Dubai’s biennial Air Show opened on Monday with a headline announcement from hometown carrier Emirates, which placed a $38-billion order for 65 Boeing 777-9 aircraft, reinforcing its push to expand long-haul capacity amid record earnings and rising traffic through the city’s East-West hub, AP reported.The new order takes Emirates’ total commitment for the upcoming 777-9 to 270 aircraft, cementing its position as Boeing’s largest customer for the wide-body jet, even as the programme faces repeated delays. The agreement also includes GE Engines, bundled into the total deal value.Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates, described the purchase as a vote of confidence in the long-term partnership with Boeing and GE.“It’s a long-term commitment that supports hundreds of thousands of high-value factory jobs, and it reinforces our 40-year partnership with Boeing and GE,” he said. Emirates remains the world’s largest operator of the Boeing 777 fleet, all powered by GE engines.Sheikh Ahmed said he expected Emirates to remain the biggest 777 operator “for the years to come”, adding that airlines needed larger aircraft to keep pace with global travel growth. He said the carrier looked forward to receiving its first 777-9 from the second quarter of 2027, pointedly glancing at Boeing as he mentioned the date.Boeing Commercial Airplanes president and CEO Stephanie Pope did not specify an entry-into-service timeline but said the jet would “further support Emirates’ mission to connect people and places around the globe like never before”.Officials took no questions from the media following the announcement.New deals and regional ordersBoeing also announced a series of additional orders at the event:

Dubai Air Show opens amid booming travel, military interestThe 2025 edition of the Air Show comes as Dubai witnesses unprecedented passenger volumes. Emirates posted $5.2 billion in annual profit last fiscal, while Dubai International Airport continues to lead the world in international passenger traffic.Emirates ordered $52 billion worth of Boeing aircraft at last year’s show. Sister carrier FlyDubai, which operates 95 Boeing 737 variants, is also expected to eye more single-aisle jets as it expands beyond its first wide-body order of 30 Boeing 787-9 Dreamliners placed in 2023.Meanwhile, Dubai’s government has unveiled a $35-billion plan to expand Al Maktoum International Airport to five runways and 400 aircraft gates within a decade, creating enormous new fleet requirements for both carriers.The show is also set to showcase renewed interest in flying taxis, alongside strong military participation.Russia’s Rosoboronexport returned with a large pavilion despite Western sanctions. The state arms exporter displayed the Sukhoi Su-57 stealth fighter and the Pantsir-SMD-E air defence system, products gaining fresh attention amid Middle East security concerns.Underscoring ongoing ties, UAE President Sheikh Mohammed bin Zayed Al Nahyan began his tour at the Russian pavilion, viewing a video of a Russian drone strike and later inspecting the cockpit of the Su-57.US Air Force pilots from the 55th Fighter Squadron were also spotted examining the aircraft. When asked whether the F-16s could shoot it down, one pilot smiled and replied: “It looks cool.”

The federal government’s dues from K-Electric have reached Rs229 billion, following an increase of Rs11 billion in the first quarter of the current fiscal year 2025-26.

According to official documents, K-Electric now owes Rs229 billion to the federal government.

The outstanding amount rose by Rs11 billion in June 2025 alone.

Compared to September 2024, the dues are Rs14 billion higher.

By September 2025, K-Electric’s total outstanding amount stood at Rs229 billion.

The documents of the power division showed that the actual outstanding amount stood at Rs42 billion, and Rs187 added as interest.

In June 2025, Rs218 billion was outstanding against K Electric. In September 2024, the outstanding amount was Rs215 billion.

Sources said that K Electric is receiving electricity from the national grid, which falls in the jurisdiction of the federal government.

Last Updated:November 17, 2025, 13:18 IST

Shares of Siemens on Monday surge by over 4.3% to trade at Rs 3,218.10 apiece on the NSE despite a 7% y-o-y decline in consolidated net profit to Rs 485 crore in Q2.

Siemens Share Price.

Siemens Share Price Today: Shares of Siemens on Monday surged by over 4.3% to trade at Rs 3,218.10 apiece on the NSE despite weak Q2 results. The heavy electrical equipment maker has reported a 7 per cent year-on-year (y-o-y) decline in consolidated net profit to Rs 485 crore for the quarter ended September 30, 2025.

On the BSE, the stock traded at Rs 3,220.85 apiece as of 1:10 pm, which is nearly 4.5% higher than the previous close of Rs 3,082.95.

Siemens’ net profit (or profit after tax) had stood at Rs 523 crore in the July-September period a year ago.

However, the company saw its revenue from operations grow 16 per cent to Rs 5,171 crore during the quarter under review from Rs 4,457 crore in the year- ago period.

Siemens MD and CEO Sunil Mathur said, “We delivered a robust performance this quarter, with a surge in revenue, driven by strong performance in our mobility and smart infrastructure businesses while digital Industries volumes were impacted due to a lower reach in the order backlog from the previous year and muted private sector capex.”

He added that the profit was impacted by a one-time gain of Rs 69 crore from the sale of property in Q4 FY 2024. On August 8, 2025, the board approved changing the company’s financial year from October-September to April-March.

The current financial year is changed to October 1, 2024-March 31, 2026 (18 months). Thereafter, the financial year will be April 1 to March 31, every year.

What Brokerages Say

JM Financials in its note said Siemens’ revenue exceeded its estimates by 8%. However, its EBITDA beat was smaller at 5% on demerger-linked costs. PAT beat was a modest 2% on higher tax and lower other income. Order inflows continue to be robust relative to peer ABB India at 10% though missed our estimate by 5%.

“We resume with ADD as we value the stock at similar multiples to ABB at 50x P/E Sep-27 as Digital Industries (DI) margin challenge still persist. We note change on FY end to March end vs Sep earlier makes direct comparison superfluous for FY26E numbers,” JM Financial said.

Motilal Oswal has maintained its ‘Neutral’ stance on the stock, saying it wants to see a more broad-based ramp-up in scale before turning more positive. The firm noted that its current forecasts already bake in margin gains across divisions. It expects the smart infrastructure vertical to continue delivering strong growth, with a gradual pickup likely in the digital industries and mobility businesses as well.

Antique Stock Broking highlighted how Siemens has consistently reshaped its business model, moving away from being a pure industrial products player to becoming a technology-driven company aligned with investment themes across industry, infrastructure and transportation. The brokerage believes Siemens is well-positioned to ride the country’s ongoing capital expenditure cycle.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

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