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CCI approves acquisition of Alstom's India assets by GE

Last Updated: Tuesday, May 19, 2015, 19:18

Fair trade regulator Competition Commission of India (CCI) has approved the acquisition of Alstom's India assets by General Electric as part of global deal.

GE says EU has halted review of Alstom deal

Last Updated: Tuesday, May 12, 2015, 08:36

The European Commission`s suspension of the review procedural and does not signify a major barrier to winning approval, GE spokesman Seth Martin said Monday.

GE ties up with Qualcomm, Apple in new lighting business bet

Last Updated: Monday, May 4, 2015, 22:18

General Electric Co on Monday announced collaborations with Qualcomm Inc and Apple Inc as it uses digital technology and the growing appetite for data to reinvigorate its 130-year-old lighting business.

Capgemini to buy IGATE in USD 4 billion US expansion push

Last Updated: Tuesday, April 28, 2015, 04:46

French IT services and consulting company Capgemini said today it was buying New Jersey-based IGATE for USD 4 billion (3.7 billion euros), boosting its US-generated business to 30 per cent of its total activity.

GE in talks to sell lending unit for $74 bn: Report

Last Updated: Tuesday, April 21, 2015, 03:46

General Electric, refocusing on its industrial roots, is in talks to sell its USD 74 billion commercial lending unit to Wells Fargo, the fourth-largest US bank, The Wall Street Journal reported on Monday.

GE in talks to sell lending, leasing portfolio to Wells Fargo: Source

Last Updated: Monday, April 20, 2015, 23:43

General Electric Co is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.

Strong dollar hit to GE, Honeywell may bode poorly for other industrials

Last Updated: Saturday, April 18, 2015, 00:32

General Electric Co and Honeywell International Inc said on Friday they will take steps to cushion the impact of a stronger dollar, which hurt first-quarter results at both companies.

GE to sell bulk of finance unit, return up to $90 billion to investors

Last Updated: Friday, April 10, 2015, 23:32

Blackstone Group LP and Wells Fargo & Co confirmed that they were buying most of the assets of GE Capital Real Estate for about $23 billion.

GE to sell real estate holdings, sets $50 billion share buyback

Last Updated: Friday, April 10, 2015, 17:38

General Electric Co said it would sell the bulk of its real estate portfolio to investors including Blackstone Group and Wells Fargo & Co for $26.5 billion, in the biggest commercial real estate deal since 2007.

GE earnings jump 61%, beat forecasts

Last Updated: Friday, January 23, 2015, 21:12

US conglomerate giant General Electric on Friday reported a robust jump in profits for the fourth quarter as it shifts focus back to its core industrial roots.

GE proposed to invest Rs 3,000 crore in Maharashtra

Last Updated: Thursday, January 22, 2015, 16:31

US-based General Electric (GE) has proposed to invest Rs 3,000 crore in Maharashtra during a meeting with state Chief Minister Devendra Fadnavis at World Economic Forum meet in Davos.

Alstom shareholders approve sale of energy biz to GE

Last Updated: Monday, December 22, 2014, 12:50

Shareholders of French firm Alstom have approved the sale of the company's energy businesses to General Electric. This would, however, be subject to various other approvals.