Maker of â¹1L phone files for bankruptcy, stops production 
US-based Turing Robotic Industries, which developed a â¹1 lakh smartphone last year in August, has filed for bankruptcy in Finland where the company's phones are produced. Turing Robotic's CEO Steve YL Chao said the company has filed for bankruptcy in order to temporarily suspend its "manufacturing intentions". The company allegedly owes its creditors nearly $2.4 million.