Siemens CEO to leave following profit warning

Last Updated: Sunday, July 28, 2013, 19:31

Siemens Chief Executive Peter Loescher is to leave the company, four years before the end of his contract, after the German engineering group this week issued its second profit warning this year.

Siemens boss to go after poor results

Last Updated: Sunday, July 28, 2013, 09:42

Loescher, 55, has led the company since 2007, but his pending departure comes just a few days after the surprise announcement of a profit warning.

Nokia to buy Siemens' stake in NSN for $2.2 billion

Last Updated: Monday, July 1, 2013, 16:54

Once the deal was concluded in the third quarter of 2013, "Nokia Siemens Networks will become a wholly owned subsidiary of Nokia", both companies said in a statement.

Workers on strike at Nokia Siemens Networks' Chennai plant

Last Updated: Friday, June 21, 2013, 17:44

A section of employees of telecom equipment maker Nokia Siemens Networks are on strike at its Chennai plant pressing for various demands, including increase in wages.

Nokia Siemens to shut city fixed-line factory

Last Updated: Saturday, June 1, 2013, 19:25

Around 48 employees out of the 65 who had not opted for voluntary retirement schemes or could not be offered alternate opportunity will lose their jobs.

'Mobile data traffic in India nearly doubles in 2012'

Last Updated: Wednesday, May 22, 2013, 19:45

The Nokia Siemens Network (NSN) MBit Index report said mobile data traffic generated by 3G services increased by 196 percent while that generated by 2G services increased by 66 percent during the period.

Siemens net slump 90% to Rs 29.9 cr in March qtr

Last Updated: Friday, April 26, 2013, 20:26

The company's net profit stood at Rs 297.5 crore in the year-ago period.

Siemens bags Rs 104 crore contract in Bangladesh

Last Updated: Wednesday, April 10, 2013, 17:42

"This is the first private sector-funded GIS substation project and the largest order size in the GIS segment in Bangladesh," the company said in a statement.

Wipro, Siemens to exit Nifty from Monday

Last Updated: Sunday, March 31, 2013, 16:40

IT major Wipro and diversified group Siemens will exit the National Stock Exchange's benchmark index Nifty from Monday.

Nokia Siemens India revenue dips 19% at 737 mn euro

Last Updated: Tuesday, March 19, 2013, 18:35

The company had registered net sales of Euro 911 million from the country in 2011.

Nokia revenues from India dip 23% in 2012

Last Updated: Sunday, March 17, 2013, 13:16

Despite India being second biggest market for Nokia, after China, the company has posted 23 percent dip in revenue from Euro 2,923 million at the end of 2011.