Edition:
India

Tanvi Mehta

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

20 Apr 2018

CORRECTED: China's Fosun becomes fourth suitor for troubled Fortis

(Corrects Fortis' PE ratio to 36.55 from 484 and that of Apollo to 39.52 from 72 in paragraph 16 in story from April 18)

20 Apr 2018

Fortis in five-way battle for control as KKR-backed firm makes offer

The battle for control of India's Fortis Healthcare Ltd intensified after KKR-backed Radiant Life Care Private Ltd entered the fray with an offer to buy more than a quarter of the cash-strapped company's hospital business.

16 Apr 2018

Fortis Healthcare's board to consider options amid takeover battle

MUMBAI/BENGALURU Fortis Healthcare Ltd said on Monday its board would meet on Thursday to consider options after the hospital company became the target of rival takeover bids.

13 Apr 2018

Infosys forecasts healthy growth, unwinds Sikka's acquisitions

MUMBAI/BENGALURU India's Infosys forecast healthy revenue growth on Friday as its new chief executive moved to put his stamp on the country's second-largest IT services firm with a new set of strategic priorities and plans to unwind deals done by his predecessor.

12 Apr 2018

India's Hero, Burman offer to invest in Fortis Healthcare

BENGALURU/MUMBAI India's Fortis Healthcare said on Thursday it had received an investment offer worth 12.5 billion rupees ($191.5 million) from Hero Enterprise Investment Office and the Burman Family Office.

28 Mar 2018

Manipal in deal to buy Fortis hospitals, set to face Fortis shareholder ire

BANGALORE/MUMBAI Manipal Hospitals Enterprises Private Ltd plans to buy troubled Fortis Healthcare Ltd's hospital business, but the deal is expected to run into opposition from Fortis minority shareholders whose shares plunged 14 percent on the news.

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.

16 Feb 2018

Fraud-hit lender PNB slides for third day

MUMBAI Stung by a $1.77 billion fraud, Punjab National Bank shares sank for a third day on Friday, with India's second largest state-run lender losing nearly a quarter of its market value since its shock disclosure earlier this week.

19 Jan 2018

Wipro upbeat on 2018 after quarterly profit dip

BENGALURU India's third-largest software services exporter Wipro expects significant growth in its high-margin digital business this year, it said on Friday after reporting a quarterly profit dip on one-off provisions.

13 Jan 2018

New Infosys CEO to set out priorities by April

BENGALURU The new chief executive of Infosys Ltd said he would lay out updated strategic priorities for India's second-biggest software services exporter by April after the company maintained its full-year revenue outlook.

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