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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CM Siddaramaiah calls chargesheet against Sonia, Rahul vindictive politics of Modi-Shah
Bengaluru (PTI): Karnataka Chief Minister Siddaramaiah on Wednesday termed the ED's filing of a charge sheet against Congress leaders Sonia Gandhi and Rahul Gandhi in an alleged money laundering case as vindictive politics by Prime Minister Narendra Modi and Union Home Minister Amit Shah.
He said the Centre's act showed that it will not tolerate dissent by those who believe in democracy.
"Enforcement Directorate (ED) filing a chargesheet against senior Congress leaders Sonia Gandhi and Rahul Gandhi — who have always posed a formidable challenge to the Union Government — is yet another chapter in the vindictive politics of Prime Minister Narendra Modi and Home Minister Amit Shah," Siddaramaiah alleged in a statement.
This is not merely an act of retribution against two leaders of the Congress party but a clear warning by the Modi Government to opposition parties and all citizens who believe in democracy that dissent will not be tolerated, he alleged.
Siddaramaiah said the Congress party, which has consistently faced such politics of hatred, will once again respond with the strength of truth and justice.
"The Modi-led Government has long been misusing the ED — a supposedly autonomous investigative agency — as a political weapon to target opposition leaders. In the latest instance, it has invoked baseless allegations of financial irregularities in the National Herald case to continue its campaign of political vendetta," the Chief Minister alleged.
It is evident that this action is being carried out under the direct instructions of Modi and Shah, he charged.
"The ED, which repeatedly harassed and mentally pressured senior Congress leaders including Sonia Gandhi and Rahul Gandhi under the guise of investigation, has now resorted to filing a chargesheet based entirely on fabricated narratives, after failing to find any evidence," Siddaramaiah said.
Accordng to him, every Congress worker will take to the streets to protest this authoritarianism.
Stating that harassment by the investigation agency was not only a party's issue Siddaramaiah called upon every citizen who believes in democratic values to stand with the Congress.
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