Siemens Financial News

Prabhudas Lilladher has trimmed its 12-month Nifty target to 20,735 from 21,430 valuing the index at a 12 per cent discount to 10-year average PE (price to earnings ratio) of 20.7 times, and said that the coming months will be a real test for the economy and markets due to the EL Nino impact on inflation as food inflation and a feeble possibility of interest rate cut. The brokerage firm has trimmed the Nifty target primarily because of a cut in earnings and expects markets to consolidate ahead of the 2024 elections.

₹1,700 crore debt from international lenders for the projects being executed by its parent Adani Transmission. "We will be investing more than ₹2,000 crore for this, of which ₹1,700 crore will be debt-funded," the official said, adding the project also includes setting up a 400-kV substation which will raise the transmission capacity by 1,500 mw, as the company expects the peak demand for the megapolis to cross 5,000 mw mark by FY25 from around 4,000 mw now.

paperboard surged by 39 per cent at 409,000 tonnes in the first quarter of 2023-24 against 294,000 tonnes in the year-ago quarter, according to an industry body. In value terms, imports rose by 28 per cent to Rs 3,153 crore in the first quarter of FY2023-24 compared to the year-ago period, Indian Paper Manufacturers Association said citing Directorate General of Commercial Intelligence and Statistics data. The surge in imports comes on the back of a 25 per cent increase in paper and paperboard imports in FY2022-23 over the previous fiscal, according to the official trade data. In FY23, paper and paperboard worth Rs 12,531 crore were imported. In the April-June period of FY24, imports from ASEAN jumped nearly three-fold and from China by 37 per cent in volume terms. Imports of all grades of paper accelerated in the first quarter with the highest jump of 214 per cent seen in imports of uncoated writing & printing paper, 28 per cent in coated paper and paperboard, 15 per cent in kraft paper and 65 per cent in tissue paper imports. The top import sources of uncoated writing & printing paper are Indonesia, Singapore and China. The top import sources of coated paper and paperboard are China, Japan and South Korea, the Indian Paper Manufacturers Association stated in a statement.

Siemens Ltd. rose 0.73 per cent to Rs 3600.65 in Friday's trade as of 10:30AM (IST) even as the benchmark Nifty ruled at 19273.2, down 92.05 points. The scrip had closed at Rs 3574.7 in the previous session.

Indian railway stocks have done very well in 2023. This rapid price appreciation has caught everyone’s attention in the market. And there’s very good reason for this.

Siemens Ltd. rose 1.38 per cent to Rs 3600.45 in Wednesday's trade. It hit an intraday high of Rs 3674.95 and low of Rs 3566.4, respectively, during the day.

(Reuters) — German conglomerate Siemens (ETR:SIEGn) said on Tuesday it will start producing solar energy equipment in the United States in 2024 through a contract manufacturer in Wisconsin.

global financial crisis. German gross domestic product has clocked three quarters of negative or zero growth , making the country the worst performer among major eurozone nations since 2019. Previously it was the top performer.

Dipan Mehta, Director, Elixir Equities, says the next three to five quarters are very interesting for Siemens, ABB, and other high tech capital goods manufacturing companies. They have largely restructured their businesses. They are focused only on products and services where they have a clear cut technology edge.

Siemens Ltd. traded 2.54 per cent up at Rs 3736.05 at around 01:55PM (IST) on Tuesday. The stock had closed at Rs 3833.2 in the previous session.

«So, for the US, I do not see it going below 2, at least in the next 6 to 8 months. And even for us to go below 4, I do not see it almost for a year,» says Sridhar Sivaram, Enam Holdings.How would you paint the scenario for us?Our broad view for the market is that in the short term, we could see a time correction or maybe a price correction more from the fact that the macro data, both in the US and in India, especially on the inflation side, is still looking a bit sticky. So, for the US, I do not see it going below 2, at least in the next 6 to 8 months.

Siemens Energy AG’s woes stem chiefly from technical issues with a new generation of onshore wind turbines. Wind power is vital to cutting carbon emissions, and the industry has raced to launch bigger and more powerful machines. But the Siemens Gamesa wind business moved too fast and has now discovered abnormal vibrations arising from blades and bearings which may have to be replaced.

Adani GreenPromoter entity Infinite Trade And Investment has sold partial stake in Adani Green through bulk deals on Monday, while a Qatar-based sovereign fund bought some shares.HDFC BankHDFC Bank’s investability weighting in FTSE Emerging All Cap index has increased to 1.52% from 0.81%, following the merger with HDFC.PB FintechPB Fintech Ltd, which runs Policybazaar and Paisabazaar, has narrowed its losses substantially to Rs 11.9 crore in the first quarter. Operating revenue rose 32% to Rs 666 crore.Read more: What changed the market while you were sleepingAdani Ports, Coal India, Siemens, HindalcoShares of Adani Ports, Coal India, Siemens, and Hindalco will be in focus as the companies will announce their first quarter results.BEMLBEML has secured the letter of acceptance (LoA) from Bangalore Metro Rail Corp for supply of Rolling stock contract 5RS-DM valued at Rs 3,177 crore.Inox WindPromoter entity will likely sell shares worth Rs 500 crore in Inox Wind via block deal tomorrow, according to reports.Godrej ConsumerGodrej Consumer's sales rose 10% led by volume growth of 10% in the first quarter.

Adani Energy Solutions (AESL), the transmission and distribution business arm of the Adani Group, said it has achieved financial closure for its $1 billion (about ₹8,268 crore) green high voltage direct current (HVDC) link project, which will increase renewable energy supply to Mumbai. The credit facility is part of the $700 million revolving project finance facility tied up in October 2021 for the company's under-construction transmission assets portfolio.

Tata Consultancy Services and Reliance Industries. However, continuous foreign fund outflows prevented markets from registering a sharp rally. Nifty inched higher to levels just below 19600, while Sensex added 232 points and closed at 65,953.

New Delhi: Adani Energy Solutions on Monday announced the successful financial closure for its $1 billion Green HVDC link project, which will enable supply of more renewable power to the city and support its rising electricity demand. The credit facility is part of the $700 million revolving project finance initiative tied up in October 2021 for AESL’s ongoing transmission assets portfolio.

Adani Energy Solutions Limited (AESL) on Monday announced financial closure for its $1 -billion green high voltage direct current (HVDC) link project. It will enable further ‘greening’ of the Mumbai Grid by supplying more renewable power to the city while supporting its rising electricity demand, the company said in its press release. The 80 km multi-faceted project’s construction work for this link will begin in October this year. The credit facility is part of the $700 million revolving project finance facility tied up in October 2021 for its under-construction transmission assets portfolio. The banking consortium for the platform infrastructure financing framework comprised nine international banks including DBS Bank Ltd., Intesa Sanpaolo S.p.A., Mizuho Bank Ltd., MUFG Bank Ltd., Siemens Bank GmbH, Société Générale, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and The Hong Kong Mortgage Corporation Limited.“This link is the need of the hour for the city and will support its growth aspirations. It showcases our commitment to offering Mumbai a brighter and greener future. The project will help accelerate the city’s decarbonization and its net zero journey,” said Anil Sardana, MD of AESL.

Siemens veteran, said “Just a few days ago, he convincingly and confidently presented the successful financial development of 'his company' to the supervisory board." Daimler Truck achieved a second quarter record adjusted return on sales of 10.3% for its industrial business, the company said last Tuesday, even as it faced rising monthly costs from inflation.

FRANKFURT (Reuters) -Daimler Truck's Chief Financial Officer Jochen Goetz has died in a «tragic accident,» the company said on Sunday.

Tata Chemicals, Emami, Max Healthcare, PB Fintech, Gland Pharma, Whirlpool, Eris Lifesciences, Indigo Paints, Sun Pharma Advanced Research Company, Poly Medicure, The Ramco Cements etc. On Tuesday, the companies which will announce their April-June quarter results include Adani Ports, Coal India, Hindalco Industries, Oil India, Birla Corporation, Siemens, Star Cement, Ideaforge Technology, Dish TV India, India Tourism Development Corporation, Artemis Medicare Services, Phoenix Mills Wednesday is again going to be a busy day as more than 100 companies will release their earnings which include Tata Power, Berger Paints India, IRCTC, Bharat Forge, Zee Entertainment Enterprises, Bata India, Natco Pharma, BSE Limited, Reliance Power, Hinduja Global Solutions, Bajaj Consumer Care, CARE Ratings etc.

LIC, Adani Ports, Tata Chemicals, Grasim, Tata Power among others will announce their June quarter results this week.August 7Godrej Consumer, Torrent Pharma, Max Healthcare, Tata Chemicals, Gland Pharma, Ramco Cements, Bayer Cropscience, Emami, Whirlpool, Kims, Poly Medicure, Medplys, Eris Lifesciences, Olectra Greentech among others will report their Q1 results.August 8Adani Ports, Coal India, Siemens, Hindalco, Linde India, Lloyds Metals, Phoenix Mills, Oil India, Prestige Estates, Aarti Industries, Happiest Minds, Brigade Enterprises, Suven Pharma, Eureka Forbes and others will announce their June quarter results.August 9Tata Power, Berger Paints, Trent, PI Industries, IRCTC, Bharat Forge, Abbott India, Uno Minda, ZEE, SJVN, Ratnamani Metals, Kalyan Jewellers, Natco Pharma, Max Financial and others will come up with their Q1 report cards.August 10LIC, Pidilite Industries, Grasim, Samvardhana, Hero MotoCorp, Alkem Labs, Page Industries, CCI, SAIL, Honeywell Automation, Mazagon Dock, Torrent Power, Biocon, Apollo Tyres, Ipca Labs, Sanofi India, among others will declare quarterly results on August 10.August 11ONGC, HAL, ABB India, Apollo Hospitals, Power Finance Corp, Jindal Steel, Zydus Life, Info Edge, IRFC, Astral, Muthoot Finance, Patanjali Foods, NHPC, Nykaa, Voltas, Timken India, Glenmark Pharma, Sun TV and others will announce their first quarter results.August 12Aurobindo Pharma, Rail Vikas Nigam, JK Cement Finolex Cables, Amara Raja Batteries, PTC Industries, among others will report their results for the quarter ended June