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.
GE Healthcare has already filed five global patents for its design.
"The company plans big in three areas infrastructure, energy and aviation, but our main focus is to manufacture windmills and turbines," GE India President and CEO Tejpreet S Chopra told PTI. GE which installed first hydro power plant in 1902 presently has a headcount of 14,500 in India.
One hundred and fifty or so GE employees filled the seats for what promised to be a fun hour or so watching these two superstars, both at the tops of their games, kick around the business issues of the day.
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.
GE has drawn up plans to make India a global sourcing hub for all its core businesses. It has decided to develop and manufacture products locally for global markets and partner in large-scale projects in areas such as energy, water, aviation and rail transport.
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.
GE India on Friday said it would invest nearly Rs 1,100 crore (USD 200 million) to set up a new manufacturing facility in Pune for developing products for the energy sector.
Jet Airways has placed a $300 million order with US aeroengine major GE for supplying engines to power the Mumbai-based airline's Airbus A 330-200 fleet.
US financial major GE Money is keen to enter the banking sector in India and is currently carrying out a feasibility study on "routes" to be adopted before approaching Reserve Bank for approval.
GE Commercial Finance will invest $63 million in the Indian IT Parks Fund, sponsored by Ascendas Pte Ltd.
Our 2013 profitability growth will be at double the revenue growth rate: John L Flannery
Jeffrey R Immelt, chairman and chief executive officer of GE kickstarted the initiative.
Price becomes a challenge in a country like India and, hence, we are trying to halve the cost and give higher outcome, says V Raja, CEO, GE Healthcare India.
Haryana has done well in terms of economic growth over the last couple of decades. For it to continue to lead the growth ladder, the new government has to work hard on multiple dimensions, recommend Shishir Gupta and Rishita Sachdeva.
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