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Here are the top stories to start your day.
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⭐ 5G auction concludes
India's first-ever 5G spectrum auction concluded on the seventh day. Of the 72,098 MHz of spectrum offered across 10 bands, 51,236 MHz of spectrum was sold, and bids worth ₹150,173 were received. Reliance Jio emerged as the largest bidder for the 5G spectrum with bids worth ₹88,078 crore. Meanwhile, Bharti Airtel bid for 19,867 MHz of airwaves across different bands for ₹43,084 crore, and Adani Group bought 400 MHz of spectrum for ₹212 crore.
⭐ Coal India's production rises
Coal India reported an 11% year-on-year (YoY) jump in its July production to 47.3 million tonnes (MT) despite the monsoon slowing down its operations. The company is reportedly planning to operationalise 14 mines, which have a combined capacity of 165.58 MT per annum.
⭐ Zomato’s loss narrows
Online food delivery platform Zomato reported a decline in its Q1 consolidated loss to ₹185 crore against a loss of ₹356 crore YoY. Meanwhile, consolidated revenue stood at ₹1,413 crore, up 67% YoY. Growth in revenue was driven by 41% YoY growth in gross order value to ₹6,430 crore.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.53% |
| Nikkei 225 (Japan) | ▼ 1.59% |
| Hang Seng (Hong Kong) | ▼ 2.88% |
| SSE Composite (China) | ▼ 2.35% |
| Dow Jones (US) (August 01) | ▼ 0.14% |
| NYSE (US) (August 01) | ▼ 0.29% |
| Nasdaq (US) (August 01) | ▼ 0.18% |
| S&P 500 (US) (August 01) | ▼ 0.28% |
Fact of the day
WhatsApp is reportedly working on a new feature that will allow group admins to delete any message for everyone.
Source: News18