Partners Spotlight: Thomson Reuters; GE

Mon, 2015-11-16 13:25 -- SCC India Staff

Thomson Reuters

Thomson Reuters is exploring strategic options for its Intellectual Property (IP) & Science business, which had revenue of about $ 1 billion in 2014.

The business, which has 3,200 employees, provides intellectual property and scientific information and associated tools and services to governments, universities and companies. 

"While a few of IP & Science's businesses operate at the intersection of global commerce and regulation, the vast majority of the unit does not align in the same way as our other business units," Chief Executive Jim Smith communicated to it's employees via email.

GE to build 1,000 trains for India

General Electric (GE) has bagged a mega $ 2.6 billion contract to supply 1,000 diesel locomotives for India, as the country looks for ways to upgrade its rail network.

As part of the 11-year deal, GE will build a $ 200 million manufacturing facility in Bihar and will form a joint venture with the Indian Railways.

"This infrastructure project is further evidence of India's position as a growth engine for Asia," GE CEO Jeff Immelt said in a statement. "It is a major advancement and milestone for India and for GE."