GE sells 60% of pioneering India division
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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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German firm Deutsche Boerse buys a 5% stake in India's Bombay Stock Exchange (BSE), a report says.
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Bharat Forge has bought its second German company in less than a year, strengthening a strategy designed to give India's biggest auto-components group a larger manufacturing presence in Europe.
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NEW DELHI : General Electric Co., a pioneer in business processing in India, has sold a majority stake in its Indian outsourcing arm, GE Capital Services, to two US-based private equity investment firms for US$500m.
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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 Co., a maker of jet engines, plastics and appliances as well as owner of the NBC television network, said Friday that its board raised the company&#39;s quarterly dividend by 10 percent to 22 cents per share, and authorized the repurchase of
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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 said commercial loans and major equipment sales contributed to the rise, and it confirmed the sale of its subprime mortgage unit.
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General Motors said it was buying 50 percent of the Italian diesel engine maker VM Motori from Penske Corporation.
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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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India plans to buy 40 Hawk trainer jets for its air force from defence group BAE Systems in addition to 66 purchased for 1.45 billion dollars in 2004, officials said.
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General Electric Co. said Friday that it is raising its quarterly dividend by 10 percent to 22 cents per share, and could buy back up to $15 billion worth of stock over the next three years.
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The share floatation of India's Reliance Power raises $3bn (Â£1.5bn), making it India's biggest initial public offering.
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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. 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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Citigroup  is keen on selling 80 percent of its business process outsourcing (BPO) arm in India for $700-$750 million, the Mint said on Tuesday, on the heels of Blackstone's  acquisition of a back-office firm.
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General Electric Co., the world&#39;s biggest company by market value, will buy back as much as $15 billion in stock and raise its dividend as Chief Executive Jeffrey Immelt&#39;s growth strategy generates more cash and profit.