Krishna V Kurup
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
Indian shares rose on Thursday, driven by IT stocks such as Infosys Ltd and Tata Consultancy Services Ltd on the back of a weak rupee.
Tata Steel Ltd was helped to a quarterly profit of 146.88 billion rupees ($2.17 billion) by a one-off pensions gain, in contrast with an 11.68 billion rupee loss a year earlier.
MUMBAI India's Punjab National Bank has told police it has uncovered additional exposure of about 9.42 billion rupees ($145.2 million) in connection with a huge alleged fraud, according to a court filing seen by Reuters.
MUMBAI India's Reliance Communications Ltd (RCom) said on Tuesday it had appealed at the Bombay High Court against a ruling by an arbitration tribunal that barred the indebted firm from selling assets without the tribunal's permission.
MUMBAI State Bank of India, the nation's top lender by assets, reported a surprise third-quarter net loss on higher bad-loan provisions and lower trading income, but it said it expected an improvement in performance in the next financial year.
MUMBAI/BENGALURU Reliance Industries Ltd expects its earnings to increase further in the coming quarters after they hit a record in the third quarter, helped by the first-ever profit at its Jio telecoms business.
MUMBAI Two of India's biggest private-sector lenders - HDFC Bank Ltd and Kotak Mahindra Bank Ltd - each reported a 20 percent rise in third-quarter net profit on Friday due to strong lending growth and as bad loans remained stable.
BENGALURU Software services company Infosys Ltd reported a larger-than-expected quarterly profit but trimmed its revenue forecast for the year, sending its U.S.-listed shares tumbling as much as 5 percent in early trade on Tuesday.
Indian shares ended higher on Friday clocking their third straight weekly gain, as a weaker-than-expected economic growth data raised hopes the central bank would cut interest rates in October.
Indian shares fell on Tuesday and were set to snap four consecutive sessions of gains as the firing of a missile over Japan by North Korea rattled investors, while the expiry of local derivatives contracts this week also hit sentiment.