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France backs GE bid for industrial jewel Alstom

Last Updated: Friday, June 20, 2014, 22:49

Economy Minister Arnaud Montebourg said he had sent a letter of intent to GE head Jeff Immelt laying out the terms of the alliance.

Alstom battle heats up as rivals sweeten bids

Last Updated: Friday, June 20, 2014, 12:57

The battle for French group Alstom heated up on Friday, as Siemens-Mitsubishi and General Electric sweetened their rival bids to win over the government and tie-up with the firm`s main power-generation division.

GE sweetens offer for France`s Alstom

Last Updated: Friday, June 20, 2014, 09:33

General Electric on Thursday sweetened its offer for French power-to-rail group Alstom to win the government`s backing for its bid over a rival offer by Siemens and Mitsubishi.

GE set to boost Alstom bid, rivalling Siemens, Mitsubishi

Last Updated: Wednesday, June 18, 2014, 21:08

General Electric is set to make an improved offer for parts of French power-to-rail group Alstom by the end of the week, informed sources said on Wednesday.

Siemens-Mitsubishi invites Paris into battle for Alstom

Last Updated: Tuesday, June 17, 2014, 22:59

Shares in Alstom fell 1.24 percent to close at 28.97 euros, compared to an overall rise of 0.58 percent for France`s main stock index.

Siemens, Mitsubishi unveil joint bid for Alstom energy assets

Last Updated: Tuesday, June 17, 2014, 10:44

Siemens said in a statement that it "intends to acquire 100 percent of Alstom`s gas business.

GE says it will not enter Alstom bidding war

Last Updated: Monday, June 16, 2014, 23:54

US industrial giant General Electric Monday said it would not engage in a "bidding war" for energy assets of French company Alstom as Siemens and Mitsubishi unveiled a rival bid.

Mitsubishi offers to buy 10% stake in Alstom: report

Last Updated: Sunday, June 15, 2014, 12:32

France is worried that Alstom`s business base may weaken should its energy assets be bought by foreign firms.

Siemens, Mitsubishi join forces to woo Alstom

Last Updated: Wednesday, June 11, 2014, 22:41

The battle for Alstom`s energy assets today intensified with Germany`s Siemens joining forces with Japan`s Mitsubishi to draw up a bid for the French `national jewel`.

Siemens bets big on Modi govt for economic revival

Last Updated: Monday, June 02, 2014, 16:04

German engineering and electronic major Siemens AG is pinning hopes on the new government led by "strong and experienced" Narendra Modi to revive the economy, clear clogged investment pipelines and expedite decision- making process as it chases growth in this "promising" market.

Germany's Siemens to axe about 11,600 jobs

Last Updated: Friday, May 30, 2014, 17:31

German industrial giant Siemens plans to eliminate around 11,600 jobs around the world.

Jakson Group receives Rs 200 crore EPC orders last fiscal

Last Updated: Monday, May 19, 2014, 18:31

Jakson Group bagged EPC orders worth Rs 200 crore for its electrical contracting and solar businesses in the last financial year ended March 2014.