India's TCS to take $70 million hit after US Supreme Court rejects appeal
Andreea Neblea
June 16 : Tata Consultancy Services will book a one-time exceptional charge of $70 million after the U.S. Supreme Court rejected its appeal in a trade secrets case, bringing its total exposure in the matter to $220 million, the firm said on Monday. Here are some more details: • The U.S. Supreme Court on June 15 let stand a $168 million damages award in favour of DXC Technology. • TCS, which had already set aside $150 million for the case, said it will book a further $70 million towards damages,
din zilele anterioare