Citigroup (C) may cut up to a fifth of its 450 branches in India. Moreover, Citigroup may move some of it’s ATM branches to less expensive locations.
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Just like the overall market, Indian ADR’s have struggled since 2008 rolled in.
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The chart below tells us more than the performance of the US listed Indian stocks in 2007. What it tells us is just how strong the Indian economy is and the rise of the Indian consumer.
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Seems like Tata Motors (TTM) has emerged as the clear frontrunner in the ongoing bid for Land Rover and Jaguar.
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Click here to see the graph
Click here to see the graph
Click here to see the graph
Click here to see the graph