MUMBAI: Bloomberg has announced opening of its new office in Mumbai. The move has more than tripled the size of its office, which accommodate increased customer support for its customer base in India and an expanded news reporting operation that has doubled the number of its reporters in the last two years, the company said.

The Bloomberg Professional service, which it claims is used by more than 300,000 of the world's leading business and financial professionals, is bringing further transparency to India's growing financial services sector.

The Bloomberg Professional service provides real-time access to the data, analytics and local and global financial news and market data analysis, as well as portfolio management tools, electronic trading and order management systems.

"We experienced 18 per cent growth in India last year alone, and we are investing in our India operations to continue this expansion and deliver our trusted financial news, data and analytics to India's increasingly important financial sector," said Bloomberg chairman Peter Grauer.