Around 25 percent devices connected on mobile networks in the country are 3G enabled, out of which, only 45 percent smartphones are used for the high-speed Internet service, showed a study by Nokia Networks.
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.
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.
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.
Stocks of HCL Infosystems rose by over 3.5 percent as Nokia India, now subsidiary of Microsoft Mobile, signed a fresh 3-year contract with the IT services and product distribution company to sell its mobile devices.
Stalemate between representatives of Foxconn India and employee union continued on Friday at the fifth round of tripartite talks held in the presence of Labour department officials at Sriperumbudur near here.
It may have taken years for Tamil Nadu to emerge as a major industrial hub, but it's just one deadly blow served by global giant Nokia's exit that has sent it back to the drawing board to regain its lost glory.
Bullish on India, Nokia is ramping up its operations in the country, focusing on its three businesses of network infrastructure, location intelligence and advanced technologies, top executives of the Finnish telecom and IT conglomerate said.
Hours before the arrival of President Pranab Mukherjee here, Finland Tuesday raised the issue of the tax row Nokia has with India, saying their company was facing a "great problem" and "other consequences" were possible due to lack of clarity and stability of rules.