Edition:
India

Tanvi Mehta

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

11:49am IST

Sensex, Nifty rise; Jio tariff hike boosts telecom stocks

Indian shares rose on Monday as telecom stocks gained after Reliance Industries Ltd's unit Jio raised data tariffs last week, signalling more pricing discipline in the sector, while strong global markets also boosted sentiment.

17 Oct 2017

Wipro second-quarter profit beats estimates

India's third-largest software services exporter Wipro Ltd posted a better than expected second-quarter profit on Tuesday, adding that it would match industry growth rates by the fourth quarter.

12 Oct 2017

Tata Consultancy Services positive on retail business turnaround, cautious on financial services

MUMBAI/BENGALURU India's top IT services firm Tata Consultancy Services Ltd (TCS) said it expected an uptick in the retail business segment in the coming quarters but remained cautious about the banking and financial services segments that form the bulk of its revenues.

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.

10 Aug 2017

UAE's JBF RAK PET output stalls amid debt restructuring - COO

DUBAI/BANGALORE JBF RAK, a United Arab Emirates subsidiary of Indian polyester maker JBF Industries, expects to resume production of PET resin as soon as next month after financial problems in the group disrupted operations, a senior company official said.

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

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.

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.

07 Jun 2017

India's 10-year bond rallies on less hawkish RBI

MUMBAI/BENGALURU India's 10-year bonds rallied to their highest in nine weeks and banking shares rose to a record high after the central bank cut its inflation projection and issued a less hawkish statement, while lowering a key bond reserve lever for lenders.

31 Mar 2017

Shell plans to double Hazira LNG plant capacity - India head

Royal Dutch Shell Plc plans to double the capacity of its liquefied natural gas import facility at Hazira on India's west coast to 10 million tonnes a year, a top company executive said on Friday.

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