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  1. 8h ago

    Top Business & Market Headlines Today — BL Morning Report, August 5, 2026

    Markets adjust to new closing auction mechanism Markets witnessed a volatile trading session as investors adjusted to the new closing auction mechanism introduced for stocks with futures and options contracts. Snapping a four-day winning streak, the BSE Sensex fell 210 points to close at 78,428, while the NSE Nifty declined 159 points to settle at 24,615. Despite sharp intraday swings, trading remained orderly, suggesting that market participants are gradually adapting to the new framework. Turnover in the closing auction session also remained healthy. The NSE recorded more than ₹1,540 crore in turnover on the second day of the mechanism, up from ₹1,276 crore on Monday, while the BSE saw turnover of ₹9.35 crore. Dabur defends product purity amid FSSAI action While financial markets were adjusting to a new trading regime, the consumer goods sector was grappling with regulatory scrutiny. Dabur India has defended the quality and purity of its products after the Food Safety and Standards Authority of India (FSSAI) prohibited the sale of certain food products over the use of “100 per cent” claims. The FMCG major said it has never made misleading claims and has already begun updating product labels, advertisements and website content to remove the “100 per cent” wording. According to the company, most affected products have either completed the transition or are in the process of doing so. Dabur also said it is engaging with the regulator and seeking legal advice on the way forward. India’s app economy hits record high From product labels to digital subscriptions, changing consumer behaviour is becoming increasingly visible across sectors. India’s mobile app economy posted its strongest quarter yet, with revenue reaching a record $345 million during the April-June quarter of 2026, according to data from Sensor Tower. The figure marks a 35 per cent year-on-year increase, driven largely by spending on AI applications, video streaming platforms and other digital services. Non-gaming apps alone generated nearly $240 million in revenue, growing more than 50 per cent from a year earlier. The latest numbers suggest India is steadily evolving from being the world’s largest app-download market into one where consumers are increasingly willing to pay for digital services. Centre moves to reintroduce MDR on UPI for large merchants As digital adoption accelerates, attention is also turning to the payment infrastructure that powers this growth. The Centre has initiated amendments that could reintroduce Merchant Discount Rate (MDR) on UPI payments made by large merchants. The proposal is part of the Taxation and Other Laws (Amendment) Bill expected to be tabled in Parliament. Alongside this, the government has proposed extending tax benefits for foreign companies supplying machinery to contract manufacturers until 2041, a move aimed at boosting domestic electronics manufacturing and supporting investments from global technology players. The proposed measures are expected to strengthen India’s manufacturing ecosystem while also reshaping the economics of the country’s rapidly expanding digital payments network. (Research and VO: Siddharth Mathew Cherian)

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