Siemens on Tuesday reported over 37 per cent decline in its net profit to Rs 408 crore in March quarter, compared to the same period year ago, mainly due to under-absorption of fixed costs and higher material costs in the Digital Industries business. The company follows an October to September fiscal year.
The board of directors of Siemens Ltd, the Indian unit of the German electronics giant Siemens AG, has deferred a proposal to buy back its shares, the Bombay Stock Exchange said on Thursday.\n\n\n\n\n\n\n\n
Siemens Ltd plans to acquire 100% stake in Siemens Buildings Technologies Pvt Ltd, from Siemens Building Technologies AG, Switzerland, for Rs 4.79 crore
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
Power and automation major Siemens Ltd on Wednesday said it has bagged an export order worth Rs 1,000 crore (Rs 10 billion) from Qatar.
Siemens Ltd has posted a net profit of Rs 344.15 million for the quarter ended December 31, 2002 as compared to net profit of Rs 204.68 million in the quarter ended December 31, 2001.
Siemens Ltd is looking for engineering graduates for its Power Transmission and Distribution Division.
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.
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.
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Globally, the company intends to cut expenses by $7.8 billion by 2014.
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