GlobalEconomic GlobalEdition

October 23, 2021

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Hyderabad International Airport embarks on major expansion

2021.10.21 11:08

To cater to the rising demand in passenger traffic and augment the passenger handling capacity beyond 34 million people, Hyderabad International Airport embarked on a major expansion.In addition to a revamped terminal, the expansion project involves the augmentation of both Terminal and Airside areas. Post expansion, the airside infrastructure will be able to accommodate 93 code C aircraft stands (Comprising of 44 Contact and 49 Remote Stands). According to GMR Hyderabad International Airport, Western Apron catering to International operations will be expanded by ~57,500 sqm and can accommodat
Huawei to build factory in Longhua

2021.10.21 11:00

SHENZHEN tech giant Huawei has won the bid for a land parcel in Longhua District for 298 million yuan (US$46.5 million), according to the information released by Shenzhen public resources trading center on its website Monday. The plot, which stands at the intersection of Guanlan Furun Road and Longlan Boulevard in Fucheng Subdistrict, covers about 514,858 square meters, including road areas of roughly 5,774 square meters. The project will have a 763,600-square-meter construction area. According to Huawei’s plan, the plot’s construction area will include 616,600 square meters for workshops,
Genesis GV70 named Motor Trend ‘SUV of the Year’

2021.10.21 10:45

Genesis announced on the 20th that is has been named ‘2022 Best SUV of the Year’ by the U.S. automobile magazine MotorTrend.MotorTrend evaluates SUV models through actual test and close analysis based on six key criteria: advancement in design, engineering excellence, performance of intended function, value, efficiency, and safety.In the evaluation, 35 SUV models competed this year. The GV70 was finally selected among nine final nominees, including Ford Bronco, Ford Bronco Sports, Jeep Grand Cherokee, Jeep Grand Wagoneer, Jeep Wrangler 392, Kia Sorento, and Volkswagen ID4. MotorTrend praised
Sapio Analytics acquires public company, targets 1 billion USD valuation

2021.10.20 09:58

Government advisory firm Sapio Analytics, headquartered in Mumbai, has taken controlling minority stakes in a public company, with an aim to expand its depth of reach to citizens of India.The acquisition is in form of a conditional agreement with payment in tranches, according to the statement released by the company, keeping the name of the said company undisclosed. Sapio Analytics is positioned as a trusted partner of governments, acting as an artificially intelligent shadow government support system. It works directly with citizens owning data points that are useful for governments and poli
Korikart, a gateway for Korean Products in India

2021.10.20 09:49

Korikart, India's leading one-stop-shop that offers a wide range of Korean products under one name, was launched in December 2018. The brand entered the Indian market to meet the ever-increasing demand for Korean products amongst consumers.Korikart's main USP is to represent Korean culture through its multi-brand store. Its extensive product portfolio ranging from necessities to accessories and food & clothing helps the brand to stand apart from the rest of the industry. From morning scrubs to diaries and everyday lifestyle products, Korikart has everything you need in high quality and at reas
Samsung Electronics says it never infringed patents… files a lawsuit against a U.S. semiconductor company

2021.10.20 09:27

Samsung Electronics recently filed a lawsuit against Netlist, a small and medium-sized semiconductor company in the U.S., to confirm the invalidity of patent infringement. Samsung Electronics is claiming it is unfairly suspected of patent infringement and is also demanding compensation for business damage.Netlist, which was sued by Samsung Electronics, was established by a former Korean semiconductor company executive and has memory specialized technology. In particular, this company has been in patent disputes with SK Hynix for 5 years from 2016 to this year, and is also in the conflict with
Vertex Solutions becomes the top vendors of India's leading solar energy company to deliver end-to-end technological solutions

2021.10.19 10:00

Rajasthan's Well known Renewable energy solutions provider, Vertex Solution has become one of the top vendors Of India's Top Renewable energy company Like Adani solar, Avaada Energy, TATA solar and Renew Power to bring a Fresh vantage point in Business Solutions in Renewable energy and Civil engineering projects.Vertex Solutions is an innovative oriented group which is supported by an expert panel of technocrats that delivers the best fit end to end solutions required by industry. The firm has additionally diversified their services to a wide range of activities viz engineering and civil procu
Gulf Islamic Investment to open office in Bengaluru Eyes strengthening Indo-UAE investment ties

2021.10.19 09:56

Gulf Islamic Investment (GII), a leading UAE-based Shari'ah-compliant financial services firm with over USD 2 billion of assets under management, today announced its foray into Karnataka, India to strengthen investment ties between India and the UAE. The firm will be opening its office in Bengaluru.GII's investment approach in India is sector-agnostic and the firm plans to invest another USD 500m (INR 3,500 crores) in India in the next 3 years. The company is also keen to partner with Indian start-ups and growth companies in their Middle East expansion plans and is open to collaborating with I
BYD ADL buses to shuttle COP26 delegates

2021.10.19 09:41

A FLEET of 22 electric buses, jointly developed by Shenzhen-based vehicle manufacturer BYD and the U.K.’s largest bus and coach producer Alexander Dennis Ltd. (ADL), will operate the official delegate shuttle service at the COP26 UN Climate Change Conference between Oct. 31 and Nov. 12 in Glasgow, Scotland, BYD and ADL announced Thursday. The shuttle service is said to provide all attending delegates with a frequent link between the city center and the conference venue Scottish Event Campus during the conference. The fully electric buses, called BYD ADL Enviro200EV single-deckers, are built i

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Korean government reviews tariff reduction on 90 items, including LNG and eggs

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