CNBC-TV18's Priyanka Ghosh reports that electronics giant Philips has sold two land parcels in Mumbai and Pune for Rs 180 crore to tide over poor earnings and tight liquidity.
Philips India will merge its subsidiary Preethi with it sometime in future, a company official said. He, however, said the company will continue with the regional brand in the south Indian markets.
Philips has expanded its Lifestyle Entertainment portfolio with the launch of a range of entertainment solutions Home Theatre Systems...
Philips India today said it is looking at posting a double digit growth in its consumer lifestyle segment this fiscal year by adopting new business strategies.
Getting a whiff of coffee culture catching up in metros, Philips India is looking to cash in on the trend with the introduction of its Italian coffee making machines for home use.
As an increasing number of young men in Indian metros opt for hairless bodies inspired by Bollywood hunks like John Abraham and Salman Khan, Philips India is looking to cash in on the opportunity through its products in the male grooming category.
Consumer electronics marketer Philips India said it will enhance its presence in the mother and child care segment and aims to be market leader.
Indians feel the healthiest in the world, and yet do the least amount of exercise. It's insight like this, thrown up by a survey by Philips India, that is tempering the company's plans in India, reports CNBC-TV18’s Sunanda Jayaseelan.