Edition:
India

Vishal Sridhar

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

22 May 2018

State Bank of India sees rebound after record $1.1 billion fourth-quarter loss

MUMBAI State Bank of India (SBI) projected a recovery over the next two years after a record 77.18 billion-rupee ($1.13 billion) fourth-quarter net loss following stricter central bank rules around bad loans, sending its shares to a nearly six-week closing high.

15 May 2018

Fraud-hit PNB suffers biggest ever quarterly loss for an Indian bank

MUMBAI/BENGALURU Punjab National Bank (PNB) reported a 134.17 billion-rupee ($1.98 billion) fourth-quarter net loss on Tuesday, the biggest ever by an Indian lender as the state-run bank booked provisions to cover a massive fraud.

12 May 2018

Bad loans push four Indian state banks to combined $1.74 billion fourth-quarter loss

BENGALURU/MUMBAI Four Indian state banks reported on Friday a combined net loss of 117.29 billion rupees ($1.74 billion) for the fiscal fourth quarter due to a jump in bad-loan provisions following a tightening of the Reserve Bank of India rules.

07 May 2018

ICICI Bank posts smallest quarterly profit in two years on bad loan surge

MUMBAI ICICI Bank reported its smallest quarterly profit in two years on Monday as stricter RBI rules forced the country's third-biggest lender by assets to account for more bad loans.

07 May 2018

Two suitors for Fortis raise bids by Tuesday deadline

BENGALURU/MUMBAI Cash-strapped Indian hospital operator Fortis Healthcare Ltd said on Tuesday that two of its five suitors had boosted their bids to invest in the company as of a deadline for binding offers on Tuesday.

03 May 2018

InterGlobe Aviation plunges to seven-month low on dismal earnings

BENGALURU Shares of InterGlobe Aviation Ltd plunged nearly 20 percent on Thursday to a seven-month low and wiped out 101.13 billion rupees ($1.52 billion) in market capitalisation after the owner of India's biggest carrier IndiGo reported dismal quarterly earnings.

26 Apr 2018

Axis Bank dragged to first quarterly loss by bad loans

MUMBAI India's Axis Bank Ltd reported its first ever quarterly loss on Thursday after a surge in bad loans, capping a troubled year for the country's third-biggest private sector lender by assets.

25 Apr 2018

India's Bharti Infratel, Indus merging to form $14.6 billion telecom tower giant

BENGALURU/MUMBAI India's Bharti Infratel Ltd has agreed to merge with Indus Towers, in a deal that creates the world's No. 2 telecom tower company with an estimated equity value of $14.6 billion.

23 Apr 2018

TCS hits $100 billion in market cap

BENGALURU Tata Consultancy Services Ltd (TCS) on Monday became the first Indian technology company to hit the $100 billion market capitalisation mark, riding on the back of record quarterly profit and a weaker rupee.

13 Apr 2018

Sensex, Nifty head for longest winning streak since November

Indian shares rose for a seventh straight session on Friday, in what could be their longest winning streak since November 2017, on the back of gains in index heavyweights such as Reliance Industries Ltd and ICICI Bank Ltd.

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Sensex 34,344.91 -306.33 -0.88%
Nikkei 22,689.74 -270.60 -1.18%
Hang Seng 30,665.64 -568.71 -1.82%
EUR/INR 79.916 -0.04%
USD/INR 68.310 -0.07%
GBP/INR 91.214 -0.01%
Gold 1,291.70 +0.00 +0.00%
Oil 67.50 -3.21 -4.54%
Corn 406.50 +2.25 +0.56%