Siemens

Shares of Siemens Ltd hit a new high at ₹7,240 on the NSE on May 15, a day after the company announced its Q4 financial results and demerger its energy business into a separate entity that will be listed.

BSE Sensex declined by 105.38 pts or 0.14 per cent to trade at 72,999.23 as of 12.31 pm, and Nifty 50 traded at 22,212.05, down by 5.80 pts or 0.03 per cent.

Cipla’s promoter group is looking to sell up to 2.53 per cent stake in Cipla through a block deal at an offer size of ₹2,637 crore, sources told businessline. The price range is expected to be between ₹1,289.50 and ₹1,357.35, per sources.

Gelonghui, May 8 | Siemens Energy announced on May 7 that its wind power unit Gamesa will lay off employees and launch a comprehensive restructuring