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 Mar 2018

Tata Steel offers $5.4 billion to take over bankrupt Bhushan Steel: source

MUMBAI Tata Steel has offered to pay a little more than 350 billion rupees ($5.4 billion) to lenders of Bhushan Steel & Power to take over the bankrupt steelmaker, a source with direct knowledge of the deal said.

21 Mar 2018

Interview: UltraTech says some Binani Cement creditors back its $1.1 billion bid

MUMBAI Top Indian cement maker UltraTech said on Tuesday it had secured backing from some creditors of Binani Cement to buy the firm for $1.1 billion outside of a bankruptcy process, a move that is testing India's new insolvency proceedings.

20 Mar 2018

Hindustan Aeronautics IPO hits turbulence

MUMBAI/BENGALURU Indian state-run Hindustan Aeronautics Ltd's initial public offering (IPO) of a 10 percent stake received a tepid response from investors who had subscribed for just 99 percent of shares, data released after Tuesday's deadline for bids showed.

20 Mar 2018

PNB bank woes spur Goldman to downgrade India's economic growth forecasts

MUMBAI/BENGALURU Investment bank Goldman Sachs downgraded its forecasts for India's economy on Tuesday in the wake of a more than $2 billion fraud at Punjab National Bank , warning it could spark tighter regulation of the banking sector that would constrain credit growth.

19 Mar 2018

Bandhan Bank draws strong interest for $690 million IPO

MUMBAI Bandhan Bank Ltd's initial public offering (IPO) to raise 44.73 billion rupees ($686 million) was subscribed nearly 15 times on Monday as the biggest market debut ever by an Indian bank drew strong interest, mainly from institutional investors.

19 Mar 2018

UltraTech offers to buy Binani Cement, tests India's new bankruptcy law

MUMBAI India's top cement maker UltraTech Cement Ltd on Monday offered $1.1 billion to buy Binani Cement Ltd days after a rival bid in what could be a test case for the country's fledgling bankruptcy process.

16 Mar 2018

India's October-December current account deficit widens sharply on higher imports

MUMBAI India's October-December current account deficit widened sharply from a year earlier, driven by higher imports, data from the Reserve Bank of India showed on Friday.

15 Mar 2018

India's PNB uncovers more fraud at troubled Mumbai branch

MUMBAI/NEW DELHI India's Punjab National Bank (PNB) has uncovered another credit-guarantee fraud within the Mumbai branch at the center of a similar scam worth over $2 billion, according to a complaint filed with the federal police.

15 Mar 2018

ICICI Securities IPO seeks up to $620 million, adding to a busy March

MUMBAI Indian brokerage ICICI Securities Ltd will launch an initial public offering next week in a sale that will raise its parent as much as 40.17 billion rupees ($620 million), adding to a busy month for first-time share sales in the country.

14 Mar 2018

Indian importers face funding crunch with clampdown on credit guarantees

MUMBAI The Reserve Bank of India's move to cut off a key form of trade finance in the aftermath of a multi-billion dollar fraud could both dent the rupee and sharply raise costs for many importers, bankers and traders said.


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