General Electric News
GE Aerospace signs MoU with HAL to produce fighter jet engines | Mint Primer | Mint
Discover the significant partnership between GE Aerospace and Hindustan Aeronautics Limited in India, focusing on the production of fighter jet engines for the Indian Air Force. This collaboration, coinciding with Prime Minister Modi’s visit to the US, aims to transfer advanced technology and bolster defense ties. Explore the implications of this strategic deal, including the joint production of GE’s F414 engines and potential cooperation on drone procurement and defense pacts. Join us as we delve into this pivotal development in international defense technology cooperation.
30 Jun 2023PM Modi Wins Over Top CEOs; India To Get Jet Engines, Semi Conductor Mfg., Investments | Details
During his three day state visit to the U.S., Corporate America queued up to meet PM Modi. These meetings were carefully curated keeping India’s strategic vision, need for tech and investments in mind. Some of the top CEOs PM Modi met included Genere Electric’s Chairman H Lawrence Culp Jr, Tesla CEO, Elon Musk, Gary E. Dickerson, CEO Applied Materials, Micron President & CEO Sanjay Mehrotra among others. Outcomes of these meetings will prove to be crucial for India in years to come as India positions itself to get the best and the biggest to invest in the country while the world tries to diversify away from China. Watch to find out the details.
23 Jun 2023General Electric on Surprise Profit as CEO Sees Turnaround Accelerating
The shares climbed 7.4% to $7.63 at 9:39 a.m. in New York, confounding a slump in the broader marketIndustrial free cash flow was $514 million in the third quarter. Analysts had expected GE to burn through $968.3 million in cash
1 min read28 Oct 2020General Electric targets carbon neutrality for its own operations by 2030
From 2011 through last year, the company reduced its own greenhouse gas emissions by 21%, beating its goal for a 20% drop by this yearAbsolute cuts to direct emissions and energy use will account for a majority of the reductions at the maker of gas turbines and jet engines, said CEO
1 min read15 Oct 20203M names General Electric executive Monish Patolawala as CFO
Prior to GE, Monish Patolawala worked with accounting firm KPMGMonish Patolawala, 51, currently serves as the CFO of GE’s healthcare unit. He will replace Nick Gangestad, who will retire, 3M said
1 min read3 Jun 2020General Electric to cut 10,000 aviation jobs
The company aims to reduce its aviation employment base by 25 percent, or some 13,000 employees.
1 min read5 May 2020GE tries to break Rolls-Royce grip on engines for Airbus jet
The GEnx turbine could offer airline customers fuel savings and lower costsThe GEnx engine platform is an option on Boeing’s 787 Dreamliner wide-body and is set to be the exclusive power plant for the 777X in development
1 min read19 Feb 2020GE shares fall up to 15% on Madoff whistleblower calling its finances a fraud
Harry Markopolos accused GE of hiding $38 billion in potential lossesGE’s true debt to equity ratio is 17:1, not 3:1, which will undermine its credit status, says Markopolos
4 min read16 Aug 2019Centre of gravity for innovation has gradually shifted to growth markets: GE’s Vishal Wanchoo
What came out of labs of large corporations is today being done by startups... Reverse innovation is now a magnet for talent in markets, says WanchooWanchoo explains the use cases, challenges and scope of reverse innovation
4 min read8 Mar 2019Opinion | Hitachi’s ABB deal isn’t just an escape hatch
Done right, Hitachi may just have found more than just an out from Japan
3 min read17 Dec 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared