Page 4 - Siemens

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

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 ...