Several multinational medical device makers are focusing on deepening their presence in India by expanding their local manufacturing footprint and research capabilities, a move that can catapult India into a strategic hub for the medical technology (medtech) industry. Among those increasing their reach in the country are Siemens Healthineers and Philips, signalling a broader shift from India being only a sales destination to becoming a global production and innovation base.
Call centres, once the engine room of India's BPO exports, are evolving too. Depending on the complexity, 30 to 50 per cent of voice and chat volumes are now handled by conversational AI.
Initially, private buyers will be able to make bulk purchases on Government e-marketplace, it will subsequently be broadened to small-ticket buying as well.
General Electric company plans to convert its two arms in the country into wholly-owned subsidiaries even as it will expand activities of a third company, GE Power Controls India.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
Shipments of personal computers grew 3.8 per cent on a year-on-year basis to 14.4 million driven by demand for gaming and AI-powered PCs, market research firm IDC said on Monday. IDC India, South Asia and ANZ, associate vice president for devices research, Navkendar Singh said the weakening rupee can lead to an increase in device costs, which can impact the price-sensitive SMB (small and medium businesses) and consumer segments but despite all challenges, the India PC market is most likely to witness a low single-digit growth in 2025.
The United States India Business Council has conferred the USIBC 30th anniversary jubilee award for 'The US Company Contributing Most to the Indo-US Commercial Relationship' on US giant General Electric.
The top-notch faculty at Crotonville, including Noel Tichy, Ram Charan, Vijay Govindarajan, along with GE's top leaders Jack Welch, Gary Reiner, Bill Conaty, Jeffrey Immelt and Susan Peters, together delivered sought-after programmes on leadership to generations of early-stage leaders, mid-tier and senior managers from all over the world, recounts Indrajit Gupta.
The 100-stock largecap basket of Mutual funds (MFs) has seen a major reshuffle in the latest semi-annual reclassification with seven midcap stocks and four new listings earning the largecap tag. According to a report from Nuvama Alternative & Quantitative Research, the midcap stocks that have been upgraded include CG Power, Rail Vikas Nigam, ICICI Prudential Life Insurance, Polycab India, Indus Towers, Cummins India, and Info Edge.
The facility will extend the firm's Latin American presence. Genpact will provide services to GE Money from this facility. The facility was officially opened in July by GE Money and BAC/Credomatic. The centre will initially accommodate more than 700 professionals and has the capacity to grow to approximately 2,000.
GE has already exercised that right in Europe. It could do that here also. There are no free lunches. Not at least in GE. Anyway, for almost 40 to 50 per cent of what we do, there is no competition in India, says Pramod Bhasin, CEO, Gecis.
GE Infrastructure India is aggressively looking at electrification projects
GE Healthcare Technologies on Monday said it is confident of doubling its annual revenues to $800 million in less than three years from its operations based out of Bangalore, a top company executive said on Tuesday.
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.
In an attempt to find a lasting solution for the troubled $2.9 billion Dabhol Power Project, GE said on Monday it was joining hands with NTPC and BHEL to restart it.
The development contract calls for GE Aircraft Engines to provide 17 F40 4-GE-IN20 engines, as well as logistics support, the company announced from Lynn, Massachusetts.
Over lunch with Jyoti Mukul, Banmali Agrawala, president and CEO, GE South Asia, discusses how GE is transforming itself into a digital industrial company.
Some recent media reports have said that GE desperately wants to get rid of its appliances unit globally and is looking for a strategic partner. Asked about liquidity crunch, he said, "As of now there is no liquidity crunch but the next two quarters will hold the key. The government has taken some steps in the right direction and let's see what happens."
If you are interested in a career with GE Money, here is some information that will come in handy.
State Bank of India partnered GE Capital in 1998 for its credit card business.
Defence Minister Manohar Parrikar says global aircraft makers will have to get approval from their own governments to transfer technology and build jets in India.
GE Consumer Finance, the global consumer-lending unit of the General Electric Company, will foray into banking in India in the next 18 months, a top executive of the company said on Thursday.
GE had also lined up aggressive investment plans for roads, airports, ports and real estate sectors.
GE Aviation has signed a 20-year engine maintenance agreement with Air India. The agreement covers the maintenance, repair and overhaul (MRO) of GE90 aircraft engines.
Godrej-GE Appliances which sold a faulty refrigerator has been held guilty of deficiency in service by a Delhi consumer court.
GE India, the $2.8 billion industrial giant, plans to invest $6 billion till 2015 in medical systems, services and IT tailor-made for rural India. Also, GE, the parent company, is looking at making India the sourcing hub for aerospace parts and healthcare products and is in the process of developing a supply chain for this.
The China threat continues to resonate in the strategic partnership between India and the USA, points out Rup Narayan Das.
GE Healthcare has already filed five global patents for its design.
