IT dept to see if offer for Nokia Chennai plant acceptable: HC

Last Updated: Friday, April 17, 2015, 19:13

The Delhi High Court on Friday asked the Income Tax department to examine the offer by an independent buyer for Nokia India's mobile manufacturing plant in Chennai and to sell the asset, which has been frozen over an alleged Rs 10,000 crore tax dispute, if the amount is acceptable.

'Nokia has identified "serious" buyer for Chennai plant'

Last Updated: Friday, April 10, 2015, 22:38

Finnish telecom equipment maker Nokia has identified a "serious" buyer for its manufacturing plant in Chennai, a top Tamil Nadu government official said Friday.

Nokia plant in Chennai likely to restart again, indicates PM

Last Updated: Tuesday, March 3, 2015, 22:47

The Nokia plant, based near Chennai, had started operations in 2006 and shut down operations on November one last year.

Foxconn shuts Sriperumbudur unit after severance deal

Last Updated: Monday, February 16, 2015, 14:10

After weeks of negotiations with employees agitating against suspension of operations at the Foxconn's Sriperumbudur plant, the electronic parts manufacturer said a severance agreement has been reached and the facility is closed down.

TN Govt blames UPA tax policy for Nokia plant shutdown

Last Updated: Saturday, February 14, 2015, 16:09

Tamil Nadu Government today blamed the erstwhile Congress led UPA Government's tax policies for the suspension of production by Finnish mobile handset maker Nokia at its plant here but said it was trying to find a solution to the issue.

Ford to expand exclusive distributor network

Last Updated: Thursday, February 12, 2015, 23:26

US-based auto major Ford, as part of strengthening its distributor network rpt distributor network, has appointed second exclusive distributor -- Eureka Ford Parts, in the country.

Foxconn to close Chennai plant on Tuesday: Employees Union

Last Updated: Monday, February 9, 2015, 22:41

An employees union of Foxconn India on Monday said that they have been told the company is closing its plant near here tomorrow, but it could not confirmed with the management.

Xiaomi to manufacture handsets in Chennai?

Last Updated: Friday, February 6, 2015, 00:10

Inventec, the Taiwanese ODM is mulling setting up of a production facility in Chennai.

BMW to increase local content in some models

Last Updated: Wednesday, February 4, 2015, 17:12

German luxury car maker BMW has partnered with auto-component suppliers to increase local content in its cars to around 50 percent.

BMW hikes localisation level, plans 15 launches this year

Last Updated: Tuesday, February 3, 2015, 20:49

German luxury car maker BMW is ramping up its localisation efforts in India with over 50 percent of parts of its vehicles produced at Chennai plant to be sourced from here.

Foxconn employees to go on hunger-strike on Jan 23

Last Updated: Tuesday, January 13, 2015, 11:14

Trouble began at the manufacturing facilities of Foxconn situated at Sriperumbudur near here after it decided to suspend production from December 22, 2014. Fearing job losses the employees have been resorting to agitations since then.

195 protesting workers of Foxconn detained

Last Updated: Monday, January 5, 2015, 20:16

According to representatives of Foxconn India Employees Union, 195 agitating workers, who forcibly tried to enter the plant, were detained in a marriage hall and later released.