NEW DELHI General Electric Co (GE.N) expects revenues from the company's Indian business to grow between 15 and 20 percent on a "sustainable basis", its Chief Executive Jeff Immelt said on Friday.
GE, which installed India's first hydro power plant in 1902, has Indian revenues of about $2.8 billion and employs about 15,000 people there.
All of GE's global businesses are present in India. GE says it exports over $1 billion in products and services from India.
(Reporting By Devidutta Tripathy; Editing by Daniel Magnowski)
Wall St rises as hawkish Fed boosts financial stocks
Wall Street rose on Monday morning, helped by financial stocks that gained a day after Federal Reserve Chair Janet Yellen said the case for an interest rate hike had strengthened.
Dollar at 3-week high, bonds and stocks sell off on hawkish Fed
LONDON The dollar rose to a three-week high against the yen on Monday, while bond yields surged to their highest since June and stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate increase was on the cards in the near term.
Gold hits near 5-week low after Fed strikes hawkish note
LONDON Gold slid to a near five-week low on Monday after comments from top Federal Reserve officials fuelled speculation that U.S. interest rates would rise sooner rather than later, weighing on the dollar.