Edition:
India

Sankalp Phartiyal

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

22 Jul 2017

Reliance rattles Indian telcos again by unveiling 'free' 4G phone

MUMBAI India's disruptive new mobile entrant Reliance Jio, backed by the country's richest man Mukesh Ambani, unveiled a low-cost 4G-enabled phone on Friday to woo tens of millions of new customers, further destabilising established telecoms players.

21 Jul 2017

Wipro announces up to $1.7 billion share buyback as second-quarter forecast disappoints

BENGALURU/MUMBAI Wipro Ltd, India's third-largest software services exporter, announced an up to 110 billion rupee ($1.71 billion) share buyback on Thursday, overshadowing a tepid revenue forecast that fell short of market expectations.

20 Jul 2017

Paytm aims to sell gold worth $200 million this year

BENGALURU/MUMBAI Paytm plans to sell 5 tonnes of gold valued around $200 million this year, the digital payments firm said on Friday, as it strives to develop a viable business from its e-wallet platform.

18 Jul 2017

E-tailer Flipkart ups odds of buying Snapdeal with raised bid - sources

MUMBAI E-commerce firm Flipkart's sweetened takeover offer of up to $950 million for Snapdeal has improved the chances of a deal between the two rivals, though some sticking points are still being hashed out, two sources familiar with the matter said.

14 Jul 2017

Calls for law change after Indians left in dark over data leaks

MUMBAI Fears Indian telecom upstart Reliance Jio suffered a major data breach, compromising the personal data of over 100 million customers, have prompted calls for India to adopt more robust laws to protect consumers.

14 Jul 2017

India's TCS sees big opportunity in manufacturing, life sciences

MUMBAI India's top IT services company Tata Consultancy Services Ltd (TCS) is moving to capitalize on growth opportunities in areas such as life sciences and manufacturing, Chief Executive Rajesh Gopinathan said on Friday.

14 Jul 2017

Tata Consultancy upbeat on client spending after first-quarter profit dip

MUMBAI/BENGALURU Top Indian software services exporter Tata Consultancy Services (TCS) said on Thursday it was optimistic about client spending on technology even as a cautious global environment and a stronger rupee dented first-quarter profit.

14 Jul 2017

Infosys manages slight first-quarter profit increase, labour costs cloud outlook

BENGALURU/MUMBAI Infosys Ltd, India's No. 2 software services exporter, eked out a slight rise in first-quarter profit, although the outlook for more earnings gains remains cloudy due to higher labour costs and unfavorable currency rates.

11 Jul 2017

Amazon wins India's approval to invest in domestic food retail

MUMBAI Online retail giant Amazon.com Inc has secured approval to stock and sell food and groceries in India, potentially expanding its business in the fast-growing economy where it is in a pitched battle with home-grown rival Flipkart.

05 Jul 2017

Indian e-commerce firm Snapdeal rejects rival Flipkart's initial bid: sources

MUMBAI India's No. 3 e-commerce firm Snapdeal has rejected an initial takeover offer from its larger rival Flipkart, but talks between the two camps that have been working on forging a deal for months continue, sources close to the matter said.

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