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

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.

14 Jun 2017

RBI says banks must start bankruptcy proceedings against 12 major defaulters

MUMBAI The Reserve Bank of India (RBI) has identified 12 of the country's biggest loan defaulters and said creditors must pursue bankruptcy proceedings against them, as it begins to cut the $150 billion in stressed debt hobbling Asia's third-largest economy.

12 Jun 2017

India close to listing loans to resolve via bankruptcy rules - Arun Jaitley

NEW DELHI/MUMBAI The Reserve Bank of India (RBI) is at an advanced stage of preparing a list of bad loans where resolution is required under the country's insolvency and bankruptcy rules, Finance Minister Arun Jaitley said on Monday.

09 Jun 2017

SBI says $2.3 billion share sale satisfies capital needs for at least a year

MUMBAI State Bank of India said on Friday it may not need to tap equity markets for at least another year as its capital ratios will strengthen in the wake of this week's $2.3 billion share sale.

05 Jun 2017

SBI on course to raise $2.3 billion in record share sale to institutions

MUMBAI/SINGAPORE Top Indian lender State Bank of India's share sale to institutional investors to raise as much as $2.33 billion was fully covered within hours of the launch on Monday, three sources with direct knowledge said.

05 Jun 2017

After debt reprieve, pressure on RCom to close asset deals

MUMBAI Mobile carrier Reliance Communications won breathing room after receiving a seven-month loan reprieve from lenders, but will now need to reassure investors it can accomplish two deals critical to reducing its heavy debt.

02 Jun 2017

RCom gets reprieve on its debts until end 2017

MUMBAI Anil Ambani, chairman of India's Reliance Communications, said on Friday its lenders had agreed to a plan which gives the company a reprieve on its loans until the end of the year, providing a much-needed breathing space.

02 Jun 2017

Billionaire Anil Ambani to address media as RCom reels

MUMBAI Indian tycoon Anil Ambani, who controls Reliance Communications , is due to hold a media briefing on Friday in a bid to reassure investors after worries over the mobile carrier's heavy debt load rattled markets and triggered ratings downgrades.

29 May 2017

Reliance Communications' shares and bonds plunge as losses and debt woes mount

MUMBAI Indian mobile carrier Reliance Communications' shares and bonds resumed their slide on Monday as concerns over its heavy debt load were reignited after a fourth-quarter loss that sent the company to its first full-year loss.

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