www.skpcrossborder.com February 13, 2004
Your eye to India-centric and International updates
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In the News
First International Financial Services Centre (IFSC) to take off in Mumbai
More Power added to Power Sector Reforms

Interesting Reads
Reserve Bank to get more FEMA related powers
FDI approvals could well go directly through the automatic route
Government handing more incentives for Special Economic Zones (SEZs)
Bangalore’s residential property development throwing up big opportunities

Quick Links
Govt extends tax breaks for SEZ units by 10 years
Indians can now hedge abroad
Mini Budget keeps the “feel good factor”

India Inc
- Investment briefs
India's first biotech incubation fund set up
Emaar to build luxury township near Hyderabada
Dell to open new centre in Chandigarh
Reliance buys US Flag Telecom for Rs 950 crore
Kinetic Motors ties up with Italian Italjet
TVS plans $ 133 m investment over 3 years
Sun Pharma in talks for second US acquisition
i-flex sets up holding co in US to drive acquisitions

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