General Electric Co (GE.N) is exploring options for its aircraft leasing operations, including the sale of all or part of the business, as Chief Executive John Flannery searches for new divestitures, according to people...
AXISCADES acquires Mistral for Rs 175 crore
AXISCADES, the product engineering services firm backed by Rajeev Chandrasekhar’s Jupiter Capital, has acquired Bengaluru-based defence product firm Mistral for Rs 175 crore as it looks to expand newer business...
L&T to sell subsidiary EWAC Alloys for Rs522 crore
Engineering major Larsen and Toubro Ltd (L&T) on Wednesday announced the sale of unlisted subsidiary EWAC Alloys Ltd as part of its strategy to exit non-core businesses. In a stock exchange filing, Larsen and Toubro...
Larsen & Toubro acquires full stake in L&T Cassidian
Larsen & Toubro today said it has acquired the remaining 26 percent stake in L&T Cassidian Ltd — a joint venture between the engineering conglomerate and Airbus Defence and Space GmbH (Airbus DS)...
Talking to GE to tweak $2.5 billion locomotive deal: Piyush Goyal
Two years after signing an agreement with General Electric Co. for a local diesel-engine factory, India said it is in talks to alter the contract as it favors electric locomotives. Railway Minister Piyush Goyal said the...
Alstom, Siemens to merge rail businesses to counter China’s CRRC
German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the international advance of China’s state-owned CRRC Corp Ltd...
ABB buys GE business for $2.6 billion in bet it can boost margins
Power grids maker ABB is buying General Electric’s Industrial Solutions business for $2.6 billion in a bet it can improve the division’s lackluster margins over the next five years, the Swiss engineering company said on...
Siemens sells Worli office property for Rs 610 crore
Engineering and technology firm Siemens today said it has sold its Worli office property for Rs 610 crore to Whispering Heights Real Estate Pvt Ltd, a joint venture of Reco Solis Pte Ltd and K Raheja Corp Group. The...
Alstom, Siemens in talks to merge rail ops
French train maker Alstom and German engineering group Siemens said on Friday they were in talks about a tie-up of their rail activities as European companies struggle to cope with competition from China. A deal between...
GE nears sale of its industrial unit to ABB: Bloomberg
General Electric Co (GE.N) is nearing a deal to sell its industrial solutions unit to Swiss engineering company ABB Ltd (ABBN.S) in a deal valued at $2.5 billion to $3 billion, Bloomberg reported, citing people with...
Siemens in talks with Alstom and Bombardier for rail deal
Siemens AG is negotiating with Alstom SA as well as Bombardier Inc. about potential rail combinations, giving the German engineering company two options to pursue consolidation in the industry, according to people...
Greaves Cotton ties up with two others for 3-wheeler engines
Engineering major Greaves Cotton today said it has inked a pact with MLR Auto and Continental Engines to develop engines for three wheelers. The partnership aims at developing a new generation of powertrains for three...
