Siemens

In a Q&A, Peter Schardt talks about the Rs 1,300 crore campus his company is setting up in India, and dwells on the firm's plans in the country

The official said that all the accused were presented at a Special PMLA Court in Visakhapatnam which remanded them to seven days' custodial remand

Decent upside in the stock given that most analysts are positive with target prices ranging Rs 3,250-3,800

On Wednesday, shares of Cera Sanitaryware, Jindal Stainless, Siemens, and Triveni Turbine recorded new all-time highs, despite weak market

Overall, Siemens is expected to further strengthen its leadership position through further penetration of automation and digitization products & services across segments, ICICI Securities said

Siemens Ltd on Tuesday posted 85 per cent rise in consolidated net profit at Rs 462.7 crore for December quarter on the back of higher revenues. In the year-ago period, net profit of the company was Rs 250 crore, as per a BSE filing. The company follows October-September financial year. Total income rose to Rs 4,116.8 crore in the quarter from Rs 3,480.9 crore in the same period a year ago. It said Willem Rudolf Basson has tendered his resignation as director of the company, with effect from May 1, 2023, due to other commitments. The company's board, based on the recommendation of the Nomination and Remuneration Committee, has appointed Juergen Wagner as an Additional Director (non-executive non-independent) of the company. Wagner's appointment is with effect from May 1, 2023 or on allotment of Director Identification Number (by Ministry of Corporate Affairs), whichever is later, subject to approval of members of the company. Wagner is not related to any director of the company

Timken India, Praj Industries, AIA Engineering and ABB were among other individual stocks from the S&P BSE Capital Goods index, up 4 - 5 per cent each.

The contract is the single biggest order for Siemens, the company said in a disclosure to the stock exchanges, and will be used for freight transport

Siemens, India will manufacture 1,200 electric freight locomotives of 9,000 HP each for the railways, according to the terms of a contract valued at Rs 26,000 crore, the national transporter said on Saturday. The Indian Railways has issued a letter of award (LoA) for the manufacturing and maintenance of the 9,000-HP electric freight locomotives to Siemens, India. "Railways factory at Dahod, Gujarat will manufacture 1,200 high horsepower (9,000 HP) electric locomotives over a period of 11 years. It would entail manufacturing of 1,200 locomotives and maintenance of these locomotives for 35 years. The estimated value of contract is about INR 26,000 crore (about 3.2 billion USD), excluding taxes and price variation," the railways said in a statement. An agreement with Siemens, India will be signed within 30 days of the issuance of the LoA. The prototype locomotives are to be delivered in the next two years. The Dahod unit will be fully constructed for manufacturing these locomotives ..

CLOSING BELL: The central bank increased repo rate by 35 basis points and lowered GDP growth forecast for FY23 to 6.8 per cent as it remained cautious of a sticky core inflation amid global turmoil

Engineering firm Siemens has emerged as the lowest bidder for a project for manufacturing 1,200 electric locomotive of 9000 HP (horse power) worth over Rs 20,000 crore at Dahod in Gujarat. Indian Railways had floated the tender for manufacturing and maintenance of 9,000 HP electric locomotives at Dahod in April this year. "Siemens Limited has emerged as the lowest bidder (L1) for the 9000 HP electric locomotives project in Dahod, Gujarat, India," a BSE filing said. Prime Minister Narendra Modi in April laid the foundation stone for the manufacturing project of 9,000 HP electric locomotives at the Railway production unit in Dahod. The cost of the project was estimated at around Rs 20,000 crore. The Dahod workshop, established in 1926 for periodic overhaul of steam locomotives, is being upgraded to electric locomotive manufacturing unit with infrastructural improvements. It is expected to provide direct and indirect employment to over 10,000 people. The 1,200 locomotives will be ..

Stocks to Watch Today: In the F&O space, BHEL, Delta Corp, Indiabulls Housing Finance and PNB are the stocks in ban period on Thursday.

At least 4 of the five bidders have formed JVs for the Rs 26,000-crore order

Company-owned by Canadian billionaire responds to a media report about the sale

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The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by Siemens Ltd against the invocation of its bank guarantees by Meenakshi Energy. Meenakshi Energy Ltd (MEL) which is presently facing insolvency proceedings, was setting up a 700 MW thermal plant, in which Siemens was a sub-contractor for the project. The appellate tribunal has upheld the earlier order of the Hyderabad bench of the National Company Law Tribunal (NCLT) in this regard and noted the bank guarantees were invoked by MEL on the ground that Siemens failed to perform its obligations in terms of the agreements. "... Also keeping in view that we do not find any material on record with respect to any fraud, we do not find any illegality or infirmity in the order of the Impugned Order (of NCLT)," said a two-member NCLAT bench. The Resolution Professional of MEL had sought permission for the release of Rs 2.50 crore and permitted it to be utilised against the overall outstanding amount of Rs 13.06 cror

Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows

As the Indian government pushes forEV adoption and installing the public charging infrastructure, Siemens has stressed that it has proven capabilities to help the government

Technology company Siemens said India will be a key hub to further accelerate the digital transformation initiatives of its customers globally. Siemens, which is focused on industry, infrastructure, transport as well as transmission and generation of electrical power, has over 6,000 software engineers at its development centres in the country, according to the company On Tuesday, the company launched its 'Xcelerator' platform in India, which is an open and evolving digital business ecosystem. It comprises a comprehensive, curated portfolio that includes digital and Internet of Things (IoT)-enabled offerings from Siemens, and certified third parties, the company said. "India will play a key role in the global roll-out of Siemens Xcelerator India will be at the forefront and a key hub to further accelerate the digital transformation efforts of our customers worldwide," said Peter Koerte, Chief Technology Officer and Strategy Officer at Siemens AG. With the launch of the platform, t

Germany's Siemens Healthineers on Friday announced strategic partnerships with HealthCare Global Enterprises, Narayana Health and the Indian Institute of Science as part of its strategy to make India an innovation centre for its global operations. The medical technology company said the partnerships will focus on fighting the most threatening diseases, enabling efficient operations and expanding access to patient care. In a virtual press conference, Siemens Healthineers Chief Technology Officer Peter Schardt said the partnership with HealthCare Global Enterprises Ltd (HCG) will focus on advancing cancer care with patient-centric solutions for the entire clinical pathway. It will also look to enhance research on diagnostic imaging technologies, artificial intelligence and precision therapy based on intelligent and image-guided treatment. With Narayana Health (NH), Schardt said the focus will be on improving cardiovascular care and the usage of interdisciplinary solutions to optimise