British engineering company Rolls-Royce said it was in constructive talks with Spain over the sale of its Spanish unit ITP Aero, after a media report said Madrid could block the deal. Rolls-Royce is hoping to secure up...
Hitachi’s acquisition of GlobalLogic a bump up for Indian E&RD segment
The $31 billion engineering, research and development (E&RD) sector in India is in a jubilant mood with Japan’s Hitachi announcing the acquisition of US-based software development firm GlobalLogic for $9.6 billion...
GMM Pfaudler acquires a new plant in Ahmedabad in liquidation sale
Process equipment maker GMM Pfaudler on Tuesday acquired the manufacturing plant of heavy engineering firm HDO Technologies near Ahmedabad in a liquidation sale for a cash consideration of Rs 58.5 crore. The former is...
GE to wind down GE Capital after shedding jet-leasing unit
General Electric Co. Chief Executive Larry Culp is turning off the lights at GE Capital, a once-sprawling lender, and shedding debts that have hung over the industrial giant since the 2008 financial crisis. On...
Siemens completes sale of Flender unit to Carlyle Group
Siemens has completed the sale of its Flender mechanical and electrical drive systems business to Carlyle Group for an enterprise value of 2.025 billion euros ($2.41 billion), the German engineering company said on...
AerCap confirms aircraft-leasing business talks with General Electric
Ireland’s AerCap Holdings NV on Tuesday confirmed ongoing discussions with General Electric Co to acquire its aircraft-leasing business. The U.S. business, known as GE Capital Aviation Services or GECAS, is one of the...
Jet leasing shake-up looms as AerCap and GE unit discuss tie-up
Aircraft leasing is poised for its biggest shake-up in almost a decade as its top two players, AerCap Holdings and General Electric Co’s GECAS, discuss a deal to forge an industry titan with more than 2,000 jets, people...
GE nears deal to combine aircraft-leasing unit with AerCap: report
General Electric Co is nearing a $30 billion-plus deal to combine its aircraft-leasing business with Ireland’s AerCap Holdings NV, the Wall Street Journal reported on Sunday citing people familiar with the matter...
Govt to sell 16% stake in IRCON to raise about Rs 662 crore
The government of India plans to sell up to 7.52 crore shares or 16 per cent stake in IRCON International through an offer for sale (OFS) on Wednesday and Thursday to raise about Rs 662 crore. The floor price of the...
L&T to invest in IT services, divest infra assets to be future ready: CEO SN Subrahmanyan
Engineering major Larsen & Toubro plans to invest more in technology services business to increase its share in the company’s portfolio, while exiting infrastructure assets where it is a developer, Managing Director...
GE T&D to sell global engineering operation division to GE India Industrial for Rs 87 crore
GE T&D India on Saturday said it has agreed to sell its Global Engineering Operations Division (India for Global) to GE India Industrial Private Ltd for a consideration of Rs 87.3 crore. “Subject to approval...
EIL shareholders approve ₹587 crore share buyback plan
Shareholders of state-owned Engineers India Ltd (EIL) have approved buyback of nearly 7 crore shares for about ₹587 crore with a view to return surplus cash to shareholders, the largest being the government of India. In...
