News Broadcasting
Phillips reports sales growth of 10 per cent in 2Q
MUMBAI: Royal Philips Electronics has reported that sales in the second quarter were up 10 per cent year-on-year. Its net income was 301 million euros.
Sales increased strongly in the second quarter to 7,601 million euros. This represents a 10 per cent rise from the same quarter last eyar.
Adjusted for the effects of currency movements and consolidation changes, comparable sales increased by 11 per cent driven by strong growth in all operating divisions.
EBIT amounted to 367 million euros compared to 158 million euros in the same period of last year. In difficult market conditions, the EBIT of the consumer electronics division held up. Brand campaign costs were 47 million euros lower than in the same quarter for last year due to an amended seasonal spend pattern.
Financial income and expenses resulted in income of 127 million euros compared to an expense of 57 million euros in thew same quarter last year. The improvement is due to the recognition of a TSMC cash dividend of EUR 223 million, net of tax.
Cash inflow from operating activities increased to 300 million euros, compared to 52 million euros in the same quarter last year due to lower additional working capital requirements. Inventories as a percentage of sales amounted to 12.2 per cent, a decrease of 1.2 percentage points compared to Q2 2005.
Philips’ president and CEO Gerard Kleisterlee says, “We had an excellent second quarter to round off a good first half year. Our transformation into a market-driven healthcare, lifestyle and technology company starts to show its merits, with strong profit contributions from Medical Systems, Lighting and DAP. Our consumer electronics business model is showing its robustness in difficult conditions for the industry and Semiconductors is delivering the expected benefits of its business renewal programme.
“Continuing our consistent focus on shareholder value, we are pleased to announce the launch of a further 1.5 billion euros share repurchase programme, to start in the third quarter.”
News Broadcasting
Rising Bharat Summit 2026 spotlights India’s global ascent
PM Modi keynotes two-day event with ministers, diplomats and icons in New Delhi.
MUMBAI: India didn’t just host a summit, it threw a coming-out party for a nation ready to own the global stage. The News18 Rising Bharat Summit 2026, held on 27–28 February in New Delhi, emerged as a high-octane platform for ideas, vision and strategic dialogue, uniting national leadership, global policymakers, industry titans, defence strategists and cultural icons under the theme “Strength Within”.
Prime minister Narendra Modi set the tone with a keynote that framed India’s resurgence as a reclaiming of lost potential built over generations. “In previous industrial revolutions, India and the Global South were merely followers,” he said. “But in the era of Artificial Intelligence, India is a partner in decisions and shaping them.” He highlighted the country’s thriving AI startup ecosystem and the recent AI Impact Summit attended by over 100 nations.
Union minister Piyush Goyal (Commerce & Industry) stressed India’s readiness to scale exports and deepen manufacturing, while Ashwini Vaishnaw (Railways, I&B, Electronics & IT) positioned technology and infrastructure as twin engines of growth, especially in AI and digital trust. Jyotiraditya Scindia (Communications & North East Development) revealed India’s ambition to lead in 6G through the Bharat 6G Alliance and partnerships with over 30 countries.
Global voices added depth: former Singapore Foreign Minister George Yeo called India’s development “self-sustaining” and strategically vital; ex-UK Chief of Defence Staff General Sir Nick Carter asserted India deserves a seat at the great powers’ table; and former US Commerce Secretary Carlos M. Gutierrez joined ambassadors from Norway, Germany and Sweden in discussions on geopolitical realignment, sustainability and defence preparedness.
Other speakers included veteran investor Ramesh Damani, World Gold Council CEO David Tait, Vianai Systems founder Dr Vishal Sikka, DeepTech Bharat Foundation co-founder Shashi Shekhar Vempati, defence experts Rajesh Kumar Singh, Sunil Ambekar, Patrick McGee, Tom Cooper and Adrian Fontanellaz, plus cultural and sporting icons Kangana Ranaut, Saina Nehwal, PR Sreejesh, Mohammed Shami, Yuzvendra Chahal, Mithali Raj, Anil Kapoor and Yami Gautam.
The summit was supported by Jio Financial Services (Presenting Partner), Phonepe and DS Group (Co-Presenting Partners), Pernod Ricard India and Kia Seltos (Powered By & Driven By), state governments of Uttar Pradesh, Chhattisgarh and Uttarakhand (State Partners), and associate partners including NSE, M3M Foundation and Reliance Industries.
Broadcast live across News18 Network, CNBC-TV18 and CNBC Awaaz, the event reinforced India’s image as a confident democracy and emerging global power proving that when strength comes from within, the world can’t help but watch.
