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Nokia ordered to give guarantee for around $572 million

Supreme Court today dismissed Nokia’s appeal challenging a lower court order over transferring ownership of its local mobile phone plant, which is the subject of a tax dispute, to Microsoft. The Supreme Court upheld a verdict by the Delhi High Court and ordered Nokia to give a guarantee for Rs 35 billion.


Nokia, which is selling its mobile phones business to Microsoft in a 7.2 billion deal, last month appealed to the Supreme Court saying the Delhi High Court had imposed “new conditions” over the transfer of the plant, after previously lifting a freeze on the assets.


The case, which has been ongoing for quite some time, came back into the limelight soon after Microsoft announced the acquisition of Nokia’s devices and services unit. Yesterday, the SC has ordered Nokia to submit a valuation report of its domestic entities to ensure sufficient funds to secure the interests of the Income Tax department.


The apex court added that the government would gain nothing by sending company officials to jail. This after, the IT department had moved the Supreme Court seeking to stop the transfer of Nokia’s Chennai plant assets to Microsoft pending resolution of a tax dispute, arguing that the company was being evasive about its valuation of the plant, according to the Financial Express.

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Sometimes, attending a gym might be difficult because of tight or irregular schedule, etc. In this case, you can resort some simple exercises that do not require any specific equipment.



1. Jumping jack 

This is a great exercise that will work your hands, legs and thigh muscles. 

Stand with your feet placed together, and arms at your sides. This is the starting position. Now tuck in your abs and jump by bending your knees. At the same time, move your feet apart, as much as you can. At the same time, raise your hand to bring them in line with your shoulder. Land on your feet, back to the starting position, and jump again.

2.Jogging 

You do not need to have or jogging track to perform this exercise. Jogging at one place is also an effective option.


Its a good exercise for your legs. Moreover it is one of the classic cardiovascular workouts. Make sure you wear jogging footwear even at home, to avoid any stress on your feet. Also, you can increase your jogging duration and speed gradually.


3.Rotational Exercises    

Stand straight with your feet together, and your arms extended in front of you. Start by rotating your wrist, clockwise, and then anticlockwise. Now, alternately rotate your feet in same fashion. Then place both your hands on the corresponding shoulder, and start rotating your shoulder clockwise and them anticlockwise.

4.Crunches

Lie flat, and bend your knees, and place the feet flat on the floor. Hips must form a 45 degree angle with the floor. Place hands behind your head, tuck in your abs, crunch up keeping your lower back on floor. Do not move your shoulders too much off the floor, as it may injure your neck. Get back to the initial position, and repeat. This exercise is also effective in providing relief form back pain. You can also perform V crunch or reverse crunch, which are useful for strengthening the abdominal muscles.

5. Lunges

Stand upright, and take a big step forward with your left leg. Bend the right knee, until it almost touches the floor. Ensure that the lower part of the left leg is straight. Now push back, and return to the standing position. Switch the legs, and repeat. Keeping your hands clasped together, and holding them in front of you will help in balancing. This helps to tone the leg muscles.



Apart from the above mentioned exercises, you can also perform squats, dips, push-ups, leg raises, etc. Setting a perfect mood will help to maintain the routine and the excitement. Make sure you wear an appropriate outfit to perform the workout with ease. Also, playing on your favorite music will make your session more lively.

Thanks for reading. 

By Kamlesh ( Trainer @Power Fitness Gym)