Edition:
India

Promit Mukherjee

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

06 Feb 2018

ArcelorMittal to exit India's Uttam Galva to make way for new steel bids

MUMBAI ArcelorMittal is set to sell its entire stake in India's Uttam Galva Steels to the company's founders at less than the market price of the stock, a member of Uttam Galva's founding Miglani family told Reuters on Tuesday.

05 Feb 2018

JSW Steel, Tata Steel among suitors for Bhushan Steel: sources

MUMBAI Indian steelmakers JSW Steel and Tata Steel have bid for Bhushan Steel & Power which is being pursued by creditors in bankruptcy court, three people familiar with the bidding process said on Monday.

23 Jan 2018

India's oil ministry seeks cut in excise duty on petrol, diesel in budget

NEW DELHI/MUMBAI India's oil ministry is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials told Reuters on Monday.

22 Jan 2018

ONGC shares rise on deal to buy majority stake in HPCL

MUMBAI Shares of Oil and Natural Gas Corp Ltd jumped as much as 6.3 percent on Monday after the explorer said it would buy a majority stake in refiner Hindustan Petroleum Corp Ltd for a smaller premium than expected.

19 Jan 2018

Reliance expects earnings boost as telecoms arm turns a profit

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.

16 Jan 2018

PM Modi launches $6.8 billion refinery in Rajasthan

BARMER, INDIA Indian Prime Minister Narendra Modi on Tuesday launched the construction of a $6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand.

11 Jan 2018

Tata Consultancy Services hopeful of insurance business rebound

MUMBAI/BENGALURU Tata Consultancy Services (TCS) Ltd, India's top IT services firm, said its insurance services business would soon post faster growth thanks to higher client spending but remained cautious on a turnaround in its key banking segment.

31 Dec 2017

CBFC clears Bollywood movie 'Padmavati', objectors say protests to continue

MUMBAI India's censors on Saturday cleared a controversial film backed by Viacom Inc that looks into the relationship of a Hindu queen and a Muslim ruler, after suggesting some modifications.

29 Dec 2017

Reliance Jio to buy RCom's wireless assets in $3.75 billion deal: sources

MUMBAI Debt-laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm for nearly 240 billion rupees ($3.75 billion), two sources familiar with the matter told Reuters on Friday.

27 Dec 2017

RCom's shares jump again on debt plan but unclear if all creditors on board

MUMBAI Reliance Communications Ltd's shares soared for a second straight day on Wednesday after the Indian wireless carrier detailed a plan to cut its hefty debt load but it was not immediately clear if all key creditors were on board.

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