The company is facing a string of losses and shrinking customer base.
In the year-ago period, the company had posted a net profit of 344 million euros, the Finnish company said in a statement.
He will replace Add Jacobs, who will retire after less than one year in the post at Shell.\n
Fair trade watchdog CCI has approved Microsoft's proposed $7.2 billion acquisition of Nokia's mobile devices business, citing that the deal would not have adverse impact on competition in the Indian market.
The Income Tax department has informed the Delhi High Court that Nokia India and Nokia Corporation owe it Rs 21,153 crore (Rs 211.53 billion) as total tax liability (existing and anticipated), including penalty during a seven-year period from 2006-2013.
Constant reinvention of who you are, what you produce, and how you sell it is critical for any tech player
Microsoft simply lacks Nokia's retail and supply chain experience in the Finnish company's most important markets.
Nokia said the freezing of the fixed assets would not have any impact on the day-to-day operations of the company.
Finnish telecom giant Nokia has entered into a joint venture with China Putian Corp to develop and market third-generation (3G) mobile telecommunication technology.
Nokia started operations at Sriperumbudur plant near Chennai, the second biggest facilities by any global firm, in 2006 after Korean auto major Hyundai's came up with its plant in the late 1990s.
Buying Nokia's gadget business thrusts Microsoft deeper into the hotly contested market
Finland's Nokia, once the undisputed leader in mobile phones, has been struggling to respond to the challenge from smartphone makers such as Apple and Samsung.
Nokia will unveil a low-cost smartphone running a version of Google Inc's Android operating system, despite the company's close partnership with Microsoft Corp and its competing Windows system, according to a report in The Wall Street Journal.
The Income Tax department on Friday moved the Delhi High Court seeking "directions/clarifications" of the December 12 order by which the assets of mobile phone handset maker Nokia in India were defreezed.
In a separate tax case, the Supreme Court had ordered Nokia India on March 14 to give a Rs 3,500 crore or Rs 35 billion guarantee before it transfers the plant to Microsoft.
Lack of trust in employers has often led Chinese workers to balk at takeovers they fear will worsen employment conditions.
Microsoft also took a charge of $940 million related to job cuts announced this month and last year.
History of electronics indicates that no company, nor any nation for that matter, has been able to cement pole position and maintain it through several cycles. he death of its iconic promoter, Lee Kun-hee, raises questions over how long the chaebol can maintain its gigantic footprint in the global electronics industry, says Devangshu Datta.
Microsoft Corp said on Wednesday it would cut 7,800 jobs and write down about $7.6 billion related to its Nokia handset business, which it acquired in 2014.
The top five most trusted brands are Samsung Mobiles, Sony, LG, Nokia and Tata.
In August, Steve Ballmer said he would retire within 12 months.
The Rs 8,000-cr deal is expected to be finalised early next month.
HCL Technologies Ltd, India's No. 4 IT services exporter, beat expectations with a 41.6 percent rise in quarterly profit, after order wins boosted earnings.
Nokia has already increased prices of its base models by around 3-4 per cent. Industry analysts expect other manufacturers to follow suit. "The 25 per cent increase in the value of dollar vis-a-vis rupee (the dollar rose to Rs 50 this month from Rs 40 in March) has resulted in our import costs going up. This has compelled us to increase the prices of our old models launched during the last 6-9 months," said HTC (India) Country Head Ajay Sharma.
Microsoft has had a rough track record in making big acquisitions pay off.
Globally India is known as a software powerhouse but that's rapidly changing to the point where you have companies like Wipro having hundreds of hardware engineers.\n\n
The British mobile phone operator was widely expected to go for an international arbitration after its talks with the Indian government failed to find a solution last year.
IBM, Nokia Oyj, Microsoft cases could now be resolved
Looking at the response time, brands are proactively snapping ties with celebrities in the face of controversy.
A court ruled in favour of Vodafone on Friday in a long-running dispute with the Indian taxman, a boost for the British telecom group whose tax battles have been seen as emblematic of the troubles facing foreign investors in India.
'The workers's dance of wilful destruction has the potential to kill all investments planned in India by any foreign entity,' argues Dr Sudhir Bisht.
Months before Fairfax Financial Holdings Inc bid $4.7 billion for BlackBerry Ltd, Fairfax boss Prem Watsa played a role in securing a golden parachute worth as much as $55 million for the smartphone maker's chief executive.
With Sundar Pichai becoming the CEO of Google, India has one more reason to cheer its prowess in the global IT sector.
Apple still has a request pending for a sales ban against newer Samsung phones in that proceeding.
Apple Inc's embrace of wireless charging for its new Watch may be a defining moment for a technology that's languished for years amid competing standards and consumer confusion.
Users seem to like the idea too: in a recent survey by technology consultancy IHS, 83 per cent were interested in wireless charging; in China, the figure was 91 per cent.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
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