Well, An evergreen company Nokia, Nokia’s mobile division was purchased recently by Microsoft.
But as we all know it had failed miserably to make an impact in the mobile market.

Then we started hearing rumours about Nokia potentially coming back.
Well, then Nokia confirmed it stating HMD a new company formed by old executives of Nokia’s smartphone division.

Nokia said that it would licence its brand to HMD and phones would be manufactured by Foxconn.

Then we found Nokia’s rumoured phone Nokia D1C started appearing on benchmarking sites.
That was past!!
Recently they have made it official that they are going to make a come back in 2017.
Nokia recently made it official on it Capital markets day 2016 event.
A possible phone could be D1C, which is said to a Qualcomm chipset and Andriod OS (Well they had to ditch Windows OS).

Update :

According to the latest report from News18.com Nokia’s speculated phone D1C which is powered by snapdragon 430 coming with two ram options may be priced at a very competitive price of 10,000 rupees may be released world mobile Congress 2017 .
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