US court levies $194 million penal charges on TCS for misappropriation of trade secrets

A US court has ruled that Tata Consultancy Services is liable for misappropriation of trade secrets and levied penal charges of around USD 194 million on the IT major, a regulatory filing said on Friday. TCS, however, said it has strong arguments against the judgement and is taking necessary steps to protect its interest through review or appeal.