SIEMENS ENERGY AG
India to be deep tech powerhouse and big part of Siemens' game plan
Siemens AG plans to increase software and digital services sales to 20%, with India being a key player in this strategy, according to CEO Roland Busch. The company has invested in expanding its software portfolio and collaborating with Microsoft on AI technology. India is a vital region for Siemens, where it aims to grow its human resources capital and manufacturing capabilities, targeting both local and global markets.
Sembcorp files suit against Siemens Gamesa over unsettled arbitration
Sembcorp's India unit has filed a lawsuit in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business assets before settling an ongoing arbitration. The arbitration pertains to alleged default in executing a contract. Sembcorp has sought an injunction over the sale, which includes Siemens Gamesa's shareholding in India.
India bridging infra gaps to be a global manufacturing hub: Siemens executives
Siemens executives affirm India's potential as a manufacturing powerhouse, with a focus on infrastructure development. Leveraging India's talent pool, Siemens aims to drive growth through AI innovation and strategic partnerships in semiconductor manufacturing.
MFs voice 'noes' loudly at governance shortfalls
Data from primeinfobase.com showed the percentage of votes opposing resolutions soared to a record high of 8.55% in FY24, a notable leap from 7% in FY23 and 4.62% in FY22. This substantial increase aligns their position more closely with the practices observed in developed markets, where institutional investors typically oppose 8-10% of resolutions proposed by companies.
Smarter energy use is a new green bet for big-money investors
The business of energy efficiency is attracting greater interest after power and natural gas prices jumped during a global energy crisis.
Accumulate Siemens, target price Rs 4,359: Prabhudas Lilladher
We remain positive on SIEM from a long-term perspective given 1) its strong and diversified presence across industries through focus on electrification, digitalization & automation, 2) product localization, 3) strong balance sheet, 4) healthy public & private capex and 5) focus on cost efficiencies. The stock is currently trading at a PE of 63.0x/54.5x SY24/25E valuing it at PE of 60x SY25E (same as earlier).
- Go To Page 1
Fundamental Radar: Siemens to see 15% sales CAGR over FY23-26 led by 3 segments: Sneha Poddar
The company has also been benefiting from decarbonisation-related initiatives from corporates and the uptick in investments in data centres, automation and digitization.
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.
Stocks in news: LIC, Granules, Siemens, CAMS, Hero MotoCorp, GAIL
Granules India announced that the USFDA has approved its Abbreviated New Drug Application, filed by Granules Pharmaceuticals, a wholly owned foreign subsidiary of the company, for Sildenafil for Oral Suspension.
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 demerger: What the investors need to know
“It would be more of a legal demerger process and maybe internally, they have outlined December 25 as a timeline. But what the announcement misses to mention is, is it only a demerger or is it a demerger and listing? If it is only a demerger, then Siemens Energy will remain unlisted as a subsidiary of Siemens India Limited and will operate independently.”
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%.
World’s top renewable firms reel even as installations surge
Some of the largest wind turbine and solar panel manufacturers are seeing their most serious financial challenges in years even as deployments of clean energy head for an annual record.
Siemens Energy weighs sale of stake in Indian firm to Siemens -sources
Bloomberg, which first reported the possible stake sale, said Siemens Energy may announce the divestment of shares in Siemens Ltd as early as this week, citing people familiar with the matter.
Wind power is caught in a perfect storm
The storm is caused by the wrenching recovery of renewable from the Covid-19 pandemic and years of supply chain disruptions making raw materials expensive.
G-7 trade chiefs slam weaponisation of economic dependencies
The G-7 trade ministers are working to widen the network with developing nations with the aim to ensure resilient supply chain for essential and key items such as semiconductors, critical minerals and batteries.
Wind 'Turbinegeddon' is a troubling climate omen
The wind industry is entrapped by a variety of troubles instead of flying high.
Germany enters recession: Europe's largest economy is breaking down
Decades of flawed energy policy, the demise of combustion-engine cars and a sluggish transition to new technologies are converging to pose the most fundamental threat to the nation’s prosperity since reunification. But unlike in 1990, the political class lacks the leadership to tackle structural issues gnawing at the heart of the country’s competitiveness.
Don't see slowdown in India, our fastest-growing market: Roland Busch, Siemens AG's CEO
"We recently did our five-year planning and we looked into the markets and market growth. India is number one in terms of growth. So therefore, we see a lot of momentum in the industrial, mobility, infrastructure and electrification space as India is very serious on driving renewables up. This is where we have a lot of business and local production," said Roland Busch, Siemens AG's CEO.
Electric vehicle transformation to net India investments worth $300 billion
"At the same time, there's not enough batteries. So, there's battery manufacturing being built in the world. There's a lot of semiconductor capability being rebuilt. Also, the F&B segment is trying to reinvent itself because of supply-chain and in terms of sustainability. In India, intralogistics is also one segment," Neike said.
China’s factories to the world brace for tsunami of Covid cases
Outbreaks have the potential to cripple production or tear through employee rosters, threatening the global supply of everything from cars and golf carts to kitchen appliances and, of course, iPhones.
Smart cities, energy shift make India a crucial market, says Siemens' Matthias Rebellius
Rebellius says India is an important market with investments in infrastructure, and Siemens is also investing. The firm has spent ₹1 billion here in the past five to six years on manufacturing facilities and expansion.
India to be global hub for digital, IoT adoption: Siemens
The accelerator offers a portfolio that includes digital and Internet of Things (IoT)-enabled offerings (software, hardware and digital services) from Siemens, and certified third parties.
German shares lead Europe higher on M&A cheer
The pan-European STOXX 600 index was up 1.2% by 0720 GMT, after posting its fifth weekly loss in six weeks as investors fled riskier assets on fears of recession.Banks rose 0.5%, while basic material and industrial stocks were also among the biggest boosts to the STOXX 600.
GE split could nudge other big companies to become leaner, simpler
GE said on Tuesday that it will split into three public companies seeking to simplify its business, pare down debt and breathe life into a battered share price.
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 closes Rs 2,100-crore C&S Electric buy; eying more acquisitions: India CEO
On Monday, the flagship listed company of Germany’s Siemens AG in India closed the acquisition deal that was announced in January 2020, with the aim to expand its presence in the country and pave the way for the setting up of a design and manufacturing hub that will support the export of solutions.
Siemens Energy to cut 7,800 jobs in bid to raise margins
"The energy market is significantly changing which offers us opportunities but at the same time (it) presents us with great challenges," Chief Executive Officer Christian Bruch said.
Load More
