In Brief: GE picks India's HCL for development centers
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(InfoWorld) - General Electric has selected Indian outsourcing company HCL Technologies to set up and operate GE's development centers in India and China. HCL, of Noida, near Delhi, will set up and operate the centers over three years, HCL said on Monday. It declined to give specifics, but such centers often develop software for use internally by companies. Many multinational companies have tapped Indian expertise for setting up development centers, hiring staff and managing these centers. Under the build-operate-transfer (BOT) model, for example, the Indian partner sets up the facility, hires staff, and manages the development work for the foreign company until it decided to make the operation its own subsidiary. British insurance company AvivaÂ announced last month that by January 2008 it will move over 5,000 business process outsourcing (BPO) staff from Indian service providers to Aviva Global Services, its offshore division in India. The company had executed BOT agreements with its suppliers. GE, of Fairfield, Connecticut, already outsources software development to a number of Indian outsourcing companies, including Tata Consultancy Services and Satyam Computer Services.
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NEW Google features and services would come from the company&#39;s research centre in the southern Indian city of Bangalore, where Google has been on a hiring spree, founders Larry Page and Sergey Brin said.
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German car maker BMW has short-listed Gurgaon in Haryana as one of the possible sites for locating its proposed plant in India.
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Hewlett-Packard has built a 70,000-square-foot data center in Bangalore that it is powering with diesel fuel. But it hopes to reduce energy costs by using a sensor-based cooling technology.
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Dell Inc.  said on Thursday it  would locate its first Indian manufacturing facility in the  state of Tamil Nadu, following a memorandum of understanding  between the firm and state officials.
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(InfoWorld) - General Electric CEO Jeffrey Immelt warned an audience of Indian business leaders Friday that India's strong economic growth wouldn't come at the expense of the economic health of countries like the U.S. Immelt made the remarks at the Global Alumni Conference of the Indian Institute of Technology (IIT), which drew close to 4,000 people to Santa Clara, California. IIT, with seven campuses throughout India, has 100,000 alums worldwide, about 25,000 of whom live and work in the U.S. Immelt acknowledged that the offshoring of U.S. positions to India has cost the nation jobs and reduced its manufacturing base. But Indian companies need to grow enough to expand globally, creating jobs in the U.S. "The challenge to India is can the standard of living of India grow by a hundredfold without the standard of living of America going down at the same time?" Immelt said in a keynote address. "India's ability to figure out the win-win, to figure out a way the whole pie gets bigger, that it's not just taking from one place to the other, that in the end is going to determine whether this will be the Indian century." Immelt cited Japanese companies like Toyota and Canon that succeeded by expanding beyond Japan's borders to invest in global markets. He encouraged Indian companies to pursue the same strategy. Of GE's total work force of 300,000, 13,000 live and work in India, and the company plans to add 4,000 jobs there over the next few years. While India's economy is growing, Immelt said it still needs significant new investment in infrastructure, including roads, power plants, and other facilities. GE specializes in infrastructure technology, including nuclear power reactors and gas turbines as well as medical equipment and jet engines. U.S. Senator Hillary Clinton, a Democratic candidate for president in 2008, cancelled a planned visit to the Global Alumni Conference to give a Friday afternoon address. She received boos from some in the audience when it was announced that she'd speak to them only via a satellite TV link.
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Google.org, the philanthropic arm of Google Inc., has teamed up with the Soros Economic Development Fund and Omidyar Network to fund a $17 million company that will invest in small- and medium-size business in India.
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General Electric Co., the world&#39;s top conglomerate, said on Monday it had sold a majority of its pioneering Indian back-office unit to exit a non-core business
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The Mangalore Refineries and Petrochemicals Ltd (MRPL) proposed to invest Rs 1,300 crore over a period of time in improving plant and upgrading products, Oil and Natural Gas Corp Ltd (ONGC) Chairman Subir Raha said today.
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Intel Corp., the world's largest maker of computer microchips, is evaluating India as one of the options for setting up a chip manufacturing unit, its chief executive said on Thursday.
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By Manash Goswami  Reliance Industries, India's most valuable company, approved a plan to buy all the shares it does not own in Indian Petrochemicals, aiming to consolidate chemicals manufacturing in one company.
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NEW DELHI : General Electric Co., a pioneer in business processing in India, has sold a majority stake in its Indian outsourcing arm, GE Capital Services, to two US-based private equity investment firms for US$500m.
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Greenstone Holdings, Inc. (PINKSHEETS: GSHG) announced today that the Company will introduce its chemical product GreenShield(TM) to the industry, including potential customers, at the International Builders' Show ("IBS") in Orlando, FL this week.
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BANGALORE: Google Bangalore, the first R&amp;D centre outside the US of the number one internet search engine, is to be an âideasâ centre, said the fab-two who set up the company six years ago.
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Plans to outspend Boeing in India could mean more commercial and defense business in the country.
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General Electric Co., a pioneer in businesss processing in India, is looking to reap up to one billion dollars from the disposal of outsourcing operations in the country, the Wall Street Journal reported in its Asian edition.
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Dell Inc., the world's biggest personal computer maker, signed an agreement Thursday with the government of Tamil Nadu to locate a manufacturing plant in the southern Indian state to help serve new clients in the fast-growing computer market