Chennai, September 1, 2005 -- GE Consumer Finance, the global consumer-lending unit of the General Electric Company (GE) and its third-biggest division, today announced the launch in Chennai of GE Money, the new global umbrella brand for all GE businesses providing consumer financial services. With this launch all existing GE Countrywide products will henceforth go to market as GE Money.
GLASGOW, MT - August 17, 2005 - General Electric and Boeing will begin testing new technology to further reduce noise on the already quiet Boeing 777-300ER aircraft, which are powered by GE90-115B engines.
The three-week flight test at Boeing's Glasgow, Montana, test facility is part of Boeing's Quiet Technology Demonstrator 2 (QTD 2) program. QTD 2 is a collaboration between Boeing, General Electric, Goodrich's Aerostructures division, NASA, and All Nippon Airways to validate new technologies designed to reduce noise on the aircraft and engine.
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Bangalore, August 30, 2005 - GE Healthcare, a division of General Electric Company (NYSE: GE), today announced the launch of "HF Advantage", the next generation of X-ray systems in India. This product is powered by High Frequency X-ray technology enabled by a state-of the-art generator, which are used only in high-end CTs and X-rays till now. The HF Advantage has been developed at GE's world-class R&D Centre - The John F. Welch Technology Centre in Bangalore.
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Mumbai, July 20, 2005 - GE Commercial Finance Real Estate today announced its official entry into commercial real estate investment in India. GE will invest US $63 million in a newly formed fund - the India IT Parks Fund - sponsored by Asia's leading business space provider, Ascendas Pte Ltd ("Ascendas"). Ascendas has also invested in the fund along with other international investors.
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New Delhi, Saturday, July 2, 2005: Scott Bayman, President and CEO, GE India, today confirmed that GE has reached a comprehensive settlement of its Dabhol-related disputes with the Government of India, the Government of Maharashtra and its entities and the Indian lenders to Dabhol. The settlement includes financial consideration in partial payment of various contractor claims for work completed but not paid and in exchange for the transfer of GE's ownership interest in Dabhol.
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New Delhi, June 23, 2005 - GE Energy today announced that as part of its India growth strategy, it will be targeting revenues of more than US$1 billion in the country by 2010. GE Energy is one of the world's leading suppliers of power generation and energy delivery technology, with 2004 revenue of $17.3 billion.
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New Delhi, June 13, 2005 - GE Commercial Aviation Services (GECAS), a unit of GE Commercial Finance, today announced the opening of a new office in New Delhi to better serve airline customers in India. GECAS is a leading provider of fleet, financing and productivity solutions to the global aviation industry.
"The aviation industry in India is poised for tremendous growth and we've set up a local office there to be closer to our customers," said Norman Liu, Executive Vice President, commercial operations for GECAS.