Jeffrey R Immelt, global chairman of General Electric Company was in New Delhi on Thursday as part of his three-day visit to India
Price becomes a challenge in a country like India and, hence, we are trying to halve the cost and give higher outcome, says V Raja, CEO, GE Healthcare India.
The Tata Group has been named the world's eleventh most reputed company, according to a study compiled by United States-based Reputation Institute.
Currently, the project generates 1,000 Mw.
General Electric's largest multi-disciplinary engineering and technology centre outside of the US, The John F. Welch Technology Center (JFWTC) located at Bangalore, has launched a unique science and engineering that challenges the imagination and technical expertise of tomorrows inventors.
The IAF has demanded five new capabilities in the Mark 1A that would give it a clear combat edge over Pakistan's entire fighter fleet, and most of China's as well.
The Indo-Japanese nuclear deal may not come easy considering India's Civil Nuclear Liability Act provisions which had earlier put off suppliers like General Electric, says Debalina Ghoshal.
At a meeting convened by Power Secretary VS Sampath later this evening with a team of officials from General Electric, the US-based company, which has supplied six gas turbines at Dabhol, has agreed to start negotiations on the Contractual Service Agreement of the project, according to official sources. The Dabhol power plant has three blocks with six gas turbines. However, only three turbines are functioning at present.
New book goes deep into Buffett's heart and soul and finds value in both places
Contrary to perception, the cost of nuclear power based on imported fuel and equipment will be "comparable" to that from the conventional power plants, says Shreyans Kumar Jain, chairman and managing director of the Nuclear Power Corporation of India.
Innovative companies the world over are discovering the research and development advantages to be found in India
Over 12,700 participants from 91 countries are expected during the one-week contest, which features a variety of athletes - young and old, male and female, straight and gay.
The US economy is suffering its steepest downturn since at least the 1970s and could descend into a depression, Jeff Immelt, General Electric's chief executive, warned on Thursday.
The company which had reported a sales of $2.8 billion (last reported figure) in 2007, however said it remained confident about the growth opportunities in India in the medium to long-term, owing to huge spending that is expected to happen in the infrastructure development.
A spokesperson attached to GE's Jack Welch Research Center in Bangalore said after the new people join, employee numbers in Bangalore would cross the 4,500-mark. GE's technology product research and development team is currently 3,800-people strong, with an additional 350 people employed in global research.
Like so many other MNCs, it is targeting emerging markets, of which India represents a major chunk, as a critical growth area. But India is also rapidly becoming a key geography where some of the innovative products to address the market at the bottom of the pyramid are being developed.
General Electric's technology centre in Bangalore helps the company grapple with technology and costs. Here's the lowdown on this low-cost but cutting-edge facility.
This was decided at a meeting between State Energy Minister Dilip Walse-Patil and executives of General Electric, which had supplied power equipment to the erstwhile Dabhol Power Company. During the meeting, GE executives assured the minister that by the end of this month, the Block-I, currently lying defunct, would start generating around 600 Mw.
According to Nasscom, engineering services exports had grown at 13 per cent in 2017 compared to six per cent rise in IT services exports and eight per cent in business process management (BPM). It had also recorded the highest growth in the last three years, reports Debasis Mohapatra.
GE India managed revenues of $2.6 billion (about Rs 130 billion) in 2007 and is hopeful of meeting its target of $8 billion (about Rs 400 billion) by 2010. Key projects in the transportation and nuclear power sector are expected to help it reach that target, says Vice-Chairman John G Rice.
Sunil Mittal's race up these rankings to No. 2 marks a triumph of core competence over diversification in India.
For nearly seven years, Bhatia served in the first and second George W Bush Administrations, first in the department of commerce and then in the department of transportation, before finally enjoying a more than two-year stint as deputy US trade representative, the senior-most administration position ever served by an Indian American, before he resigned end October last year, to return to the private sector.
Shuji Nakamura was given only a tiny bonus for his invention and he had to sue to get the money due him.
As a General Electric employee working in business development in New Delhi, Dhruv Bhatia knew something about finance.
The 7,480 MW project will be the largest gas-fired power project at a single location in the world and will cost about Rs 20,000-25,000 crore (Rs 200-250 billion). Mukesh Ambani-controlled RIL for the supply of gas from the Krishna Godavari basin, where RIL is developing the largest gas reserves in the world. The matter is currently under litigation in the Bombay HC and a decision is expected soon.
A broken system is driving our best-educated foreign workers -- talent desperately needed by U.S. companies -- to Europe, India, and China.
Debt conversion formula will increase govt stake.
More than 70% of all corporate acquisitions fail to create value. But when done correctly, acquisitions can be valuable disruptive tools.
General Electric on Wednesday unveiled plans to raise at least $15bn in capital through stock sales to Warren Buffett's Berkshire Hathaway and the public.
While its operating radius remains secret, a back-of-the-envelope calculation indicates it can easily strike targets 1,000 kilometres away and return to base.
Valued at Euro 35 billion, Nokia is the world's fifth most valuable brand, after Coca Cola, Microsoft, IBM and General Electric. With annual turnover at 3.6 billion euro, India contributed nearly seven per cent to Nokia's total global revenues of 51 billion euro in 2007. Nokia has invested $ 210 million for setting up a manufacturing facility in Tamil Nadu and the Indian facility is 1 of the best among 9 Nokia factories. It has estimated 100mn new phone subscribers in India.
Trump said the Saudis could be behind the disappearance of Washington Post contributor Khashoggi.
Disposing of separate applications by SBI Cards customers Arun Kumar Verma and Dileep Ayachit, CIC has directed the SBI to take a decision on setting up a proper information redressal mechanism within 15 days.
'It would be a travesty if the Malaysian air force likes the Tejas, but decides against it because it sees the IAF reluctance to back the fighter.'
GE Healthcare, a $15 billion segment of General Electric company, will continue to invest aggressively in India, where it's logging double digit growth, a top company official said on Friday.
GE is selling the shares to "an affiliate of a limited partner in one of Genapct's other shareholders," the companies said in statement. Genpact, one of India's largest business process outsourcing firms by revenue, started out in 1997 as the India-based BPO division of GE Capital.
GE CEO Jeffrey Immelt and Vodafone CEO Arun Sarin will also keynote the Indian Institute of Technology 2007 Global Alumni Conference titled 'Transforming the World through Technology' in California next month.
The world's biggest industrial conglomerate General Electric is undeterred by a slowdown in the US economy as the group expects any weakness in the home market to be offset by fast growing sales in countries like India and China. Unfazed by the weakness triggered by the subprime credit crisis, Immelt said: "outside the US, particularly in China and India, economies appear strong. In the world as a whole, there is still a lot of liquidity."
If you are interested in a career with GE Money, here is some information that will come in handy.
Iqbal Singh has been appointed as the new CEO and President of GE Money India. The company is also planning to induct a strategic partner in a few months.
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