TATASTEEL

April 10 (Reuters) - Modern Engineering and Projects Ltd MODE.BO:

• MODERN ENGINEERING AND PROJECTS LTD - GETS ORDER WORTH 600 MILLION RUPEES

• MODERN ENGINEERING AND PROJECTS LTD - GETS ORDER FROM TATA STEEL

Source text: ID:nBSE8wS5zn

Further company coverage: MODE.BO

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** Shares of India's Tata Steel TISC.NS rise 3.35% to 204.84 rupees

** The steelmaker reported a 15% jump y/y to 6.25 million tons in domestic fourth-quarter crude steel production volumes, deliveries up 10% YoY at 6.19 million tons

** Gains also come amid an improvement in broader market sentiment after U.S. President Donald Trump agreed to a two-week ceasefire with Iran and as the RBI left its rates unchanged

** Stock rated "buy" on average by 31 analysts, median PT at 219 rupees, according to LSEG-compiled data

** TISC stock up 10.02%, YTD

(Reporting by Surbhi Misra in Bengaluru)

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March 20 (Reuters) - Tata Steel Ltd TISC.NS:

• INAUGURATES ITS FIRST SCRAP-BASED ELECTRIC ARC FURNACE IN INDIA

Source text: ID:nBSEC8STV

Further company coverage: TISC.NS

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March 17 (Reuters) - Tata Steel Ltd TISC.NS:

• BOARD APPROVES AMALGAMATION OF NEELACHAL ISPAT NIGAM WITH TATA STEEL

• APPROVES INVESTMENT UP TO USD 2 BILLION IN T STEEL HOLDINGS FROM FY2026-27 ONWARDS

• APPROVES ACQUISITION OF SECURITIES IN MEDICA TS HOSPITAL FOR 14.9 MILLION RUPEES

Source text: ID:nBSE9CHL6q

Further company coverage: TISC.NS

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By Neha Arora

NEW DELHI, March 16 (Reuters) - Mounting gas shortages have disrupted operations at some steel plants of India's top metals conglomerate JSW Group, with one unit facing a potential shutdown in the coming days, according to an internal note seen by Reuters.

India, the world's second-largest crude steel producer, is facing its worst gas crisis in decades after the Middle East conflict disrupted supply routes.

JSW said in the note that disruptions to fuel supplies and maritime operations were starting to affect its operational stability and supply chain. As a result JSW Steel Coated Products risked missing sales and supply obligations for tinplate under the government's production-linked incentive scheme and has requested a six-month extension, it added.

"JSW has also received force majeure notice from one of its key suppliers - Petronet LNG Ltd owing to Middle East crisis affecting LNG shipment," the note said.

JSW did not immediately respond to a request for comment.

HUGE ADVERSE IMPACT

In a separate letter, also seen by Reuters, to the federal steel secretary dated March 7, the Indian Steel Association said a shortfall of propane and liquefied petroleum gas affected the entire value chain and would have a "huge adverse impact" on steel-based micro, small and medium enterprises and their ancillary units, which employ a large workforce.

JSW Steel JSTL.NS, Tata Steel TISC.NS and state-run Steel Authority of India SAIL.NS are among the ISA's members.

India has invoked emergency measures, restricting natural gas use to priority sectors after liquefied natural gas shipments through the Strait of Hormuz were disrupted by the conflict.

The ISA has asked the government to fast-track subsidised spot imports from non-Middle East sources and ensure priority allocation to steel and allied industrial clusters.

The steel association did not immediately respond to a request for comment.

India's small steel producers have warned of production halts because of gas shortages, Reuters reported last week.

(Reporting by Neha Arora; editing by Mayank Bhardwaj, Kirsten Donovan)

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March 12 (Reuters) - Tata Steel Ltd TISC.NS:

• TATA STEEL LTD - FILED WRIT PETITION BEFORE HIGH COURT CHALLENGING TAX DEPARTMENT ORDER

Source text: ID:nBSE7WtF3V

Further company coverage: TISC.NS

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By Aditya Kalra

NEW DELHI, March 9 (Reuters) - When India's largest oil explorer opened a tender for a cement order in 2018, it sensed something was off by the competing bids coming in: all of them were exactly 7,000 rupees per tonne.

Oil and Natural Gas Corporation ONGC.NS queried the bids and got a wry reply from an executive at India Cements. Seven was his "lucky number", he explained.

Suspicious, ONGC quietly lodged an antitrust case against three Indian cement companies.

The details of the case were outlined in a confidential investigation report and evidence that were shared with the companies in January and reviewed by Reuters, following a five-year probe that found a decade of price collusion targeting state-run ONGC.

The Competition Commission of India (CCI) report said the "cartel period" ran 12 years between 2007 and 2018 for Dalmia Cement (Bharat), a unit of India's fourth-largest cement maker Dalmia Bharat DALB.NS, and rival Shree Digvijay SRDC.NS. India Cements ICMN.NS was part of the cartel for 2017-18.

The report identified thinly concealed attempts at collusion by Indian companies, signalling a growing willingness by the regulator to scrutinise domestic firms after months of high-profile investigations into foreign giants.

The Indian cement firms' bid rigging, discussions of supply patterns and efforts to oust foreign bidders were "substantiated from strong evidences in form of communication, meetings, emails, admission," said the 90-page report.

Local media outlet Zee Business reported the basic finding of wrongdoing last year, but Reuters is the first to report the detailed tactics and evidence which underpin CCI's investigation findings.

Dalmia Bharat declined to comment citing pendency of the matter before the CCI, but has previously said it is cooperating with the authorities. India Cements, which was acquired by No. 1 player UltraTech ULTC.NS in 2024, did not respond, and neither did Shree Digvijay, ONGC or the CCI.

The cement companies have been asked to respond to the report and the watchdog will then issue a final order within months. It has powers to drop any of the investigation findings, but fines can go as high as three times the companies' profit or 10% of their turnover for each year of wrongdoing.

In fiscal year 2024-25, Dalmia Bharat recorded annual revenues of $1.5 billion, Shree Digvijay $79 million and India Cements $444 million.

'SUPPORTED BY THE NUMEROLOGY FACTOR OF 7'

While Apple, Amazon and other foreign firms have faced intense antitrust scrutiny, the cement case highlights CCI's focus on big Indian firms from key economic sectors.

"Tech cases have been a growing focus for CCI but there is increased cognizance within the government to tackle breaches at state-run firms and in public procurement," said Gautam Shahi, a competition law partner at Indian law firm Dua Associates.

In January, Reuters reported an antitrust investigation found four major Indian steelmakers, including Tata Steel and JSW Steel, colluded on prices.

Before filing the case in 2020, ONGC noticed bids had come in at the exact same or very similar pricing in four tenders for oil well cement.

For example, the 2018 tender for 170,000 tonnes of cement saw all three companies quoting a price of 7,000 rupees, or 7,350 rupees per tonne with taxes, for different states.

That prompted ONGC to issue a warning in late 2019, with a notice to India Cements, contained in the report, saying the identically priced bids suggested violation of competition law.

India Cements defended its bid in a written submission on its letterhead to ONGC that year, citing global trends as well as the "lucky number".

"The financial bid was also supported by the numerology factor of 7", the company letter stated.

SUBMITTING BIDS TOGETHER

The CCI's investigation puts the onus of breaches on eight top executives including former managing director of Shree Digvijay, Rajeev Nambiar; billionaire chairman of Dalmia Bharat, Y.H. Dalmia; and former managing director of India Cements, N. Srinivasan, who is also one of India's high-profile business figures. None of the executives responded to Reuters queries.

The CCI also cited Shree Digvijay senior vice president Prem R. Singh, whose testimony said "the prime objective for quoting the identical price was to allocate almost equal volumes and revenue amongst companies".

Singh visited rival Dalmia's office for "directly assisting" them in their tender filing in 2018, the CCI report said, citing messages sent by Singh to Nambiar, his then managing director. Singh did not respond to requests for comment.

Shree Digvijay and Dalmia were "actively involved" in calculating the rail freight distance of their factories from ONGC cement delivery destinations. They then bid accordingly to avoid competition and divided territories amongst themselves.

Excel sheets were also made comparing distances to decide "volume sharing" among rivals, the report showed.

TARGETING FOREIGN FIRMS

Shree Digvijay and Dalmia also targeted foreign firms who bid by flagging "prickly issues", said the report.

They repeatedly filed complaints with the Indian government about foreign bidders' lack of certification and how New Delhi should promote domestic firms over foreign ones.

Foreign bidders included Texas-based Schlumberger, the world's largest oilfield services provider now known as SLB SLB.N, UAE-based Classic Oil Field Chemicals, and Bell Weather, the report showed. The three companies did not respond to queries.

The investigators concluded that the companies tried at least once to pressure ONGC to cancel foreign bids by deciding to "restrict supply" of cement to the oil explorer, which breaches antitrust laws.

In 2019, one executive wrote to another: "Need your support in making them (ONGC) understand that they cannot throw Indian parties in bath tub."

The companies could "not digest the fact that a foreign bidder" can be awarded a tender, the CCI said.

(Reporting by Aditya Kalra; Editing by Sam Holmes)

((Email: [email protected]; X: @adityakalra;))

March 7 (Reuters) - The British government has made a proposal to pay compensation to British Steel's Chinese owner Jingye Group 600768.SS in a bid to unlock the impasse over the future of the UK's second-biggest steel producer, Sky News reported on Saturday.

The offer, which had been made in the last fortnight, is understood to have been worth less than 100 million pounds ($134.11 million), Sky News said, citing officials.

Reuters could not immediately verify the report.

($1 = 0.7457 pounds)

(Reporting by Disha Mishra in Bengaluru
Editing by Tomasz Janowski)

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Feb 26 (Reuters) - Tata Steel Ltd TISC.NS:

• TATA STEEL LTD - ACQUIRED SHARES OF T STEEL HOLDINGS WORTH UPTO USD 264 MILLION

Source text: ID:nBSE3hc5jS

Further company coverage: TISC.NS

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Feb 24 (Reuters) - Indian salt-to-software Tata conglomerate's executive chairman N Chandrasekaran has sought a deferment of discussion on his reappointment, after disagreements broke out in the board meeting of Tata Sons on Tuesday, the Economic Times reported, citing people familiar with the matter.

Tata Sons did not immediately respond to a Reuters request for comment.

(Reporting by Chandini Monnappa and Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)

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Feb 9 (Reuters) - ** India's Tata Steel TISC.NS posted a profit beat on Friday as higher sales volumes helped cushion the impact from weak steel prices nL4N3Z2180

** TISC shares up 0.7% at 198.37 rupees

IMPORT CURBS LIFT VOLUME, PRICE OUTLOOK

** ICICI Securities ("Buy," PT: raised to 226 rupees) says import safeguards will help boost prices across its domestic and European businesses, thereby boosting TISC's profitability

** Nomura ("Buy," PT: raised to 220 rupees) sees EU's carbon border tariff and potential import restrictions by UK, aiding prices for TISC's Dutch and British operations

** Motilal Oswal ("Buy," PT: raised to 240 rupees) sees lower fixed costs for European operations supporting profitability

(Reporting by Nandan Mandayam in Bengaluru)

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**Tata Steel TISC.NS shares fall 1% to 195.48 rupees ahead of quarterly earnings

**Steelmaker expected to report consolidated net profit of 24.34 billion rupees ($269.8 million), compared with 3.27 billion rupees a year earlier, according to LSEG data

**TISC posted its highest-ever quarterly crude steel production in India during third quarter, helped by increased output at its Jamshedpur and Kalinganagar facilities

**Co's crude steel deliveries climbed 14% to a record 6.04 million tonnes in Q3

**Jefferies says Indian steel firms expected to deliver improved volume growth in Q3, led by capacity ramp-ups

**However, steel prices stayed under pressure in Oct-Dec as supply outpaced demand, dragging down flat product prices

**CLSA expects co's domestic profitablility to fall 1,900 rupees per ton, driven by a sustained retreat in steel prices

**Stock up 8.1% YTD; Nifty Metal index .NIFTYMET up 5.84% in 2026

($1 = 90.2100 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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Feb 4 (Reuters) - Tata Steel Ltd TISC.NS:

• TATA STEEL - INDIA COURT RESERVED 2 WRIT PETITIONS FOR JUDGEMENT RELATING TO SUKINDA CHROMITE BLOCK

• TATA STEEL LTD - INDIA COURT EXTENDED INTERIM PROTECTION FOR BOTH MATTERS TILL JUDGEMENT IS DELIVERED

Source text: ID:nBSE51PTBp

Further company coverage: TISC.NS

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Adds context and comments throughout from Ford, Mercedes-Benz, Thyssenkrupp Steel Europe, and Bosch

By Bart H. Meijer and Julia Payne

BRUSSELS, Feb 2 (Reuters) - Europe needs to protect its own industries with a "Made in Europe" strategy, EU industry chief Stephane Sejourne said in a newspaper article published late on Sunday that was co-signed by more than 1,100 CEOs and other business leaders.

In an attempt to boost European industries in the face of cheaper imports from China, the European Commission plans to propose a so-called Industrial Accelerator Act this month that will likely set requirements to prioritise locally manufactured products. But the approach has split EU countries.

"Without an ambitious, effective and pragmatic industrial policy, the European economy is doomed to be just a playground for its competitors," Sejourne said in the article, which was published in newspapers across Europe.

"We must establish, once and for all, a genuine European preference in our most strategic sectors," the French member of the Commission said.

The article was co-signed by CEOs from a broad range of industries, including steelmakers ArcelorMittal MT.LU and Tata Steel TISC.NS, drugmakers Novo Nordisk NOVOb.CO and Sanofi SASY.PA, tyre makers Continental CONG.DE , Michelin and Pirelli PIRC.MI, airline group Air France KLM AIRF.PA, and French utility Engie ENGIE.PA.

"Canadian Prime Minister Mark Carney is right: those who are not sitting at the table now will end up on the menu ... Steel is inextricably linked to this," said Marie Jaroni, CEO of Europe's No. 2 steelmaker Thyssenkrupp Steel Europe TKAG.DE, another signatory.

'MADE IN EUROPE' REGULATIONS DIVIDE EU COUNTRIES, INDUSTRIES

Car makers were absent from the list, however, since, owing to their sprawling global supply chains, they are concerned about how narrow the "Made in Europe" definition will be.

"Ford supports strengthening Europe’s industrial base, but the planned ‘Made in Europe’ rules must remain open to trusted partners like the UK and Turkey," Ford of Europe President Jim Baumbick said in a comment to Reuters.

"Our European factories depend on deeply integrated supply chains in the UK and Turkey and excluding them would weaken production inside the EU itself."

And Stefan Hartung, CEO of major car parts supplier Bosch, cautioned the new rules should "address level-playing field issues" rather than "compensate for competitive disadvantages."

Governments including France are championing the idea of "Made in Europe" regulations. But others, including Sweden and the Czech Republic, warn that "buy local" requirements could deter investment, raise prices in government tenders, and hurt the EU's competitiveness globally.

"The Chinese have 'Made in China', the Americans have 'Buy American', and most other economic powers have similar schemes that give preference to their own strategic assets. So why not us?" Sejourne wrote.

"Whenever European public money is used, it must contribute to European production and quality jobs."

Local content is also taking centre stage in negotiations for the European Commission's next budget 2028-2034.

But Mercedes-Benz MBGn.DE CEO Ola Kaellenius told reporters that local content requirements risked driving up inflation and shrinking the market.

"You have to be incredibly, incredibly careful here to use a scalpel," he said.

(Reporting by Bart Meijer, Julia Payne and Foo Yun Chee; Additional reporting by Jan Strupczewski in Brussels, Ilona Wissenbach in Stuttgart and Christoph Steitz in Frankfurt; Editing by Cynthia Osterman, Lincoln Feast, Gareth Jones and Joe Bavier)

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Jan 30 (Reuters) - Tata Steel Ltd TISC.NS:

• COMPLETED ACQUISITION OF 50.01% STAKE IN THRIVENI PELLETS

• 49.99% STAKE IN THRIVENI PELLETS REMAINS WITH LLYODS METALS

Source text: ID:nBSE9Rrw1Q

Further company coverage: TISC.NS

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By Neha Arora and Aditya Kalra

NEW DELHI, Jan 23 (Reuters) - Four major Indian steelmakers - Tata Steel, JSW Steel and state-run SAIL and RINL - disclosed their pricing plans to rivals and coordinated production cuts to reduce supplies, an antitrust investigation report seen by Reuters shows.

In the most high-profile antitrust case involving India's steel sector, an investigation by the Competition Commission of India found 28 firms colluded on steel prices, meaning they could face hefty fines, Reuters reported exclusively on January 6.

The investigation report into the four major companies that has not been made public shows the commission reviewed dozens of WhatsApp chats, including from groups named "Friends of Steel", "Tycoons" and "Steel Live Market" that were seized during 2022 industry raids. It analysed pricing changes, sales and production patterns.

Tata Steel TISC.NS, JSW Steel JSTL.NS and state-run Steel Authority of India Limited, or SAIL, SAIL.NS and Rashtriya Ispat Nigam Limited, or RINL colluded during 2018-2023, the report says.

"There is enough circumstantial evidence ... of concerted efforts by SAIL, RINL, JSW and Tata Steel," the commission report, drafted in April 2025, said.

The four companies "were influencing the market with the sensitive price information in advance," it said.

Consultancy BigMint estimates the companies account for 44.4% of India's steel market.

TATA STEEL 'CATEGORICALLY DENIES ANY WRONGDOING'

Tata Steel in a statement to Reuters said it "categorically denies any wrongdoing" and that it determines its prices independently based on prevailing market conditions and other factors.

It added it will submit its detailed responses to the competition commission.

JSW, SAIL and RINL did not respond to requests for comment from Reuters. Their executives denied wrongdoing during the investigation, the report said.

The competition commission, which does not make any cartel case details public in line with its rules, also did not respond.

WHATSAPP CHATS AND STEEL BAR TYCOONS

The steel case started in 2021 and the companies were in October asked to submit their financial details - typically asked for penalty calculations - and share any final objections.

Senior officials at the commission are reviewing the findings. They have powers to impose fines, or overturn investigation findings.

Tata, JSW, SAIL SAIL.NS and RINL were not raided in the 2022 operation, but many smaller firms and industry groups were.

India's competition commission retrieved chats from the phones of other companies' executives that referred to the pricing plans of JSW, Tata, SAIL and RINL.

The report made no mention of any message being written by the four companies' executives, but said the investigators correlated information in the chats with company's actual price changes, and found them to be in synchrony.

One message in 2022 was posted in a group called "TMT TYCOONS" - TMT refers to steel bars used in construction. It said: "TODAY SAIL INCREASED Rs. 1000pmt in HR COIL/FLAT products. As per close sources, all primary producers are likely to increase prices."

Another message from 2020 read: "All main producers like jsw, tata ... and sail planning to increase TMT price by 1500 to 2000 pmt from 1st Nov."

PRESENTATIONS AND 'CLEAR-CUT CORROBORATION'

India is the world's second-largest producer of crude steel, and demand for the alloy has risen as infrastructure spending has increased in the fast-growing major economy.

The competition commission has held JSW's billionaire Managing Director Sajjan Jindal, Tata Steel CEO T.V. Narendran, four former SAIL chairpersons and three former ones of RINL liable for price collusion, as Reuters reported earlier this month.

Some of RINL's internal government presentations pointed to the alleged collusion by the four players, the report showed.

An RINL presentation to a government committee showed that for every month between 2018-19 and 2022-23 it "submitted market prices of TMT bars of SAIL, TATA and JSW for arriving (at) the selling price of TMT bars by RINL."

Further, the commission report found that at least in 2020-21 there was a "controlled reduction in production by Tata, JSW, SAIL and RINL to the tune of 16% to 22%".

One specific RINL presentation to a government committee in 2020 showed that it internally noted there were "production cuts by manufacturers".

"These facts (are) tantamount to clear-cut corroboration/admission of allegation of production cuts by the said big steel manufacturers," the report said.

(Reporting by Neha Arora and Aditya Kalra; editing by Barbara Lewis)

((Email: [email protected]; X: @adityakalra;))

Jan 21 (Reuters) - Tata Steel Ltd TISC.NS:

• INDIA COURT FURTHER EXTENDED INTERIM PROTECTION FOR MATTERS RELATED TO THE SUKINDA CHROMITE BLOCK

• INDIA COURT FURTHER EXTENDED INTERIM PROTECTION TILL NEXT DATE OF HEARING ON JANUARY 29, 2026

Source text: ID:nBSE4s7hQd

Further company coverage: TISC.NS

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Jan 20 (Reuters) - Tata Steel Ltd TISC.NS:

• INDIA COMPETITION REGULATOR: APPROVES ACQUISITION OF 50.01% EQUITY SHARE CAPITAL OF THRIVENI PELLETS BY TATA STEEL

Further company coverage: TISC.NS

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** India's Tata Steel TISC.NS jumps 6.3% to 188.6 rupees for the week, top gainer on Nifty 50 index .NSEI

** Stock reaps benefits of rally in metals prices as well as court relief in mining dispute

** Stock rose 2.7% on Monday, snapping 3-day losing streak, after co said Orissa High Court extended interim relief in chromite mining dispute

** Prices of base metals jumped on global supply concerns and mounting geopolitical risks on Wednesday, pushing TISC 3.7% higher that day - their biggest intraday gain since early Sept 2025

** Metals index .NIFTYMET set to rise ~4.3% this week

** Nine analysts have a "buy" rating on avg on TISC; median PT is 188 rupees - data compiled by LSEG

** On the day, TISC down 0.8%

** TISC gained ~30% in 2025, outperforming both Nifty 50 and Nifty Metal indices, which advanced 10% and 29% respectively

($1 = 90.7400 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

By Neha Arora

NEW DELHI, Jan 12 (Reuters) - India was a net exporter of finished steel in the first nine months of the financial year, with shipments reaching 4.8 million metric tons, up 33.3% from a year ago, according to provisional government data reviewed by Reuters on Monday.

The data showed that the world's second-biggest crude steel producer imported 4.65 million metric tons of finished steel in the same period.

Country-wise data on India's steel exports is expected later in the month.

In December, the government imposed an import tariff on some steel products to curb cheaper shipments, primarily from China.

The levy, locally known as a safeguard duty, will be imposed at 12% followed by 11.5% in the second year and 11% in the third year.

India produced 117.6 million metric tons of finished steel between April-December, while consumption stood at 119.3 million metric tons, the data showed.

Crude steel production during the period stood at 123.9 million metric tons, according to the data.

In January, leading Indian steelmakers raised prices of hot-rolled coils and cold-rolled coils by up to 2,000 rupees ($22.19) per metric ton, according to commodities consultancy BigMint.

Prices of hot-rolled coil ranged between 50,250 rupees per metric ton to 51,250 rupees per metric ton, the consultancy said.

($1 = 90.1413 Indian rupees)

(Reporting by Neha Arora; Editing by Ronojoy Mazumdar)

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By Ross Kerber

Jan 7 (Reuters) - This is the weekly Reuters Sustainable Finance Newsletter, which you can sign up for here .

Happy 2026. Over the New Year holiday I read an advance copy of a book on U.S. President Donald Trump's leadership style, but I didn't expect just how central the topic would become with Saturday's capture of Venezuela's president by U.S. forces.

The timing paid off with the interview I did with the book's authors, which you can read about in this week's column below. The column contains a link for the publisher's website about the soon-to-be-published book.

This newsletter also includes coverage of an antitrust probe in India and what to look for at the Consumer Technology Association's annual CES trade show in Las Vegas, baby.

Just like last year, please follow me on LinkedIn and/or Bluesky. You can reach me via [email protected]

Venezuela capture follows 'Trump's Ten Commandments' by the book

U.S. President Donald Trump's order for the U.S. military to capture Venezuela's president over the weekend looks in line with many of his other recent moves, foregoing bipartisan agreements and international alliances in favor of direct actions carried out with murky or shifting justifications.

Trump's decision-making process and management style have remained consistent, say two Yale leadership scholars in a new book, Trump's Ten Commandments. They call the president's understanding of authority that of "a tribal chieftain blended with the necessary fluidity and creative chaos of a business entrepreneur." In other words, a family businessman who should not be underestimated.

You can read my interview with Yale's Jeffrey Sonnenfeld by clicking here, and don't miss the included video Q&A.

Company news

India's Tata Steel,TISC.NS JSW Steel JSTL.NS and 26 other firms colluded on prices in breach of the country's antitrust law, a competition watchdog found according to this Reuters EXCLUSIVE report.

Even as automakers cut back on plans for electric vehicles, auto suppliers and startups are heavily pitching AI-backed autonomous driving technology, according to our PREVIEW of the CES trade show in Las Vegas.

Controversies about big tech companies' depreciation schedules are worrying, according to this REUTERS OPEN INTEREST column, citing cases including at Nvidia NVDA.O and Oracle.ORCL.N

On my radar

The owners of Chinese AI system DeepSeek agreed to improved disclosures about "hallucinations" in order to end an investigation by Italian regulators.

Hilton Worldwide Holdings HLT.N said it kicked out of its system a Minneapolis hotel that had refused bookings from U.S. Immigration and Customs Enforcement agents.

(Reporting by Ross Kerber; Editing by David Gregorio)

(([email protected]; (617) 412 0093;))