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

09 Jul 2018

NCLT dismisses ousted Chairman Cyrus Mistry's petition against Tata Sons

MUMBAI An Indian tribunal dismissed on Monday a petition by former Tata Sons Chairman Cyrus Mistry who had alleged oppression of minority shareholders and mismanagement, giving the $100 billion conglomerate an initial win in a drawn-out feud.

04 Jul 2018

Exclusive: PNB to shutter most operations in fraud-hit Mumbai branch - sources

MUMBAI The Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.

03 Jul 2018

EXCLUSIVE-India's PNB to shutter most operations in fraud-hit Mumbai branch - sources

MUMBAI, July 3 India's Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.

28 Jun 2018

Jet Airways says new Boeing 737 MAX aircraft to reduce costs

MUMBAI Jet Airways Ltd, India's biggest full-service carrier, on Thursday said its new Boeing 737 MAX 8 aircraft will enhance efficiency and reduce costs, a move that is likely to help the airline bring down losses and improve competitiveness.

21 Jun 2018

SEBI to act against entities in NSE probe over servers

MUMBAI The Securities and Exchange Board of India (SEBI) said on Thursday it will initiate action against entities and individuals following an investigation at the National Stock Exchange (NSE) into whether high frequency traders were getting unfair access to some network servers at the exchange.

20 Jun 2018

Exclusive: Lapses at many levels of bank led to India's huge PNB fraud, internal report shows

MUMBAI/NEW DELHI A $2 billion fraud at India's Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the bank's own internal probe has found.

18 Jun 2018

ICICI Bank names Bakhshi interim head as CEO Chanda Kochhar goes on leave during probe

MUMBAI ICICI Bank named group veteran Sandeep Bakhshi as its interim head, and said Chief Executive Chanda Kochhar would go on leave pending the completion of a probe over an alleged conflict of interest that has led to months of controversy for the lender.

16 Jun 2018

Singapore Exchange to continue SGX Nifty trade despite India dispute

MUMBAI The Singapore Exchange (SGX) said on Saturday a court-appointed arbitrator had told it to continue listing and trading SGX Nifty contracts beyond August 2018, during a dispute resolution with India's National Stock Exchange (NSE).

08 Jun 2018

India mulls company to deal with banks' stressed assets

MUMBAI India has set up a panel of experts to explore mechanisms for resolving the burgeoning bad debts plaguing its financial sector, the interim Finance Minister Piyush Goyal said on Friday.

24 May 2018

SEBI eases foreign investors' access to international finance hub

MUMBAI The Securities and Exchange Board of India (SEBI) eased rules for foreign investors to trade in securities at a new international finance centre, stepping up competition with markets such as Singapore and Dubai that are seen as more investment-friendly.

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