The company, a joint venture between Finnish cell phone maker Nokia and German conglomerate Siemens AG, is planning to bring down its annual operating expenses and production overheads by 500 million euros by the end of 2011.
In the year-ago period, the company had posted a net profit of 344 million euros, the Finnish company said in a statement.
Bringing affordable web access and applications to the masses is the crux of Nokia's new strategy.
The company might launch a dual sim phone in 2010.
The X family of handsets include Nokia's range of affordable smartphones that run Android apps.
Telecom equipment vendor Nokia-Siemens filed a case in the Delhi High Court today against its disqualification on technical grounds as a bidder for state-owned Bharat Sanchar Nigam Ltd's tender for 94 million lines, one of the world's largest telecom contracts worth over Rs 50,000 crore.
After Satya Nadella, Manipal University is celebrating another alumni's rise to the global boardroom, Rajeev Suri, who has been appointed as the CEO of Finnish firm Nokia.
Cell phone manufacturer Nokia India said on Friday it has started negotiations with various state governments to finalise the location of its proposed mobile handset manufacturing plant.
Once the requisite approvals have been received, the joint venture would be primarily engaged in selling value added services for mobile devices.
Nokia's much-awaited Android-based 'Nokia X' will be available in India from March 15, as the Finnish firm takes head-on the likes of Samsung and Micromax to grab a share of the burgeoning affordable smartphone market.
Global mobile vendor Nokia plans to open a global networks operation centre in India by the end of the year, strengthening its focus on one of the world's fastest-growing telecommunications markets.
The department on March 21 asked the firm to submit the amount of Rs 2,000 crore in about a week's time, I-T department sources said on Thursday.
A consumer study has ranked Nokia as the most preferred brand in mobile phones followed by Samsung and Reliance.
The District Consumer Redressal Forum (DCRF) here has imposed a fine of Rs 4,000 on a cellphone company for providing poor customer services after sales.
The figure is expected to rise to 25-30 per cent, adding around 100 million new cellular subscribers by 2009, according to a recent study by LIRNEasia and AC Nielson.
A questionnaire sent to Price Waterhouse was not answered.
The East District Consumer Disputes Redressal Forum gave the order relying on uncontested affidavit of Delhi resident Susham Lata Bhulania, who said the Nokia service centre had failed to rectify the defects in her phone.
Stephen Elop has been appointed as the chief executive officer of Nokia by its board of directors. Elop who currently heads Microsoft's business division will join Nokia team on September 21.
The employees backed by the Centre of Indian Trade Unions have been on strike since June 7 demanding union recognition, reinstatement of some suspended workers and wage hike, CITU office-bearers said.
Indians can look forward to availing Internet services even on low-cost mobile handsets as the world's largest cell phone maker Nokia is gearing up to offer such handsets through which the web can be accessed. Nokia also aims to be the number one in bringing the Internet to mobile devices. According to estimates, the total internet services market will be approximately euro 100 billion in 2010.
In its drive to expand telecom services both in mobile and fixed line segments, Sunil Mittal-led Bharti Airtel on Tuesday awarded a $900 million contract to Nokia Siemens to deploy equipments in various circles in which it operates.
Handsets Major Nokia on Monday entered the dual sim handset market when it launched its first dual sim set- Nokia C1.
Swedish telecom gear maker Ericsson on Saturday announced setting up a 6G research and development centre in Chennai. Ericsson is also looking to partner with other premier engineering institutes in India for 6G-related research. "This R&D centre in India is a small unit which will become bigger. We only have three in the world.
The global smartphone market experienced its strongest ever growth since 2007 with sales of about 55.2 million units in January-March 2010.
According to a top DoT official, there have been random checks at different factories of different handset makers and respective teams have submitted their reports.
Nokia has retained the top slot in Indian GSM market with 79 per cent share, while US giant Motorola has more than doubled its share to seven per cent this year, according to a study.
Nokia on Tuesday announced that it will establish a high-end base station controller (BSC) manufacturing unit in Chennai, India.
Bharat Sanchar Nigam Limited said on Friday it would seek a lower price from vendors Ericsson and Nokia ahead of awarding them an estimated $4.8 billion contract for adding 45 million GSM lines to its network.
Find out if the cheaper siblings of Nokia Lumia 920 and Sony Xperia Z are worth the moolah.
Nokia India on Thursday announced to roll out Android-based smart phone 'X', with a price tag of Rs 8,599.
The government has approved a Rs 675 crore (Rs 6.75 Special Economic Zone by Finnish telecom major Nokia near Chennai.
After getting hammered by competitors like Samsung both globally and in India, Nokia's domestic revival rests on its latest Lumia series of phones.
Top officials of the Finnish mobile handset maker Nokia, which is planning to set up a manufacturing facility in India, met Tamil Nadu Chief Minister Jayalalithaa on Wednesday.
The centre will offer network operation services to its global customers, which will be operational in the first quarter of next year with 100 professionals.
Smart phone leader Samsung is following a multi-platform strategy to win over the Indian mobile phone market; Nokia has upped the ante with differentiated products.
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