Setback for IT giant: TCS to take $70 million one-time hit as US Supreme Court rejects appeal – here’s what the case is about
On June 15, the US Supreme Court declined to intervene in the case, leaving intact a lower court judgment. Tata Consultancy Services (TCS) said on Tuesday that it will record a one-time exceptional charge of $70 million in the first quarter of FY27 after the US Supreme Court declined to hear its appeal against a…