India is probably the world’s third largest economy, says the OECD. While this sounds good, it’s probably because in dollar terms the Japanese economy has contracted with the fall of the Yen. However, with a 1.2 billion population, India is bound to overtake most other countries from sheer size.
The Mumbai Airport (MIAL) cancels HDIL’s contract for way too much delay. HDIL writes off 442 cr. as losses for the highest project on its books.
Tata Motors announces results for Q4 2013, and they come in at 10% higher revenue, but a 36% drop in net profit. While you may think this is bad, the stock seems to be up at 314.
The Rise of Srinivasan and the Fall of India Cements (FirstPost)
Spain’s Deficit Goes to Biggest in First Quarter History, Taxes earn 6.7% lesser (Mish)
“Stupid Money” chases out investors from the rental yield market in the US (CalculatedRisk)
Why Flipkart Shut Down the Flyte Music Store (MediaNama)
