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19 Apr 2016

A US court imposed a $940 million penalty on Tata Consultancy Services for a trade secret theft case, which experts believe could negatively impact the entire Indian IT sector during its current slow growth phase. The allegations caused TCS' share value to drop around 2.93%. While TCS denies the allegations and plans to appeal the court's decision, the penalty may lead other companies to face greater scrutiny and legal risks in the US.

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Srikant Sharma
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15 views

19 Apr 2016

A US court imposed a $940 million penalty on Tata Consultancy Services for a trade secret theft case, which experts believe could negatively impact the entire Indian IT sector during its current slow growth phase. The allegations caused TCS' share value to drop around 2.93%. While TCS denies the allegations and plans to appeal the court's decision, the penalty may lead other companies to face greater scrutiny and legal risks in the US.

Uploaded by

Srikant Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Topic:

Keywords: Tata Consultancy Services, Allegations, Court,


Penalty
Link: http://economictimes.indiatimes.com/tech/ites/us-courtslapping-nearly-1-billion-penalty-on-tcs-could-impact-entireindian-it-sector/articleshow/51870656.cms
By: Jochelle Mendonca
Dated: 18-Apr-2016
Experts believe that the imposition of a $940 million penalty on
Tata Consultancy Services for its trade secret theft case by a
U.S. court would lead to the adverse effects on the whole Indian
IT industry during this slow phase of growth. The allegations
also led to the fall in the value of the shares by around 2.93%.
Although, TCS has been denying such allegations and stated
that it would appeal against the courts judgement.
To know more read at

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