At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
Sources said about hundreds of companies, including Facebook and Amazon, could seek tax refund because they import software for sale in India.
In a last-minute twist, General Electric of the US has bagged the hotly contested $800-million tender to supply 99 engines for India's Tejas light combat aircraft (LCA). After both engines in the contest -- GE's F-414 and Eurojet's EJ-200 -- were found technically suitable, the F-414 has been declared the cheaper option.
T K has been an integral part of the organisation's leadership for years, says Azim Premji.
They are small town boys who went on to make it big in global financial powerhouses.
From trusted bureaucrat, to Wharton, MNC executive to businessman, and now politician, the man in charge of two weighty ministries is a unique all-rounder with specialist knowledge.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
For about three more years, the Indian Navy will have to make do with its lone carrier -- the Russia-built INS Vikramaditya.
The programme in India takes in 25-odd executives who have already worked for a few years. Upon passing out, they are expected to be future 'growth' leaders at GE, which earns about $2.6 billion (Rs 12,135 crore) in India a year and employs over 14,500 people across the country.
Beijing struggles to make its coming-of-age Olympics party perfect despite controversies, unsold tickets and media hyperventilation.
The health system is trying to ensure that it isn't caught by surprise -- the way it was last time. So, hectic preparations are on.
'Abid Neemuchwala has demonstrated a deep understanding of technology, business vision, sound judgment, and an innate ability to bring people together.'
In New Delhi's corridors of power, debate continues on whether the navy even needs a third aircraft carrier.
GE Money and international mortgage player Wizard announced on Thursday a joint venture 'Wizard Home Loans' that will offer 9.99 per cent interest rate on home loans to consumers. The prevailing market rate for is between 11 per cent and 12 per cent.
More and more banks are sensing big opportunity in the high-margin, small consumer loans business.
The contract would give a big boost to India's $150 billion nuclear power programme, and a broader push to curb greenhouse gas emissions.
'We are looking for ability to work in a global matrix organisation -- the ability to deal with ambiguity, flexibility to work in a changing environment, willingness to learn and be curious.'
Some of external candidates being considered for the post of CEO include Bhaskar Ghosh of Accenture, Ritesh Idnani of Tech Mahindra, Ravi Kumar S of Infosys, and Nitin Rakesh of Mphasis, among others.
'Serial testing is much more valuable than a single test which reflects just a point in time.'
The ultrabook is a successor to the MateBook X.
The issue also underscores the growing scrutiny by investors and voting advisory firms of the performance of board members.
In a boost to its manufacturing capabilities, global wind energy majors including GE, Enercon, and Vestas are turning to India to produce key wind energy components, making the country a sourcing hub for export operations.
The Supreme Court on Wednesday put an end to the vexatious litigation between shareholders of Dabhol Power Corporation - GE and Bechtel - and the Maharashtra government following an out-of-court settlement.
Whether it is budget devices or premium hardware, tablet makers catered to everyone.
Aircraft lease rentals are fixed costs and account for around 15 per cent of an airline's expense and since these are paid in dollars are also subject to currency fluctuations.
India has sought 60 more days from an arbitration tribunal at London to respond to a claim of about $6 billion as compensation from GE and Bechtel, the foreign promoters of now-defunct Dabhol Power project in Maharashtra.
China is demanding America's best technology as the price for entry into its market.\n\n\n\n
Once implemented, Rishad Premji will be one of the youngest business leaders to don the role of non-executive chairman at a large cap Indian company.
Wipro said on Thursday that Azim Premji's son Rishad, chief strategy officer and member of the board, will take over as the executive chairman. Azim Premji, however, will continue to serve on the board as non-executive director and founder chairman.
The Supreme Court on Monday sought the response of key shareholders in Dabhol Power Corporation -- subsidiaries of GE and Bechtel -- on restarting the litigation-embroiled plant
Foreign and Indian lenders of the troubled Dabhol Power Company would meet in Singapore on Monday to find a solution to the vexed issue even as majority stakeholders in DPC, GE and Bechtel have offered to sell their equity for close to $400 million.
Steel-making results in vast amounts of carbon, and belching flame and smoke. But a new process developed by Massachusetts Institute of Technology researchers could change all that.
In just three years the online real estate portal has managed to raise about Rs 270 crore.
The government is expected to hold negotiations with the promoters of Dabhol Power Corporation -- GE and Bechtel -- next week for restarting generation at the power project.
'I'm not surprised with what's happening in India,' 'Tiger' Tyagarajan tells Nivedita Mookerji.
