Assets of overseas banks like Citibank, JPMorgan Chase and Deutsche Bank increased after falling in the previous year, data with the Indian Banks Association show.
"The company has decided to establish a sponsored Level 1 ADR programme in United States. The ADRs can be traded on the US OTC...This program is not for purpose raising capital in the US market," a Bharti Airtel spokesperson said during an investors' call today.
Although the Fed is keenly watching for some more evidence on the jobs market, the layoffs in the US have been at all time lows, says Glassman.in an interview to CNBC-TV18.
Fed is going to be cautious and will want to stimulate growth. Developed economies are doing better - the US economy, not quite yet, but trying to do better. All this is good news for growth outlook and hence investors are going to be more encouraged to go to risk assets.
James Glassman believes the Fed is talking about tapering only because they feel further asset purchases won‘t be necessary if the economy is on the process of recovering and if inflation picks up and if the job market continues to improve
Most equity markets have reacted positively to Friday's EU summit outcome. James Glassman, Senior Economist at JPMorgan Chase Bank feels the solution has been found for the short-term, but the euro zone has a long way to go for the investors to be certain and confident.
James Glassman, Senior Economist, JPMorgan Chase Bank in an interview to CNBC-TV18 said that the jobs data was disappointing although it wasn’t much of a surprise. Glassman expects the Federal Reserve to announce some new asset purchase programme in its next meeting.
In an interview with CNBC-TV18's Menaka Doshi, James Glassman, senior economist at JPMorgan Chase Bank discusses the implications of US downgrade.