Archive for November, 2011

Reliance Industries to support to Mumbai surveillance project

November 28, 2011

Mukesh Ambani-led Reliance Industries Limited (RIL), in association with Siemens AG, has joined forces along with other leading private sector companies to support an initiative by the Maharashtra state government that aims to secure Mumbai by installing home land security systems, such as video surveillance cameras, command and control centers and data serves across the city. Apart from Reliance Industries –Siemens, the state government has shortlisted six other syndicates for this project, including Wipro-Airtel, Schneider-IBM, Allied Technologies and Cisco, HCL and Revmax Infotech, TCS with its subsidiary CMC Limited and MTNL and Electronics Corporation of India (ECIL) partnering with Divitel and Acosta Electric.

These private sector companies will lend their support in installation of cameras, creating and managing software architecture to monitor and analyze streaming footage at various command centers and setting up data storage servers. Reliance Industries, for instance, will be providing 4G seamless telecom bandwidth along with project management skills to its associate partner Siemens – a company known to offer exemplary security solutions globally. Reliance is well-known to operate the world’s largest integrated security automation system of over 12,000 cameras, advanced sensors, radars and video analytics for its corporate headquarters, branch offices and even retail stores. Also, Reliance Industries subsidiary ‘Reliance Security Solutions’ and Siemens had recently signed a deal to mutually develop astute security solutions for safe, secure and smarter cities and highways in India earlier in September.

Other private companies will leverage their expertise in IT, telecom etc. to offer solutions for developing infrastructure for home land security. This project is estimated to cost Rs. 600 crore and will be completed in the course of next five years.

As the role of surveillance and security assumes greater importance, there is an emerging need to move over to intelligent electronic security solutions. This initiative by Maharashtra state government is likely to serve as a template for other cities to follow. And with support from leading companies of the country, Indian cities can hope to see better surveillance systems in place over the coming years.

Telecom Operators Await Telecom Commission’s Final Say

November 23, 2011

Department of Telecom has accepted recommendations for pricing 2G spectrum by the Telecom Regulatory Authority of India. The internal committee has rejected other proposals and the telecom commission will announce its final decision on November 28th. GSM mobile operators have their fingers crossed till the final decision.

The proposals rejected by the committee include those related to changing the roll out obligation norms, reducing license fee to 6 percent and relaxing mergers and acquisition norms.

The TRAI proposed that 2G spectrum price beyond 6.2 MHz should be Rs 4,571 crore per MHz. The DoT committee has accepted this proposal and the price will be calculated from May 27, 2008 for the remaining period of the license. The panel’s decision will affect incumbent players such as Bharti Airtel and Vodafone, which have up to 10 MHz spectrum in some circle. The panel has also accepted TRAI’s proposal to price spectrum in the 900 MHz band 1.5 times higher.

TRAI proposed that all operators should pay uniform revenue share of 6% as license fee. However, the DoT panel has denied it and has proposed a uniform fee of 8 percent. Currently, operators pay license fee between 6 percent and 10 percent of their annual revenues. Infrastructure providers such as tower companies and Internet service providers do not pay any revenue share to the Government. A uniform rate of 8% will increase the burden on all telecom companies.

Another proposal by TRAI suggests that operators with spectrum in 800/900 MHz band should be kept out of auction for 700 MHz band. Though DoT has accepted the proposal in principle, it will give its final decision after TRAI gives recommendations on spectrum re-farming.

If DoT finally accepts the above mentioned proposal, incumbent operators like Airtel, Vodafone and Reliance Communications will not be able to bid for the 700 MHz band, which is globally used for 4G spectrum. Reliance Infotel, a subsidiary of Reliance Industries Limited and a few new GSM players will be among the bidders for the 700 MHz band.

TRAI suggested that a fund should be set up for spectrum re-farming. However, DoT panel has rejected the proposal by providing argument that re-farming costs can be met from the consolidated fund of India.

Roll out obligation should be based on habitation and not geography, proposed TRAI. DoT panel said that it is not possible to change the norms now because most of the operators have already completed roll-out obligation. Also, there are limitations in measuring habitation due to undefined boundaries in villages.

The final decision by the telecom commission is eagerly awaited by telecom operators. The proposed tightened norms will certainly affect the incumbent players in the telecom industry.

RIL-BP to Kick Start Sourcing and Marketing Of Natural Gas

November 22, 2011

India Gas Solution, a 50:50 joint venture between Mukesh Ambani-led Reliance Industries Limited (RIL) and London based energy company BP Plc, has set rolling its plans to source and market natural gas in India. As a part of this objective, the joint venture partners are eyeing plans to set up three Liquefied Natural Gas (LNG) terminals in the eastern and western sea board of India.

Reliance Industries and BP signed a long-term deal as a part of which BP will stake 30 per cent share in 21 of 23 oil and gas production sharing contracts (PSC) that RIL operates in India, including its much acclaimed KG – D6 block off the east coast of Andhra Pradesh. Also a part of this deal is the 50:50 joint ventures between the two energy giants for global sourcing and distribution of gas in India. The joint venture company will also look to develop infrastructure to accelerate transportation and marketing of natural gas within the country.

In the first phase of developing sourcing and marketing channels, RIL and BP plan toset up at three LNG terminals, each one with a capacity of at least 5 million tonne per annum. Presently, India Gas Sourcing venture is conducting feasibility studies to set up two LNG terminals on the eastern sea coast and one on the western sea coast. Since western sea coast is already swamped with many similar outposts, the joint venture company will focus largely on establishing terminals on eastern sea board. However, a concrete plan is yet to be materialized and presented to the government for approval regarding the location and number of terminals for establishment. Locations like Dhamra, Mangalore, Kakinada and Paradip are top on the preference list for development; however a final call on locations will depend on the availability of infrastructure for distribution and locations that are ideal for BP to source gas to India.

Industry estimates suggest that natural gas demand is set to rise to around 410 mmscmd by 2019-20 as compared to actual consumption of around 177 mmscmd in 2010-11. With increasing demand for more natural gas, additional LNG terminals will be sought to fulfill the surging demand.

Reliance Digital: 50 stores and still counting

November 16, 2011

Reliance Digital, a multi-brand electronics retail subsidiary of Reliance Retail Limited, part of Mukesh Ambani led Reliance Industries Limited (RIL) group, has a reason to rejoice as the electronics retail chain reached a store count of 50 this year. And to earmark this accomplishment, Reliance Digital hosted a grand celebration to commemorate the feat with its people and leaders in consumer electronics segment.

Reliance Digital CEO Mr. Brian Bade hosted the celebrations at Grand Sangam Ballroom of J.W. Marriot hotel, Mumbai and graciously welcomed Reliance Digital associates and CEOs of leading consumer electronics majors to the success party. Conveying his delight in having been able to achieve this mark of success for the company, Reliance Digital CEO expressed his hopes of continuing the same in years to come as Reliance Digital aspires to mature further and become one of India’s finest electronics retail chain. The party continued with fun interactions and exchange of encouraging words as guest dined and enjoyed their gracious hosts for the evening.

As Reliance Digital celebrates having reached a milestone in its journey so far, there is a lot of aspiration and anticipation of taking this success to the next level. Today, Reliance Digital stands as one of India’s leading and most popular electronics retail chain. The “value-purpose” the brand extends is unmatched by any other and, credited to its association with the Reliance namesake; there is a lot of trust and admiration associated with the establishment. Reliance Digital stores are magnanimous in form, offer an expensive range of electronics products to choose from and also offer end-to-end support services to augment a purchase. Add to it a pinch of value-for-money concept, and that almost sums up Reliance Digital’s continual goal. The legacy of Reliance Digital, one that borders on ‘being the retail establishment that offers the best electronics products and services, at the best prices to every consumer’ is a difficult one to sustain, but over the six years since its founding, Reliance Digital has come a long way in imbibing this quality rather innately.

Reliance Digital’s Special Discounts on Latest Electronic Products

November 11, 2011

If you want to shop for the latest fashion trends, the most ideal location is Paris. Likewise, if you want to purchase the latest electronic goods, you ought to visit the nearest Reliance Digital store. Reliance Digital, the one stop shop for latest electronic products warmly welcomes the new season with amazing and attractive offers. With the advent of winter, many are already set to welcome the New Years Eve. This season, Reliance Digital will add delight to your winter and New Year shopping through its ‘easy on the pocket’ offers.
To start with, Reliance Digital offers easy EMIs, with 0% interest on most of the electronic gadgets. It has special ongoing discounts on LED, LCD and Plasma TVs. You can not only purchase the latest LCD or LED TVs at reasonably lower prices than the MRP, but also take home free goodies. It offers Airtel Full HD DTH Connection absolutely free with the purchase of Sony 32 LED TV. The freebie on purchasing Samsung 40 LCD TV is Samsung 5.1 Channel DVD Player, worth Rs 2,900.
There are special discounts and attractive freebies on the purchase of home theatres too. The freebies include Vodafone Mobile, Transcend 8GB USB Pen Drive, Reebok Shoes worth Rs 3,599, 4GB MP3 Walkman, etc. On purchasing LG and Samsung side by side refrigerators, you get PSP worth Rs 7,990 is totally free. You can capture all the precious moments with the much desired Canon Digital SLR Camera, available under the easy installments scheme. 4 GB SD card and a carry case are granted free along with the high end SLR camera.
Reliance Digital also offers discounts on the range of cutting edge technological products. The slim and light weight Samsung Galaxy Tab P750 is available for a price almost Rs 2000 lower than the MRP. Lenovo laptop is equipped with a free IT accessories kit worth Rs 2,999. Motorola Fire, a recently launched Android phone offers 3G plan worth Rs 2,100 and Bluetooth worth Rs 1,299 totally free with the handset.
You can check more details about the ongoing offers on the Reliance Digital Website. It offers the widest range of latest electronic products, with lowest price guarantee. It has a special ResQ team comprised of technical experts, to aid all problems related to electronics.
Reliance Digital completely justifies its slogan ‘We bring technology to life for you’ and is indeed India’s fastest growing electronics retail chain.

Reliance Digital completely justifies its slogan ‘We bring technology to life for you’ and is indeed India’s fastest growing electronics retail chain. The numerous discount offers available at Reliance Digital are applicable to the entire range of over 4000 electronic products

RIL Paves Way forKenneth Cole to Enter Indian Market

November 3, 2011

Reliance Brands, a subsidiary of Reliance Industries Limited have signed an agreement with NYSE-listed American Fashion retailer Kenneth Cole for retail and wholesale distribution in major Indian metros. The licensing agreement includes the launch of over 20 exclusive Kenneth Cole stores in the next 5 years.

The store launches will introduce clothing, footwear and accessories for men and women. The products will be sold under the brand labels Kenneth Cole New York and Kenneth Cole Reaction. The pricing for apparel will start from Rs 1,700 and footwear from Rs 3,500. The target audience belongs to the age group of 25 to 40 years.

Mr. Darshan Mehta, President and CEO of Reliance Brands Ltd. said,” We’re very excited to join hands with Kenneth Cole Productions, a brand that not only represents an iconic all-American fashion house but also enjoys a world-wide fan following.”He added that the brand portrays chic and urban lifestyle, which completely suits the needs of Indian consumers.

The CEO of Kenneth Cole Productions Inc., Paul Blum said,” India promises substantial growth potential for our brand, the country’s economy is growing quickly and development is strong which is why Kenneth and I want to create a presence in India now. Our global expansion is directly linked to an increased demand for our product internationally, and we are excited to introduce our brand to the market with a strong partner like Reliance.”

India is emerging as the fashion capital of the world, with an increasing demand for Western styles and trends. It has a high demand for the best quality apparel, footwear and accessories. The metropolitan lifestyle yearns for fashionable products and introduction of a leading international brand like Kenneth Cole will certainly quench the needs of the fashion market.

Reliance Brands Ltd., established in 2007 plans to expand its number of stores to 75 by end of 2012. It has tie-ups with several other leading international brands, which include Paul and Shark, ErmengildoZegna and Diesel. It’s portfolio of international brands also includes licensing agreements with Timberland, Steve Madden, Quicksilver and Roxy. Reliance is paving way for seventh international fashion brand by tying up with Kenneth Cole.

EIH to Nominate Nita Ambani as Board Member

November 1, 2011

EIH Limited, a member of The Oberoi Group, has sent a special invite to Nita Ambani to attend its board meeting. Sources have revealed that Nita Ambani would be nominated as the board member. The role will be of a non-executive nature.

Reliance Industries Limited holds 14% stake in EIH Limited, which runs the Oberoi and Trident chains. Nita Ambani is closely associated with Mukesh Ambani owned RIL’s increased focus on services to the nation. Reliance accounts for more than 50% of India’s Gross Domestic Product (GDP).

The EIH board has 8 directors, including the chairman PRS Oberoi, his son Vikram and nephew Arjun. The inclusion of Mrs. Ambani on the board is a step towards fostering and cementing Oberoi family’s relationship with the Ambani family, according to analysts. Himani Singh, a senior analyst at Mumbai-based brokerage firm Elara Capital said,” Giving a board seat to RIL will not make much of an operational difference to the company since it enters as a strategic investor”.

Nita Ambani’s public role has increased manifold over the last couple of years. She entered the public life when she set up the Dhirubhai Ambani InternationalSchool in 2003. However, it is said that she has helped in designing the township at Jamnagar, where RIL has built the world’s largest refinery.

RIL officials say that Mrs. Ambani supervised the execution of projects involving setting up schools, parks and shopping complexes which cater to over 2,500 families. Business historian Gita Piramal added, “She has had enormous experience in creating big projects. It is coming out in the public realm now. She was involved in RIL’s Jamnagar Township. She had put a lot of soul in the project. She has an eye for detail and this would help her in the hospitality business”.

Recently, Nita Ambani joined RIL’s foray into sports, as a board member of RIL’s joint venture with IMG. She manages the American Sports Major’s Indian arm and aims at building an academy to train coaches and athletes.

Nita Ambani has proved her managerial skills as the co-owner of Mumbai Indians. After a poor performance in the 1st and 2ndIPL, her team emerged as the runner-up in the 2010 IPL.The Mumbai Indians recently played victoriously and bagged the CLT20 championship 2011.

RIL’s last general meeting announced that Reliance Foundation would set up a private university. It is said that the private university will be run by Mrs. Ambani. Nita Ambani certainly plans to make more contributions to her public life.