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dna Money Must Reads: From automobile sales to India's GDP estimate and more

These are the must-read business stories of the day.

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Top 5 business news of the day
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1) Renault posts three-fold jump in sales; Hyundai sells 55,000 units, Mahindra & Mahindra sales grow 14%, and so on

Renault India, Hyundai, Mahindra & Mahindra, Bajaj Auto and Maruti Suzuki reported their sales figures for the month of April today. You can read the stories here:

Mahindra & Mahindra sales grow 14% in April

Maruti Suzuki total sales up 13.3% in April 

2) Meet the father of Bitcoin, the real Satoshi Nakamoto

The identity of the father of Bitcoin has remained a mystery for ages. The founder goes by the name Satoshi Nakamoto and has kept his identity a secret until now. Australian entrepreneur and IT consultant Craig Wright has now submitted to three media organisations, putting the debate and the search to an end. Read it here.

3) IndiGo parent InterGlobe Aviation's stock drops over 6% on muted Q4 result

Shares of IndiGo's parent InterGlobe aviation plunged over 6% after the company's net profit remained flat at Rs 579.31 crore in the three months ended March.

After opening on a weak note, the stock further slipped 6.42% to Rs 1,007.40 on BSE.

AT NSE, the shares of the company were trading 6.95% down at Rs 1,006. Read it here.

4) India has clear picture of trade path, not aimless: Nirmala Sitharaman

Commerce and Industry Minister, Nirmala Sitharaman said that India is not aimless on its trade path and has a clear picture of where it needs to go from here, an Economic Times report has said.

She was speaking at a meet organised by the Research and Information System for Developing Countries (RIS), a Ministry of External Affairs (MEA) think-tank. Read it here.

5) India's GDP may grow at 7.4% in current fiscal: Standard Chartered

The Indian economy is expected to clock a GDP growth of 7.4% this fiscal largely driven by the lagged impact of a good monsoon and increased consumer spending, supported by pay commission awards, a Standard Chartered report says. Read it here.

 
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