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Podcast: One Thing Today in Tech
Episode: TCS to appeal latest EPIC case order; Vauld locks up, explores restructuring; Xiaomi releases 12S Ultra with 1-inch sensor
Description: Tata Consultancy Services, told the stock exchanges yesterday that a US court, which was hearing the latest appeal in a case in which EPIC Systems, a US company, has accused India’s biggest IT services company of stealing intellectual property, has passed an order reducing the jury award of punitive damages to $140 million.
TCS is legally advised that it has strong arguments in its favour before an Appeal Court and the Order on the punitive damages are not supported by the facts presented by TCS before the Trial Court, the company said. “We have been advised that the...