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Total 23 results found. Search for [ nokia-microsoft deal ]

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Chennai, December 16, 2014
Nokia's Chennai plant is locked in a legal dispute with the state government which slapped Rs 2,500 crore tax demand.
BT Online Bureau
New Delhi, November 27, 2014
Lava will make a proposal to buy Nokia's Chennai unit in mid-December. The tax issue needs to be sorted out before a final deal is sealed though, the ET report says.
Chennai, October 31, 2014
The facility was producing some of the basic GSM handsets. It was serving the local market, besides exports.
New Delhi, October 8, 2014
On Tuesday, Nokia announced suspension of operations at its Chennai plant from November 1 after Microsoft terminated an agreement to buy mobiles from the unit.
Chennai, April 29, 2014
Tamil Nadu slapped the tax notice accusing Nokia of evading tax, but the company disputed the claim. The High Court, while ordering that Nokia pay Rs 240 crore, observed that the Sales Tax Department ought to have heard Nokia's objections over the dispute.
Jussi Rosendahl
Helsinki, April 25, 2014
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 also said it will close a plant in Masan, Korea, which about 200 staff.
Mail Today Bureau
New Delhi, April 25, 2014
Unable to solve a dispute with Indian tax authorities, Nokia Corp said that due to an ongoing tax dispute, its Indian mobile phone handset plant was unlikely to be included in a deal due to be concluded on Friday for the sale of its global handset business to Microsoft.
Chennai, April 18, 2014
Nokia, which is involved in tax disputes with both the Income Tax department and the state government, earlier this month announced the VRS, saying it was part of its regular review of its manufacturing strategy to optimise and ensure smooth and timely delivery of its products.
Chennai, April 15, 2014
"There are about 8,000 workers employed at the Sriperumbudur Nokia facility, which has been scaling down its operations and announced VRS for the workforce. But the management compelling the workers to accept the scheme has enraged them", a leader from the employees union told PTI on condition of anonymity.
Associated Press
April 9, 2014
Nokia has received regulatory approval from Chinese authorities to sell its mobile phone unit to Microsoft Corp, removing one of the last major hurdles to the 5.4 billion-euro ($7.3 billion) deal.
Chennai, March 29, 2014
The employees announced the strike in Chennai the other day seeking job security to them in the wake of Nokia-Microsoft deal. The Nokia India Employees Union also decided to further step up their protest post the Lok Sabha elections, its Honorary President, A Soundararajan said.
New Delhi, March 24, 2014
The handset maker, which is facing multiple tax cases in India, added that the proceedings in the country will not affect the timing of the deal. "It now expects the transaction whereby the company will sell substantially all of its D&S business and license its patents to Microsoft to close in April 2014," Nokia said in a statement. 
Devidutta Tripathy
New Delhi, March 3, 2014
Nokia had last month appealed to the apex court saying the Delhi High Court had imposed "new conditions" over transfer of its mobile handset plant in India to Microsoft, after previously allowing it.
New Delhi, February 15, 2014
Finnish handset major Nokia has said the developments in the Rs 21,153-crore tax liability case in India is not expected to affect the "timing or closing" of its deal with software giant Microsoft.
Matti Huuhtanen
Helsinki, January 23, 2014
The Finnish handset maker said its overall business suffered a net loss of $34 million in the October-December period, with smartphone sales plunging 29 per cent.
New Delhi, December 13, 2013
Buoyed by the Delhi High Court's decision, Finnish handset maker Nokia said it will now start the planned transfer of its Indian assets to Microsoft, but said various statutory clearances are required before the hand-over.
Associated Press
Amsterdam, December 9, 2013
The Finnish company has sold most of its cellphone-making business to Microsoft Corp this year but retained its patent portfolio.
New Delhi, December 7, 2013
The Income Tax department may raise a total demand of over Rs 10,000 crore against Finnish mobile firm maker Nokia which is embroiled in an alleged tax evasion case ahead of its global takeover by software giant Microsoft.
New Delhi, December 2, 2013
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 Delhi, November 28, 2013
"You (IT department) have to take a decision. Say yes or no. If it is acceptable say yes, if not, say no. Either way but you can't say we will not decide," a bench of justices Sanjiv Khanna and Sanjeev Sachdeva said.
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