Visitors look at Nokia's new $99 phone in its mid-range Asha line after it was unveiled at a launch in New Delhi May 9. Nokia is betting low-priced phones with Internet capability will help it regain lost ground in crucial emerging markets after falling behind in the global smartphone race. On Thursday, Nokia CEO Stephen Elop unveiled the new $99 phone in its mid-range Asha line at a launch in India, one of the most important markets in his bid to revive the struggling Finnish firm. The new phone offers Internet access on a touch-screen with built in applications for popular social media sites and more features than earlier models, which fell short of a full-fledged smartphone. - Reuters/Anindito Mukherjee