The transaction epitomises the changing nature of the global economy, with a 100-year-old US company selling what was once one of its core units to a Chinese upstart that emerged from a refrigerator factory that was nearly bankrupt 30 years ago
Speaking shortly after a meeting with Prime Minister Narendra Modi, Immelt said India needed to "homogenize" its liability law with the rest of the world.
According to Jeff Immelt, CEO, General Electric, the 'Make in India' initiative would be quite significant for the company. "I see a big opportunity in India after quite a long time," he said.
One problem for any successor is that Buffett, by dint of his long stewardship of Berkshire and the outperformance he has delivered over most of the past half century, has the freedom to make mistakes or underperform the stock market in ways that could cost other CEOs their jobs.
GE's presence in most parts of the global economy, including energy, finance, manufacturing and transportation, makes it a harbinger of macroeconomic trends.
As the finance minister gets ready to present the Union Budget for the next fiscal, he has got thumbs up from a key foreign investor. General Electric chairman and CEO Jeff Immelt today said that P Chidambaram's return as the FM was a positive.
V Raja tells Forbes India that by quitting when the going is good, he’s only applying former GE CEO Jack Welch’s philosophy to his personal life.
General Electric Co is experiencing "tremendous demand" for its core industrial products, including gas turbines and aircraft engines, the head of the largest US conglomerate said.
General Electric Co kicked off a big push in solar power, unveiling plans to build a new factory that it says will be the largest in the United States and a large round of orders for solar products.
General Electric's chairman and chief executive officer Jeff Immelt said it was too early to know what impact the nuclear power crisis in Japan would have on the nuclear power industry.
The world has entered a new economic era that will be more volatile and more dependent on the growth of emerging economies, General Electric Co Chief Executive Jeff Immelt said in a letter to shareholders.
CNBC-TV18's Menaka Doshi caught up with Azim Premji of Wipro at the venue to find out his views surrounding some of the global concerns.
US companies want a lot out of Chinese President Hu Jintao when he visits Washington this week. They have a long list of moans and desires.