India's 5G auction underway; PhonePe seeking $12 bln valuation; Google warns of uncertainty ahead

The auction for the 5G spectrum got underway yesterday in India and the government received bids worth $18 billion on the first day from conglomerates including the Reliance Group and Adani Group, TechCrunch reports. PhonePe, one of the largest fintech businesses in India, is seeking a massive valuation ahead of its separation from parent Flipkart, ET reports. And Google's parent Alphabet missed earnings estimates yesterday and warned of uncertainty ahead