Indian markets started on a strong note on Monday tracking positive global cues. The S&P BSE Sensex reclaimed the 54,000 mark while the Nifty50 inched closer towards 16,200 levels in the first 15-minutes of trade. Sectorally, buying was seen in IT, metals, capital goods, industrials, utilities, and the public sector. Nifty50 is likely to face … Read more
Siemens, a heavy electrical equipment maker, witnessed a breakout from a six-month-long consolidation which suggests that the momentum is here to stay. The stock with a market capitalisation of more than Rs 91,000 crore hit a 52-week high of Rs 2,586 on 5 July 2022 which resulted in a breakout above the neckline of the … Read more
Siemens Healthineers is an €18-billion German medical device and health-tech powerhouse which collaborates with 90% of the top hospitals globally and whose technologies heavily influence critical clinical decisions worldwide. They have been in India for almost 90 years, and doing R&D here for close to three decades. They even have a manufacturing plant in Vadodara … Read more
NEW DELHI: Siemens on Friday said it is selling its Large Drives Applications (LDA) business to one of the subsidiary of the promoter at a cash consideration of Rs 440 crore. The business contributes 3.33 per cent of the company’s revenue. Siemens AG, promoter of the company, intends to purchase the LDA Business of Siemens, … Read more
The government will review norms of the design linked incentive (DLI) program which envisages to support 100 companies involved in product design in the semiconductor space as part of a Rs 76,000 crore scheme for developing the electronic chip ecosystem in the country, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Sunday. … Read more
An informal partnership that kept Germany’s economy tethered to China’s for decades is unraveling, threatening Berlin’s—and Europe’s—post-pandemic recovery as the Asian giant stages a powerful comeback. The relationship that saw Germany provide China with the machines to power its economy helped the German economy recover rapidly after the financial crisis. But German business leaders say … Read more