Amsterdam: Philips, a Dutch health technology company on Monday said it had set aside 575 million euros ($631 million) for possible litigation costs related to its global recall of respiratory machines. Amsterdam-based Philips is grappling with the fallout of a global recall of millions of respirators used to treat sleep apnoea, announced in June 2021 … Read more
Amsterdam: Dutch health technology company Philips said on Monday it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked off 70 per cent of its market value. Half of the job cuts will be made this year, the company said, adding that the other half will be realised … Read more
Philips Momentum 3000 series gaming monitors were launched in India on Wednesday. The new lineup includes the 27M1N3200ZA model with a 27-inch display and the 24M1N3200ZA model with a 23.8-inch display. They feature a slim frame and include an ergonomic stand with height, swivel, and pivot adjustments. The Philips Momentum 3000 series monitors sport a … Read more
After a long wait, Philips has finally introduced the first ‘Designed for Xbox’ gaming monitor, the Momentum 559M1RYV, which comes packed with a Vertical Alignment (VA) 55-inch 4K HDR display for improved viewing angles and good colour reproduction. The Dutch multinational says its latest high-end product has sound by British sound experts Bowers & Wilkins … Read more
The Hague: Dutch electronics giant Philips said Monday it saw “uncertainty” this year due to the coronavirus pandemic, as net profit for 2020 rose 1.9 percent. The company, now focused on healthcare after decades as a key home appliances and lighting player, had sales of 19.5 billion euros ($23.7 billion) in 2020, up 0.27 percent … Read more
MUMBAI: In what could decide the fate of anti-profiteering provisions under the Goods and Services Tax (GST) framework, the Delhi High Court will Monday hear petitions filed by more than 50 top companies against this mechanism. Hindustan Unilever, Abbott, Johnson & Johnson, Philips, Patanjali, Samsonite, Jubilant Foods, and Nestle are among those that dragged the … Read more
Shares of cigarette companies have rallied over the past one month, with the three leading cigarette makers ITC, Godfrey Philips and VST Industries hitting record highs. All the three stocks have posted robust returns in the past one year, significantly outperforming the benchmark Sensex, helped by favourable taxation and increase in cost of competing tobacco … Read more