3845
Nokia Shuts India Plant
World Economy

Nokia Shuts India Plant

Nokia, once an iconic mobile handset maker, is shutting down its India plant Saturday at Sriperumbudur near Chennai, a company spokesperson said. “As announced earlier (Oct 7), we are stopping handset production at our Chennai plant from Nov 1 in the absence of orders from our new parent firm (Microsoft), which terminated the mobile purchase agreement,” a Nokia India official told IANS (Indo-Asian News Service).

 

Short URL : http://goo.gl/vVqCpG

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Trending

Googleplus