Nokia tax dispute: Freeze on Finnish firm's idle Chennai factory to remain until all legal disputes are settled
The freeze doesn't apply to machinery and Nokia can sell machinery housed within the Sriperumbudur facility.
Discussions are on between Foxconn and Nokia about the reopening of Nokia's Chennai plant that has been shut for years, but Foxconn has plenty of terms to discuss.
The tax dispute between Nokia India and Income Tax department, which has raised a claim of Rs. 10,000 crore on the telecom firm, would be taken up by the Delhi High Court for an urgent hearing next week.
Telecom equipment maker Nokia Networks on Wednesday said that its manufacturing plant in Chennai has capability to make 5G network equipment
Government may allow Finnish telecom firm Nokia to sell its Chennai plant with a condition that the money realised will be kept in escrow account till final verdict is out on its Rs 21,000 crore tax dispute.
Even as the fate of several workers of handset major Nokia at its manufacturing unit in Chennai hangs in balance, the management has announced a Voluntary Retirement Scheme for them.
An Indian court on Thursday accepted Nokia's appeal to release its local factory after its seizure by authorities in a tax dispute, removing a hurdle for
A court extended a hearing over local tax authorities' seizure of a Nokia factory by seeking information on the plant value...
It looks like cracks are starting to appear between Finnish mobile maker Nokia and one-time big market India. Reports have...