April

An analysis by Axis Capital has shown that April has seen positive returns on 12 occasions in the last 15 years, the most compared to any other month. On the other hand, February has been the bleakest in terms of monthly returns.

RBI releases draft paper on market-based mechanism for securitisation of stressed assets

This will be in addition to the existing asset reconstruction companies (ARCs) route under SARFAESI Act, RBI Governor Sanjay Malhotra said.

10 Most Popular Tourist Destinations in India You Should Avoid in April - Here’s Why

Planning a trip to India in April? Avoid these 10 popular destinations due to extreme heat and crowds. Discover cooler, offbeat alternatives for a more comfortable vacation.

Byju's pays April salaries to all employees except sales staff

This comes a day after Moneycontrol reported that the cash-strapped edtech company has rolled out a new policy linking sales staff’s salaries to the revenue they generate every week.

Ugadi, Gudi Padwa bank holiday: Banks will be closed for 4 days this week in these states 

States in which banks will work only three days this week -- Monday, Wednesday, and Friday -- are Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Manipur, Goa, Jammu and Srinagar.

Important days in April 2024: Mark your calendars for global causes and commemorations

Important Days and Dates in April 2024: There are several days of key importance in April that help raise awareness on an issue or commemorate an event.

Key infra sector growth slows down to 6-month low of 3.5% in April

The core sector growth was 9.5 per cent in April 2022 while in March 2023 the key infra sectors recorded a growth rate of 3.6 per cent.

Unseasonal rains in April, May bring down Delhi's power demand

In contrast to April this year, the peak power demand was higher on all the corresponding days in 2022, with a difference of up to 37 per cent, the official said.

AC sales dip 15% in April as temperature falls; expected to recover in May

Customers have delayed the purchase of air conditioners in April and May, which are considered to be the peak season for the industry.

NTPC coal output from captive mines rises over two fold to 2.75 MMT in April

Coal despatch at 2.95 MMT in April 2023 over despatch volumes of 1.23 MMT achieved in April 2022 was the highest ever.

For Indian aviation, best-ever April clears the runway for a bumper summer

However, airline companies in India continue to face headwinds in the form of high cost of fuel (due to Russia-Ukraine war), shortage of engines and crew, and dollar-denominated lease costs rising on falling rupee.

Toyota Kirloskar sales dip 6% in April to 14,162 units

The company had dispatched 15,086 units in the domestic market in April 2022.

India April factory activity hits 4-month high on robust demand

The survey results suggest India will continue to be one of the fastest-growing major economies despite slowing global growth that has undermined momentum across several other countries.

India's forex kitty declines by USD 2.16 billion to USD 584.24 billion

The reserves have been declining as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments.

Government cuts gas price for April to $7.92; ONGC/OIL capped at $6.5

The Union Cabinet while changing the pricing formula capped the rates at $6.5 per mmBtu for gas produced at legacy oil fields

Goods exports touched $447 billion in 2022-23; final numbers awaited: Piyush Goyal

The final export and import data for 2022-23 would be released by the mid of April.

Chrys Capital-backed Mankind Pharma may float Rs 4,200-4,700 crore IPO in April

In 2015, Capital International had purchased an 11 percent stake in Mankind Pharma from ChrysCapital for $200 million. In April 2018, a ChrysCapital-led consortium, which included GIC and CPPIB, made a stunning comeback and bought a 10 percent stake again for around $350 million.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

India exports wheat worth Rs 11,728.36 crore during April-January of this fiscal: Govt

In May last year, the government had banned exports of wheat to boost domestic availability and control prices In a written reply to Lok Sabha, Union Agriculture Minister Narendra Singh Tomar said, "At present, there is no proposal for lifting restriction on export of wheat before the Department of Agriculture and Farmers Welfare".

India's coal production rises 15% in April-February period

The country's coal output was at 681.5 MT in the year-ago period, as per provisional figures of the coal ministry.

FDI equity inflows decline 15% to USD 36.75 billion in April-December FY23

The FDI inflows stood at USD 43.17 billion during the corresponding period of the previous year.

India-Pakistan trade stood at $1.35 billion during April-Dec 2022

Similarly, the country's trade with China has aggregated at about USD 87 billion during the nine-month period of this fiscal, according to the data provided by Minister of State for Commerce and Industry Anupriya Patel in a written reply to the Lok Sabha.

Medicine sales by dealers to retailers stood at Rs 1.40 lakh crore in April-December: Mansukh Mandaviya

In a written reply to a query, Union Minister of Chemicals and Fertilisers Mansukh Mandaviya laid a statement on the table of the Upper House stating no separate data is, however, maintained regarding consumption of generic medicines in the country.

Foreign liquor, beer prices set to rise in UP from April 1

According to the statement, an increment of 10 per cent has been made on licence fees of foreign liquor, beer, cannabis retail shops and model shops.

NTPC produces 14.55 MT coal from captive mines in April-December

The power giant had produced 9.65 MT of coal from its captive coal mines in the year-ago period