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.

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.

 

Philips unveils new healthcare products, some made in India

Dutch consumer and well-being electronics giant Royal Philips on Thursday launched a host of products -- from a wearable healthcare watch to air purifiers -- some of which were jointly developed at its India innovation arms in Pune and Bengaluru.

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.

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.

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%

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.

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.

Philips appoints Chitale as CEO of lighting biz

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

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.

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.

Alia Bhatt to endorse beauty range

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

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.

Mandira Bedi launches lighting toys with son Veer

Actress Mandira Bedi and her son Veer Wednesday launched Philips India`s new range of children friendly lighting toys and they both loved it.

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.

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.

Philips re-enters Indian handset mkt; launches four devices

Marking its comeback to the Indian mobile handset market, electronics giant Philips today said it will launch 3-4 new smartphones and feature phones in the next few months.

Apple, Intertrust settle year-old patent suit

Apple Inc has agreed to settle a year-old patent infringement lawsuit with Intertrust Technologies Corp, a software firm owned by a group that includes Sony Corp and Philips, according to court filings.

Now, `man proof` iron that will not burn your clothes

Scientists at Philips have come up with a completely "man-proof" iron which has no temperature gauge.

Samsung, Philips among others raided by EU over restricting online sale

According to the report, the commission was concerned as restricting supply could lead to higher consumer prices or the unavailability of products through certain online sales channels.