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India

Rajendra Jadhav

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

8:19am IST

Exclusive: PNB adopts strict SWIFT controls after mega fraud case

MUMBAI India's state-run Punjab National Bank has stepped up its controls on the use of global payments network SWIFT following an alleged $1.77 billion fraud, according to memos issued this month and seen by Reuters.

17 Feb 2018

Three held as $1.8 billion fraud ripples through Indian banks

NEW DELHI/MUMBAI The Central Bureau of Investigation (CBI) detained two employees of Punjab National Bank, the state-run lender that says it has been the victim of a $1.77 billion fraud, in the first arrests in a fast-widening probe into the country's biggest-ever bank scam.

16 Feb 2018

Nirav Modi, India's jeweller to Hollywood stars, accused of massive bank fraud

MUMBAI/NEW DELHI Nirav Modi's name is a stamp of corporate India's growing global prestige. On Hollywood red carpets, his diamonds have sparkled on the necklines and dangled from the earlobes of actors and models like Kate Winslet, Dakota Johnson and Rosie Huntington-Whiteley.

16 Feb 2018

India gold swings to discount as price jump hurts demand

BENGALURU/MUMBAI Physical gold was sold at a discount in India this week for the first time in three weeks as demand for the metal slumped due to a jump in local rates, while the Lunar New Year holiday capped buying at the end of the week elsewhere in Asia.

16 Feb 2018

India's jeweler to Hollywood stars, now accused of massive bank fraud

MUMBAI/NEW DELHI Nirav Modi's name is a stamp of corporate India's growing global prestige. On Hollywood red carpets, his diamonds have sparkled on the necklines and dangled from the earlobes of actors and models like Kate Winslet, Dakota Johnson and Rosie Huntington-Whiteley.

15 Feb 2018

NEWSMAKER-India's jeweller to Hollywood stars, now accused of massive bank fraud

MUMBAI/NEW DELHI Feb 15 Nirav Modi's name is a stamp of corporate India's growing global prestige. On Hollywood red carpets, his diamonds have sparkled on the necklines and dangled from the earlobes of actors and models like Kate Winslet, Dakota Johnson and Rosie Huntington-Whiteley.

15 Feb 2018

PNB detects $1.77 billion fraud in latest India bank case

MUMBAI India's Punjab National Bank (PNB) has detected fraudulent transactions worth $1.77 billion at a single Mumbai branch in a case that could affect more banks and raise fresh questions about lending procedures at Indian banks mired in soured debt.

09 Feb 2018

Asia gold price dip perks up demand ahead of festive, wedding seasons

BENGALURU/MUMBAI Physical gold demand in Asia picked up towards the end of the week, as a pullback in prices spurred purchases ahead of the Lunar New Year in China and the wedding season in India.

06 Feb 2018

India's Maharashtra proposes buying quarter of state sugar to support prices

MUMBAI India's second-biggest sugar producer Maharashtra plans to buy a quarter of the state's output to arrest falling prices for the sweetener, a state minister told Reuters, a move that would require $1 billion and leave mills to cover storage costs.

06 Feb 2018

India's 2018 gold demand forecast as high as 800 tonnes, below 10-year average - WGC

MUMBAI Gold demand in India is likely to remain below its 10-year average for a third year in 2018 as higher taxes and new transparency rules on purchases may cap last year's rebound in buying, the World Gold Council (WGC) said on Tuesday.

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