AIG, the world's biggest insurer, said today it expects tooperate insurance, consumer finance, real estate development,aircraft leasing and asset management businesses within thecountry.
JP Morgan received regulatory approval to enter the mutual fundbusiness in India, which has reportedly grown at a compound annualgrowth rate of more than 26% in the last five years. The companyplans to file next week the offering for a diversified equityfund.
Also approved for operations was Mitsubishi UFJ Securities, theinvestment banking and brokerage arm of Japan's largest financialgroup.
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