Thursday, December 12, 2013

chennai news

chennai news


Nokia relief comes with riders - Calcutta Telegraph

Posted: 12 Dec 2013 03:00 PM PST


Nokia relief comes with riders
Calcutta Telegraph
12: Nokia has won an appeal to release a local factory seized by authorities in a tax dispute, allowing the transfer of the plant as part of the sale of its mobile phone business to Microsoft. The plant in Chennai is one of Nokia's biggest phone-making factories.

and more »

Court allows Nokia sale on parent's guarantee - Financial Express

Posted: 12 Dec 2013 02:54 PM PST


Financial Express

Court allows Nokia sale on parent's guarantee
Financial Express
In a major relief for Nokia India, the Delhi High Court on Thursday lifted the freeze on the assets of its phone manufacturing facility in Chennai, paving the way for it to be transferred to Microsoft. However, the Indian entity's tax liability, should it lose the case ...

and more »

Anxious wait for 7000 employees: Will Nokia's factory be allowed to get ... - PRPick.com

Posted: 12 Dec 2013 02:52 PM PST


PRPick.com

Anxious wait for 7000 employees: Will Nokia's factory be allowed to get ...
PRPick.com
CHENNAI: Will Nokia's India mobilephone-making factory, mired in a tax dispute, be allowed to get transferred to Microsoft, the Finnish company's global acquirer? The answer will be known Thursday, the deadline for the transfer. Nokia and Microsoft will ...

and more »

Nokia Chennai workers waiting to join Microsoft - Financial Express

Posted: 12 Dec 2013 02:51 PM PST


Financial Express

Nokia Chennai workers waiting to join Microsoft
Financial Express
The Chennai plant workers union — Nokia India Thozhilalar Sangam — has expressed happiness over the Delhi High Court judgement allowing the Finnish mobile major to complete the deal with Microsoft. Nokia India Thozhilalar Sangam president M ...

and more »

Delhi High Court allows Nokia to transfer Chennai factory to Microsoft - India Today

Posted: 12 Dec 2013 02:29 PM PST


Delhi High Court allows Nokia to transfer Chennai factory to Microsoft
India Today
The ruling by the Delhi High Court coincided with a deadline after which Nokia had said the factory in the south-eastern city of Chennai would be excluded from the Microsoft deal and might have to close. At least 8,000 workers are employed at the factory, ...

and more »

Nokia gets go ahead for Indian factory sale – at a cost - YLE News

Posted: 12 Dec 2013 02:06 PM PST


YLE News

Nokia gets go ahead for Indian factory sale – at a cost
YLE News
Nokia has won a Delhi High Court appeal Thursday to release the Chennai factory seized by Indian authorities in a tax dispute. The ruling requires the payment of 270 million euros in tax security to unfreeze the assets, but would enable the company to ...

and more »

Court allows Nokia to sell assets - PRPick.com

Posted: 12 Dec 2013 01:59 PM PST


PRPick.com

Court allows Nokia to sell assets
PRPick.com
The Income Tax Department had in January conducted a survey at the Nokia's Chennai's office and noticed 'significant defaults'. Thereafter, the Department reopened the assessment for 2006-07 and 2007-08. The Department submitted before the Court that ...

and more »

India to allow Nokia to transfer Channai factory to Microsoft - Business Spectator

Posted: 12 Dec 2013 01:55 PM PST


India to allow Nokia to transfer Channai factory to Microsoft
Business Spectator
Nokia has won an appeal to release a local factory seized by authorities in a tax dispute, allowing the transfer of the plant as part of the sale of its mobile phone business to Microsoft. The plant in the southern city of Chennai is one of Nokia's biggest ...

and more »

Rajinikanth Turns 63; Spends Birthday in Bangalore - India West

Posted: 12 Dec 2013 01:17 PM PST


India West

Rajinikanth Turns 63; Spends Birthday in Bangalore
India West
Sources close to the actor said he had earlier left for the city, keeping with his usual practice of staying away from Chennai on his birthday every year. Die-hard fans of the veteran actor have organized special prayers and welfare activities to celebrate their ...

and more »

Nokia wins appeal to transfer Chennai plant to Microsoft - Indian Express

Posted: 12 Dec 2013 01:05 PM PST


Indian Express

Nokia wins appeal to transfer Chennai plant to Microsoft
Indian Express
In a big reprieve for Nokia, the Delhi High Court today lifted the freeze on the Finnish company's assets in India, removing a major hurdle in the transfer of the firm's Chennai handset plant as part of the $7.2 billion global sale of its mobile phone business to ...

and more »

More Calcutta News

Posted: 12 Dec 2013 01:41 PM PST

Actor Salman Khan, who has a huge fan following across the globe, says he had no intentions of becoming a star. "I took birth in a family which was a part of this industry. By luck, I got this platform thanks to Sooraj Barjatya who gave me a break, and luckily the film also worked.

Hard Rock Energy drinks debut in South Florida as Seminole Tribe of Florida, Inc. launches new product rollout

Posted: 12 Dec 2013 01:10 PM PST

HOLLYWOOD, Fla., Dec. 12, 2013 /PRNewswire/ -- Hard Rock Energy drinks are making their debut in South Florida.  This test market is the first step in rolling out the new product by the Seminole Tribe of Florida, Inc., the Tribe's business development arm, which is jumping into the...

India court frees Nokia plant for Microsoft sale

Posted: 12 Dec 2013 01:10 PM PST

APPEAL CASE: A man uses a Nokia mobile phone to make a call on a street in Kolkata. An Indian court has accepted Nokia's appeal to release its local factory.

TTE dies following cardiac arrest after argument

Posted: 12 Dec 2013 01:08 PM PST

As the argument between the officials and unrelenting passengers intensified, it is said that Mr. Sanjeeva Rao collapsed.

Chennai International Film Festival gets off to a glittering start

Posted: 12 Dec 2013 01:07 PM PST

Kamal Haasan spins the focus on script writing

Indian Government Lifts Nokia's Asset Freeze, Factory Can Transfer To Microsoft

Posted: 12 Dec 2013 12:44 PM PST

rjmarvin writes "The Delhi High Court approved an appeal by Nokia today to unfreeze the company's Indian assets, including the Chennai mobile phone factory set to be transferred to Microsoft as part of its devices and services acquisition. The decision was contingent on Nokia putting $367 million in escrow to go towards its imposed taxes. Nokia lobbied to lift the freeze to avoid holding up the ...

PIL plea for transfer of US vessel case dismissed

Posted: 12 Dec 2013 12:38 PM PST

The Madras High Court Bench here on Thursday dismissed a public interest litigation petition seeking transfer of the U.S. ship case from the Tamil Nadu 'Q' Branch police to the National Investiga...

Aamir Khan, Kamal Haasan give memorable start to CIFF

Posted: 12 Dec 2013 12:25 PM PST

The presence of Aamir Khan and Kamal Haasan, India's two finest film personalities, at the opening ceremony of the 11th Chennai International Film Festival (CIFF), turned the evening unforgettable for the audiences and organisers as well here Thursday.

On Superstar b’day, the gift of vision

Posted: 12 Dec 2013 12:06 PM PST

The project is jointly supported by 'I Am For India,' a voluntary initiative by the actor's wife, Lata Rajinikanth, and the Rotary Club of T. Nagar.

Delhi HC asks I-T to unfreeze Nokia's Chennai plant

Posted: 12 Dec 2013 11:54 AM PST

Deal with Microsoft to go through, but tax case with Nokia continues