Edition:
India

Devidutta Tripathy

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

21 Aug 2017

Tata Motors CEO says to invest $625 million to boost sales

MUMBAI Tata Motors will invest more than 40 billion rupees ($625 million) to boost sales of its passenger and commercial vehicles, its chief executive said on Monday, as the Indian automaker looks to return to profit in its domestic business.

11 Aug 2017

State Bank of India first-quarter results weighed down by subsidiary bank mergers

State Bank of India's first-quarter profit fell short of expectations as the nation's top lender by assets saw a spike in bad loans after merging five subsidiary banks with itself, sending its shares more than 5 percent lower.

27 Jul 2017

ICICI Bank seeing 'positive' trend on bad loans

MUMBAI ICICI Bank Ltd said it was optimistic about containing its bad loans after the three months to June saw the smallest rise in soured assets for seven quarters.

27 Jul 2017

Axis Bank agrees to buy payments wallet provider FreeCharge for $60 million

MUMBAI Axis Bank Ltd, India's seventh-biggest lender by assets, said on Thursday it had agreed to buy mobile payments wallet provider FreeCharge from e-commerce company Snapdeal for 3.85 billion rupees ($60.04 million).

24 Jul 2017

HDFC Bank awaits farm loan waiver details after higher first-quarter provisions

MUMBAI/BENGALURU HDFC Bank Ltd said it was waiting for details on farm loan waiver plans announced by several states, after recording higher provisions driven by delinquencies in its agriculture loan book over the first quarter.

21 Jul 2017

The debt threat lurking behind India's zombie power plants

MUMBAI In the central Indian village of Raikheda, the construction of a thermal coal power plant once promised jobs and economic progress.

14 Jul 2017

ICICI Lombard files for first Indian IPO by a non-life insurer

MUMBAI ICICI Lombard General Insurance Co Ltd has filed for an initial public offering (IPO) of shares in what would be the first IPO by a non-life insurance company in Asia's third-largest economy.

11 Jul 2017

First test of India's new bankruptcy law offers cautionary tale

MUMBAI In January, Innoventive Industries, a speciality steelmaker based in western India, was forced into the bankruptcy court by its lenders, testing for the first time new insolvency rules that aim to resolve India's $150 billion bad debt overhang.

23 Jun 2017

Essar Oil's creditors approve $12.9 billion Rosneft takeover: sources

MUMBAI Creditor banks to India's Essar Oil approved the acquisition of the company by a group including Russia's Rosneft, two sources familiar with the matter said, removing a key hurdle to the $12.9 billion deal that has been in the works for two years.

16 Jun 2017

Bhushan, Essar Steel among 12 firms being moved to insolvency courts - sources

MUMBAI The Reserve Bank of India (RBI) has asked lenders to initiate bankruptcy proceedings against a dozen companies, including Essar Steel, Bhushan Steel Ltd, Monnet Ispat and Energy Ltd, sources with direct knowledge of the matter said.

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