Battling tough business conditions, Nokia's latest move would be in addition to restructuring plans unveiled in April that would affect as many as 7,000 jobs globally.
.jpg)
The Chennai plant may be excluded from software giant Microsoft's acquisition of Nokia's handset business for 5.4 billion euros due to tax issues.
Targeted at fast growing low-cost smartphone markets like India, Nokia launched the much anticipated Android-based smartphones starting at Rs 7,600.
Microsoft simply lacks Nokia's retail and supply chain experience in the Finnish company's most important markets.
In these times of high losses, airlines are looking at multiple options to earn cash.
The company is already in the market with its flagship smartphone Nokia N8.
.jpg)
On March 14, the Supreme Court had ordered Nokia India to give Rs 3,500 crore (Rs 35 billion) as guarantee before it transfers the plant to Microsoft.
Nokia shut down has also resulted in the loss of job for over 12,000, who were indirectly employed by the company.
In the first qarter results, Lumia sales showed incremental gains.
Nokia on Monday launched its E-series range of phones that are optimised for business use and said it plans to expand the retail outlets for the device from 1,000 to 6,000.
The Nokia India facility in Chennai, one of the largest manufacturing facilities of the company globally employs 8,000 people, of that 50 per cent are women.
The Canadian smartphone maker in October last year launched BBM for rival Android- and iOS-based handsets and the app since then has been downloaded on over 40 million such handsets.
Nokia has launched a new series of cell phones that also double as navigation devices.
Going forward, the Korean company's real competition could be nimble-footed Indian companies, more than the Nokia-Microsoft combine.
The high court court on Thursday accepted Nokia's appeal to release its local factory after its seizure by authorities in a tax dispute, removing a hurdle for the sale of the company's mobile phone business to Microsoft.
Investors have been looking forward to hearing about Nokia's next steps since it announced the 5.4 billion euro ($7.5 billion) Microsoft deal in September.
Nokia, the world's largest mobile phone maker, has signed an agreement with Hutchison India for supplying GSM equipment to its nine of the 13 circles.
Mobile phone-maker Nokia on Tuesday announced the beginning of a new era.
The cellphone giant is slowly turning into an Internet services firm.
Nokia India has seen exports from its telecom Special Economic Zone at Sriperumbudur near Chennai reach Rs 1,650 crore (Rs 16.50 billion) in 2006-07, according to figures provided by the Madras Exports Processing Zone.
Loss-making Nokia gains full control of the profitable venture Nokia Siemens Networks for $2.2 billion, a cheaper than-expected price, analysts said, although they also noted the acquisition would put pressure on Nokia's balance sheet.
Nokia launched on Wednesday a theme design competition -- Art Meets Intelligence Design Fest -- for consumers across India in association with magazine Elle Decor.
According to a release issued by Nokia, the investment is geared towards enhancing the capacity of the manufacturing plant. The plant currently employs approximately 6,000 people.
With a view to augmenting its market in emerging India, Nokia, the world's largest handset manufacturer, will start a design facility in Bangalore.
In the factory, workers said Friday was the last day as far as production was concerned.
The phone is lighter than Lumia 920 and will hit the market in June.
Nokia, the dominant force in the handset industry, has spent the major part of 2009 guarding its turf against resurgent rivals like Samsung, LG, Sony Ericsson and Motorola, and also tech powerhouses like Research in Motion, Apple and HTC.
.jpg)
The two companies have received most of the required regulatory approvals, including clearances from the European Commission and the US Department of Justice.
One of the first business phones from the stable of Nokia, the Communicator, which was popularly called the 'brick' for its bulky demeanour, was a status symbol among business tycoons.
India is one of the fastest growing markets right now in terms of mobile phone consumption and usage.
The sale is expected to close in the first quarter of next year after regulatory clearances.
The application can be downloaded for free from Google's mobile website m.google.co.in.
In a major outsourcing deal, Nokia has bagged an order to manage Hutch-Essar's mobile network in nine circles for five years
Nokia India, however, stuck to its offer and said it is for the department to decide if they are better off with the proposed amount or without it.
New Asha 310 to come with a full-touch 3-inch display, 2 MP camera and Wi-Fi.
Declining to give any figures of its 'Onam' sales, Nokia India's Regional Manager (South), T S Sridhar, said the company was optimistic that the new venture would draw good response from Kerala. To deliver the most updated content, Nokia has tied up with leading international music labels such as Universal Music Group, Sony Music, EMI and Warner and major independent Indian record labels, Sridhar told reporters in Kochi.
Nokia's Chennai plant is under freeze over tax dispute.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances