Stay out of Mumbai surveillance project, may seek new allies for future
"The company has temporarily reduced the working days in a week at its switchgear factories in Aurangabad and Kalwa (near Thane) to avoid unnecessary inventory build-up," Siemens said in a regulatory filing to the Bombay Stock Exchange.
The M65 and C65 handset models launched in the Indian market are priced at Rs 18,000 and Rs 9,000, respectively, and the S65, priced at Rs 21,000.
Electrical and electronics major Siemens Ltd has posted a 28.02 per cent rise in net profit at Rs 15.53 crore for the third quarter ended June 30, 2003, compared to Rs 12.13 crore in the corresponding quarter last fiscal.
Loss-making Nokia gains full control of the profitable venture Nokia Siemens Networks for $2.2 billion, a cheaper than-expected price, analysts said, although they also noted the acquisition would put pressure on Nokia's balance sheet.
German engineering giant Siemens is likely to follow in IBM's footsteps by selling off its mobile phone business to a Chinese company, says the German newspaper Frankfurter Allgemeine Sonntagszeitung.
The facility, to come up on the public-private-partnership mode, will roll out 120 IGBT (insulated gate bipolar transistor) electric locos of 12,000 horse power every year.
Siemens has inked an agreement with Hutchison Essar for its music download technology Music2You. the latter will enable full-length songs to be previewed and downloaded on its handsets.
The report stated though a deal could be reached in the next few weeks, there was no certainty about it.
Two former CECs -- B B Tandon and T S Krishnamurthy -- were mandated to investigate the BSNL decision in the face of protest registered by Nokia-Siemens Network. The panel appointed by BSNL was duly approved by the chief vigilance commissioner. The complaint was referred to the panel after NSN, which was disqualified on technical grounds, alleged that the state-run telecom majors recent 93-million GSM lines tender was conducted in a non-transparent manner.
The company, a joint venture between Finnish cell phone maker Nokia and German conglomerate Siemens AG, is planning to bring down its annual operating expenses and production overheads by 500 million euros by the end of 2011.
With the concept of 'intelligent building' gaining ground in India, real estate developers are vouching for automated building solutions that combines low operational c
Telecom equipment vendor Nokia-Siemens filed a case in the Delhi High Court today against its disqualification on technical grounds as a bidder for state-owned Bharat Sanchar Nigam Ltd's tender for 94 million lines, one of the world's largest telecom contracts worth over Rs 50,000 crore.
Close on the heels of striking 3 major outsourcing deals with Ericsson, IBM and Nokia totalling over $1400 million, Bharti Tele Ventures on Thursday awarded another $50 million contract to Siemens to build and manage AirTel networks in 3 circles.
The first six months of the financial year (Siemens follows an Oct-Sept calender) has not been encouraging.
In its drive to expand telecom services both in mobile and fixed line segments, Sunil Mittal-led Bharti Airtel on Tuesday awarded a $900 million contract to Nokia Siemens to deploy equipments in various circles in which it operates.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
Hit hard by infrastructure chaos in Bangalore, Siemens Ltd has decided to stop its expansion in the city, J Schubert, managing director, Siemens said on Friday.
Siemens AG said on Tuesday that it will sell its struggling mobile phone unit to Taiwan's BenQ, capping months of talks about the unit.
Among the 30 Sensex companies, Larsen & Toubro, Power Grid, NTPC, State Bank of India, Reliance Industries and HDFC Bank were the biggest laggards. Sun Pharma and Nestle were the only gainers.
The winners were selected from among the 97 students in 50 states, including 85 high school seniors and 12 high school juniors, who were chosen as state winners in the award programme sponsored by the Siemens Foundation and run by the College Board, which administers the AP programme. The national winners -- a girl and a boy -- are each awarded a $5,000 college scholarship.
State-run telecom major BSNL's plans to expand the GSM network has again come across a hurdle with Nokia Siemens Networks (NSN) refusing to accept its share of the 22.5-million-lines contract due to price differences.
Telecom equipment provider Nokia Siemens Networks (NSN) bagged a $700-million network expansion deal from the country's top service provider, Bharti Airtel.
Multinational healthcare and pharmaceutical major Bayer Group said on Friday it is planning to sell its diagnostics business to Siemens AG, Germany for euro4.2 billion.
Siemens Ltd has informed BSE that P M Thampi has ceased to be a director of the company with effect from January 22, 2003.\n\n\n\n
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