India, Nov. 24 -- A US Court of Appeals has upheld a District Court decision against Tata Consultancy Services Ltd. that required India's largest software-services exporter to pay $194 million in damages in a matter related to a trade secrets dispute.

Calling it an "adverse ruling", TCS is now "evaluating various options, including review and appeal before appropriate courts, and intends to vigorously defend its position", according to an exchange filing on Saturday (22 November 2025).

"Necessary provisions related to this matter will be duly made in the books of accounts and financial statements in accordance with applicable accounting standards."

The trade secrets dispute between TCS and Computer Sciences Corp.-which is now merged wi...