The government raised another ₹4,000 crore on the second day of the 5G spectrum auctions, taking its total proceeds from the sale to ₹1.49 lakh crore. The action on Wednesday was muted, though some circles saw intense bidding in the mid band or C-band (3.3-3.67 GHz), and high band (26 GHz) for the second successive day.

Bharti Airtel and Reliance Jio Infocomm are believed to have finalised their 5G equipment partners, awarding contracts to Finland’s Nokia, Sweden’s Ericsson and Korea’s Samsung, officially shutting out Chinese vendors Huawei and ZTE from the rollouts of the next-gen technology.

The Supreme Court has upheld the constitutional validity of the provisions of the Prevention of Money Laundering Act (PMLA), calling it a “unique and special legislation” and underlining the powers of the Directorate of Enforcement (ED) to hold inquiries, arrest people and attach property.

(Your legal guide on estate planning, inheritance, will and more.)

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