Finance ministry reworking strategic sale procedure for CPSEs

The finance ministry is reworking strategic sale procedure to ensure outright sale of CPSEs within 4 months of issuance of documents to potential investors, a move aimed at ensuring speedier conclusion of the entire process, an official said. However, for CPSEs like Air India, which are relatively bigger in size, the timeline for completion of strategic sale is likely to be fixed at 6 months from the date of issuance of Preliminary Information Memorandum (PIM) about the company. Currently, there is no set timeline for concluding strategic sale of a state-owned company and…

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Samsung, Qualcomm Sign Multi-Year Strategic Relationship Agreement

HIGHLIGHTS Qualcomm and Samsung have signed a multi-year strategic agreement The two companies are set to work together in mobile device market Both also separately expanded their global patent cross-license agreement Qualcomm on Thursday announced that it has signed a multi-year strategic relationship agreement with Samsung to work together in the growing market of mobile devices. The latest partnership is aimed at supporting various technology areas across a range of mobile devices and expands the existing relationship between the two companies to enable them to work together on the transition to 5G. Qualcomm and…

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Despite closer strategic ties, Australia advisory discourages travel to India

Australia may be considering India a priority country in its international relationship as the two nations move towards closer strategic and security cooperation following Prime Minister Malcolm Turnbull’s just-concluded visit to India, but in its official travel advisory Australia continues to flag India as a travel destination that warrants a “high degree of caution” . In fact, an intending Australian traveller to India may be well discouraged from planning a visit to the country — or even cancelling a planned visit — if he or she were to read all…

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