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Motorola Mobility to shrink ops in India, cut 4,000 jobs worldwide
Nifty needs to close over 5350 to start a ‘higher top, higher bottom’ formation, which is a bullish sign. For the week gone by, the Nifty closed higher by 2 per cent, while the Bank Nifty closed the week up 0.42 per cent.
14 Aug 2012, 12:21 AM IST 
Habil Khorakiwala, chairman of Wockhardt
Ailing cell phone maker Motorola Mobility will shrink its operations in India and lay off 4,000 employees worldwide as part of its restructuring efforts, a report has said.Loss-making Motorola Mobility, which has good presence in India, was acquired by Google early last year as part of the internet major's strategy to bolster its capabilities in the Android platform - one of the widely-used mobile technologies.The restructuring effor...
