{"componentChunkName":"component---src-templates-article-js","path":"/tcs-suffers-70m-setback","result":{"data":{"prismicArticle":{"uid":"tcs-suffers-70m-setback","tags":["politics"],"first_publication_date":"2026-06-16T09:39:56+0000","last_publication_date":"2026-06-16T14:12:55+0000","data":{"third_party_url":null,"title":{"text":"TCS Suffers $70M Setback"},"rating":null,"datetime":"2026-06-16T05:54:00+0000","img":{"url":"https://images.prismic.io/prad/1a66400a-a0f7-4444-b918-c980bf94ec7a_TCS.JPG?auto=format,compress"},"embed":{"embed_url":null,"thumbnail_url":null,"author_url":null,"title":null},"content":{"raw":[{"text":"IT services major Tata Consultancy Services (TCS) on Tuesday said it will make an additional provision of $70 million towards damages, interest and legal costs after the United States Supreme Court declined to review a lower court judgment in its long-running legal dispute with Computer Sciences Corporation (CSC) -- now known as DXC Technology. "},{"text":"In a regulatory filing, the company said the US Supreme Court denied its petition for a writ of certiorari seeking a review of the judgment passed by the United States Court of Appeals for the Fifth Circuit on June 15."},{"text":"The latest development marks another setback for TCS in the litigation involving DXC Technology."},{"text":"TCS said it had already provided $150 million in relation to the matter in its books of accounts in accordance with applicable accounting standards."},{"text":"Following the Supreme Court's decision, the company will now make an additional provision of $70 million towards damages, interest and legal costs as a one-time exceptional expense in the first quarter of FY2026-27."},{"text":"The company had earlier updated investors on the case through regulatory filings in June 2024 and November 2025."},{"text":"Earlier, TCS had suffered a legal setback after the Fifth Circuit upheld a damages award of $194.2 million and ruled in favour of CSC in a long-running trade secrets dispute."},{"text":"However, the IT services major did not provide further details on the financial impact beyond the additional provision to be recognised in the June quarter."},{"text":"Meanwhile, shares of TCS traded over 2 per cent higher at Rs 2,208.50 apiece on the BSE on Tuesday."},{"text":"The IT stock has touched a 52-week high of Rs 3,539.45 and a 52-week low of Rs 2,110.00 on the exchange."}]}}},"relatedArticles":{"edges":[{"node":{"uid":"amazon-lays-off-nearly-250-employees","data":{"third_party_url":null,"title":{"text":"Amazon lays off nearly 250 employees"},"img":{"url":"https://images.prismic.io/prad/3bebbf02-cde9-4baf-9be6-b5da42c81309_amazon+campus.jpg?auto=format,compress"},"datetime":"2026-10-29T04:40:00+0000"}}},{"node":{"uid":"konda-surekha-says-sorry-to-ktr","data":{"third_party_url":null,"title":{"text":"Konda Surekha Says Sorry to KTR?"},"img":{"url":"https://images.prismic.io/prad/Zv2NDLVsGrYSwT_X_ktrkonda.JPG?auto=format,compress&rect=0,0,2028,1000&w=2028&h=1000"},"datetime":"2026-10-29T12:25:00+0000"}}},{"node":{"uid":"200b-ai-boom-ahead","data":{"third_party_url":null,"title":{"text":"$200B AI Boom Ahead?"},"img":{"url":"https://images.prismic.io/prad/xufYZuR1rBUNRB-6_AItech.JPG?auto=format,compress"},"datetime":"2026-10-29T06:25:00+0000"}}},{"node":{"uid":"heavy-rain-triggers-floods-in-srikakulam-district","data":{"third_party_url":null,"title":{"text":"Heavy rain triggers floods in Srikakulam district"},"img":{"url":"https://images.prismic.io/prad/RvbbzwzP1H8mJsWL_heavyrainssrikakulam.JPG?auto=format%2Ccompress&rect=0%2C41%2C449%2C221&w=2028&h=1000"},"datetime":"2026-10-29T05:30:00+0000"}}},{"node":{"uid":"virat-kohli-in-scs-green-diwali-pitch","data":{"third_party_url":null,"title":{"text":"Virat Kohli in SC’s Green Diwali Pitch?"},"img":{"url":"https://images.prismic.io/prad%2F3e90079c-a984-4389-b2d2-9e56d9e5cb4f_virat+kohli.jpg?auto=format%2Ccompress&rect=0%2C0%2C1200%2C592&w=2028&h=1000"},"datetime":"2026-10-29T12:25:00+0000"}}},{"node":{"uid":"shock-death-of-para-athlete-neeraj-yadav","data":{"third_party_url":null,"title":{"text":"Shock Death of Para-Athlete Neeraj Yadav"},"img":{"url":"https://images.prismic.io/prad/fLAgAPkF58IWCJ9W_paraathlet.JPG?auto=format%2Ccompress&rect=0%2C38%2C449%2C221&w=2028&h=1000"},"datetime":"2026-10-28T08:32:00+0000"}}},{"node":{"uid":"trump-team-seeks-h-1b-fee-case-delay","data":{"third_party_url":null,"title":{"text":"Trump Team Seeks H-1B Fee Case Delay"},"img":{"url":"https://images.prismic.io/prad/aNFVfZ5xUNkB0-bC_H1Bvisa.JPG?auto=format,compress"},"datetime":"2026-10-28T02:26:00+0000"}}},{"node":{"uid":"noel-tata-to-quit-6-tata-boards","data":{"third_party_url":null,"title":{"text":"Noel Tata to Quit 6 Tata Boards"},"img":{"url":"https://images.prismic.io/prad/ZwkEdIF3NbkBXQof_noeltata.JPG?auto=format,compress"},"datetime":"2026-10-28T09:29:00+0000"}}},{"node":{"uid":"jayesh-ranjan-shifted-amid-vrs-buzz","data":{"third_party_url":null,"title":{"text":"Jayesh Ranjan Shifted Amid VRS Buzz"},"img":{"url":"https://images.prismic.io/prad/n6FEl26EzjUGw9Gf_jayeshranjan.JPG?auto=format%2Ccompress&rect=0%2C77%2C1500%2C740&w=2028&h=1000"},"datetime":"2026-10-28T09:33:00+0000"}}},{"node":{"uid":"sour-losers-naidu-takes-on-india-bloc","data":{"third_party_url":null,"title":{"text":"Sour Losers? 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