Page 6 - Siemens

Private sector's cost efficiency drive aiding Siemens' profitability

Acquisition of C&S Technologies is seen margin accretive and will augment exports

Siemens December-quarter net profit up over 11% at Rs 295 crore

The jump in profit came mainly on the back of higher revenues

CCI approves acquisition of Varian Medical Systems by Siemens Healthineers

The Competition Commission of India (CCI) on Wednesday said it has given nod to acquisition of 100 per cent shares and sole control of Varian Medical Systems by Siemens Healthineers. As per a combination notice filed with the regulator, the transaction relates to the acquisition of 100 per cent shares of common stock and sole control of Varian by Siemens Healthineers Holding I GmbH, which is a wholly-owned subsidiary of Siemens Healthineers AG. The proposed transaction will bring together Siemens Healthineers' imaging equipment and Varian's oncology treatment solutions, allowing for a more innovative, efficient and comprehensive oncology solutions provider, the notice said. It will benefit cancer patients with improved treatments with the goal of ultimately turning cancer into a manageable disease, which is the driving rationale for the proposed transaction, it added. "Commission approves acquisition of 100% shares & sole control of Varian Medical Systems by Siemens Healthineers,"

Siemens reports stronger than expected results, to review outlook

The trains-to-factory software maker said it would review its outlook for fiscal 2021 when it publishes its first-quarter earnings in full on Feb. 3.

Ola to build Rs 2,400-crore EV manufacturing facility with Siemens

To set up global AI-powered facility in Tamil Nadu, according to a prior deal

Ola partners with Siemens for electric vehicles manufacturing facility

The manufacturing facility is coming up in Tamil Nadu

Siemens trades near record high on strong outlook; surges 25% in two months

The management has indicated that the automotive segment continues to face headwinds especially in passenger vehicles and commercial vehicle segment and going ahead sees recovery to be very gradual

Top headlines: Stalemate over farm laws continues, HCL Q3 net profit up 31%

Business Standard brings you top news of the evening

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

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

Siemens rallies 8% on good operational performance in September quarter

The EBITDA (earnings before interest, taxes, depreciation, and amortisation) margin improved 180 basis points (bps) YoY to 12.9 per cent, largely led by a 210bp YoY expansion in gross margins.

Siemens Sept quarter profit slips 5% to Rs 333 cr on higher expenses

The company's board recommended a dividend payment of Rs 7 per equity share of Rs 2 each.

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.

Covid-19 antigen testing: India next stop for Siemens Healthineers

The investment is part of Siemens Healthineers' strategy 2025, in which India plays an important role as a growth market for the firm.

Siemens Healthineers to invest Rs 1,300 cr in India innovation hub

The company also said it has plans to hire an additional 1,800 digital tech experts in the next 10 years

The role Siemens' tech played in building Atal tunnel

Apart from hugely cutting travel time and making difficult terrain accessible, Leh tunnel has an automation system that minimises probability of production failure to nearly nil

Five key facts you need to know about the Atal Tunnel

The tunnel inaugurated by Prime Minister Narendra Modi on Saturday is not just the longest facility at such an altitude but is also a technology marvel in many ways

Siemens energy shares recover after initial slump on Frankfurt debut

Siemens intends to keep a blocking minority stake of the business of around 25% for the next five years after its initial sale of shares over the next 18 months

Siemens leases 730,000 sq ft space in Bengaluru at Rs 70 cr a year

The facility is part of a 1.6 mn sq ft complex at Hosur Main Road. Deal tenure is nine years with a two-month rent-free period and 8% escalation after 14 months

Nifty outlook & stock picks by Nilesh Jain of Anand Rathi: Buy FDC, Cyient

The momentum indicator for FDC has reversed from the overbought territory which hints of further positive momentum in the counter