Philips Lighting to be renamed 'Signify'
Netherlands/New Delhi: Philips Lighting on Friday said it intends to change its name to "Signify" while continuing to use the Philips brand for its products under the existing licensing agreement with Royal Philips.
The company said the new company name originates from the fact that light becomes an intelligent language, which connects and conveys meaning.
"Our new company name is a clear expression of our strategic vision and a fabulous opportunity to introduce a new corporate look and feel that is uniquely our own and will serve to further unite our 32,000 employees," Eric Rondolat, CEO of Philips Lighting, said in a statement.
"At the same time, we remain proud to continue to use the Philips brand on our products," he added.
The statement said the new name satisfies the company's contractual requirements under the Company Name License Agreement with Royal Philips, which requires that it changes less than 18 months after Royal Philips no longer has a controlling interest.
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PM Modi embarks on roadshow in Dehradun ahead of key expressway opening
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Dehradun (PTI): Prime Minister Narendra Modi held a roadshow in Dehradun on Tuesday, with a large crowd lining both sides of the road to greet him.
The prime minister is in the city to inaugurate the Delhi-Dehradun Expressway.
Before the roadshow, he stopped to pray at the Siddhpeeth Maa Datkali Temple near Dehradun on the border of Uttar Pradesh and Uttarakhand.
He then embarked on a 12-kilometre road trip to the main event venue, Jaswant Ground, in Dehradun.
A large number of people, including school children, gathered to welcome the prime minister and showered flowers on his convoy.
A massive police force was deployed for security during the prime minister's movement.
Modi will inaugurate the Delhi-Dehradun economic corridor, which will cut the travel time between the two cities to less than half. He will also undertake a review of the wildlife passage on the elevated section of the high-speed expressway in Saharanpur.
The 213-kilometre six-lane access-controlled corridor has been built at a cost of over Rs 12,000 crore.
The corridor traverses through the states of Delhi, Uttar Pradesh, and Uttarakhand, and will reduce travel time between Delhi and Dehradun from over six hours at present to around two and a half hours, according to an official statement.
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