Barclays plans to shut India equities business

January 4, 2016 4:10 PM

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MUMBAI Jan 4 Barclays Plc plans to shut its India equities business as part of the British bank's efforts to slash costs and boost profit, two sources with direct knowledge of the development said on Monday.

Barclays equities business in India, which was rolled out in 2011, includes research and broking services for institutional investors, and it employs about two dozen people, the sources told Reuters.

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