Archive for December, 2010


December 30, 2010

Being a generous and altruist person that she is, Nita Ambani once again took to the cause of doing something good for underprivileged kids this Christmas. For children at Akanksha, Teach for India, Nanhi Kali, Umeed and Pratham – the five Mumbai based NGOs that work with underprivileged kids, those with developmental disabilities, and the girl child- Nita Ambani played the best Santa they could have hoped for.
Nita Ambani spread Christmas joy by distributing gifts at the famous toy store ‘Hamleys’ in High Street Phoenix, Mumbai. She threw a welcoming bash for all the kids from these NGOs at the gigantic store opened by Reliance Retail in association with Hamleys of UK – the world’s most famous toy retailer since 1760.
This 30,000 square feet space is like a Disney World of toys. Filled with toys that lend themselves to every possible imagination of a child, this store from the house of Reliance Industries Limited (RIL) is probably one of the best and the most attractive that this city boasts about.
Nita Ambani, dressed sportingly for the role in red, joined in at ‘Hamleys’ which kept its doors closed for two hours each morning between Friday and Sunday so that underprivileged kids from these NGOs could have the ultimate treat of their lives. The store also featured puppet shows, magic shows, story-telling sessions, and other exciting activities like Santa parties and Christmas parades for the kids on these days. And the parting gift after this fun-filled Christmas bash was an educational gift from the lady Santa herself.

Spreading the message of ‘Share and Care’, Nita Ambani also spoke of ‘education for all’ as a realizing dream for all these kids. Education for All – was the initiative she launched during the IPL 3 by taking 100 kids to every match the Mumbai Indians played, and a small team of them to South Africa, when the team participated in the Champions League.
Nita Ambani has for long been a forerunner in undertaking the cause of helping underprivileged children and this Christmas she proved to be a true Santa by undertaking the ‘joy of giving’ stance and by also giving a helping hand in creating educational provision for all these children.

Reliance Digital gets its Makeover

December 21, 2010

Reliance Retail’s consumer durables and electronics arm, Reliance Digital, is revamping its image to become customer convenient. Reliance Digital, by conceiving a new brand slogan-‘We bring technology to life for you’ is drawing this revamping exercise to provide customers with a well differentiated value and experience.

The brand has revamped its website,, to make it more interactive and informative. Customers who visit the site and fill in their details get special discounts on products when they shop at the store. Reliance Digital in the first phase of the revamping its brand, will focus on top metros and satellite towns, and cover around 150 cities in the second phase.

Reliance Digital which currently has 27 stores across Mumbai, Delhi, Gurgaon, Ghaziabad, Jalandhar, Bengaluru, Mangalore, Hubli, Hyderabad, Vijaywada, Vizag, Secundrabad, Chennai, Ahmedabad, Vadodara, Nashik and Nagpur plan to focus on the country’s top metros and satellite cities in its Phase I expansion, and 150 cities in Phase II. The first Reliance Digital outlet to have undergone a revamp is the Vashi store in Mumbai which now claims to be more customers focused, convenient, informative and service oriented. It also has an Experience Zone to help customers feel, enjoy, test and try the products.

Reliance provides consumers with a wide range of high quality products at competitive prices. Reliance Digital has geared itself to be completely customer centric in its offerings and services. They offer wide range of state-of-the-art CDIT products to our customers and make it easy for them to understand and use its products.

Reliance Digital has set themselves high targets and standards so that their customers get the best at our store through products, solutions, service and a life-long relationship. Since its inception in 2006, Reliance Retail has grown into an organization that caters to millions of customers, thousands of farmers and vendors.

Mukesh Ambani to kick-start new ventures

December 7, 2010

Reliance Industries, CMD, Mukesh Ambani who heads the country’s most valued corporate entity, is planning to provide Rs 1000 crore seed capital to start a new venture that would invest in innovative business ideas, including in technology and healthcare segments.

Mukesh Ambani will probably make this investment of about USD 250 million in his individual capacity, sources close to the development said. The process has begun for stringing together a team of experts with domain knowledge of various sectors for managing this private equity venture. The top tier of people to be associated with this venture would include those with expertise in biotechnology, healthcare, energy and consultancy businesses, besides private equity and venture capital segments.

The new venture would mostly invest in start-ups working on innovative business ideas in sectors like biotechnology, healthcare, and information technology, new and renewable energy as also traditional energy sources, among others. However, it was unlikely that RIL group itself would get involved in the venture and it was most likely that the investment would be made by Mukesh Ambani in his individual capacity.

Reliance Industries Limited and Mukesh Ambani himself have often talked about need to invest in areas like business innovation, new technology and research and development. Earlier in 2007, RIL group firm Reliance Life Sciences had announced a partnership with MPM Capital, a US-based global investment management firm focused on healthcare business, to invest in Indian life science sector.

Subsequent to the deal, RIL invested nearly Rs 80 crores in a MPM BioVentures fund during the last fiscal 2009-10. The group has also created a Reliance Technology Group (RTG) by consolidating various research and technology functions of its businesses. It has also set up a Reliance Innovation Council that comprises of eminent scientist R A Mashelkar and Mukesh Ambani himself, among other global leaders, from fields of science and business.