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Devidutta Tripathy

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

13 Jan 2018

IDFC Bank to buy Warburg-backed Capital First in $1.5 bln stock deal

MUMBAI IDFC Bank Ltd, one of India's two newest banks, will acquire non-bank financial firm Capital First Ltd in a share swap deal valued at about $1.5 billion as it looks to boost its retail lending activities.

11 Jan 2018

PwC to fight SEBI audit ban to limit franchise impact

MUMBAI Price Waterhouse will contest a two-year auditing ban by Securities and Exchange Board of India (SEBI) over a fraud nearly a decade ago at a company it audited, but even if it succeeds in preventing the move Indian business experts expect damage to the auditor's business.

10 Jan 2018

Indian regulator bars Price Waterhouse from auditing listed firms for 2 years

MUMBAI, Jan 11 India's capital market regulator late on Wednesday barred Price Waterhouse from auditing listed companies in the country for two years, after a probe into a nearly decade-old accounting fraud case in a software services company that became India's biggest corporate scandal.

05 Jan 2018

China's CDB withdraws insolvency petition against RCom

MUMBAI China Development Bank (CDB), the biggest foreign lender to Reliance Communications Ltd (RCom), on Friday withdrew a petition seeking to drag the indebted telecoms carrier into insolvency.

29 Dec 2017

India's 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 (£2.78 billion), two sources familiar with the matter told Reuters on Friday.

22 Dec 2017

India's record share sales bring banks little cheer in the way of fees

MUMBAI/HONG KONG Funds raised in India through share sales reached the most in a decade this year thanks to booming stock markets, but the rush to raise capital while investor sentiment remained bullish pushed dealmakers' fee ratio to multi-year lows.

19 Dec 2017

Mortgage lender HDFC unveils $2 billion fundraising plan

MUMBAI Indian mortgage lender Housing Development Finance Corp Ltd said on Tuesday it would raise as much as 130 billion rupees ($2.03 billion) by selling shares or convertible bonds mainly to maintain its stake in HDFC Bank.

06 Dec 2017

RBI Governor Urjit Patel says state bank recap to be supplemented by reforms

MUMBAI Stronger state-run banks will get priority in India's more than $32 billion plan to recapitalise the lenders, Reserve Bank of India (RBI) governor Urjit Patel said on Thursday, adding the programme will accompany broader reforms.

05 Dec 2017

Exclusive - More Chinese lenders plan to pursue RCom in insolvency court: sources

HONG KONG/MUMBAI/BEIJING Two major Chinese lenders plan to support a move by China Development Bank to put Indian wireless carrier Reliance Communications (RCom) into insolvency court as they seek to recover about $2 billion (£1.5 billion) in debt, said three people with knowledge of the matter.

30 Nov 2017

RCom says majority of creditor banks oppose CDB insolvency petition

MUMBAI Debt-laden Indian wireless carrier Reliance Communications (RCom) on Thursday said that a majority of its 31 creditor banks have decided to oppose China Development Bank's (CDB) insolvency petition against the company.

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