{"data":{"prismicArticle":{"uid":"tcs-suffers-70m-setback","tags":["politics","featured","four"],"first_publication_date":"2026-06-16T09:39:56+0000","last_publication_date":"2026-06-16T09:39:56+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":"vaibhav-tilak-in-verbal-spat","data":{"third_party_url":null,"title":{"text":"Vaibhav, Tilak in Verbal Spat"},"img":{"url":"https://images.prismic.io/prad/ajA1jI1P9HI4UhnM_spat.JPG?auto=format,compress&rect=0,0,2028,1000&w=2028&h=1000"},"datetime":"2026-06-15T15:30:00+0000"}}},{"node":{"uid":"cjp-founder-abhijeet-dipke-slapped-by-two-youths","data":{"third_party_url":null,"title":{"text":"Cockroach Janata Party founder  slapped by two youths"},"img":{"url":"https://images.prismic.io/prad/ajAxp41P9HI4UhlU_cockroachfounder.JPG?auto=format%2Ccompress&rect=0%2C0%2C449%2C221&w=2028&h=1000"},"datetime":"2026-06-15T16:09:00+0000"}}},{"node":{"uid":"200-stanford-graduates-walk-out-during-pichais-spe","data":{"third_party_url":null,"title":{"text":"200 Stanford graduates walk out during Pichai's speech"},"img":{"url":"https://images.prismic.io/prad/a551ea4b-a95b-44f1-a8f7-612523fd354c_pichai.JPG?auto=format,compress"},"datetime":"2026-06-15T07:20:00+0000"}}},{"node":{"uid":"trump-declares-iran-deal-complete","data":{"third_party_url":null,"title":{"text":"Trump declares Iran deal complete,"},"img":{"url":"https://images.prismic.io/prad/a6217d3e-6587-47fe-b814-f7f75e54aa2e_trump+tweet.JPG?auto=format,compress"},"datetime":"2026-06-15T00:36:00+0000"}}},{"node":{"uid":"amaravati-is-on-full-throttle-no-hitting-pause","data":{"third_party_url":null,"title":{"text":"Amaravati is on full throttle, no hitting pause"},"img":{"url":"https://images.prismic.io/prad/acz_sJGXnQHGZKc7_amaravati.JPG?auto=format,compress"},"datetime":"2026-06-14T10:03:00+0000"}}},{"node":{"uid":"no-fresh-job-cuts-at-meta-in-2026","data":{"third_party_url":null,"title":{"text":"No Fresh Job Cuts at Meta in 2026"},"img":{"url":"https://images.prismic.io/prad/Z7rb757c43Q3gGjp_meta.JPG?auto=format,compress"},"datetime":"2026-06-13T04:53:00+0000"}}},{"node":{"uid":"sabarimala-gold-scam-accused-dies-while-on-bail","data":{"third_party_url":null,"title":{"text":"Sabarimala gold scam accused dies while on bail"},"img":{"url":"https://images.prismic.io/prad/aMqwz2GNHVfTPUrM_sabarimala.JPG?auto=format,compress"},"datetime":"2026-06-13T04:09:00+0000"}}},{"node":{"uid":"hyds-streets-transformed-into-rivers","data":{"third_party_url":null,"title":{"text":"Hyd's Streets Transformed into Rivers"},"img":{"url":"https://images.prismic.io/prad/2bf55b27-593f-43b2-b3f6-1b54eed9ad6f_hyderabad+rains.jpg?auto=format%2Ccompress&rect=0%2C32%2C3300%2C1627&w=2028&h=1000"},"datetime":"2026-06-13T10:11:00+0000"}}},{"node":{"uid":"ai171-survivors-life-takes-another-turn","data":{"third_party_url":null,"title":{"text":"AI171 Survivor’s Life Takes Another Turn"},"img":{"url":"https://images.prismic.io/prad/aiwJKKlQnVZVESlG_ai171survivor.JPG?auto=format%2Ccompress&rect=0%2C137%2C1200%2C592&w=2028&h=1000"},"datetime":"2026-06-12T11:27:00+0000"}}},{"node":{"uid":"legendary-shooting-coach-jaspal-rana-passes-away","data":{"third_party_url":null,"title":{"text":"Legendary shooting coach Jaspal Rana passes away"},"img":{"url":"https://images.prismic.io/prad/aiuTl6lQnVZVEQD7_Untitled-1copy.JPG?auto=format,compress&rect=0,0,2028,1000&w=2028&h=1000"},"datetime":"2026-06-12T04:50:00+0000"}}},{"node":{"uid":"musks-wealth-soars-to-970-billion","data":{"third_party_url":null,"title":{"text":"Musk’s Wealth Soars to $970 Billion!"},"img":{"url":"https://images.prismic.io/prad/7b8617d0-8425-461b-ac2b-914374ef1d08_musk.JPG?auto=format,compress"},"datetime":"2026-06-12T04:32:00+0000"}}},{"node":{"uid":"dawood-network-in-new-terror-plot","data":{"third_party_url":null,"title":{"text":"Dawood Network in New Terror Plot"},"img":{"url":"https://images.prismic.io/prad/5e1e7812-954c-461e-9f93-fd36c403bd18_dawood.JPG?auto=format,compress"},"datetime":"2026-06-12T08:52:00+0000"}}},{"node":{"uid":"ai-deepfakes-emerging-as-new-threat-to-financial-s","data":{"third_party_url":null,"title":{"text":"AI deepfakes: New threat to financial systems"},"img":{"url":"https://images.prismic.io/prad/aiqXRalQnVZVENP-_deepfake.JPG?auto=format,compress&rect=0,0,2028,1000&w=2028&h=1000"},"datetime":"2026-06-11T10:41:00+0000"}}},{"node":{"uid":"trs-hits-a-name-war-before-take-off","data":{"third_party_url":null,"title":{"text":"TRS Hits a Name War Before Take-Off"},"img":{"url":"https://images.prismic.io/prad%2F9e6b7140-d0f5-4058-922f-69ca08d8479a_kavitha+trs.jpg?auto=format%2Ccompress&rect=0%2C62%2C1024%2C505&w=2028&h=1000"},"datetime":"2026-06-11T16:27:00+0000"}}},{"node":{"uid":"tcs-to-empower-50000-associates-with-claude-ai","data":{"third_party_url":null,"title":{"text":"TCS to empower 50,000 associates with Claude AI"},"img":{"url":"https://images.prismic.io/prad/119269ae-dd75-4418-af5e-c9da88404cf9_tcs.JPG?auto=format,compress"},"datetime":"2026-06-11T06:40:00+0000"}}},{"node":{"uid":"opendoor-shuts-india-ops-cuts-250-jobs","data":{"third_party_url":null,"title":{"text":"Opendoor Shuts India Ops, Cuts 250 Jobs"},"img":{"url":"https://images.prismic.io/prad/aip-5alQnVZVEM3c_opendoor.JPG?auto=format,compress"},"datetime":"2026-06-11T04:56:00+0000"}}},{"node":{"uid":"india-dominates-global-visa-programmes","data":{"third_party_url":null,"title":{"text":"India dominates global visa programmes"},"img":{"url":"https://images.prismic.io/prad%2Fc8ca36a7-3775-4d07-91ef-ef2592306a21_visa.jpg?auto=format%2Ccompress&rect=0%2C29%2C1200%2C592&w=2028&h=1000"},"datetime":"2026-06-11T07:45:00+0000"}}},{"node":{"uid":"ed-arrests-raj-kesireddy-in-liquor-scam","data":{"third_party_url":null,"title":{"text":"ED arrests Raj Kesireddy in liquor scam"},"img":{"url":"https://images.prismic.io/prad/aAfFIPIqRLdaBepj_rajkasireddy.JPG?auto=format,compress"},"datetime":"2026-06-11T08:10:00+0000"}}},{"node":{"uid":"1-cr-ex-gratia-will-cbn-go-the-extra-mile","data":{"third_party_url":null,"title":{"text":"1 Cr Ex-Gratia: Will CBN Go Extra Mile?"},"img":{"url":"https://images.prismic.io/prad%2Fbb599b1a-2f7d-49d0-ae54-24a236966bdb_chandrababu+naidu.jpg?auto=format,compress&rect=0,54,1200,592&w=2028&h=1000"},"datetime":"2026-06-10T12:57:00+0000"}}},{"node":{"uid":"hyds-growth-story-ends-where-the-rain-begins","data":{"third_party_url":null,"title":{"text":"Hyd's Growth Story Ends Where the Rain Begins"},"img":{"url":"https://images.prismic.io/prad/ailWwQeQX7-eXKfG_HyderabadRains.png?auto=format,compress&rect=0,34,877,432&w=2028&h=1000"},"datetime":"2026-06-10T07:11:00+0000"}}},{"node":{"uid":"revanth-reddy-dragged-into-rs-row","data":{"third_party_url":null,"title":{"text":"Revanth Reddy Dragged Into RS Row"},"img":{"url":"https://images.prismic.io/prad/ailXxweQX7-eXKfr_KiranKumarReddy.png?auto=format,compress&rect=0,16,450,222&w=2028&h=1000"},"datetime":"2026-06-10T12:25:00+0000"}}}]}},"pageContext":{"isCreatedByStatefulCreatePages":false,"uid":"tcs-suffers-70m-setback","tags":["politics","four"]}}