US court levies $194 million penalty on TCS

BENGALURU: A US court has imposed a $194 million penalty on TCS for misappropriation of US IT services firm DXC’s ((formerly CSC) trade secrets. The court said that TCS is liable to pay CSC $56 million in compensatory damages and $112 million in exemplary damages. The court also said TCS is liable for $25 million in prejudgment interest through June 13,. It also passed certain injunctions and other reliefs against TCS.