General Electric Ge

What Sets GE Aerospace's GEnx Engine Apart: Five Facts to Know

GEnx celebrates its fifteenth year of service in 2026, five things about this groundbreaking engine.

GE Aerospace to invest $14 million in its Pune manufacturing facility

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,

When DLF's K P Singh fulfilled Rajiv Gandhi's wish of bringing GE to India

When Rajiv Gandhi was the prime minister, he was determined to bring General Electric into India and his wish was fulfilled by DLF's K P Singh, who helped catalyse the American giant's presence in this country, says a new book. Singh talks about his journey through India's transforming landscapes and his indelible contributions to the industry in "Why the Heck Not", published by Penguin Random House India. Co-authored with Aparna Jain, Singh also writes about the bold risks and visionary decisions that shaped his career, as well as the challenges he overcame. Delving into the GE story, the book says in the mid to late '80s, Gandhi revered GE chairman and CEO Jack Welch as a business icon. Determined to bring him to India, he dispatched the Indian envoy in Washington, Ambassador P K Kaul, to extend a formal invitation, it says. "At the time, India was not globally known for business prospects and was not a priority on the lists of investors and entrepreneurs. Jack refused Kaul, blu

PM Modi, Prez Biden welcome jet engine pact between GE Aerospace-HAL

The two leaders also reiterated the importance of nuclear energy as a necessary resource to meet climate, energy transition, and energy security needs of both the nations

India-US bilateral relationship: Is it soft power at work or hard?

While it feels good to talk about yoga, the diaspora and other manifestations of soft power, the true driver of relations is hard power; soft power only contributes some garnish, writes T N Ninan

India-US jet engine deal: What are jet engines? Why is this deal important?

Technology around manufacturing jet engines capable of powering fighter aircraft is very closely guarded and remains the biggest impediment for countries wanting to develop their own combat aircraft

General Electric raises profit outlook despite growing risks of recession

CEO Larry Culp told Reuters that GE's businesses had not seen any loss in momentum despite growing risks of an economic recession as soon as the second half of the year

Air India may find it cheaper to buy jets, thanks to Tata's credit profile

On the strength of its excellent financial track record, Tata Group was able to secure Power-By-Hour (PBH) agreements with engine manufacturers GE and Rolls Royce

GE forecasts higher earnings in 2022 after supply chain woes hit Q4 revenue

GE's shares were down 1.8% at $95.17 in premarket trading.

GE to split into three companies, ending conglomerate for good

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

Carl Icahn's investment firm appoints former GE dealmaker as CEO

Icahn Enterprises has market capitalisation of more than $13 billion and investments in energy, metals and real estate, among others

Letter to BS: Jack Welch's contribution to HR management will be remembered

The performance appraisal system (2X2 Matrix) introduced by him made ethical grounding more important than outstanding performance

The GE way out

It appears that Dow Jones has dropped the storied conglomerate GE - which has had a very disappointing few years and in fact decades - from its "industrial average" index the world's most widely watch

We'll be ready for 50% localisation in defence biz: GE's South Asia chief

In a Q&A, Vishal Wanchoo talks about how horizontal business lines of additives and digital are giving a push towards advance manufacturing

India unit drives GE's plan to build 'digital twins' of everything

GE has developed about 700,000 digital twins globally, 200,000 of which were built at the India technology centre

General Electric to set up Centre of Excellence for skill development in TN

The proposed Centre will impart skill development training to diploma holders and Plus two pass students

General Electric ties up with Tatas for jet engine, defence

John L Flannery, Chairman and CEO of GE, meets buisness leaders in Delhi, Mumbai

Tata Group, GE partner to manufacture Leap engine components in India

The two companies also announced their intention to jointly pursue military engine and aircraft system opportunities for the India market

General Electric to cut 12,000 jobs in power business revamp

Nearly a third of Swiss workforce and 16% of German staff likely to be axed

General Electric to cut 4,500 jobs in Europe: Source

A labor union source confirmed the layoff numbers to Reuters on Wednesday and said an official announcement was expected as early as Thursday