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Total 87 results found. Search for [ nokia chennai plant ]

Results 40 to 60 of 87
PTI
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.


Mail Today Bureau
New Delhi, April 26, 2014
According to a Nokia statement, the value of the transaction, which was completed after a month's delay, is expected to be slightly higher than the earlier announced 5.44 billion euros ( about $ 7.2 billion) after final adjustments based on the verified closing balance sheet.


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.


Jussi Rosendahl
Helsinki, April 25, 2014
India-born Suri, 46, has been widely considered the leading candidate for the CEO post as in recent years he has helped the network division Nokia Solutions and Networks turn profitable.


PTI
New Delhi, April 24, 2014
Nokia will operate the Chennai plant, which is being excluded from the deal due to a tax dispute, as a contract manufacturing unit for Microsoft after the deal.


PTI
New Delhi, April 22, 2014
Finnish handset major Nokia said it expects the $7.2-billion deal with Microsoft for sale of its mobile devices and services business to conclude on April 25 and expressed the hope it would continue to operate the disputed Chennai plant under a service agreement.


PTI
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.


Mail Today Bureau
April 16, 2014
\"We would like to clarify that the scheme is voluntary and it is up to employees to opt for it or not,\" Nokia said responding to allegations of employees that they are being forced to accept the scheme.


PTI
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.


PTI
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.


PTI
Chennai, March 28, 2014
The state government had issued a Rs 2,400 crore notice to Nokia saying the company had been selling the products produced from Chennai plant to the domestic market, instead of shipping them overseas.


PTI
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. 


PTI
New Delhi, March 22, 2014
The development comes within a week of the Supreme Court refusing to lift restraint on sale of its Indian assets in a separate case related to payment of tax dues.


PTI
New Delhi, March 15, 2014
Nokia said it is disappointed by decision of the Supreme Court which 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.


PTI
New Delhi, March 3, 2014
A bench, headed by justice A R Dave, decided to hear the matter on March 11 after Nokia's counsel submitted there was a need for an early settlement of the tax dispute as the assets transfer to Microsoft has to take place in another two to three weeks.


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.


PTI
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.


PTI
New Delhi, January 4, 2014
The Income Tax (I-T) department moved the Delhi High Court seeking \"directions/clarifications\" of the December 12 order by which the assets of mobile phone handset maker Nokia in India were defreezed.


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