SC clears Reliance Communications' asset sale to Reliance Jio

The Supreme Court has asked the government to clear Reliance Communications' spectrum sale to Reliance Jio in seven days, once it submits a corporate guarantee of ₹1,400 crore. RCom's subsidiary Reliance Realty has been asked to furnish the guarantee in two days. The government had asked the court to block the sale unless bank guarantees worth ₹2,940 crore were provided.