Nokia withdraws plea from HC for urgent sale of its Chennai unit

Last Updated: Tuesday, May 26, 2015, 09:53

Nokia India on Tuesday decided to withdraw from the Delhi High Court its plea for urgent sale of its Chennai mobile manufacturing unit which was frozen over a tax dispute.

Indian Oil Corp to infuse Rs 1,000 crore in CPCL

Last Updated: Monday, May 25, 2015, 16:14

The Board of CPCL on Saturday decided to increase the authorised share capital of the company from Rs 400 crore (40 crore shares of Rs 10 each) to Rs 1,400 crore, the company said in a stock exchange filing.

Chennai Petroleum Q4 net jumps over seven-fold at Rs 364 cr

Last Updated: Monday, May 25, 2015, 12:26

The Chennai-based company had reported a net profit of Rs 49.81 crore during the corresponding period of the previous year, CPCL said in a BSE filing.

Essar pulls out of race to buy Nokia's Chennai mobile plant

Last Updated: Thursday, May 21, 2015, 13:14

Nokia's Chennai plant is under freeze over an estimated Rs 10,000 crore tax dispute with the Income Tax department.

HC agrees to urgent hearing of Nokia plea to sell Chennai unit

Last Updated: Wednesday, May 20, 2015, 22:38

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.

Chennai plant has potential to make 5G gears: Nokia Networks

Last Updated: Wednesday, May 13, 2015, 22:05

Telecom equipment maker Nokia Networks Wednesday said that its manufacturing plant here has capability to make 5G network equipment, but at present the company is focussed on firming up technical standards.

Nokia Networks' Chennai plant crosses 2 mn units milestone

Last Updated: Wednesday, May 13, 2015, 22:01

Telecom gear maker Nokia Networks' Wednesday said that production of network components at its plant here has crossed over 2 million units.

Airtel got undue gain of Rs 499 cr from Chennai-TN merger: CAG

Last Updated: Friday, May 8, 2015, 18:56

The CAG on Friday said the Department of Telecom (DoT) allowing Bharti Airtel to merge Chennai telecom circle with Tamil Nadu in a haste manner in 2005 resulted in undue gains of Rs 499 crore to the company.

BMW ups local sourcing to 50%; to launch 15 new models this yr

Last Updated: Thursday, May 7, 2015, 15:12

BMW 5 Series car is using parts from Indian auto-component suppliers.

HC appoints Ernst & Young India as valuer for Nokia's plant

Last Updated: Monday, April 27, 2015, 20:41

The Delhi High Court Monday appointed Ernst & Young India Pvt Ltd as valuer for Nokia India's Chennai mobile making plant, frozen over an alleged Rs 10,000 crore tax dispute with the Income Tax department.

Offer for Nokia's Chennai plant very little: Tax dept to HC

Last Updated: Friday, April 24, 2015, 16:59

The Income Tax department on Friday told the Delhi High Court that the amount offered by an "arm's length buyer" for Nokia India's Chennai mobile making plant, frozen over an alleged Rs 10,000 crore tax dispute, is "very little".