Edition:
India

Abhirup Roy

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 Feb 2018

Bank executive among six remanded in $1.8 billion PNB fraud probe

MUMBAI/NEW DELHI A court on Wednesday remanded six people including a general manager at state-run Punjab National Bank (PNB) in police custody for nearly two weeks, after the latest arrests in a probe into an alleged $1.8 billion fraud.

11 Feb 2018

Tough choice for foreign investors after Indian bourses rein in trading abroad

MUMBAI/SINGAPORE A move by Indian exchanges to stop licensing its products and data to bourses abroad will likely force foreign investors into a tough option: migrate their trading onshore to India, with its uncertain regulatory environment and higher taxes, or give up their exposure to a hot emerging market.

10 Feb 2018

Indian bourses to stop licensing index, stock prices to foreign exchanges

MUMBAI India's three main stocks exchanges said on Friday they would stop licensing their indexes and securities or providing data to foreign exchanges, saying such agreements had led trading to migrate outside of the country.

07 Feb 2018

RBI liquidity operations not meant to manage bond prices: Viral Acharya

MUMBAI/NEW DELHI The objective of the liquidity operations conducted by the Reserve Bank of India (RBI) are not to manage the price of bonds, but to drive its monetary policy goals, Deputy Governor Viral Acharya, said on Wednesday after the central bank's monetary policy meeting, damping expectations of bond purchases by the central bank.

07 Feb 2018

Foreign investors fret over India's surprise capital gains tax

MUMBAI Minutes after India's surprise announcement of a 10 percent long-term capital gains tax on equities, Rakshit Sethi's inbox began filling with emails from worried foreign investors. Sethi, managing director at investment firm Fair Value Capital, could offer few words of comfort.

31 Jan 2018

Budget to test investors' faith in Modi's government

MUMBAI Since his election four years ago, Indian markets have welcomed Prime Minister Narendra Modi's campaign to mend patchy public finances and develop new areas of growth in Asia's third largest economy.

11 Jan 2018

PwC to fight SEBI audit ban to limit franchise impact

MUMBAI Price Waterhouse will contest a two-year auditing ban by Securities and Exchange Board of India (SEBI) over a fraud nearly a decade ago at a company it audited, but even if it succeeds in preventing the move Indian business experts expect damage to the auditor's business.

11 Jan 2018

Indian regulator bars Price Waterhouse from auditing listed firms for 2 years

MUMBAI, Jan 11 India's capital market regulator late on Wednesday barred Price Waterhouse from auditing listed companies in the country for two years, after a probe into a nearly decade-old accounting fraud case in a software services company that became India's biggest corporate scandal.

05 Jan 2018

China's CDB withdraws insolvency petition against RCom

MUMBAI China Development Bank (CDB), the biggest foreign lender to Reliance Communications Ltd (RCom), on Friday withdrew a petition seeking to drag the indebted telecoms carrier into insolvency.

30 Dec 2017

SEBI faces legal challenge in probe over prescient messages

MUMBAI A series of raids by India's market regulator, investigating whether corporate announcements were prematurely leaked by market participants in social media chatrooms, were the largest it has conducted.

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