Looking for a hi-tech phone which does not come heavy on your pocket then Nokia Asha 305 is the answer to all your wishes.

Nokia India on Friday said it has appointed P Balaji as the Vice President and Managing Director for its India operations.

Moody's ratings agency has downgraded Nokia Corp's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs, and says the outlook remains negative.

Finnish handset maker Nokia may be lagging behind global competitors like Apple and Samsung, but in the dual SIM category in India, it is the top choice for consumers, a study by marketing research firm Nielsen said.

Loss-making Finnish cellphone maker Nokia has slashed around 15 percent off the price of its midrange Lumia 800 Windows Phone this week and made smaller price cuts on its other Windows models, revealed two industry sources on Thursday.

Nokia and Microsoft Corp took the wraps off the struggling European company's most powerful smartphone on Wednesday, in what may be their last major shot at reclaiming a market lost to Apple, Samsung and Google.

Finnish handset-maker Nokia on Tuesday added another model to its "affordable" handsets portfolio with the launch of Nokia 110- a dual SIM device priced Rs 2,489.

Financial inclusion facilitating firm Fino on Wednesday said it has acquired Finnish handset-maker Nokia's mobile payment services business in the country for an undisclosed sum that will help it enter prepaid mobile payments segment.

Korean electronics giant Samsung has dethroned Finnish major Nokia as the top mobile handset maker with sales of 86.6 million units in 2011, research firm Gartner said on Wednesday.

Finnish multinational communications corporation Nokia is expanding its product base in India. Company has strong presence in mobile handset device market.