Briefly Business: GMR seeks $1.4 bn in damages from Maldives

GMR seeks $1.4 bn in damages from Maldives Singapore: GMR on Friday sought a compensation of $1.4 billion from Maldives for the “wrongful termination” of its 25-year contract to develop and operate the Male International Airport. The claim was filed before an Arbitration Court. PTI Samsung infringed Apple patent: Court Tokyo: A Tokyo court has […]

Published: June 22, 2013 2:54:52 am

GMR seeks $1.4 bn in damages from Maldives

Singapore: GMR on Friday sought a compensation of $1.4 billion from Maldives for the “wrongful termination” of its 25-year contract to develop and operate the Male International Airport. The claim was filed before an Arbitration Court. PTI

Samsung infringed Apple patent: Court

Tokyo: A Tokyo court has ruled that Samsung Electronics had infringed rival Apple Inc’s patent for a so-called bounce-back feature on earlier models of its popular smartphones. Reuters

Raymond launches store in Pakistan

Karachi: Clothing brand Raymond on Friday became the first Indian outlet to open its doors

to Pakistani customers in the posh locality of Clifton here. The Indian suiting and fabrics conglomerate formally opened its first shop in Pakistan’s financial hub without much fanfare although back page ads of the opening were prominent in the morning newspapers. PTI

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