What is the TCS-DXC technology case? It is a trade-secret lawsuit in the US between Tata Consultancy Services (TCS) and US-based Computer Sciences Corporation (CSC), now part of DXC Technology. Since the mid-1990s, CSC has licenced core life-insurance software to the US insurer Transamerica, under agreements signed in 1994 and 1998, later amended in 1999 to add the CyberLife platform and in 2005 to add Vantage. In 2013, Transamerica hired TCS to maintain these CSC systems, and in 2016–18 TCS bid for, and th ...

InterGlobe Aviation (IndiGo,) shares are set to be listed as a constituent of the benchmark BSE Sensex index, effective from December 22, according to an official announcement on Friday. Tata Motors Passenger Vehicles Ltd will be dropped from the index, it added. Tata Motors demerged into two separate entities earlier this month — Tata Motors Passenger Vehicles (TMPV) and Tata Motors Commercial Vehicles (TMCV). This move increased the count of the index constituents on the Nifty 50. However, this had no eff ...

Core Viewpoint - The US Court of Appeals has upheld a previous ruling that fines Tata Consultancy Services (TCS) $194 million for misappropriating trade secrets from DXC Technology Company [1][3]. Group 1: Legal Proceedings - DXC Technology, formerly known as Computer Sciences Corporation, accused TCS of using its trade secrets to secure a $2.6 billion contract with Transamerica and to develop its software platform BaNCS [2]. - The District Court initially ruled in favor of DXC, awarding $56,151,583 in compensatory damages, $112,303,166 in exemplary damages, and $25,773,576.60 in prejudgment interest [2]. - The Appeals Court upheld the District Court's decision on damages but vacated the injunction that previously barred TCS from using BaNCS material in the future [3]. Group 2: Company Response - TCS has described the exemplary damages as "legally excessive" and has sought to have them reduced or vacated, but the court rejected this argument [3]. - The company is currently evaluating various options, including a review and potential appeal, and intends to vigorously defend its position [4]. - TCS will make necessary provisions related to this matter in its financial statements in accordance with applicable accounting standards [4].