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    Will WhatsApp No Longer Be Free et al.

    Professor of Financial Economics and Part-time Value Investor, Transfin.
    Aug 2, 2018 1:34 PM 2 min read

    End of Day Wrap-up (Thursday / Aug 2, 2018) WhatsAppBusiness #UPI #PhonePe #Paytm #TRAI #5G #BoE #US #China #tradewars #Tesla #Transfin

    Editor's Comment: UPI transactions fall 4% in July as National Payments Commission of India cleared out transactions originating from different UPI apps with debit and credit happening in the same accounts. PhonePe, with 95 million transactions in the past month, takes top spot from Paytm for most UPI transactions in July.

     

    WhatsApp business services app to start charging its users for sending marketing and customer service messages. WhatsApp will charge 0.5 cents to 9 cents depending on country as it looks to monetize the service which was started in January 2018.

     

    TRAI recommends auction of largest spectrum over 7,000 Mhz across eight bands incl. 5G; reserves pan-India price of  INR492cr per Mhz for 5G.

     

    Bank of England increases base rate by 25 basis points to 0.75%. This is the highest base rate since March 2009, post the economic crash. The base rate has been increased, according to Bank of England, as inflation is above the target and growth rate is progressing as expected.

     

    US considering increasing tariffs on $200bn goods from 10% to 25% to mount pressure on China as US expects China to change its trading practices. In response to this plan, China has vowed to strike back at every escalation, claiming this to be ‘blackmailing and pressurizing’ by US.

     

    Tesla's lower-than-expected cash burn drives the stock up 9% in after-market trading, despite earnings miss. As Tesla misses profitability this quarter as well, the results presented by Tesla for Q2 were not as bad as estimated by analysts, as Tesla hit target production level for its flagship Model 3 cars.