After Facebook, Silver Lake invests Rs 5,656 cr in Mukesh Ambani's Reliance Jio

Agencies
May 4, 2020

Mumbai, May 4: Days after Facebook, private equity firm Silver Lake said it will invest 56.56 billion rupees ($746.74 million) in Reliance Industries's digital arm, giving it a valuation of 4.90 trillion rupees. Silver Lake on Monday agreed to pay Rs 5,655.75 crore to buy 1.15 per cent stake in the firm that houses billionaire Mukesh Ambani's telecom arm Jio.

The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 per cent stake in Jio Platforms. The investment is at a premium of 12.5 per cent to the Facebook deal.

"This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 per cent premium to the equity valuation of the Facebook investment announced on April 22, 2020," Reliance said in a statement.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 10,2025

indaarmy.jpg

New Delhi, May 10: In a detailed joint briefing today, India’s defence and foreign ministries dismantled Pakistan’s claims of major strikes on Indian infrastructure and exposed Islamabad’s alleged attempts to escalate conflict along the border. Here's a clear breakdown of 12 crucial points made by Indian military officials:

1. Pakistan’s Claims Are False
The Indian government called Pakistan’s statements about destroying airbases, power grids, and cyber systems “completely false” and “state-sponsored propaganda.”

2. No Damage to Indian Airbases
Indian officials categorically denied Pakistani claims of hitting Sirsa, Suratgarh, and the S-400 radar base in Udhampur.

3. Pakistan Used Multiple Attack Platforms
Pakistan employed UCAVs (unmanned combat aerial vehicles), loitering munitions, long-range missiles, and fighter aircraft to target military and civilian sites.

4. Civilian Infrastructure Targeted
Pakistan struck schools and a Medicare centre near Indian Air Force bases in Srinagar, Awantipora, and Udhampur.

5. Over 26 Locations Attacked
India reported air intrusions and harassment attacks across 26+ locations from Srinagar to Naliya, along the Line of Control (LoC) and international border.

6. Limited Damage at IAF Bases
Minor damage occurred at four IAF stations: Udhampur, Patan, Adampur, and Bhuj — but all operations remain unaffected.

7. Heavy Cross-Border Shelling
Sectors like Kupwara, Baramulla, Poonch, Rajouri, and Akhnoor saw intense artillery, mortar, and small arms fire — all met with strong Indian retaliation.

8. Pakistan Moving Troops to Forward Areas – Signals Possible Escalation
The Indian Army observed significant Pakistani troop mobilisation toward forward posts along the LoC. This movement, described as “indicative of offensive intent,” suggests that Pakistan may be preparing for a wider military escalation. The Indian armed forces are on high operational alert, closely monitoring the situation and ready to respond to any provocation.

9. India’s Response: Swift, Measured, Targeted
In retaliation, India struck only military assets — radar stations, command centres, and storage sites — using precision air-launched weapons.

10. No Damage to Critical Indian Defences
Pakistan’s claims of destroying India’s S-400 systems, BrahMos base, and Chandigarh ammo depot were debunked with timestamped visual evidence.

11. Pakistan Trying to Spread Communal Discord
Indian officials accused Pakistan of fabricating stories to stoke communal unrest in India — calling such efforts "doomed to fail."

12. India Committed to Responsible Conduct
India reiterated its commitment to non-escalation — “provided Pakistan reciprocates.” Officials stressed that India’s military operations have been calibrated and proportionate.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 13,2025

shelling.jpg

Srinagar: Following an unprecedented episode of intense cross-border shelling by the Pakistan Army that directly targeted the towns of Rajouri and Poonch in Jammu and Kashmir, the Indian government is moving to construct community bunkers in these towns and other vulnerable areas along the Line of Control (LoC).

While the government has, over the past decade, supported the construction of both individual and community bunkers along the LoC and the International Border (IB), towns like Rajouri and Poonch had been excluded from such initiatives. These towns were considered safe, as previous shelling incidents were largely restricted to forward villages closer to the border.

Officials now say the latest shelling marks a dangerous shift in the pattern of cross-border hostilities.

“The nature and intensity of the attack marked a significant departure from past ceasefire violations. For the first time in years, heavily populated towns like Rajouri and Poonch were directly hit,” a senior official said.

Caught unprepared, residents in both towns had little access to protective infrastructure as long-range mortar shells struck deep inside civilian areas.

“People weren’t expecting this—these towns had never been targeted before. Without bunkers, many had nowhere to go for safety,” the official added.

In response, the government now plans to build community bunkers at strategic locations throughout Rajouri and Poonch. These reinforced shelters will offer immediate protection to civilians during any future shelling incidents.

“In areas where individual bunkers aren't viable, community shelters become essential. These will provide residents with quick access to safety in emergencies,” the official noted.

The attacks have left local communities rattled.

“This is the first time shells landed so close to our homes in Poonch town,” said Abdul Rashid, a resident. “We never thought this would happen here.”

The sudden escalation has disrupted the fragile calm along the LoC, raising concerns over a potential return to more violent confrontations in the region.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 14,2025

shaw.jpg

Border Security Force (BSF) jawan Purnam Kumar Shaw who was in Pakistan’s custody since April 23, has been handed over to India. The BSF said in a statement that Shaw was handed over to India at 10:30 am through the Attari border check post in Amritsar. 

BSF stated that Shaw is being debriefed after his handover. 

The handover was conducted peacefully and in accordance with established protocols, said the force. 

"With the consistent efforts of BSF through regular flag meetings with Pakistan rangers and through other communication channels, the repatriation of BSF constable has become possible," said BSF. 

Shaw, a jawan of the 182nd Battalion, was detained by the Pakistan Rangers after he inadvertently crossed the International Border near Punjab’s Ferozepur. 

The jawan on duty was stationed near the border fence. He was in uniform and was carrying his service rifle, when he moved towards a shaded area for some rest. In doing so, he had crossed into Pakistani territory, where he was apprehended by the Pakistani Rangers. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.