To steer the growth of GE's commercial finance business as it seeks to substantially grow its portfolio in India
New Delhi, July 24, 2006 - Tejpreet Singh Chopra has been appointed President & CEO of GE Commercial Finance India. A ten-year GE veteran, Chopra brings considerable management and global finance experience to his new post, which he assumed in May 2006.
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Chennai - July 21, 2006 - Madras School of Economics (MSE) has partnered with GE Money USA to set up 'The GE Money-MSE Decision Sciences and Financial Research Lab' (GMDSFL). The Lab is designed to support and promote quantitative research in decision sciences to test and implement fresh ideas for GE's consumer finance businesses globally. This high-end Lab will be funded by GE Money, USA and staffed by world-class Ph.D.-level research faculty and graduate students of MSE.
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Corporate Communications
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New Delhi, 10 July, 2006 - GE Money, the consumer finance unit of the General Electric Company (GE), today announced an increase in its benchmark floating reference rate by 0.75% with effect from Saturday, July 1, 2006.
This increase in the benchmark floating reference rate is on account of changed financial market parameters with respect to borrowing costs.
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Project Will Create World's Largest Refinery Complex
Mumbai, July 6, 2006 - GE's Oil & Gas business will supply compression technology to Reliance Petroleum Ltd. (RPL) for a greenfield project in Jamnagar that will result in the world's largest refinery complex at a single location, with the capacity to process almost 2% of the world's crude oil.
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New York, NY and Stamford, CT. -- June 2, 2006 - Credit Suisse and GE (NYSE: GE) announced today that they intend to form a US$1 billion joint venture to invest in global infrastructure assets. The joint venture, which Credit Suisse plans to form with GE Infrastructure, intends to invest in energy and transportation infrastructure assets worldwide. Each party plans to commit US$500 million to the joint venture.