The deal will help Huawei expand its smartphone business.
Indian and Finnish finance ministry officials on Tuesday discussed Nokia's Rs 21,153 crore (Rs 211.53 billion) tax dispute case and reviewed the double taxation avoidance agreement.
The phone has the ability to store up to 6,000 songs on a 32 GB memory card.
Nokia was looking at how Microsoft's Surface tablet went in the market before launching its own.
Later, he joined Ericsson India where he handled corporate affairs and communication.
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.
Nokia is one of the leading telecom equipment manufacturing companies in India
The agreement will result in the settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission.
The move comes from the Finnish mobile phone maker days after the US International Trade Commission made the initial determination that Apple did not violate some other patents held by Nokia.
Workers had gone on strike yesterday, demanding better wage settlement terms and reinstatement of workers suspended in January this year. Nokia India Employees Progressive Union was spearheading the strike.
The company is facing a string of losses and shrinking customer base.
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.
This is the first Windows Phone 8 device with a full high-definition 1,080-pixel display.
Unions will 'fight to death' if company 'decides' to shut Chennai factory.
Nokia said the freezing of the fixed assets would not have any impact on the day-to-day operations of the company.
To help customers identify original Nokia batteries from the counterfeit ones, Nokia has introduced hologram labels with authentication codes in all its new batteries.
The move is expected to help Nokia expand its presence in the key US market.
Nokia is hiring software experts, testing new products and seeking sales partners.
To beat its rivals, Nokia has done what most Chinese brands did soon after they entered the Indian market. Tied up with a well-known Bollywood actor as endorser, associated with cricket and established fan engagement initiatives, reports T E Narasimhan.
With Nokia starting to spin out mobile devices that come loaded with its music download service, the Finnish company is eager to see how consumers would use its 3.5-million music library, currently offered free.
Vehvilainen has been with Nokia since 1991 and is currently Chief Operating Officer of Nokia Siemens Networks.
In an effort to further boost its base among low-end customers, mobile phone major Nokia on Wednesday launched two new handsets for entry-level buyers.
Mobile phone maker Nokia announced the launch of its most affordable handset -- Nokia 105 -- in the Indian market aimed at first time buyers.
Within a year of selling its handset and services business to Microsoft, Nokia has again entered the mobile devices segment by unveiling a new tablet N1 in partnership with Taiwanese company Foxconn.
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.
Eyeing emerging markets for its affordable smartphones, Microsoft launched its first Lumia device without the iconic brand name of Nokia.
In February this year, Nokia had announced the 'Nokia X' family of affordable smartphones, running Google's Android apps, at the Mobile World Congress in Barcelona.
Rajeev Suri will become the new chief executive of Finnish telecommunications gear maker Nokia, the company said on Tuesday, confirming what analysts had expected.
Union sources claimed production at the Chennai plant, considered one of the biggest for Nokia, had declined from 13 million handsets per month to four million per month.
Nokia is targetting a bigger share in the domestic market, with integrated navigation services to its customers.
"The company plans to come up with internet-based services for the rural market soon," Nokia Corporation President and CEO Olli-Pekka Kallasvuo told reporters in New Delhi. The company would also introduce these services in its mid-level mobile devices as well. The Finland-based company is looking at micro finance as a major initiative to increase mobile penetration in India from the current 26 per cent.
Aiming a larger share in the country's smartphone market, Finnish handset maker Nokia today launched its Windows-based phone 'Lumia 610' at Rs 12,999, the cheapest device in the series.
While the tax holiday for the factory coming to an end might be a factor, many say the business model of Microsoft (which acquired Nokia's handset division last year), as well as freebies offered by the Vietnamese government, might also have played a role.
Earlier, there was one giant in Finland, now, there are two - Nokia and Microsoft, said Alexander Stubb, Finland's minister of foreign trade.
Nokia said that due to an ongoing tax dispute with Indian authorities, it would operate the Chennai factory as a contract manufacturing unit for Microsoft.
The company's overall share was sliding -- its market share stood at 49.3 per cent in 2010 -- and Korean competitor Samsung had dislodged it from the top slot in the aspirational smart phone segment in November 2011.
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