TCS Current Affairs

US court slaps 940 million dollars fine on two Tata group companies

The federal grand jury in the US State of Wisconsin has slapped 940 million US dollars fine against two companies of India’s Tata group – Tata Consultancy Services (TCS) and Tata America International Corp.

They were fined in a trade secret lawsuit filed against them by the US based electronics medical records vendor Epic Systems. The jury verdict has directed two companies of India’s Tata group to pay 240 million dollars to Epic Systems for ripping off its software and pay 700 million dollars in punitive damages.

Epic Systems had accused the two companies of brazenly stealing its trade secrets, confidential information, documents and data.

The US based company in its lawsuit has alleged that TCS employee reviewed its intellectual property under the pretence of doing consulting work for Kaiser Permanente, the largest managed health care company in the US and in doing so downloaded Epic’s proprietary software to help build a rival system.

Epic Systems as an electronics medical records vendor builds software for healthcare companies to manage billing, insurance benefits management and referral services.


Hindustan Unilever Sun Pharma Industries and Tata Consultancy Services (TCS) among the world’s top 100 innovative Companies: Forbes

Three Indian companies Hindustan Unilever Sun Pharma Industries and Tata Consultancy Services (TCS) and have been named among the world’s 100 most innovative companies by Forbes.

Hindustan Unilever the FMCG has been ranked 41 on the list whereas TCS stood at number 64 and Sun Pharma at 71 in the Forbes list of ‘The World’s Most Innovative Companies’.

Key findings

  • California-Based Tesla Motors has topped the list whose market capitalization is of $25.5 billion. Tesla Motors has also won the Apple’s creative crown.
  •, Alexion Pharmaceuticals, Regeneron Pharmaceuticals and ARM Holdings and among the top five companies on the list.
  • TCS, India’s largest IT Company with a market cap of $80.3 billion has appeared on the list for the eighth time.
  • Sun Pharma, India’s largest drug company with a market cap $39 billion appears on the list for the fourth straight time.
  • The other notable companies on the list are Amazon at 8th position, Monster Beverages at 13, Marriot International at 29, Visa at 33, Netflix at 27, MasterCard at 36, Starbucks at 45, Adobe at 74, Coco Cola 81 and Cognizant 96.


Forbes has ranked these companies based on their innovation premium this is the difference between their market capitalisation and a net present value of cash flows from existing businesses.

Forbes included only those industries that are known to invest in innovation and has seven years of public financial data and $10 billion in market cap.