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When DLF's K P Singh fulfilled Rajiv Gandhi's wish of bringing GE to India
When Rajiv Gandhi was the prime minister, he was determined to bring General Electric into India and his wish was fulfilled by DLF's K P Singh, who helped catalyse the American giant's presence in this country, says a new book. Singh talks about his journey through India's transforming landscapes and his indelible contributions to the industry in "Why the Heck Not", published by Penguin Random House India. Co-authored with Aparna Jain, Singh also writes about the bold risks and visionary decisions that shaped his career, as well as the challenges he overcame. Delving into the GE story, the book says in the mid to late '80s, Gandhi revered GE chairman and CEO Jack Welch as a business icon. Determined to bring him to India, he dispatched the Indian envoy in Washington, Ambassador P K Kaul, to extend a formal invitation, it says. "At the time, India was not globally known for business prospects and was not a priority on the lists of investors and entrepreneurs. Jack refused Kaul, blu
 "When DLF's K P Singh fulfilled Rajiv Gandhi's wish of bringing GE to India")
PM Modi, Prez Biden welcome jet engine pact between GE Aerospace-HAL
The two leaders also reiterated the importance of nuclear energy as a necessary resource to meet climate, energy transition, and energy security needs of both the nations
 "PM Modi, Prez Biden welcome jet engine pact between GE Aerospace-HAL")
India-US bilateral relationship: Is it soft power at work or hard?
While it feels good to talk about yoga, the diaspora and other manifestations of soft power, the true driver of relations is hard power; soft power only contributes some garnish, writes T N Ninan
 "India-US bilateral relationship: Is it soft power at work or hard?")
India-US jet engine deal: What are jet engines? Why is this deal important?
Technology around manufacturing jet engines capable of powering fighter aircraft is very closely guarded and remains the biggest impediment for countries wanting to develop their own combat aircraft
 "India-US jet engine deal: What are jet engines? Why is this deal important?")
General Electric raises profit outlook despite growing risks of recession
CEO Larry Culp told Reuters that GE's businesses had not seen any loss in momentum despite growing risks of an economic recession as soon as the second half of the year
 "General Electric raises profit outlook despite growing risks of recession")
Air India may find it cheaper to buy jets, thanks to Tata's credit profile
On the strength of its excellent financial track record, Tata Group was able to secure Power-By-Hour (PBH) agreements with engine manufacturers GE and Rolls Royce
 "Air India may find it cheaper to buy jets, thanks to Tata's credit profile")
GE forecasts higher earnings in 2022 after supply chain woes hit Q4 revenue
GE's shares were down 1.8% at $95.17 in premarket trading.
GE to split into three companies, ending conglomerate for good
Company will be divided into separate units focused on aviation, health care & energy
 "GE to split into three companies, ending conglomerate for good")
Carl Icahn's investment firm appoints former GE dealmaker as CEO
Icahn Enterprises has market capitalisation of more than $13 billion and investments in energy, metals and real estate, among others
 "Carl Icahn's investment firm appoints former GE dealmaker as CEO")
Letter to BS: Jack Welch's contribution to HR management will be remembered
The performance appraisal system (2X2 Matrix) introduced by him made ethical grounding more important than outstanding performance
 "Letter to BS: Jack Welch's contribution to HR management will be remembered")
The GE way out
It appears that Dow Jones has dropped the storied conglomerate GE - which has had a very disappointing few years and in fact decades - from its "industrial average" index the world's most widely watch
We'll be ready for 50% localisation in defence biz: GE's South Asia chief
In a Q&A, Vishal Wanchoo talks about how horizontal business lines of additives and digital are giving a push towards advance manufacturing
 "We'll be ready for 50% localisation in defence biz: GE's South Asia chief")
India unit drives GE's plan to build 'digital twins' of everything
GE has developed about 700,000 digital twins globally, 200,000 of which were built at the India technology centre
 "India unit drives GE's plan to build 'digital twins' of everything")
General Electric to set up Centre of Excellence for skill development in TN
The proposed Centre will impart skill development training to diploma holders and Plus two pass students
 "General Electric to set up Centre of Excellence for skill development in TN")
General Electric ties up with Tatas for jet engine, defence
John L Flannery, Chairman and CEO of GE, meets buisness leaders in Delhi, Mumbai
 "General Electric ties up with Tatas for jet engine, defence")
Tata Group, GE partner to manufacture Leap engine components in India
The two companies also announced their intention to jointly pursue military engine and aircraft system opportunities for the India market
General Electric to cut 12,000 jobs in power business revamp
Nearly a third of Swiss workforce and 16% of German staff likely to be axed
 "General Electric to cut 12,000 jobs in power business revamp")
General Electric to cut 4,500 jobs in Europe: Source
A labor union source confirmed the layoff numbers to Reuters on Wednesday and said an official announcement was expected as early as Thursday
 "General Electric to cut 4,500 jobs in Europe: Source")
Electric conversion of GE diesel locomotive project looks difficult
The Marhowra project alone was set to bring in an investment of Rs 2,052 crore
 "Electric conversion of GE diesel locomotive project looks difficult")
