Markets react positively to RBI’s capital transfer to government. Deadline for filing income tax returns ends on 31st August, 2019. Bimal Jalan report warns RBI should keep equities at appropriate level. Govt to consider easing FDI norms in single brand retail, digital media today. Toyota and Suzuki enter capital alliance to jointly develop futuristic technology. Hotstar is the most preferred streaming platform in India, followed by Amazon Prime Video and Netflix. 55% of Indians prefer OTT to DTH. Purdue Pharma, the company blamed for fueling US opioid crisis, offers to settle lawsuits for $10bn-$12bn. US is about to flood the market with even more oil.
Moving on to the top Business news of the day: