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Three Firms Approved for Operations in India

MUMBAI, INDIA-American International Group, JP Morgan Asset Management and one other firm receive regulatory approval from the Securities and Exchange Board of India to launch businesses in the country.

By Brian K. Miller | Updated on February 15, 2007

MUMBAI, INDIA-American International Group, JP Morgan Asset Management and Japan’s Mitsubishi UFJ Securities has each received regulatory approval from the Securities and Exchange Board of India to begin operations in the country.

AIG, the world’s biggest insurer, said today it expects to operate insurance, consumer finance, real estate development, aircraft leasing and asset management businesses within the country.

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