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Why India is key to Philips' transformation

India serves as the company's R&D hub as it morphs into a health tech major. Sudipto Dey and Sangeeta Tanwar report. Actress Alia Bhatt is a Philips brand ambassador.Photograph: Courtesy Philips.......

Why India is key to Philips' transformation

Philips to split off lighting business, form separate company

Philips said on Tuesday it would break its 120-year-old company in two, creating a stand-alone lighting business and merge consumer and healthcare divisions into a 15-billion euro business. The......

Philips turns off TV in turnaround

The Philips name has been synonymous with trusty TV sets and reliable video players; but in the overhaul of this lumbering Dutch behemoth over the past two years, both have been ditched.Nothing, it......

Philips to cut 4,500 jobs globally

Consumer electronics giant Royal Philips Electronicson Mondaysaid it is planning to cut 4,500 jobs globally as part of a cost saving programme and did not rule out the possibility of this exercise......