GS is too
MUMBAI: US-Based Goldman Sachs, one of the largest and oldest investment banks in the world, is set to commence stock broking operations and advisory services in India, having received the requisite licences.
The Economic Times India Jan 9. 2007Goldman gets green light for stock broking
Jan. 10 (Bloomberg) -- NYSE Group Inc. and Goldman Sachs Group Inc. led a group of investors that agreed to buy 20 percent of the National Stock Exchange of India Ltd., tapping the world's second-fastest-growing major economy.
Goldman, the most profitable brokerage in Wall Street history, already owns a 7 percent stake in India's National Commodity & Derivatives Exchange Ltd. Goldman and the buyout firm General Atlantic were early investors in Archipelago and are currently among the top five shareholders of NYSE Group. NYSE, Goldman Invest in India's National Stock Market