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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YouTuber and his girlfriend rescued from drowning by IPS officer in Goa
Mumbai, Dec 26: Youtuber Ranveer Allahbadia has said he and his girlfriend were swept away by an underwater current on Christmas evening in Goa but were rescued by another couple.
Allahbadia, who goes by the name of BeerBiceps on social media, shared his story on Instagram on Wednesday evening.
He thanked an IPS officer and his IRS wife for saving their lives.
"We're perfectly fine & well now. But yesterday at 6:00 pm or so, my girlfriend and I had to be rescued from a bit of a situation. We both love swimming in the open ocean. I've been doing this since I was a kid. But yesterday we got swept away by an underwater current," the YouTuber said.
"This has happened to me before but I've never been alongside a companion. It's easy to swim out of one alone. It's very hard to pull someone out with you. After a 5-10 minute struggle, we called for help and were promptly rescued by a family of five swimming nearby," he added.
Allahbadia said the experience has left both of them feeling "blank as well as grateful". "We felt the protection of God throughout the incident,” he added.
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