|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
: Electronics maker Royal Philips Electronics NV is selling the division that contains many of its well-known consumer products, such as audio and video equipment, to Japan's Funai Electric Co. for about $202 million, plus licensing fees.
SEEING THE LIGHT: Philips still makes household products like coffee machines and electric toothbrushes, but it is gradually shifting away from consumer electronics manufacturing. Its cutting-edge technologies are mostly concentrated in lighting and health care equipment.
BIGGER LOSS: A big fine from European regulators dragged on its fourth-quarter results, and Philips' loss widened from the year before.