It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
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.
Investment banking sources said Reliance had made its desire clear to be a global petrochemicals major.
CM Stalin has a procedural problem. Nominating new ministers would entail his having to seek formal permission from governor R N Ravi. Stalin does not want to interact with the person of this governor, as far as possible, predicts N Sathiya Moorthy.
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.
Cyclone 'Biparjoy' has an extensive damaging potential and it is likely to impact Kutch, Devbhoomi Dwarka and Jamnagar districts of Gujarat the most, the India meteorological department said on Tuesday.
Prime Minister Narendra Modi on Monday gifted famous Indian tea to the captains of 11 large American corporations.
The Central Bureau of Investigation has asked former Jammu and Kashmir governor Satya Pal Malik to answer certain queries in connection with an alleged insurance scam in the Union Territory, officials said on Friday.
GE Money India said on Monday it is talking to big retailers including Bharti-Wal-Mart and Reliance for offering credit programmes such as the private label credit card it has provided to Tata Group.
Tata Power declared encouraging results for the April-June quarter (Q1) of the 2023-23 financial year (FY24). The firm's revenue rose 5 per cent year-on-year (Y-o-Y) to Rs 15,210 crore. It was driven by higher sales to distribution companies (discoms) and capacity addition in renewables. Company's adjusted profit after tax (PAT) rose 3 per cent to Rs 906 crore with reported PAT at Rs 1,100 crore on a one-time gain of Rs 235 crore.
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.
Indian television company NDTV is in advanced stages of negotiations with NBC Universal, a subsidiary of New York Stock Exchange-listed General Electric to sell between 25 and 30 per cent in its UK-based subsidiary NDTV Networks Plc.
Air India will be saving $150 million over 15 years by mounting advanced General Electric engines GE90-115B on its 27 Boeing 777-300ERs aircraft.
Several Indian units of American technology companies have filed more than 1,000 patent applications with the US Patent and Trademark office, a media report said on Tuesday.
The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance.
The CT scanner captures the images of the heart and coronary arteries in as few as five heartbeats.
Delhi Deputy Chief Minister Manish Sisodia, the party's Rajya Sabha members Sanjay Singh and Raghav Chadha as well as its Gujarat chief ministerial face Isudan Gadhvi also figure in the list shared with the media on Tuesday night.
GE has refused the supply of crucial equipment needed to make LNG to Tehran. This can hit the $22-bn Indo-Iran deal.
If you get stuck with business-as-usual, you get left behind.
Cisco Systems has appointed Owen Chan as senior vice president, Asia Pacific operations. Chan will be based in Hong Kong and report to Richard Justice, Cisco's senior vice president of Worldwide Field Operations.
GE's India head reflects on his hits and misses and shares his plans to return soon.
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.
US conglomerate General Electric on Wednesday said it is planning to foray into the banking sector in India through acquisitions of an existing bank or by setting up a subsidiary of its own.
While many Americans view growing Chinese and Indian economies as a threat to their jobs, major US firms have reported a sharp rise in earnings, mainly due to their foreign operations.
Garima Lohia, Uma Harathi N and Smriti Mishra secured the second, third and fourth ranks respectively in the examination, results of which were declared on Tuesday.
