American energy giant General Electric is increasing its footprint in India’s power sector by integrating its renewable and grid offerings. The company that got a hold in the country’s power sector, after it acquired Alstom’s energy business in a global takeover in 2015
General Electric forecast adjusted earnings of 50 cents to 60 cents per share in its 2019 outlook on Thursday, below analysts’ expectations of around 70 cents as new Chief Executive Larry Culp ploughs ahead with asset sales and restructuring.
The diesel locomotive manufacturing unit being built by General Electric in Bihar is not aligned with the plan of the Indian Railways to operate electric trains, the Comptroller and Auditor General of India has said.
Once-dominant industrial giant General Electric announced today it will shed its healthcare business to concentrate on power and aviation, in the latest attempt to shore up the struggling company.
U.S. buyout group Advent has agreed to buy General Electric’s (GE) distributed power operations for $3.25 billion, the companies said on Monday.
And then there were none. General Electric, the last original member of the Dow Jones industrial average, was dropped from the blue-chip index late Tuesday and replaced by the Walgreens Boots Alliance drugstore chain.
Slumping industrial conglomerate General Electric won a reprieve on Wall Street Friday after reporting strong results in some divisions even as it suffered a quarterly loss due to a hefty legal charge.
General Electric Co’s transportation unit said on Tuesday several North American railroads have placed orders this year for 225 refurbished locomotives, although it declined to say which railroads ordered the equipment.
General Electric Co is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion, according to people familiar with the matter.
Leading manufacturers of medical equipments, General Electric, will soon set up a centre of excellence for skill development in the city-based Sri Ramakrishna Hospital, a senior company official said today.