Lava today announced its first Windows-powered smartphone, the Iris Win1, launching exclusively on Flipkart.  Running Windows 8.1 on a quad core 1.2GHz Qualcomm Snapdragon processor, with 1GB of RAM, the phone will also have 8GB storage, expandable up to 32GB, 4"display, 5 MP rear camera and a 0.3 MP front cam. Powered by a 1950mAh battery and sporting dual sim capability, the device will launch on Dec 4 at Rs 4,999. 

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One tiny bit of good news is the device ships with a flip cover and screen guard inside the box along with headphones. You can find more information here.