siemens

Siemens Lifted by Two Significant Contracts

Posted on June 14th, 2010 in fpl group, India Shares, inthenews, investors observer, Nextera, options, SI, siemens

Filed under: , , ,

SI logoSiemens (SI – option chain) shares are rising on news that it has won two major contracts. SI will deliver turbines for gas-fired power plants to Nextera (FPL), a Florida-based utility, and also won a contract for a 500M euro power grid project in the North Sea. If you think that the stock won’t fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on SI.

SI opened Monday morning at $94.41. So far the stock has hit a low of $93.96 and a high of $95.43. As of 12:05, SI was trading at $94.90 up 4.40 (4.9%). The chart for SI looks bearish, but with a possible trend reversal.

Continue reading Siemens Lifted by Two Significant Contracts

Siemens Lifted by Two Significant Contracts originally appeared on BloggingStocks on Mon, 14 Jun 2010 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Add to digg
Add to del.icio.us
Add to Google
Add to StumbleUpon
Add to Facebook
Add to Reddit
Add to Technorati




Siemens – Business – Technical analysis – BloggingStocks – North Sea

Tags: ,
Read post Add your comment

3G Hardware Production Officially Started by Nokia Siemens

Posted on April 11th, 2010 in India Shares, Mobile, Nokia, siemens, Telcom Sector

3G Hardware Production Officially Started by Nokia Siemens

Reports have revealed that today, Nokia Siemens Networks Pvt. Ltd. officially kicks-off its manufacturing of 3G hardware at its Chennai division. It has been reported that initially, the international telecom equipment and services giant would be manufacturing radio frequency modules and system modules.

The firm, which began operation in Chennai back in October of 2008, has invested a sum of Rs. 220 crore so far in 2G hardware. In order to ramp up production and manufacturing of 3G products “by almost three-fold towards the latter half of the year”, Nokia will be investing Rs. 105 crore.

Tags: ,
Read post Add your comment

Insurance Industry Faces More Pressure on Iran

Posted on March 01st, 2010 in allianz, Allianz Insurance, India Shares, insurance companies, InsuranceIndustry, inthenews, Iran, Munich Re, MunichRe, rds, RDS.A, Reinsurance, reinsurance industry, Royal Dutch Shell, RoyalDutchShell, siemens, Siemens AG

Filed under:

If you do business with Iran, it’s probably going to be harder to get insurance coverage. Regulators and lawmakers in the U.S. are looking for stiffer penalties to thrust upon companies that do business with Iran. And insurers, likely acutely aware of how risk can spread, are starting to pull back.

Munich Re (0KFE) and Allianz (AZSEY) announced that they are suspending business in Iran, according to a report by Business Insurance. Neither company, however, stands to lose much. For Allianz, the lost premium is “negligible,” and for Munich Re, it’s only around $13.6 million.

According to a statement by Munich Re, “Due to the political situation in Iran, Munich Re has decided to not renew existing business or write any new business with insurance companies there.”

Most of the heat is coming from the U.S., which already has a law against direct U.S. investment in Iran. A new measure, the proposed Iran Refined Petroleum Sanctions Act of 2009, would put tougher sanctions into play, both for U.S. and foreign companies that are effectively a step removed from Iran – i.e., those that do business with companies that do business with Iran’s energy sector. The legislation has already passed the House of Representatives and the Senate, though in different forms.

Continue reading Insurance Industry Faces More Pressure on Iran

Insurance Industry Faces More Pressure on Iran originally appeared on BloggingStocks on Mon, 01 Mar 2010 10:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Add to digg
Add to del.icio.us
Add to Google
Add to StumbleUpon
Add to Facebook
Add to Reddit
Add to Technorati


Tags: ,
Read post Add your comment

Siemens bags order worth 55 crore

Posted on February 22nd, 2010 in India Shares, order-news, order_news, siemens

Siemens Ltd has informed the market that it has bagged orders worth 55 crore from Prakash Industries Ltd, the order is for design, engineering, manufacture, packing and forwarding, and supply of 100 MW Bleed Condensing Turbo Generator sets and supervision of its erection and commissioning. The order will be finished by August 2011.

[...]

Siemens bags order worth 55 crore is a post from: First Blog for Indian Financial Market

Tags: ,
Read post Add your comment
« Newer posts
Older posts »