Page 8 - Siemens

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

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