Thursday, Siemens said that it inaugurated its Greenfield high voltage instrument transformer factory at Waluj, Aurangabad. This state-of-the-art manufacturing facility is the ninth factory of Siemens in Maharashtra. The new facility would provide employment to about 100 people and indirect employment to about 300 people.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.