General Electric

GE Aerospace will invest USD 14 million to expand the capacity of its manufacturing facility in Pune, taking the total investment announced in less than two years for the 10-year-old site to USD 44 million. The components made at the facility are used for GE90, GEnx, GE9X and LEAP engines. CFM, an equal joint venture between GE and Safran, manufactures the LEAP engines. In a release on Thursday, the company announced it will invest USD 14 million in the Pune manufacturing facility and added that the investment builds upon the USD 30 million announced last year. "The new investment will strengthen the site's capabilities through upgraded manufacturing processes and automation, including enhancements that support advanced engine components," the release said. At current exchange rate, USD 14 million investment is worth around Rs 124 crore. A network of more than 300 suppliers serves the Pune facility, and across India GE Aerospace has over 2,200 suppliers. "Over the past 10 years,

During an inspection at the air show, Air Chief Marshal AP Singh conveyed his dissatisfaction to officials from HAL, expressing a lack of confidence in the state-run aerospace firm

Delivery of the F404 engines for Indian Air Force's locally-made Tejas Light Combat Aircraft Mk1 series was pushed back to March 2025, the official said

GE Aerospace has reportedly promised to start deliveries by either March or April 2025, amounting to a two-year delay

The Federal Aviation Administration (FAA) in February barred Boeing from boosting 737 MAX production after a door panel blew out during a Jan 5 flight on a 737 MAX 9 operated by Alaska Airlines

Wipro GE Healthcare on Tuesday said it will invest over Rs 8,000 crore in India over the next five years to increase local manufacturing and research and development (R&D) initiatives. The company, a leading global medical technology, pharmaceutical diagnostics, and digital solutions provider, said as a part of the investment, its 'Made in India' PET CT Discovery IQ scanner will be exported to 15 countries. Additionally, locally produced Revolution Aspire CT, Revolution ACT and MR breast coils will be manufactured 'In India for the World', the company said in a statement. The strategic investment bolsters the company's local manufacturing footprint to address the growing domestic and international market. It will also build supply chain resiliency for the organisation, it added. Wipro GE Healthcare Chairman Azim Premji said India is riding the resurgent growth in the healthcare industry and rapidly expanding MedTech sector. "With 'Make in India', we are witnessing an exponential .

Kalra has been a leader in business transformation - the key focus area of Genpact - with more than 30 years of experience

The announcement was timed to coincide with Indian Prime Minister Narendra Modi's landmark visit to the United States this week

The announcement was timed to coincide with Indian Prime Minister Narendra Modi's landmark visit to the United States this week

The development comes at a time when Indian Prime Minister Narendra Modi is on an official state visit to the United States

Companies using such securities raised more capital in 2022-23 than at any point in the last 8 years

Azad Engineering has signed a long-term supply agreement with General Electric (GE) Steam Power for supply of nuclear turbineparts

General Electric Chairman and CEO Larry Culp is taking on the additional role as the top executive at the company's aviation business. Culp eight months ago engineered the break up of the conglomerate in which it would spin off its health care and energy divisions, with the aviation wing remaining under the control of GE. GE said Monday that aviation's current CEO, John Slattery, will become executive vice president and chief commercial officer of the business. The Boston company had begun to carve off pieces of itself not long after the financial crisis in 2008, and those efforts accelerated when Culp took over in 2018. Also on Monday, GE said Russell Stokes, currently senior vice president of GE and president & CEO of GE Aviation Services, is being named CEO of Commercial Engines and Services. Shane Wright, chief financial officer and chief operating officer of the aviation business, is retiring. Wright will be succeeded in the CFO post by Rahul Ghai, who is currently executive

Johnson and Johnson, GE and Toshiba recently announced split into multiple entities. Do the demands of an emerging market like India require a different approach? Let's find an answer to this question

What does the breaking up of General Electric tell us about the future of Indian conglomerates? What does the virtual summit between US President Joe Biden and Chinese President Xi Jinping tell us about India’s future ties with the US? And, what does India need to do, to make green hydrogen affordable?

Live news updates: The world is on track for disastrous levels of global heating despite carbon-cutting pledges from governments at the UN COP26 summit, say analysts.

Culp, 58, became GE's CEO in October 2018 after joining it as a board director six months earlier

Culp wanted to pursue the idea, and pruned GE through other deals in the mean time

Company will be divided into separate units focused on aviation, health care & energy

GE Power India on Tuesday said its consolidated net profit rose over 5 per cent to Rs 39.33 crore in September quarter 2021-22.