SIEMENS AG
At China’s big import fair, sellers try to crack a tough market
At the China International Import Expo in Shanghai, a plethora of international firms exhibited their products tailored for the growing Chinese consumer market. Emphasizing the importance of cutting-edge technology and skilled craftsmanship, businesses recognize the fierce local competition, with Chinese manufacturers enhancing their capabilities.
Union Minister Piyush Goyal interacts with Indian diaspora in Germany, lauds contribution to 'Karmabhoomi'
Union Minister of Commerce and Industry Piyush Goyal held an insightful interaction with members of the Indian diaspora in Germany, lauding their invaluable contributions to their adopted homeland while calling upon them to actively participate in India's rapid economic growth journey.
Siemens launches fresh AI reinvention drive to boost returns
Starting Oct. 1, four units within the top division, Digital Industries, will combine into a single automation business. Connecting sales, technology and data across separate silos is designed to extract more value from software and AI layered onto Siemens hardware.
Nomura raises target price of stock that’s up over 150% in 2026; stock soars another 6%
Shares of Avalon Technologies rose sharply on Monday after Nomura raised its target price to Rs 2,767 from Rs 2,211 while retaining a Buy rating. The brokerage said Avalon’s joint venture with Zollner Electronic will expand its capabilities, add global customers and support entry into healthcare, test and measurement, and European markets.
Siemens AG looks to ride AI data centre wave
Chief Technology Officer, and Chief Strategy Officer at Siemens AG, Peter Koerte said, “Data centres are growing significantly, double-digit around the world.”
Siemens India to spinoff energy operations
Siemens Ltd. has approved a proposed demerger of its energy business into a separate unit, with the Indian unit of the German engineering firm Siemens AG also approving the immediate incorporation of a wholly-owned unit in Mumbai. This comes a month after Siemens AG announced it will buy an 18% stake in subsidiary Siemens Ltd for €2.1 billion.
- Go To Page 1
Siemens AG to acquire 18% stake in Siemens India for €2.1 billion
Siemens has also agreed with Siemens Energy for indirect financial measures worth €1 billion, to allow third parties to arrange guarantees for Siemens Energy.
Siemens Ltd Demerger: Siemens AG to buy Siemens Energy's stake for €2.1 billion
"This would increase Siemens’ stake in the publicly listed Siemens Ltd India from 51% to 69%, while Siemens Energy’s stake would decrease from 24% to 6%. With the intended acquisition, Siemens and Siemens Energy accelerate unbundling the business activities of the Indian subsidiary of Siemens," the company said in a statement.
Siemens to pick Siemens Energy's stake in India JV at 15% discount
Siemens AG intends to buy an 18% share from Siemens Energy in their Indian joint venture Siemens Ltd for €2.1 billion ($2.28 billion), at a 15% discount on the average price. The stake buy would increase Siemens' stake in Siemens Ltd. India from 51% to 69%, while Siemens Energy's stake would decrease from 24% to 6%.
Siemens shareholders vote against sale of low-voltage motors business to parent
Siemens has announced that shareholders have voted against the sale of its low-voltage motors and geared motors business to a subsidiary of Siemens AG for a consideration of Rs. 2,200 crore. Nearly 74% of the votes were against the resolution to approve transactions. Public non-institutional shareholders voted 94.1% in favour of the sale whereas promoter & promoter group and public institutions voted 78% against the sale.
Siemens board okays large drives applications biz sale to Siemens AG arm for Rs 440 cr
The LDA business within Siemens Ltd recorded revenue from operations of Rs 4,437 million for FY 2021 and an operating profit of Rs 251 million, it added. s of FY 2021, the LDA business contributed 3.4 per cent and two per cent, respectively, to the total revenue from operations and profit from operations of Siemens Ltd.
75F raises USD 5 mn from Siemens AG, taking the total Series A funding to USD 28 mn
Henning Sandfort, CEO of Building Products at Siemens Smart Infrastructure said: "This investment signals a broader industry shift toward energy efficiency and the technologies that make those savings accessible to more customers."
Siemens AG sells Siemens shares worth over Rs 8,520 crore
Siemens Aktiengesellschaft is the parent company of Siemens Ltd.
Siemens says parent transfers 24% stake in company to energy subsidiary
In India, the gas and power business would continue to be a part of the listed company Siemens.
Siemens AG elevates CTO Roland Busch as CEO with aim to push digital business
German engineering major Siemens AG has appointed Roland Busch as president and chief executive officer of its global operations as a part of its strategy to set in place the next generation of management, the company said in a statement on Thursday.
Siemens India to hive off healthcare arm for Rs 3,050 crore
German conglomerate Siemens AG announced the sale and transfer of its healthcare undertaking in the country for a consideration of Rs 3,050 crore to Siemens Healthcare.
Siemens bags Rs 55 crore order from Algeria's Sonelgaz Group
Siemens Ltd said it has bagged an order worth about Rs 55 crore for supply of high voltage circuit breakers from an arm of the Sonelgaz Group of Algeria.
Siemens to delist in London and Zurich, Indian subsidiary won’t get affected
Shares of the company rose 3 per cent to an intra-day high of Rs 915 on BSE on rumours of delisting. They later came off highs to end at Rs 910.30, up 2.2%.
Siemens’ job-cut plan by end of 2014 may hit India arm too
Siemens AG has decided to cut 15,000 jobs by the end of 2014, triggering speculation about the possible downsizing of its India operations.
German parent’s job cut plans to hit Siemens India
Siemens will cut 15,000 jobs globally; it has 19,000 employees in India.
Siemens bags Rs 271 crore order from Rashtriya Ispat Nigam
Vizag steel plant's modernisation is a part of the expansion project which is intended to boost annual pig iron production to 7.3 million tonnes.
Gurgaon Metro project to be run by Seimens and IL&FS Rail Ltd
The 7km metro rail link under the Gurgaon Metro South project will be undertaken by a consortium including Siemens Ltd, a flagship company of Siemens AG.
Siemens posts 21% jump in profit at Rs 73.07 cr in Q3
"The company had registered profit after tax of Rs 60.2 crore in the Oct-Dec quarter of the year 2012," Siemens Ltd said.
CCI approves Winergy Drive Systems' amalgamation with Siemens Ltd
CCI has approved the proposed amalgamation of wind mill equipment maker Winergy Drive Systems India with diversified entity Siemens Ltd.
Siemens AG sells 1.2% stake in Indian arm, scrip falls 3% on BSE
Siemens AG sold 1.2% stake in its Indian arm for Rs 280 crore on Wednesday to comply with domestic listing regulations, the co told ET.
TD Power inks agreement with Siemens AG; stock zooms 14%
Shares of TD Power Systems Pvt Ltd surge over 14% in early trade on Monday after the company signed a licence agreement with Siemens AG for 20 years.
Siemens Ltd promoter's open offer at Rs 930/share; scrip soars
Siemens Ltd today said that its German parent Siemens AG has made an open offer to buy 19.82 per cent equity in the company at Rs 930 per share.
World Bank bars Siemens for fraud in Russian project
The World Bank has banned Limited Liability Company Siemens, a Russian subsidiary of Siemens AG, from participation in the agency's projects for four years.
Siemens buys its local IT arm for Rs 449 crore
Siemens has announced that its wholly-owned IT subsidiary, Siemens Information Systems, will be transferred to the parent, Siemens AG, in a deal worth Rs 449 crore.
Load More
