JPMorgan Securities Unit to Set Up Branch in India Financial Hub
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JPMorgan Chase's London-based unit has received a license to establish a branch in Gujarat's GIFT City, aimed at enhancing its presence in India's financial hub. The branch will facilitate trading in equities, derivatives, and other financial instruments. GIFT City offers tax incentives to attract global banks and financial firms, with other major banks like HSBC and Standard Chartered also expanding their operations there.
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