Announced Tue, 16 Jun · 08:25 IST
US Supreme Court denies TCS appeal in DXC suit; additional $70M provision
TCS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹2162.80
prior close
₹2167.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.6+0.9+0.9+2.7+1.8-1.2-1.5-4.8-3.1-4.8+1.7——
Up moveDown movePending
AI summary
The US Supreme Court has denied TCS's petition for a writ of certiorari to review the Fifth Circuit's judgment in the suit filed by DXC Technology (formerly Computer Sciences Corporation). TCS had already set aside USD 150 million and will now additionally provide USD 70 million towards damages, interest and legal costs as a one-time exceptional expense in Q1 FY2027.
Likely market impact
Negative — additional $70M one-time exceptional charge in Q1 FY27; adverse ruling stands, though $150M was already provisioned earlier.