GE sells India back office unit stake for $500 mn
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New Delhi, November 8: General Electric Co said on Monday it had sold a 60 per cent stake in its pioneering Indian business process outsourcing unit for $500 million, making it the largest deal in the country&#39;s booming back-office industry.
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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.'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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The government of Singapore and Telekom Malaysia Bhd agreed to buy a 48 percent stake in India&#39;s Idea Cellular from three companies for US$390 million to tap into India&#39;s wireless market.
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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 building and security systems unit.
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Energy Transfer Partners L.P. ETP.N   on Friday said it will buy Transwestern Pipeline from GE Energy   Financial Services and Southern Union Co. SUG.N for about   $1.47 billion.
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NEW DELHI, NOV 8: The back office unit of General Electric Co, which sold a 60 per cent stake to two global equity firms, said on Monday it had no market listing plans.
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Diversified manufacturer General  Electric Co. GE.N on Friday said it boosted its quarterly  dividend by 10 percent and earmarked up to $15 billion for  share repurchases over the next three years.
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MINNEAPOLIS - Food conglomerate General Mills Inc. said Monday it is selling its stake in a European snack operation for $750 million to beverage giant PepsiCo Inc.
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[Business India]: New Delhi, Nov 8 : General Electric Co., the world&#39;s top conglomerate, today announced that it has sold a majority of its pioneering Indian back-office unit to two private equity firms for 500 million dollars to help the subsidiary gain
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Delta Air Lines (nyse: DAL - news - people ) on Monday said it inked a commitment letter from General Electric&#39;s (nyse: GE - news - people ) GE Commercial Finance arm for $500 million of financing.
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Deutsche Boerse buys a 5% stake in India's Bombay Stock Exchange (BSE), a report says.
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TOKYO (CBS.MW) - General Electric Co. said Wednesday it will buy Australian Financial Investments Group, a holding company for home loan lenders, to boost its mortgage business in that country.
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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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General Mills Inc. (GIS.N: Quote, Profile, Research) on Monday said it would sell an $835 million stake in its cereal unit to a private equity group and use the money
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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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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.