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.
It may plan a significant hike in budgetary support aimed at completing the balance 8.4 million dwellings by March 2024.
The eastern and northern parts of Delhi witnessed rain and hailstorm, IMD said.
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.
'The biggest risk to the Indian markets from a 12-18-month view is that the current government does not get re-elected, or loses in a way that is not represented at all in the next central government.'
India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period, as per the National Statistical Office (NSO) data released on Thursday. India remains the fastest-growing major economy as China's GDP growth in the April-June quarter was 6.3 per cent.
The trouble-torn 2,184 MW Dabhol power project is all set to be restarted with General Electric, one of the major equity holders, slated to reach an agreement with Indian financial institutions by this month end.
'This committee underscores the Indian State's longstanding conventional approach to leverage top-down conflict management in North East India in general and Manipur in particular.' 'Trying to 'manage' violent conflicts top-down has not worked in the past, and apparently does not seem to work this time either.'
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 story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
The probe report has estimated the cost of damage due to the accident at more than Rs 52 crore.
US-based General Electric, which along with Bechtel controls 85 per cent stake in the beleaguered 2,184-MW Dabhol Power Company, is open to sell its equity but wants its claims to be settled first.
GE Capital International Services, a wholly-owned subsidiary of General Electric Company, USA, announced the launch of its latest IT-enabled services facility in Hyderabad on Wednesday.
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.
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 Commercial Finance, an arm of the US conglomerate General Electric, on Monday announced its plan to invest Rs 1,000 crore to expand operations in India.
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.
'Barring Tamil Nadu and Kerala, the BJP will may make inroads in Karnataka, Andhra and Telangana in 2024.'
It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions.
