The announcement was made in advertisements published by the state's information and public relations department in various newspapers on Saturday.
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.
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.
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.
Modi and Chouhan have visited Mahakoshal multiple times and reached out to tribals to shore up support for the BJP.
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.
Led by Olympic champion Neeraj Chopra, India will seek to showcase its ascendency as a sporting power at the Asian Games, which opens formally on Saturday after an unprecedented one-year delay due to the COVID-19 pandemic.
As a General Electric employee working in business development in New Delhi, Dhruv Bhatia knew something about finance.
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.
Among the 36 new faces in Prime Minister Narendra Modi's council of ministers, eight are lawyers, four are doctors, two former IAS officers and four MBA degree holders, besides several engineers, making it an eclectic mix of professionals.
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.
More than 70% of all corporate acquisitions fail to create value. But when done correctly, acquisitions can be valuable disruptive tools.
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.
The Supreme Court has dismissed an appeal filed the customs department against Adani Power Maharashtra Limited (APML), Adani Power Rajasthan Limited (APRL) and others in a case pertaining to alleged over-valuation of imported goods. "We have heard Balbir Singh, Additional Solicitor General appearing for the appellant(s), and Mukul Rohatgi, senior counsel appearing for the respondents, at length. "We are of the considered opinion that the matters are concluded by the findings of fact recorded by the authorities below and the impugned order(s) does not require any interference at our behest.
'India is an equity market with a breadth and depth of companies to invest in.'
Infosys Technologies has been inducted into the Global Most Admired Knowledge Enterprises (MAKE) Hall of Fame.
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.
Tata Motors is actively considering tapping into some of the export markets beyond South Asia, for its range of electric vehicles (EVs) as it sees an opportunity of selling affordable EVs in markets outside India. The export plans will coincide with the commercial launch of the Curvve - an electric SUV concept that broke cover on Wednesday, in two years from now, Shailesh Chandra, MD, Tata Motors PVs and Electric Mobility, told Business Standard. "We are actively thinking of the international markets and we would like to go with a portfolio of products. "We have identified a few markets and in a couple of years, we should commence the same," said Chandra.
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.
'People tell us openly that in 2024 we will vote for Modi.'
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.
Sonia aid the Congress has been consistent over the years in its strong belief that both the Palestinians and Israelis have the right to live in a just peace.
The police issued a statement after the BJP alleged that Singh, the Jehanabad district general secretary of the saffron party, was killed in police lathi-charge during the party's 'Vidhan Sabha march' on Thursday in protest against the state government's new teacher recruitment policy.
A Central Bureau of Investigation team on Friday arrived at the Som Vihar residence of former Jammu and Kashmir governor Satya Pal Malik in connection with its probe in the alleged insurance "scam" in the Union territory which came to light after his statement that he was offered bribes to clear related files, officials said.
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.
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.
'Since I was held at gunpoint I had no option but to give them the car keys.' 'They took the car and drove away.'
The government denied granting permission to serve liquor at wedding halls, even as the opposition parties slammed the ruling Dravida Munnetra Kazhagam's move to dilute the total prohibition policy.
Investment banking sources said Reliance had made its desire clear to be a global petrochemicals major.
Glimpses from Hong Kong whose citizens mourned Britain's Queen Elizabeth II outside the British consulate general.
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."
The Supreme Court on Monday asked Delhi Chief Minister Arvind Kejriwal and Lieutenant Governor V K Saxena to rise above 'political bickering' and discuss who could head the national capital's power regulator Delhi Electricity Regulatory Commission (DERC), saying the two constitutional functionaries should get down to 'serious work of governance' away from glare of publicity.
Sales of total electric vehicles in India are expected to be around 10 lakh units this year, equal to what was sold collectively in the last 15 years, mainly riding on the good traction witnessed by electric two-wheelers, Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday. In 2021, the sales of electric two-wheelers (E2Ws) in the country jumped over two-fold at 233,971 units driven by a good traction of high-speed scooters as compared to 100,736 units in 2020, SMEV said in a statement. "We haven't seen better days than the last few months in the entire EV journey.
The Central Bureau of Investigation on Wednesday conducted searches at the premises of Sunak Bali, who was an aide of Satya Pal Malik when he was the governor of Jammu and Kashmir, and 11 other locations in Delhi and Rajasthan in the alleged insurance scam case, officials said.
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