Page 7 - Siemens

Siemens' decision on sale of mechanical drives business attracts criticism

Company says segment had low profitability

Siemens sells mechanical drives business to Siemens AG subsidiary

With effect from January next year, subject to receipt of requisite statutory approvals.

Siemens' acquisition of C&S Electric India operations gets CCI approval

Siemens has an agreement to acquire 99 per cent equity in New Delhi-based C&S Electric for around Rs 2,100 crore

Siemens posts Rs 2 cr loss in June quarter due to Covid-19 disruptions

In the year-ago period, the company logged a profit of Rs 250.1 crore, a BSE filing said.

Siemens Healthineers to acquire Varian Medical Systems for $16.4 billion

Siemens expressly welcomed the deal and would raise the money for the bridging loan by issuing bonds

Nifty view & stock calls by Anand Rathi: Buy Bharti Airtel, Manappuram Fin

The momentum indicators and oscillators are very well in the buy mode on the weekly scale which hints that bulls are making a comeback and the current pullback is likely to extend further

Top headlines: Tatas in talks for AirAsia stake, google tax collection dips

From govt calling off merger of three public general insurers to technology players in fray for railway signalling tender, here are top headlines of the day.

Bombardier, Hitachi, Siemens in fray for railway signalling tender

Though Railtel's arm hasn't mentioned the size of the tender, it is expected to be worth Rs 1,000-1,500 crore.

Relief for pharma firms as govt starts clearing API imports from China

This comes after a week of economic disruption caused by introducing stringent scrutiny, resulting in shipments originating in China getting held up at Indian ports.

The new essentials: A peek at best-selling vacuum cleaners and dishwashers

It is no wonder that gadgets that can help ease the pressure are in hot demand

Domestic capital goods companies seek price preference policy from Centre

Companies like Siemens suggest the government needs to reduce the cost of doing business to ensure domestic firms grow

Siemens inks pact to buy 99% equity in C&S Electric for Rs 2,100 crore

Siemens on Friday said it has inked an agreement to acquire 99 per cent equity in New Delhi-based C&S Electric for around Rs 2,100 crore. "In a step to meet the increasing demand for electrification across industry, infrastructure and buildings in India, Siemens Ltd today (on Friday) signed an agreement to acquire New Delhi-based C&S Electric Ltd," according to a statement by Siemens. Siemens will acquire about 99 per cent of the equity share capital of C&S Electric for around Rs 2,100 crore (nearly EUR 267 million). Closing of the acquisition is subject to regulatory approvals, the statement added. In the future, Siemens envisions this partnership to pave the way for the establishment of a design and manufacturing hub in India, supporting the export of electrification solutions to fast-developing markets around the world, it added. The scope of the acquisition comprises the Indian operations of C&S Electric's low-voltage switchgear components and panels, low- and ...

Moral considerations and profit maximisation

There are countless examples of corporates supporting horrible regimes. United Fruit, Shell, Rio Tinto are some of the better known cases

Siemens will back controversial Australian coal project: CEO Joe Kaeser

The German company had said it would decide by Monday on its involvement in the project

Greta Thunberg calls on Siemens to review Adani's Australia coal project

The Australian government last year approved the construction of a new coal mine in Queensland by Adani that is expected to produce 8-10 million tonnes of thermal coal a year.

Derivatives strategy by Nandish Shah of HDFC Sec: Buy Siemens Dec Futures

Stock price has broken out on the daily chart by closing above the resistance level of 1,520 with higher volumes

Slowdown is hurting Siemens India stock, despite a business reorganisation

The bill-to-book ratio in the September quarter fell to the lowest since 2015-16, indicating that underlying economic conditions are unfavourable even for smaller orders

Siemens net rose 18.4% in Sep quarter to Rs 330 cr on higher revenues

Siemens on Tuesday reported an 18.4 percent increase in consolidated net for the quarter to September at Rs 330.6 crore driven by higher revenue. The company, which follows the October-September fiscal year, said revenue from operations increased 5.7 percent to Rs 4,018 crore during the fourth quarter. For the full year, its net income jumped 21.6 percent to Rs 1,087 crore on an revenue of Rs 13,323.1 crore, up 8.38 percent over the previous year. "The overall performance was very satisfactory despite a challenging market environment. Based on our visibility, we see muted capex spending in the next couple of quarters by both public and private sector companies," Siemens managing director Sunil Mathur said. Despite the slowdown, its gas & power and digital industries businesses along with its smart infrastructure division, performed well during the year, and Mathur credited this for the initiatives taken across the verticals. "Our digitalisation initiatives continue .

To boost economy, Centre must pave way for tendering: Siemens MD and CEO

Some of the measures taken (by the government) are absolutely the right signals, said Mathur

Improving fundamentals, course correction add power to Siemens stock

Sharper business focus, relatively favourable valuations also augur well for the firm