Foreign players bullish on India equity broking business

At a time when most brokerages in this country are struggling due to shrinking cash market volumes and low commission, several foreign firms are betting big on India. Foreign majors such as Daiwa, Jefferies, Barclays, RBS, Espirito Santo and Newedge have hired senior and mid-level executives in the past three months and plan to add more, to get part of the pie in Indian stock broking

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