Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

India 3rd Largest Economy, HDIL, Tata Motors, Spain’s Record Deficit

30 May 2013Deepak Shenoy1 min read

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What is "India 3rd Largest Economy, HDIL, Tata Motors, Spain’s Record Deficit" about?
What category is this article in?: Commentary
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 30 May 2013.
How long does this article take to read?: 1 min read

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.

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