Edition:
India

Swati Bhat

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

17 Jan 2018

Government cuts extra borrowing but markets still nervous

MUMBAI/NEW DELHI India has cut its additional market borrowing requirement for the current fiscal year by 60 percent after reviewing trends in revenue receipts and expenditure patterns, the finance ministry said on Wednesday, sending bond yields sharply lower.

16 Jan 2018

Bonds slump after RBI deputy warns of banks' high interest rate risks

MUMBAI Indian bonds slumped to a near two year low on Tuesday after a central bank deputy governor highlighted growing balance sheet risks for state banks due to their high exposure to government securities.

29 Dec 2017

Rooftop restaurant fire in Mumbai kills 14 during birthday party

MUMBAI Fire swept through a rooftop restaurant in the Indian financial hub of Mumbai early on Friday, killing at least 14 people, most of them women attending a birthday party, including the celebrant who had just turned 28, police and family said. | Video

29 Dec 2017

Fire in India's financial capital kills at least 12

MUMBAI, Dec 29 At least 12 people died and 13 were injured in a late night fire at a multi-storey building in India's financial capital of Mumbai, a hospital official said on Friday.

28 Dec 2017

Indian benchmark bond slumps as higher borrowing raises inflation concerns

MUMBAI India's benchmark 10-year bond slumped to a nearly 18-month low on Thursday, sending its yield up as much as 17 basis points, after the government flagged additional borrowing for the year ending in March that far exceed market expectations.

07 Dec 2017

RBI holds rates, eyes inflation and rebounding growth

MUMBAI The Reserve Bank of India kept its policy rate steady on Wednesday, as widely expected, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary stimulus.

25 Nov 2017

S&P affirms India's rating at 'BBB-minus' with 'stable' outlook

MUMBAI Standard & Poor's stuck with its "BBB-minus" sovereign rating and "stable" outlook for India on Friday, declining to follow Moody's recent decision to upgrade the country's rating, citing low income levels, high debt and weaker government finances.

20 Nov 2017

Indian bond yields fall after RBI cancels open market sale of debt

MUMBAI Indian bond yields fell for the second straight day on Monday as traders took comfort from the central bank's unexpected decision to cancel a scheduled sale of bonds via open market operation (OMO) post market hours on Friday.

17 Nov 2017

HDFC Life shares buck trend, soar on debut after $1.3 billion IPO

MUMBAI HDFC Standard Life Insurance Co's shares soared by more than a fifth in their trading debut on Friday after a $1.3 billion initial public offering, bucking a trend of tepid market debuts by Indian insurers due to worries over their valuations.

13 Nov 2017

New India Assurance shares slide on market debut after $1.5 billion IPO

MUMBAI New India Assurance Co Ltd's shares tumbled 9 percent in their trading debut on Monday after a $1.5 billion initial public offering (IPO), casting a shadow over the government's plans to list three other state-run insurers.

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