Tuesday, July 14, 1998
BPL Telecom plans overseas software development unit
BPL Telecom plans to set up a software development centre abroad. The company has identified US, among other markets, as the key area for setting up telecom software development centre.The operations of the unit will be handled by the US-based BPL Systems, a subsidiary of BPL Telecom.
Cipla in pact with Irish firm to market vet products
Mumbai-based Cipla has forged a strategic alliance with a $40 million Irish company, Chanelle, for marketing a range of human health and veterinary products in key European markets. This latest tie-up, while extending Cipla's coverage practically to all major international markets, may be followed up with a greenfield manufacturing facility there.
Cogentrix PPA may be reopened again
The financing of the Rs 4400-crore, 1000mw Mangalore power project of Cogentrix and CLP Power International will suffer a serious setback and its power purchase agreement (PPA) may now have to be re-opened for the fourth time. This follows the decision of the Union finance and power ministries to withdraw the counter-guarantee cover for monthly payments by the state electricity boards (SEBs) along with new norms like income-tax on bonus generation and tariff heat rate under the revised counter-guarantee terms for the fast-track power projects.
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