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PM Modi talks to stakeholders to expedite infra creation Among the industry representatives present in the meeting were L&T CEO and MD SN Subramanyan, Feedback Ventures Chairman Vinayak Chattejee, and Siemens Ltd MD and CEO Sunil Mathur Ashutosh Kumar | February 17, 2021 | Updated 02:21 IST Prime Minister Narendra Modi discussed "roadmap to fastrack infrastructure creation in the country" with industry stakeholders virtually. Addressing over 200 industry participants in a webinar, including top ministers and government officials, PM Modi discussed implementation of Budget proposals related ...

Siemens Limited announces Q1 FY 2021 results

Read more about Siemens Q1 PAT up 10% YoY to Rs 290 cr on Business Standard. Siemens reported 10.4% rise in standalone net profit to Rs 290 crore on a 15.9% increase in net sales to Rs 2858.20 crore in Q1 December 2020 over Q1 December 2019.

Siemens on Friday posted an over 11 per cent jump in consolidated net profit at Rs 295.5 crore for the December quarter, mainly on the back of higher revenues. The company had reported a consolidated net profit of Rs 265.8 crore in the quarter ended December 2019, it said in a regulatory filing. Total income of the firm rose to Rs 2,983.3 crore in the quarter from Rs 2623.9 crore in the same period a year ago. The company follows the October to September financial year. Sunil Mathur, managing director and chief executive officer, Siemens Ltd, said: "Our strong and resilient performance re...

Siemens signs MoU with IISc, CMTI for digital transformation labs February 08, 2021 × Labs to focus on the development of Industrial Internet of Things (IoT), Industry 4.0-enabled products & technologies Siemens Limited has signed two separate Memorandums of Understanding (MoU) with the Indian Institute of Science (IISc) and Central Manufacturing Technology Institute (CMTI) respectively to establish digital transformation labs. The labs aim to enhance the expertise of researchers at IISc and the technical skills of professionals in the machine tool industry. The MoUs will focus on develo...