NTPC rejects foreign emission reduction technology, to miss December deadline; shuts out GE, others from $2 bn orders
NTPC had presented cost estimates in 2016 for the installation of the technology to cut nitrogen oxides throughout its network of power plants.
GE booked six orders for its advanced, HA-class turbines in the quarter, up from none a year ago
Each month of the grounding could cost Boeing around $1.8 billion to $2.5 billion in delayed revenue, according to analyst estimates, although that could be recouped once the ban is lifted and the planes are delivered.
Jet Airways says five planes grounded due to scheduled termination of engine lease, technical reasons
Jet Airways' troubles have been worsened by a rising debt-pile, amid intense competition in the Indian aviation sector and higher oil prices.
General Electric warns $2.6 bn diesel locomotives contract rejig will undermine 'Make in India' drive
GE had won a $2.6 billion contract in 2015 to supply Indian Railways with 1,000 diesel locomotives.
The engine of an American Airlines Group Inc jet caught fire seconds from takeoff at Chicago's O'Hare International Airport on Friday, prompting the crew to abort its departure and evacuate passengers via emergency chutes
When Buffet buys the biggest bank of all the oversold US banking system gets a good vote of confidence from the best bank analyst on the Street. Investors, however, can buy the shares of other bank stocks that have been beaten down, now that the sector appears to be rallying.