Truly Amrit Mahotsav in Dalal street, as the nation celebrated 75 year of independence so did the markets. Equity benchmark Index closed nearly 5-month high last week and rallied for the 4th straight week led by banking, metal and energy stocks. Sensex advanced 1075 points or 3% to close at 59,463. Its broader peer, Nifty, added over 300 points to close above near the 17,700 mark (17698).  Imp...

High raw material prices and logistics expenses weighed on the earnings performance of Siemens Ltd in the September quarter. Revenue grew 14% year-on-year (y-o-y) to Rs4,000 crore, but on a two-year CAGR basis, revenue was flat, analysts said. CAGR is short for compounded annual growth rate. Ebitda fell 5% y-o-y and Ebitda margin declined 200 basis points y-o-y to 10.7%. Ebidta is short for earni...

Nifty futures on the Singapore Exchange traded 3.5 points, or 0.02 per cent, higher at 17,444.50, signaling that Dalal Street was headed for a flat start on Thursday.Dixon Technologies: Taiwanese IT hardware firm Acer has roped in domestic electronic manufacturing services firm Dixon Technologies for making its laptops in India, both companies said in a joint statement on Wednesday. The facility ...

MUMBAI : A key highlight of the March quarter earnings of Siemens Ltd was its stellar operating performance. Ebitda nearly doubled to Rs440 crore on a year-on-year (y-o-y) basis, much ahead of expectations. Ebitda is short for earnings before interest, tax, depreciation, and amortization. This was led by decline in employee cost and other expenses. Consequently, Ebitda margin rose 490 basis points...