Siemens is expected to take a series of measures to trim costs

Siemens India plans to cut capital expenditure faced with insight of depleting order inflows and profits. The company reported a loss of Rs 55 crore in the July-September quarter, against a profit of Rs 178 crore during the same period last year. Annual profit was down 50 % and now the company’s earning estimate cut by 10-20 % for the next financial year, anticipating weak results. The order inflow declined 17 % compared to last year and revenue and margins were impacted due to project

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