{"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":"mithuns-new-bengal-chapter","data":{"third_party_url":null,"title":{"text":"Mithun’s New Bengal Chapter"},"img":{"url":"https://images.prismic.io/prad/J4fEuv-MLhOuAois_mithun.JPG?auto=format%2Ccompress&rect=0%2C54%2C450%2C222&w=2028&h=1000"},"datetime":"2026-09-14T12:48:00+0000"}}},{"node":{"uid":"oracle-begun-a-fresh-round-of-layoffs","data":{"third_party_url":null,"title":{"text":"Oracle begun a fresh round of 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