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 royalty payment obligations will be subject to arbitration.
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.
Nokia sold its once-dominant handset business last year.
Nokia Life services, where the information is customised and designed to meet customer needs in areas such as education, agriculture, healthcare, livelihood and even spirituality, are delivered as SMS messages to the consumers.
The possibilities are: Apple, Google and a third player. The pursuit of that third slot is where there will be blood on the streets -- who will win, RIM or HP or Microsoft?
Finnish newspapers are saying that he was unlikely to return because of disagreements over the strategy of the struggling mobile phone company.
Nokia agreed in September to sell its devices and services business and license its patents to Microsoft for 5.44 billion euros after failing to recover from a late start in smartphones.
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.
The company is in the process of testing solutions for these services.
The new feature helps customers to identify a place or a shopping mall or a food joint from their mobile phones, Nokia India director -- operator Channel V Ramnath said.
Prime Minister Manmohan Singh and Congress President Sonia Gandhi on Saturday visited Nokia's handset manufacturing facility in Sriperumbudur.
Nokia on Thursday announced installation of a server in India to enable security agencies lawfully intercept its email and messenger services, a move which may force BlackBerry to follow suite.
In more trouble for Finnish mobile firm Nokia, whose immovable assets were attached in an alleged tax evasion case recently, the Income Tax department is set to issue fresh demand notices for payment of taxes to the tune of Rs 1,000 crore (Rs 10 billion).
The 1020 has to live up to the perception of an imaging device.
In recent months, Nokia has been snapping up some small companies and the latest was the buyout in April of MetaCarta Inc, a firm specialising in geographic intelligence solutions.
The Finnish company is slowly and steadily strengthening its smartphone portfolio with both cheap and expensive products to tap the youth.
There are big tradeoffs involved and it has invested heavily here; an unfriendly tax regime, though, might push it out to a country such as Vietnam.
Finnish handset maker Nokia became the centre of a tax scandal as a team of Indian Income-Tax officials on Tuesday raided its factory near Chennai on charges of alleged tax evasion worth Rs 3,000 crore (30 billion).
"Nokia plans to reduce up to 10,000 positions globally by the end of 2013. Nokia is beginning the process of engaging with employee representatives in accordance with country-specific legal requirements," it said in a statement.
The financial structure of the agreement includes undisclosed one-time payment and on-going payments, all from RIM to Nokia
Authorities have put forward a tax demand of Rs 2,080 crore.
Consumers, who own the chargers manufactured by a third-party supplier, are recommended to exchange these chargers for free, the company said.
Fintech major PhonePe on Wednesday announced the launch of its homegrown Indus Appstore specifically for the Indian market, in a bid to compete with global incumbents like Google Play Store and Apple's App Store. The Indus Appstore is PhonePe's attempt at creating a more competitive and localised mobile app store economy for India, which is already the world's largest market for mobile apps.
India is crucial for Nokia's attempt to hold on to global market share.
Nokia on Tuesday issued a warning over its mobile BL-5C batteries manufactured by Matsushita Battery Industrial Co Ltd of Japan between December 2005 and November 2006, saying that the batteries may overheat while charging.
Dixon Technologies' January-March quarter (Q4) results came in well below expectations, but the potential for signing up a new mobile client, and plans for backward integration into display manufacturing kept investors happy. Dixon's Q4FY24 revenue grew 52 per cent year-on-year (Y-o-Y) to Rs 4,660 crore, below Street consensus, due to weakness in consumer electronics (Rs 890 crore) and home appliances (Rs 294 crore) segments.
Leading mobile handset maker Nokia has registered nearly 15 per cent decline in revenue at Rs 14,100 crore (Rs 141 billion) in 2009-10 over Rs 16,567 crore (Rs 165.67 billion) in the previous fiscal mainly due to low prices and fierce competition from smaller players.
Nokia has also included 'Slam' feature in Asha 205. Slam allows consumers to share multimedia content like photos, music and video with nearby friends almost instantly.
Nokia said that it will be informing all stakeholders including the Labour Commissioner of the suspension.
Nokia has tied up with Citibank, HDFC Bank, Axis Bank, Standard Chartered, HSBC, ICICI Bank and SBI Cards for the EMI scheme and the offer will be available to consumers with credit cards from any of these banks.
The application has been launched for its Lumia series of phones and other smartphones.
Although the company did not divulge the exact price but said it will be priced below Rs 11,000.
The firm said on Tuesday actions would be taken at its devices and markets units as well as in the corporate development office and global support functions. The cell phone maker noted that it intends to scale sales, marketing and technology management to match the pruned portfolio and global consumer demand.
The decision to shut down the Chennai plant will reduce valuation of Nokia for Microsoft
The world's largest mobile phone maker Nokia will be slashing its global workforce again by another 490 jobs, with as many as 170 positions to go in logistics, production management and production support areas.
Targeting the 43 per cent of the Indian population that understands Hindi, Nokia on Tuesday showcased three handsets with predictive text input to enable users to send and receive messages (SMS) in Hindi, besides announcing a Hindi mobile portal.
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