INDIA
<i> Times Staff and Wire Reports</i>
Path Cleared for Foreign Brokerages: The Securities and Exchange Board has approved Merrill Lynch, Oppenheimer, Bear Stearns and several other foreign brokerages to do business in India, news reports said. Others that gained market clearance include Nikko Securities, Kleinwort Benson Securities, Barclays De Zoete Wedd, Standard Chartered Securities and Peregrine Brokerage.
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