GE to sell 60% of India call-centre unit
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NEW DELHI: General Electric Co. plans to sell a majority stake in its Indian call-centre unit to General Atlantic Partners LLC and Oak Hill Capital Partners for US$500mil to help the business gain new customers.
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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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NEW DELHI -- Network equipment maker Cisco Systems Inc. will set up a center in India to support all aspects of its worldwide operations, the company's chief executive said Wednesday.
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Global Crossing plans to eliminate 600 jobs, roughly 15 percent of its workforce, by March 2005 as part of a restructuring plan. The company needs an additional $40 million in financing to fund
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(InfoWorld) - Verizon Business, a unit of U.S. communications service provider Verizon Communications, has applied for a license to provide international long-distance services in India. The move reflects Verizon's recognition of the growth potential of Asian markets, Verizon Business said Wednesday. Leading multinational telecommunications services companies have applied for licenses to operate national and long-distance telecommunications services in India, to take advantage of a new policy that liberalized direct foreign investment in telecommunications services companies. Before the new policy, some multinational telecommunications services companies including Verizon were offering services in India through cooperation agreements with local licensed service providers. New government rules, announced in 2005, allow companies with foreign ownership of up to 74 percent to offer telecommunications services in the country. Before this rule, foreign investment was limited to 49 percent, which deterred foreign carriers from setting up operations in India. AT&T's majority-owned Indian joint venture, AT&T Global Network Services India was awarded licenses last year by the Indian government to operate national and international long distance telecommunications services from the country. AT&T holds 74 percent of the equity in the joint venture. BT Telecom India, an Indian joint venture of BT Group, applied to the Indian government in November for licenses to provide national and international long-distance services. The government awarded it letters of intent in December, as a first step to the award of licenses. As part of its expansion in India, BT announced Tuesday that it has signed an agreement for the acquisition of i2i Enterprise, a Mumbai-based enterprise services company specializing in IP (Internet Protocol) communications services for Indian and multinational companies. The acquisition would be through its Indian joint venture, BT said. I2i already has licenses to provide international and national long-distance services, Internet services, and Internet telephony services. Verizon is planning to offer its telecommunications services to multinational companies that are expanding in India, as well as Indian companies expanding abroad. It has set up a joint venture, Verizon Communications India, with India's Leo Communications, a part of the Videocon Group of Mumbai. Verizon will hold a 74 percent stake in the joint venture, while Leo will hold the balance 26 percent. Verizon Business is one of three operating units of Verizon Communications, and delivers IP, data, voice and wireless services to large business and government. In India, Verizon Business plans to offer a full range of services to multinational customers, including MPLS (Multiprotocol Label Switching), international private leased circuits and IP VPNs (virtual private networks).
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Il 60% per Europa, entro 2010 in India-Cina 25% fatturato
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General Motors Corp., the world's  largest automaker, will sign an agreement this week to sell its  money-losing locomotive unit to two private U.S. equity groups,  sources familiar with the negotiations said on Tuesday.
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The private equity firm said it had agreed to buy an Indian back-office company, Intelenet Global Services Ltd., for an undisclosed sum.
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General Electric (GE), the worldâs largest conglomerate, has divested a majority stake (60 per cent) in its back office arm - GE Capital International Services (GECIS) â-or $480 million to two private equity firms, General Atlantic Partners and Oak
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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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General Electric has selected Indian outsourcing company HCL Technologies to set up and operate GE's development centers in India and China. HCL, of Noida, near Delhi, will set up and operate the centers over three years, HCL said on Monday. It declined to give specifics, but such centers often develop software for use internally by companies.
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General Electric Co.&#39;s  energy  unit will pay $603 million for a stake in Regency Energy  Partners LP , an owner of natural gas pipelines and  storage equipment, The Wall Street Journal Online reported on  Tuesday.
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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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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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A unit of the industrial, financial and media conglomerate General Electric Co. said Wednesday it will buy the water treatment company Ionics Inc.
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U.S. conglomerate General Electric   has agreed to buy British oilfield services firm Sondex   for 288.7 million pounds ($583.1 million) in cash, the  two firms said on Monday.
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Mobile phone major Bharti Enterprises, which plans to enter India's retail market with Wal-Mart, said its agreement with the US-based giant was within the rules set for investments in the sector.