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.
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.
Nokia said that it will be informing all stakeholders including the Labour Commissioner of the suspension.
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.
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 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 decision to shut down the Chennai plant will reduce valuation of Nokia for Microsoft
Nokia's latest in the Lumia range may well shake up the smartphone market if it gets its pricing right.
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 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.
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.
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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.
A phone that gives you access to basic mail on the go, a bit of web browsing and social networking, the Nokia Asha 300 at Rs 7,409 offers some nice features such as 3G connectivity, a 1GHz processor and a strong build. The biggest downer however is the absence of Wi-Fi and a cumbersome resistive touchscreen experience.
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.
Lumia 830 is the last phone to carry the iconic Nokia branding. But is it geared to take on the competition? Himanshu Juneja has the answer.
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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.
Everyone's got their eyes on the Finnish company's notebook and here's why.
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HC restrains Nokia from selling, transferring ownership rights in India.
Get Ahead reader Rohit Sane reviews Nokia E7. His verdict: Recommended for business users as they won't mind a steep price tag of Rs 29,999.
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.
These latest additions to the Nokia Lumia series offers superb features for the youth for a price of Rs 20,000 and 10,500 respectively, writes Aditya Gidh
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