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Philips News

22 Oct 2024

Top 7 Air Purifiers For Clean And Healthy Air At Home Under Rs 50,000

Best Air Purifiers: These top 7 air purifiers under Rs 50,000 offer advanced filtration with HEPA and activated carbon filters, covering areas up to 2000 sq. ft. They provide powerful air flow, energy efficiency, and sleek designs for clean, healthy indoor air.

24 Sep 2024

The Ultimate Juicer Guide: Choosing the Right Appliance

Choosing the right juicer can be overwhelming, but this guide helps navigate the options. Each juicer's key features are outlined, making it easier to select the best appliance for your needs, whether you prioritize efficiency, versatility, or nutrient preservation.

24 Sep 2024

The Best Toasters for Every Kitchen

Finding the perfect toaster can be overwhelming with the numerous options available. This guide helps navigate the world of toasters, considering size, features, and budget.

31 Jan 2023

Dutch Tech Giant Philips to Cut 6000 Jobs, 13% Workforce Globally

Dutch tech company Philips announces to cut 6000 jobs globally. Company aims to restore its profitability and improve safety of its products following a recall of respiratory devices knocking off 70% market value. Half of the job cuts will be made this year, the company said on Monday, adding that the other half will be realised by 2025.

30 Jan 2023

IT Layoffs 2023: Philips Join Sacking Spree, Company to Fire 6000 Employees

Philips to cut 6000 jobs by around 2025. Philips is to cut 3000 jobs this year. In October, last year, the company announced to slash of 4,000 jobs.

24 Oct 2022

Philips to cut 4,000 jobs as company faces multiple challenges: CEO

The company reported a net loss of 1.33 billion euros ($1.31 billion) compared with a year-ago profit of 2.97 billion euros.

26 Jan 2016

Electronics giant Philips posts 2015 profit up 55%

Dutch electronics giant Philips Tuesday unveiled solid net profits for last year, up 55 percent on 2014 driven by increased sales in its healthcare and lifestyle business as its seeks to shed its historic lighting section.

10 Dec 2015

Philips in lighting partnerships with Cisco, SAP and Bosch

Cisco, SAP and Bosch under which each will jointly market networking systems using Philips programmable lights.

11 Aug 2015

Philips launches new smartphones

The electronics major said that the phones were aimed at providing youth, professionals and technology enthusiasts with an uninterrupted and seamless smartphone experience.

06 Jul 2015

Philips gets demerger nod amid small shareholders' opposition

Some minority shareholders opposed the demerger and feared that the same was a precursor to hive-off the healthy business from the company in line with the parent company's move.

17 May 2015

Philips to raise local sourcing for LEDs

The LED market, at present, is estimated at around Rs 2,275 crore in India and is growing at a compounded annual growth rate (CAGR) of more than 40%

07 Apr 2015

Philips plans to double market share in TV segment by 2016-end

Global electronic goods maker Philips is planning to double its market share in the TV segment to 10 per cent in the country by the end of 2016, a senior company official said.

31 Mar 2015

Philips to sell major stake in LED, car lighting arm for $2.8 bn

Dutch electronics giant Philips on Tuesday said it was selling a majority stake in its LED and car lighting arm to a consortium led by China-based GO Scale Capital investment fund in a deal worth $2.8 bn.

06 Jan 2015

Philips appoints Chitale as CEO of lighting biz

Chitale joins Philips from HCL Infosystems, where he was the MD & CEO.

09 Oct 2014

Philips launches television range with Apple TV features

Priced at Rs 29,990 onwards, the new range would be a unison of the features, innovations of the two brands - Philips and Apple, PE Electronics said in a statement.

23 Sep 2014

Breaking with tradition, Philips splits off lighting

Philips, the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions.

08 Aug 2014

Philips signs Alia Bhatt as brand ambassador for beauty range

Philips India has roped in Bollywood actress Alia Bhatt as its brand ambassador for its beauty business.

23 Jul 2014

Philips partners Amazon to tap the burgeoning e-commerce market

Consumer electronics major Philips on Wednesday announced its collaboration with e-commerce giant Amazon to launch imaginative LED lightings for kids in association with Disney.

21 Jul 2014

Philips reports profit slump, setback for medical sales

Philips announced the sale of its lifestyle entertainment branch, which makes stereos and DVD players, after selling its troubled TV-making arm in 2012.

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