UPDATE 3-GE sells India back office unit stake for $500 mln
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General Electric Co., the world&#39;s top conglomerate, said on Monday it had sold a majority of its pioneering Indian back-office unit to exit a non-core business
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General Electric Co. will sell a majority stake in its global outsourcing business to two US-based equity firms in an all-cash deal totaling $500 million, the industrial, financial services and media conglomerate said Monday.
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General Electric Co. raised its quarterly dividend by 10 per cent and launched a plan to buy back up to $15 billion US in shares over three years, as it projected double-digit percentage earnings growth for 2005.
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General Electric Co., the world&#39;s biggest non-bank lender, will buy Australian Financial Investments Group for about $300 million to boost its share of that nation&#39;s mortgage market, people familiar with the plan said.
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U.S. conglomerate General Electric Co.  has agreed to buy British maker of oilfield services equipment Sondex Plc  for 288.7 million pounds ($583.1 million) in cash, the two companies said on Monday.
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Diageo is looking to sell part of its stake in General Mills Inc. The drinks giant announced yesterday (4 October) that it plans to sell around 33.
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General Electric Co.'s  energy unit will pay $603 million for a controlling stake in Regency Energy Partners LP , an owner of natural gas pipelines and processing equipment.
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Reliance Industries Ltd., India&#39;s biggest non-state company, approved a share buyback plan disregarding opposition from Vice Chairman Anil Ambani amid a spat between the brothers running the company.
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General Electric Co. GE.N said  Friday that two private equity firms completed a deal to buy a  majority interest in its India-based back office unit.
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General Electric Co. GE.N on Monday  said it would buy a fire detection systems business from SPX  Corp. SPW.N for nearly $1.4 billion in cash in a move to  bolster its infrastructure business.
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GE is selling a 60% stake in GE Capital International Services, its business process outsourcing subsidiary in India, for about $500 million.
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General Electric Co. GE.N said on  Friday that two private investment firms completed a deal to  buy a majority interest in its India-based back office unit.
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FRANKFURT/LONDON Oct 11  - Germany sold a 6.3  percent stake in phone operator Deutsche Telekom on Monday,  raising up to 4.5 billion euros ($5.6 billion) to help it curb  a burgeoning budget deficit.
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BANGALORE, INDIA -- General Electric Co. (GE) is selling a 60 percent stake in GE Capital International Services (GECIS), its business process outsourcing (BPO) subsidiary in India, for about $500 million, the company said Monday.
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The General Electric Co. said Monday it had sold a 60 percent stake in its pioneering back- office unit in India to two private equity firms for $500 million.
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NEW DELHI General Electric said Monday that it planned to sell a majority stake in its Indian call-center unit to General Atlantic Partners and Oak Hill Capital Partners for $500 million to help the business gain customers.
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Diversified manufacturer General  Electric Co. GE.N said on Friday it boosted its quarterly  dividend by 10 percent and earmarked up to $15 billion for  share repurchases over the next three years.