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INDIAN COURT REJECTS NOKIA APPEAL OVER ASSET TRANSFER TO MICROSOFT

India's Supreme Court on Friday ordered Nokia to give a 35 billion rupee ($572.5 million) guarantee before it transfers one of its biggest handset plants to Microsoft Corp. The ruling upheld a lower court verdict over the plant in Chennai, which is the subject of a tax dispute, and had been challenged by the Finnish company. Nokia's case is one of several high-profile tax disputes involving foreig...

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Yahoo!News (Date:03/14/2014 11:44)

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India: India , officially the Republic of India [c], is a country in South Asia. It is the seventh-largest country by area, the second-most populous country
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Microsoft PhotoMicrosoft: Microsoft Corporation is an American multinational software corporation headquartered in Redmond, Washington that develops, manufactures, licenses, an
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Friday: Friday is the day between Thursday and Saturday. In countries adopting Monday-first conventions as recommended by the international standard ISO 8601
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Chennai: Chennai itna is the capital city of the Indian state of Tamil Nadu. Located on the Coromandel Coast off the Bay of Bengal, it is a major commercial,
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Supreme Court: A supreme court is the highest court within the hierarchy of many legal jurisdictions. Other descriptions for such courts include court of last resort
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