Last Friday, the apex court had ordered Nokia to give a Rs 3,500-crore (Rs 35-billion) guarantee before it transferred its Sriperumbudur facility, one of its biggest plants globally.
It's planning to offer unique apps such as Office 365, One Drive and X-Box Games.
All future smartphones from Microsoft will be under the Microsoft brand, which means Nokia brand will now be phased out.
The device is being labelled as the phone for 'selfies and skype'.
Nokia may now not sell its Chennai unit.
Nokia suffered a jolt on Friday when the Supreme Court refused to lift the restraint on sale of its Indian assets, including the Chennai plant, as part of the handset maker's global deal with the Microsoft.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances