General Electric

Govt to slap penalties on General Electric over fighter jet engines delay

Delivery of the F404 engines for Indian Air Force's locally-made Tejas Light Combat Aircraft Mk1 series was pushed back to March 2025, the official said

Delayed engines slow down Tejas Mk1A project. When will GE deliver them?

GE Aerospace has reportedly promised to start deliveries by either March or April 2025, amounting to a two-year delay

737 MAX case: Boeing CEO to testify before US Senate panel on June 18

The Federal Aviation Administration (FAA) in February barred Boeing from boosting 737 MAX production after a door panel blew out during a Jan 5 flight on a 737 MAX 9 operated by Alaska Airlines

Wipro GE Healthcare to invest Rs 8K cr in 5 yrs on medical devices, R&D

Wipro GE Healthcare on Tuesday said it will invest over Rs 8,000 crore in India over the next five years to increase local manufacturing and research and development (R&D) initiatives. The company, a leading global medical technology, pharmaceutical diagnostics, and digital solutions provider, said as a part of the investment, its 'Made in India' PET CT Discovery IQ scanner will be exported to 15 countries. Additionally, locally produced Revolution Aspire CT, Revolution ACT and MR breast coils will be manufactured 'In India for the World', the company said in a statement. The strategic investment bolsters the company's local manufacturing footprint to address the growing domestic and international market. It will also build supply chain resiliency for the organisation, it added. Wipro GE Healthcare Chairman Azim Premji said India is riding the resurgent growth in the healthcare industry and rapidly expanding MedTech sector. "With 'Make in India', we are witnessing an exponential .

Genpact CEO 'Tiger' Tyagarajan announces retirement, B K Kalra to take over

Kalra has been a leader in business transformation - the key focus area of Genpact - with more than 30 years of experience

Why General Electric's plan to make jet engines in India is big deal

The announcement was timed to coincide with Indian Prime Minister Narendra Modi's landmark visit to the United States this week

Why GE plan to make fighter jet engines in India a big deal: Details here

The announcement was timed to coincide with Indian Prime Minister Narendra Modi's landmark visit to the United States this week

GE signs MoU with HAL to make fighter jet engines for Indian Air Force

The development comes at a time when Indian Prime Minister Narendra Modi is on an official state visit to the United States

Indian companies are turning more to junk bonds to meet funding needs

Companies using such securities raised more capital in 2022-23 than at any point in the last 8 years

Azad Engineering is India's first supplier of parts for nuclear turbines

Azad Engineering has signed a long-term supply agreement with General Electric (GE) Steam Power for supply of nuclear turbineparts

GE CEO Culp takes reins of aviation business ahead of three-way split

General Electric Chairman and CEO Larry Culp is taking on the additional role as the top executive at the company's aviation business. Culp eight months ago engineered the break up of the conglomerate in which it would spin off its health care and energy divisions, with the aviation wing remaining under the control of GE. GE said Monday that aviation's current CEO, John Slattery, will become executive vice president and chief commercial officer of the business. The Boston company had begun to carve off pieces of itself not long after the financial crisis in 2008, and those efforts accelerated when Culp took over in 2018. Also on Monday, GE said Russell Stokes, currently senior vice president of GE and president & CEO of GE Aviation Services, is being named CEO of Commercial Engines and Services. Shane Wright, chief financial officer and chief operating officer of the aviation business, is retiring. Wright will be succeeded in the CFO post by Rahul Ghai, who is currently executive

Will Indian conglomerates also go the General Electric way?

Johnson and Johnson, GE and Toshiba recently announced split into multiple entities. Do the demands of an emerging market like India require a different approach? Let's find an answer to this question

Future of conglomerates; sluggish recovery in consumer sentiments

Covid LIVE: Kerala clocks 7,540 new cases, 259 deaths in last 24 hrs

Live news updates: The world is on track for disastrous levels of global heating despite carbon-cutting pledges from governments at the UN COP26 summit, say analysts.

How General Electric's Larry Culp split the empire Jack Welch built

Culp, 58, became GE's CEO in October 2018 after joining it as a board director six months earlier

'The right thing to do': How GE's Culp split the empire Jack Welch built

Culp wanted to pursue the idea, and pruned GE through other deals in the mean time

GE to split into three companies, ending conglomerate for good

Company will be divided into separate units focused on aviation, health care & energy

GE Power India profit rises 5% to Rs 39 crore in September quarter

GE Power India on Tuesday said its consolidated net profit rose over 5 per cent to Rs 39.33 crore in September quarter 2021-22.

HAL inks Rs 5,375-cr contract for supply of engines for Tejas aircraft

Since it first flew in January 2001, the Tejas LCA has been powered by a single General Electric (GE) F404-IN20 engine.

Tamil Nadu receives Rs 28,508 cr investment commitments; GE to set up CoE

Tamil Nadu on Tuesday received investment commitments to the tune of Rs 28,508 crore from 49 companies across various segments that will create 83,482 jobs in the state.