Page 2 - General Electric
Wall Street edges up as earnings season gains speed; General Electric up 4%
Of the 84 companies that have posted earnings through Tuesday morning, 86.9% have topped analyst expectations, according to Refinitiv data
 "Wall Street edges up as earnings season gains speed; General Electric up 4%")
S&P 500 scales new high on upbeat corporate earnings; GE jumps 8%
The Dow Jones Industrial Average rose 8.5 points, or 0.03%, at the open to 30968.55
 "S&P 500 scales new high on upbeat corporate earnings; GE jumps 8%")
General Electric tops free cash flow estimates, offers upbeat 2021 outlook
The Boston-based industrial conglomerate predicted a free cash flow of $2.5 billion to $4.5 billion this year after generating cash flow of $4.4 billion in the fourth quarter
 "General Electric tops free cash flow estimates, offers upbeat 2021 outlook")
Top headlines: Stalemate over farm laws continues, HCL Q3 net profit up 31%
Business Standard brings you top news of the evening
 "Top headlines: Stalemate over farm laws continues, HCL Q3 net profit up 31%")
GE alleges Siemens Energy used stolen trade secrets to rig contract bids
The litigation is the latest legal battle involving the corporate rivals, which have squared off in lawsuits over patent infringement as recently as last year
 "GE alleges Siemens Energy used stolen trade secrets to rig contract bids")
GE alleges Siemens Energy used stolen trade secrets to rig contract bids
General Electric accused a Siemens Energy subsidiary of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities, and cover-up improper business gains
 "GE alleges Siemens Energy used stolen trade secrets to rig contract bids")
IT major TCS to acquire General Electric's stake in TCS Saudi Arabia
IT major Tata Consultancy Services (TCS) on Tuesday said it will acquire GE's stake in Tata Consultancy Services Saudi Arabia for $12,471
 "IT major TCS to acquire General Electric's stake in TCS Saudi Arabia")
GE warns of more job cuts at aviation unit citing a long road to recovery
The job cuts are the latest setback for the aviation sector, with the industry's woes expected to last into 2021
Siemens Energy exits coal; India entity not to see much impact in business
Company, which is part of Siemens Ltd, said it would discontinue support for development of new coal- fired power plants.
 "Siemens Energy exits coal; India entity not to see much impact in business")
General Electric posts quarterly profit as biz recovers from pandemic lows
GE said it expects industrial free cash flow to be at least $2.5 billion in the fourth quarter and positive in 2021
 "General Electric posts quarterly profit as biz recovers from pandemic lows")
The corona deals
The pandemic will hurry the closure of brands and businesses that would have gone into gradual decline. Wait then for more deals to be announced in media and entertainment
IAF gets second Tejas squadron; Air Chief shows the way with solo sortie
Air force chiefs, including Pakistan's recently, often go up for a spin to boost the morale of their fighter pilots.
 "IAF gets second Tejas squadron; Air Chief shows the way with solo sortie")
Covid-19 delays delivery of first indigenous aircraft carrier by 6 months
The first phase of the warship's trials - termed basin trials - was initially scheduled to begin on March 12 at Cochin Shipyard (CSL), where INS Vikrant has been constructed
 "Covid-19 delays delivery of first indigenous aircraft carrier by 6 months")
Day 1 of lockdown 3.0: India limps back, but industry still in limbo
With public transport still not allowed in 130 red-zone districts, which comprise some of the economically important urban centres, people took out their private vehicles.
 "Day 1 of lockdown 3.0: India limps back, but industry still in limbo")
Neutron Jack's better legacies
Welch had the less-acknowledged talent of working productively with people he didn't get along with and meticulously planning his succession
 "Neutron Jack's better legacies")
Jack Welch: Wall Street darling & management guru who remade GE dies at 84
The former GE chairman and CEO, whose blunt style and ceaseless cost cutting earned him the sobriquet "Neutron Jack," mentored proteges who went on to run some of the world's best-known companies
Upbeat Rolls-Royce says it is finally getting over engine troubles
Rolls-Royce expects to deliver 450 of the wide-body engines in which it specializes this year
 "Upbeat Rolls-Royce says it is finally getting over engine troubles")
NTPC snubs foreign emissions tech for plant, shuts out GE from $2-bn orders
The rejection of the foreign technology comes at a time when over half of coal-fired plants in India are already set to miss a phased deadline to cut emissions
 "NTPC snubs foreign emissions tech for plant, shuts out GE from $2-bn orders")
General Electric plans to freeze pensions to save up to $8 bn, cut debt
GE also is likely to set aside about $11 billion to cover liabilities for its long-term care insurance business.
 "General Electric plans to freeze pensions to save up to $8 bn, cut debt")
GE working to solve battery issues for EVs: South Asia CTO Alok Nanda
We are bringing Edge technology to wind and gas turbines and also aircraft engines, says Nanda
 "GE working to solve battery issues for EVs: South Asia CTO Alok Nanda")
