Southeastern City: Nokia

Nokia: The ruling by the Delhi High Court coincided with a deadline after which Nokia had said the factory in the southeastern 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, which makes basic phone handsets, and some 25,000 subcontractors are dependent on its business, according to court filings, according to Times Colonist. Thursday's ruling did not resolve Nokia's overall tax dispute. The court wrote in its ruling that "there is partial truth in the allegations made by both sides against each other" and noted that the case was likely to be protracted and end up before the country's Supreme Court and MUMBAI, India - An Indian court ruled Thursday that Nokia Corp. may transfer a factory seized by tax authorities to Microsoft as part of the Finnish communications giant's 5.4 billion euro $7.2 billion sale of its devices and services unit. The case has been closely watched because several other international corporations are embroiled in tax disputes with the Indian government, including Vodafone, Shell and IBM. (www.immigrantscanada.com). As reported in the news.