Monday, Sep 26 2022 | Time 02:59 Hrs(IST)
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Business Economy


Siemens energy plans Russia exit in fiscal year 2022

Moscow, Aug 8 (UNI) Siemens Energy AG said Monday it began winding down its business in Russia in the third quarter of 2022 and expected to leave the local market in this fiscal year.
"Siemens Energy started the restructuring of its business activities in Russia in the third quarter… These restructuring activities are expected to be concluded by end of this fiscal year without further significant financial impact,” it said.
The German energy company said it estimated the cost of the winddown at 200 million euros ($204 million). Net loss in fiscal year 2022 is expected to exceed the prior year’s loss "approximately by the impact from the restructuring of business in Russia."
Siemens Energy supplies and services gas turbines, including for the Nord Stream pipeline.
UNI/SPUTNIK GNK
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Microsoft announces winners of Future Ready Applications Hackathon held across six cities

Microsoft announces winners of Future Ready Applications Hackathon held across six cities

25 Sep 2022 | 8:43 PM

Hyderabad, Sep 25 (UNI) Microsoft on Sunday announced the winners of the Future Ready Applications (FRA) hackathon held across six cities – Delhi NCR, Bangalore, Chennai, Pune, Hyderabad, & Kochi.

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Ice Make to invest up to Rs 50 cr for expansion

Ice Make to invest up to Rs 50 cr for expansion

25 Sep 2022 | 7:54 PM

Hyderabad, Sep 25 (UNI) Ice Make Refrigeration Limited, a leading supplier of innovative cooling solutions and manufacturer of refrigeration equipment in India, on Sunday announced to invest up to Rs 50 crore as part of its expansion plans.

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Telangana’s Robotic policy by Dec this year; Robotic expo from Oct

Telangana’s Robotic policy by Dec this year; Robotic expo from Oct

25 Sep 2022 | 1:35 PM

Hyderabad, Sep 25 (UNI) Telangana government will bring a policy on ‘ Robotics’ by December this year.

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Tanishq launches its festive collection

24 Sep 2022 | 9:24 PM

Mumbai, Sep 24 (UNI) Tanishq, India’s largest jewellery retail brand from the house of Tata, has announced the launch of its festive collection ‘Alekhya’.

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NITES writes to Union Labour Min, seeks action against Wipro

NITES writes to Union Labour Min, seeks action against Wipro

24 Sep 2022 | 6:19 PM

Bengaluru, Sept 24 (UNI) The Nascent Information Technology Employees Senate (NITES) on Saturday sought the prompt intervention of Minister of State for Labour and Employment Bhupendra Yadav to take necessary action against Wipro which has been postponing the joining date of its more than 2000 students/employees, despite their compliance with its assessment guidelines.

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