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India's Siemens Ltd. to demerge its energy business

Focusing on its major businesses that meet the demands of shareholders at its German parent, Siemens, the Indian subunit of it "India's Siemens Ltd." will demerge its energy business into a separate listed entity. Siemens Energy sold an 18% stake in the Indian entity to Siemens AG for about Rs.2.1 billion to enable the demerger.

In December 2023, Siemens Ltd. said that, at the request of some stakeholders, it was considering spinning out its energy division. In 2020, the German engineering firm separated and went public as Siemens Energy.

Siemens Ltd. will continue to concen..

Siemens to Manufacture Trainsets for America's First High-Speed Rail

Siemens, a global leader in transportation technology, is set to pioneer a new era of rail travel in the United States with its groundbreaking trainsets. These state-of-the-art vehicles mark a significant milestone as they are tailored for America's first high-speed rail project, connecting the vibrant city of Las Vegas to Southern California. The collaboration between Siemens and the American transportation sector signals a promising shift towards sustainable and efficient mobility solutions.

The trainsets, meticulously designed and engineered by Siemens, incorporate advanced technolo..

Siemens Energy Revamps Wind Unit

Siemens Energy has announced a management shake-up at its troubled wind unit, along with a revised outlook. This strategic move aims to address challenges within the wind division while signalling a more optimistic outlook for the company's renewable energy segment.

The restructuring of Siemens Energy's wind unit involves changes in management personnel and operational strategies to improve efficiency and performance. By revamping its approach to wind energy, the company aims to overcome obstacles and capitalise on growth opportunities in the renewable energy market.

In addition ..

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