The New York Stock Exchange is not the only entity that is willing to bet on India. Goldman Sachs has apparently won licenses to operate stock brokerage and advisory services in the country. The firm has been on an expansion kick recently. Already, it has a staff of about 60 in Mumbai. It has also made some investments and hired various investment specialists. The main emphasis will likely remain on private equity activity, but brokerage and advisory loom as future initiatives--a good way to get going in other areas. We'll likely see other global investment banks take similar steps. Not a bad way to build a brand with the investing class.

For more:
- here's an article from The Economic Times
- Goldman also went international with its China deals. Article