Siemens Ltd’s shares have plummeted about 10% in the past two trading sessions. In the energy vertical, the transmission & distribution business is doing well, but Siemens is not bidding for line commutated converter -based high-voltage direct current projects as it does not offer LCC technology. According to a Nuvama Research report, Siemens’s energy business delivered an Ebit margin of …
Qualifying for the Sao Paulo Grand Prix has been postponed until Sunday morning after persistent rain at the Interlagos track on Saturday afternoon. The FIA later confirmed a 7.30am local start for qualifying with the race set to place three hours later. However, the torrential downpour today came with another storm brewing in the F1 paddock, as Red Bull accused …
Max Verstappen of Red Bull survived an early push from McLaren opponent Lando Norris to win the 2023 British Grand Prix at Silverstone, marking his maiden victory at this event and extending his current winning streak to six races. Norris took the lead from Verstappen soon after the start lights went green, with McLaren teammate Oscar Piastri almost matching Verstappen, …
Russian rookie Nikita Mazepin of Haas crashed out of the season-opening Bahrain Grand Prix on Sunday on turn three of the opening lap. The crash revived memories of a similar accident at the same corner last season, also on the opening lap, when his predecessor Frenchman Romain Grosjean made a dramatic escape after his car burst into flames after going …
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