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In March 2021, Amsterdam based Royal Philips announced that it had signed an agreement to sell its Domestic Appliances business to Hillhouse Investment for around $4.37 bn
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Priced at ₹22,995, the Philips 3200 positions itself as a mid-range air purifier with impressive features.
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Mumbai-based Shravan Singh and Amay Chavekar discovered hardware vulnerabilities in lighting devices of Philips, which if exploited by bad actors could have exposed sensitive network credentials
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From China's slower non-manufacturing activity expansion to the Yen slumping to 1990-levels, there's a lot happening around the world. Here's a look at some major developments.
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"We want industries to view the state as the hub with an 'end-to-end ecosystem' for innovation and business growth," says CM Siddaramaiah.
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India's rampant pollution problem isn't getting any better but there are ways to circulate clean air through your home. Here are five air purifiers that promise to achieve just that
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Chief Executive Roy Jakobs announced the "difficult, but necessary further reduction of our workforce" by 2025, which comes just three months after it announced another 4,000 cuts.
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The consumer affairs ministry contacted LG, Samsung, Havells, Philips, Sony, Bluestar, Panasonic, among others on the issue
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The 1.3-billion-euro ($1.28 billion) charge for the defective machines pushed the firm into a net loss of the same amount, the company said in a statement.
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After over two weeks of use, here is our Philips 3-in-1 air purifier review
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Philips earlier this month warned supply chain woes would hit profits and a ventilator recall needed to be expanded.
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Foam used to dampen the machines' sound can when it degrades turn into small, inhaled particles, irritating airways, the group said as it announced the recall. Gases released by the degrading foam may also be toxic or carry cancer risks.
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JioNews and JioTV app brings to you ‘Cooking Festivities With Ranveer Brar’ contest this festive season in association with Philips. You can participate and win fabulous ‘Philips’ kitchen appliances daily.
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The new Philips 4K UHD TVs are available in 50-inch and 58-inch screen sizes priced at Rs 1,05,990 and Rs 1,19,990, respectively.
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"Designed to meet the critical-care requirements of patients, each pre-fabricated ICU has a capacity for nine beds and will be locally manufactured by Philips in India," the company said in a statement.
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Philips said it would carve out the business in the coming 12 to 18 months, while it reviewed its future options.
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The Chinese companies that will also come under the ambit of the federal agency's probe are Inventec and Maintek.
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Philips, whose healthcare products range from high-tech toothbrushes to medical imaging systems, stuck to an earlier prediction that increased trade tariffs would cut around 60 million euros ($69 million) from core profits this year.
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The company also wants to offer more products in the women's beauty space.
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The CLMC centres also known as human milk banks - collects, screens, processes, and dispenses by prescription, human milk donated by nursing mothers who are not biologically related to the recipient infant.
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Videocon promoters will most likely cancel the licensing agreement they have with Philips and the will withdraw from their agreement with Electrolux, the Sweden-based company.
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The company is working with the local municipal bodies by participating in the tenders floated to convert conventional lighting to LED (light-emitting diode) system.
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The company plans to raise Rs. 500 crores-Rs. 600 crores via the initial public offering; it has appointed Edelweiss Securities and IDFC Bank as merchant bankers for the share sale process
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"Royal Philips today announced that it has signed an agreement to sell an 80.1-percent interest in Lumileds to certain funds managed by affiliates of (US-based) Apollo Global Management," the Amsterdam-based company said in a statement.
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Philips said it was maintaining its forecasts for the full year as it expected a good last quarter but warned it remained concerned about volatile markets.
