Thursday, May 21, 2020

'KKR to invest Rs 11k cr into Jio Platforms'

Jio Platforms has raised Rs 11,367 crore or $1.5 billion from US private equity firm KKR as the latest infusion will take the total capital raised by Mukesh Ambani’s telecom and digital services venture to about Rs 78,562 crore or $10.3 billion. The deal will give KKR, which has invested through its Asia and technology funds in the deal, a 2.32% stake.

from Times of India https://ift.tt/36s0uXx

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Trump Signs Order To Ease Firing Of 8,000 High-Paid Government Workers

The order, released by the White House and the Office of Personnel Management, strips job protections from a mostly senior group of federal ...