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.

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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.

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Also approved for operations was Mitsubishi UFJ Securities, theinvestment banking and brokerage arm of Japan's largest financialgroup.

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