Archive for February, 2011

Reliance Fresh to support Tihar Jail food enterprise

February 21, 2011

As the products manufactured in country’s most infamous jail finds a popular ground among the masses, the authorities of Tihar Jail have now decided to take this little endeavor of the inmates to a commercial level. It is reported that the big names like Reliance Fresh, a value store format, and Mother Dairy will sell the products manufactured at the facility at their respective outlets.
Reliance Fresh, a value retail format from the house of Reliance Industries Limited, will carry products such as bread, cookies, cakes, namkeen, biscuits, rusks, loaves, oil and even some home décor products like wooden furniture. These products are manufactured in huge quantities in the Tihar jail factory and have readily garnered for themselves a good customer base. Theses high quality products are available at affordable prices to the people at six different outlets in New Delhi. It is reported that the retail trade of its products has increased the annual turnover from Rs 6.6 crore in the year 2009 to Rs 10 crore in 2010.
In an effort to reach out to a larger customer base and provided the inmates with an opportunity to generate income and a means of livelihood, the Tihar Jail authorities are optimistic that this move will turn out fruitful.
An officer at Tihar Jail facility stated, “We are aiming at attaining a goal of Rs. 15 crore annual turnover this year around. The more the products sell, the more it increases the job opportunities for the inmates inside the prison premises and he or she also gets to earn well. It will also help towards the rehabilitation programme for the prisoners,”
Indeed an opportunistic move; such an initiative may just prove to be an excellent motivating factor for the inmates and provided them with proper direction as to how to rear a decent livelihood. With the support from likes of Reliance Fresh, Mother Dairy and MCD, the inmates at the facility will be able to shore up from their existence. The authorities are also planning to open their outlets at various court complexes such as Patiala House, Tis Hazari, Dwarka, Karkardooma and Rohini courts.

RELIANCE BRINGS TURBULENT LITERATURE TO READERS

February 10, 2011

Renowned publishing house Hachette India recently tied up with Reliance Time – Out to launch Samit Basu’s latest thriller novel titled “Turbulence” which is also the Fiction Super Lead of the Year. The launch happened at the Reliance TimeOut Cunningham Road outlet and was followed by a conversation by the author with Zac O’Yeah who is the author of a popular book – “Once upon a time in Scandanavistan”.

Reliance truly wants to build up on the passion of reading and want to keep providing book lovers with the best possible material. The company also wants to give people the opportunity to meet up with their favorite authors up close and personal and to get a feel of the book before they pick it up.

Ever wished you could have super powers? Ever wanted to wake u one day with the ability to achieve anything? Samit Basu’s latest is everything about the charm of super powers and more. The book tells us the tale of a group of people on a flight who get out of it with sudden super powers; powers that they didn’t know that they really wanted. Managing these powers is a task that brings with it several challenges. As they are being tracked down by the proverbial evil anti-hero, these ‘Superheroes’ have to fight against the odds and learn to channel their powers in a way that will help them stand up against evil. The book brings with it nail biting action that claims to keep readers hooked on right from the first page, to the last.

Samit Basu is renowned for his wacky stories and his ability to provide readers with something that hasn’t been read or experienced before. He has written several novels and screenplays; most of which have gained fame and popularity amongst readers across several age groups. Reliance TimeOut has definitely unearthed a gem in the literary world.

RIL’s Infotel Broadband Services calls for bids from telecom operators

February 4, 2011

Mukesh Ambani owned Reliance Industries Limited (RIL), India’s most valuable company by market capitalization, has invited bids from telecom tower operators willing to lease out around 26,000 towers across India for its subsidiary Infotel Broadband Services Pvt. Ltd. RIL has been testing 4G technology in some areas and in an effort to unroll their 4G broadband services nationwide, it has called for bids in regards to this aspiring Broadband Wireless Access (BWA) venture.
Viom Networks Ltd, India’s largest independent telecom tower company and GTL Infrastructure Ltd are likely put in their bids with this mega-conglomerate in an effort to rope in the power house as their prospective clients.

Infotel Broadband Services won the pan-India spectrum for broadband wireless access (BWA) last year. RIL acquired 95% stake in Infotel, thereby making its re-entry in to the telecom quarter. Infotel was able to acquire air-waves in 22 circles in a government auction, following which, it raised $1 billion through ECBs to refinance loans availed for paying fee for Broadband Wireless Access (BWA).

“Infotel is in the process of finalizing the arrangement with leading global technology players, service providers, infrastructure providers, application developers, device manufacturers and others to leapfrog India to the 4G revolution,” RIL had said in a statement issued on 21 January, while announcing its results for the quarter ended 31 December.

Currently, RIL is finalizing vendors who would supply broadband equipment based on the so- long term evolution (LTE) technology so as to roll out wireless broadband services by the end of 2012.

Last year, India announced a National Broadband Plan with the intention of connecting close to 160 million households as compared to the present estimate of 10.3 million.
This venture will mark RIL’s successful entry into a new found sector with a resolute footing. For long, Reliance Industries has been eyeing to foray into newer avenues and seek better investment opportunities following a remarkable growth in the core industry sector. Through Infotel, Reliance will not fulfill its dreams of embarking in new category but will also be able to generate exceptional brand equity that is a derivative of its name.