AUGUSTASIA BUSINESS OUTLOOK8Nissan and Renault finalised the terms of their revamped alliance on July 25, with the Japanese automaker pledging up to 600 million euros ($663 million) in its partner's electric vehicle unit Ampere.The agreement to finalise the terms of their revamped partnership puts the two automakers on a more equal footing and comes after months of sometimes tense negotiations over issues such as future intellectual property sharing.According to Nissan, the investment in Ampere is consistent with Nissan's role as a strategic investor and a board seat on the new company.The companies stated that the overhaul would be completed in the fourth quarter of 2023, subject to regulatory approvals. At the 8th Foreign Office Consultations on July 25, India and Brunei reviewed their bilateral relations and discussed ways to strengthen cooperation in various fields. The meeting was held in the city of Bandar Seri Begawan.The meeting was co-chaired by Saurabh Kumar, Secretary (East), MEA, and Penigran Norhashimah binti Pengiran Mohd Hassan, Permanent Secretary, MoFA, Brunei Darussalam."The two sides reviewed their bilateral relations and discussed ways to strengthen cooperation, including in trade, commerce, investments, defence, and space," the Ministry of External Affairs said in a statement."They also agreed to look into collaborations in information and communication technology (ICT), agriculture, health and pharmaceuticals, maritime, culture, and people-to-people exchanges." "Opinions were also exchanged on regional and international issues of mutual interest," according to the statement.It was also agreed to commemorate the 40th anniversary of diplomatic relations in 2024 and to strengthen high-level exchanges. The MoUs under discussion will also be completed as soon as possible by the two parties. . NEWSROOMNISSAN & RENAULT CONCLUDE AGREEMENT OF INVESTING EUR 600M IN EV UNIT AMPEREINDIA & BRUNEI TO ENHANCE TRADE AND COOPERATION IN VARIOUS FIELDS
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