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Australia, India sign MoU for joint research, teaching

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Hyderabad: Australia’s Deakin University and the Indian School of Business (ISB) have signed a memorandum of understanding (MoU) for joint research and teaching.

They will collaborate in the areas of research, teaching, student exchange programmes, internationalising the curriculum of business programmes offered by ISB and Deakin Business School, and in development of innovative approaches to meeting international accreditation standards.

Deakin Business School (DBS) dean Michael Ewing and ISB senior associate dean, Faulty and Research, Sridhar Seshadri signed the MoU.

The MoU has been signed for an initial period of three years.

“The faculty have visited each other’s institutions on a few occasions already and we recently successfully piloted a joint, synchronous case study, whereby ISB and DBS students analysed the same case study in real-time,” said Ewing.

According to him, this is an innovative approach to enable authentic cross-cultural interaction for geographically-dispersed students.

“This is a great opportunity for us to expand the frontiers of research globally with a like-minded partner,” said Sridhar Seshadri.

(IANS)

 

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Reliance Communications (RCOM) forms Agreement with Veecon Media, Sells Reliance Big TV

Reliance Communications formed a MOU with Veecon Media and Television Ltd to sell off its subsidiary Reliance BIG TV Ltd (RBTV) and its entire shareholdings

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Reliance Communications
Reliance Communications sold off its subsidiary RBTV to Veecon Media. Wikimedia.

New Delhi, Nov 6: Reliance Communications (RCOM) on Monday entered into a binding Memorandum of Understanding with Veecon Media and Television Limited, for sale of its subsidiary Reliance BIG TV Limited (RBTV), engaged in the business of Direct to Home (DTH) services across India, a company statement said here.

Pursuant to the transaction, the buyer will acquire the entire shareholding of RBTV with business on “as-is where-is” basis, along with all existing trade liabilities and contingent liabilities, the statement said.

The existing DTH licence of BIG TV shall be renewed with the submission of the required bank guarantees with the Ministry of Information and Broadcasting by the buyer.

Reliance Communications
Reliance Communications (RCOM) forms Agreement with Veecon Media. IANS.

The transaction ensures that all existing 1.2 million customers of RBTV shall continue to enjoy uninterrupted services. It also ensures the continuity of employment for approximately 500 employees of RBTV.

The transaction will help reduce the liability of unsecured creditors, benefitting all stakeholders including lenders and shareholders of Reliance Communications. The transaction is in consonance with the Reliance Communication’s stated objective to focus on B2B businesses of new Reliance Communications, the statement said.

The culmination of the transaction is subject to the requisite approvals from licensors, regulatory authorities and lenders of Reliance Communications. (IANS)

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