{"id":114504,"date":"2023-11-28T12:54:56","date_gmt":"2023-11-28T07:24:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114504"},"modified":"2023-11-28T13:25:04","modified_gmt":"2023-11-28T07:55:04","slug":"tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/","title":{"rendered":"TCS ordered to pay $210 Mil by the federal court, in Texas"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2648273824\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Tuesday&#8217;s session, the share price of a large cap IT company declined by 0.6 percent at Rs 3,434 to its intraday low from its previous close. After the federal court ordered the company to pay 210 million dollars.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-269901590\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Tata Consultancy Services (TCS) has been ordered to pay DXC Technology 210 million dollars after a jury in federal court in Dallas, Texas, found the company guilty of stealing trade secrets from DXC Technology.&nbsp;<\/p><p>TCS has denied the allegations and said that it will continue to prosecute the case. However, the company has already taken a 125 million dollar provision for the third quarter following the jury&#8217;s verdict.&nbsp;<\/p><p>TCS was sued by DXC&#8217;s precursor, Computer Sciences Corp, in 2019 for misusing its access to CSC&#8217;s software to create a rival life insurance platform. TCS was found to have &#8220;willfully and maliciously&#8221; exploited DXC&#8217;s trade secrets by the jury, and DXC was awarded 140 million dollars in damages. DXC also owes TCS 70 million dollars for stealing its trade secrets.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3385444145\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>TCS is having a hard time right now because of the verdict because other IT majors are becoming more of a rival to the company. Transamerica, a major TCS customer, terminated its 10-year agreement with the company two years ahead of schedule in June.&nbsp;<\/p><p>In addition to their recent filling, TCS has started its AWS generative AI practice to assist clients in leveraging generative AI to transform their businesses. In order to manage its IT operations on AWS and move its systems to the cloud, Wyndham Hotels &amp; Resorts has selected TCS as a strategic technology partner. This move will allow the company to invest in data standardisation for future innovation.&nbsp;<\/p><p>According to the Tata Consultancy Services (TCS) report, the company&#8217;s net revenue increased 8 percent year on year from Rs 55,309 crores in Q2FY23 to Rs 59,692 crores in Q2FY24. In addition, net profit rose 8.7 percent year on year, from Rs 10,465 crores in Q2FY23 to Rs 11,380 crores in Q2FY24.&nbsp;<\/p><p>The promoters own 72.30 percent of the shares in Tata Consultancy Services (TCS), with domestic institutional investors holding 10.01 percent, foreign institutional investors at 12.47 percent, and the public holding the remaining portion.&nbsp;<\/p><p>Tata Consultancy Services (TCS) is a large-cap stock that has increased by 5.3 percent year to date and 3.5 percent over the last six months.<\/p><p>Tata Consultancy Services is an IT services, consulting, and business solutions firm that has been assisting many of the world&#8217;s largest corporations in their transformation journeys for over 50 years. TCS provides consulting-led, cognitive-powered, integrated business, technology, and engineering services and solutions.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1462561503\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written by Sriram KV<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2095500893\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Tuesday&#8217;s session, the share price of a large cap IT company declined by 0.6 percent at Rs 3,434 to its intraday low from its previous close. After the federal court ordered the company to pay 210 million dollars.&nbsp; Tata Consultancy Services (TCS) has been ordered to pay DXC Technology 210 million dollars after a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-114504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TCS ordered to pay $210 Mil by the federal court, in Texas - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Tuesday&#039;s session, the share price of a large cap IT company declined by 0.6 percent at Rs 3,434 to its intraday low from its previous close. After the federal court ordered the company to pay 210 million dollars.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TCS ordered to pay $210 Mil by the federal court, in Texas\" \/>\n<meta property=\"og:description\" content=\"On Tuesday&#039;s session, the share price of a large cap IT company declined by 0.6 percent at Rs 3,434 to its intraday low from its previous close. After the federal court ordered the company to pay 210 million dollars.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-28T07:24:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-28T07:55:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/TCS-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/\",\"url\":\"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/\",\"name\":\"TCS ordered to pay $210 Mil by the federal court, in Texas - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/TCS-Cover-Image.jpg\",\"datePublished\":\"2023-11-28T07:24:56+00:00\",\"dateModified\":\"2023-11-28T07:55:04+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"On Tuesday's session, the share price of a large cap IT company declined by 0.6 percent at Rs 3,434 to its intraday low from its previous close. After the federal court ordered the company to pay 210 million dollars.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/TCS-Cover-Image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/TCS-Cover-Image.jpg\",\"width\":1280,\"height\":854,\"caption\":\"TCS - Cover Image\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TCS ordered to pay $210 Mil by the federal court, in Texas\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TCS ordered to pay $210 Mil by the federal court, in Texas - Trade Brains Features","description":"On Tuesday's session, the share price of a large cap IT company declined by 0.6 percent at Rs 3,434 to its intraday low from its previous close. After the federal court ordered the company to pay 210 million dollars.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/","og_locale":"en_US","og_type":"article","og_title":"TCS ordered to pay $210 Mil by the federal court, in Texas","og_description":"On Tuesday's session, the share price of a large cap IT company declined by 0.6 percent at Rs 3,434 to its intraday low from its previous close. After the federal court ordered the company to pay 210 million dollars.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-11-28T07:24:56+00:00","article_modified_time":"2023-11-28T07:55:04+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/TCS-Cover-Image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/","url":"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/","name":"TCS ordered to pay $210 Mil by the federal court, in Texas - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/TCS-Cover-Image.jpg","datePublished":"2023-11-28T07:24:56+00:00","dateModified":"2023-11-28T07:55:04+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"On Tuesday's session, the share price of a large cap IT company declined by 0.6 percent at Rs 3,434 to its intraday low from its previous close. After the federal court ordered the company to pay 210 million dollars.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/TCS-Cover-Image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/TCS-Cover-Image.jpg","width":1280,"height":854,"caption":"TCS - Cover Image"},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/tcs-ordered-to-pay-210-mil-by-the-federal-court-in-texas\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"TCS ordered to pay $210 Mil by the federal court, in Texas"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/114504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=114504"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/114504\/revisions"}],"predecessor-version":[{"id":114505,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/114504\/revisions\/114505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/15091"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=114504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=114504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=114504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}