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News Update as at 18.00 hrs (IST)


Markets
Siemens drops on provisioning for loss

MUMBAI: Siemens stock fell sharply on Monday after its net profit fell 98 per cent for March quarter due to provisioning for anticipated losses on certain power projects and subsequent reversal of turnover. At 11.50 am, the stock declined over 9 per cent to Rs 585 on the BSE.

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