‘White knight’ Mukesh’s RJio to buy RCom’s wireless assets

Mukesh Ambani-led Reliance Jio Infocomm (RJio) has emerged as a white knight to acquire the wireless assets of debt-laden Reliance Communications (RCom), controlled by his younger sibling, Anil. While the companies did not divulge the financial details, banking sources pegged the deal at about ₹23,000 crore. BusinessLine was the first to report, on December 20, that RJio […]

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White House press secretary Sean Spicer resigns

White House Press Secretary Sean Spicer has quit, reportedly in protest at an organisational shake-up. Mr Spicer stepped down because he was unhappy with President Donald Trump’s appointment of a new communications director, reports the New York Times. Combative Wall Street financier Anthony Scaramucci has been picked for the role that Mr Spicer partially filled. […]

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