www.skpcrossborder.com November 29, 2003 Your eye to India-centric and International updates Email to a friend I would like to send this newsletter to a friend.   Send to Name Email address Sent from Name Email address   In the News RBI allows foreign banks to remit profit every quarter Proposed Amendment to FDI rules in the offing Interesting Reads Plans to revitalize maritime industry to set sail !! Special Economic Zones to get some more special concessions!! Comprehensive guidelines on External Commercial Borrowings introduced Services paid for in foreign exchange exempt from service tax again ! Quick Links Threshold limits for service tax exemptions to go Pune turning out to be a favourite IT destination India’s highways to have state of the art vehicle tracking systems India Inc - Investment briefs Vedanta Resources to raise $ 700 mln through LSE public offering Godrej’s Lawkin Upstream to acquire Upstream LLC ICICI Bank launches a subsidiary in UK HSBC to move high value jobs to its BPO Centres in Asia SSA global to increase staff strength General Motors opens R&D Centre in Bangalore Sun Microsystems to expand operations in India Hyundai Motor to invest $200-250m in its Chennai facility Marriott International Inc, plans expansion of Call Centre operations in India Nike Inc. to set up a subsidiary in India Swiss UBS to set up a BPO in India India- next export hub for AC-maker Hitachi World Bank to explore back office processing options in Chennai Faber Spa increases equity stake in Indian Subsidiary- Faber Heatkraft Hope you enjoyed this edition of ‘eye to I’ Please feel free to mail us - - any suggestions / comments that would help us enhance this e-supplement - requests for further information or advice - a request to meet © 2003 SKP Crossborder Consulting Pvt Ltd Email to a Friend | Unsubscribe | Feedback | Disclaimer