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Stock Tales - Siemens Ltd - ICICI Direct

Stock Tales - Siemens Ltd - ICICI Direct
Posted On:
2021-04-01 04:52:14
(Time Zone: Arizona, USA)
Siemens Ltd (Siemens) is a leader in technology solutions for smart, intelligent, sustainable cities, building technologies, mobility and power transmission & distribution (T&D). Siemens operates mainly in five key business verticals like energy/gas & power (40%), smart infrastructure (27%), digital industries (19%), mobility (9%), portfolio of companies (4%). Key products include transformers, turbines, medium/low voltage switchgears, motors, mechanical drives and railway electrification equipment & control systems. Siemens s product portfolio, debt free status, highly underpenetrated market, strong global parentage (Siemens AG) augur well.
Digital industries, smart infra, mobility to drive future growth. ....

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Home loan commitments remain strong despite February fall: Australia

6.936
The number of owner occupier first home buyer loan commitments fell 3.3 per cent to 16,117 in February 2021 (seasonally adjusted). This is the first fall since May 2020, however, commitments remained at historically elevated levels. Compared to February 2020, the number of owner occupier first home buyer loan commitments rose by 65.8 per cent.
A 4.9 per cent fall in New South Wales and a 2.8 per cent fall in Queensland drove the fall in owner occupier housing loan commitments nationally. All other states with the exception of the Australian Capital Territory rose, with commitments in Victoria rising 4.2 per cent.
The value of new loan commitments for fixed term personal finance rose 1.1 per cent in February 2021 (seasonally adjusted), driven by lending for personal investment which rose 26.1 per cent. ....

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Allied Universal Hires Chief Merger & Acquisition Officer and Co-Head of Strategy & Investor Relations

Allied Universal Hires Chief Merger & Acquisition Officer and Co-Head of Strategy & Investor Relations
®,
a leading security and facility services company in North America, recently appointed Mike Beregovsky as Chief Merger & Acquisition Officer and Co-Head of Strategy & Investor Relations. Danette Perkins has been promoted to President of Mergers & Acquisitions for North America.
Beregovsky will be responsible for working with the company s executive leadership team to develop and execute the strategic direction for the organization to continue driving strong, consistent and profitable growth. Beregovsky will be leading Allied Universal s global merger and acquisition activities and will also play a key role in the upcoming acquisition and integration of G4S. ....

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Fire incident at Borosil Limited's warehouse

Fire incident at Borosil Limited s warehouse
Posted On:
2021-04-01 03:53:57
(Time Zone: Arizona, USA)
There has been an outbreak of fire today at one of Borosil Limited s warehouse situated at Ankleshwar, District Bharuch - 393001, Gujarat. Our emergency response team and local fire brigade have brought the fire under control. There are no injuries reported.
The company thanked the local administration and fire brigade for their timely support.
The Company is in the process of ascertaining the extent of damage. The Company has adequate insurance in place to cover the damage at the warehouse.
Shares of BOROSIL LTD. was last trading in BSE at Rs. 169.90 as compared to the previous close of Rs. 168.90. The total number of shares traded during the day was 10,483 and the deliverable quantity was 7261 shares. ....

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