Archive for December, 2011

Reliance family unveils Dhirubhai Ambani memorial on his birth anniversary

December 29, 2011

December 28th is an important date for Reliance as it is for India Inc. It marks the birth of one of India’s greatest business leaders, visionaries, opportunist and an entrepreneur – Dhirubhai Hirachand Ambani. In fact, this data is very lucky for India from an economic point-of-view as 2 of the country’s greatest industry leaders were born on this day. Dhirubhai shares his birthday with Ratan Tata, out-going chairman of the Tata group. Ambani was born on December 28, 1932 in this sleepy town near the southwest coast of Gujarat’s Kathiawar peninsula. Today, on his 80th birth anniversary, the Ambani family came together to unveil a memorial at his hometown Chorwad in Gujarat to mark the life and journey of its patriarch and one of India’s most idolized business leaders. The celebrations in Chorwad were marked by the congregation of the entire Ambani family, who came together in much fan fare to celebrate and commemorate the life of Dhirubhai Ambani.

Nearly 150 people associated with the family and Reliance, were present at the inaugural ceremony for the memorial. The memorial is instituted in the house where Dhirubhai Ambani grew up during his early years before moving to Aden in Yemen to work at an oil company. It houses a photo gallery with archive photographs of the Ambani family and Dhirubhai Ambani’s life journey. The original structure of the house has been kept the same while some portion is being converted into a museum of sorts. This memorial with the museum will be thrown open to the public within the next few weeks.

Dhirubhai Ambani -the founder of Reliance – pioneered India’s biggest and most renowned private sector company for nearly four decades. From what could be seen as a modest start as a small time trader to instituting one of the most revered companies in the Indian business quarter, Dhirubhai’s life journey is that of determination, hard work and succeeding against all odds. His aspirations were prophetic and endeavors far-reaching. He is credited with having rolled out a business template that companies today follow in an effort to soar towards the skies. This profit model has been conceived by the man behind Reliance himself. His contribution in wealth creation for the country has been enormous Dhirubhai’s legacy is one which far outreaches the boundaries of this country, one which continues to linger in every aspect of Reliance industries and its people.

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RIL and Major Indian Oil Refiners Boost Nation’s Oil Processing

December 24, 2011

Oil refiners in India have increased nation’s crude processing output in November, for the tenth month this year. The rally in boosting oil refining in India was led by Mukesh Ambani owned Reliance Industries Limited (RIL) and Bharat Petroleum Corp. (BPCL).

A statement from the Oil Ministry stated that refiners have converted 14.4 million metric tons of crude into fuels. This output is 11 percent higher than the previous year. Oil Ministry also stated that Reliance Industries Limited has not revealed any information about its new refinery which estimates to give an output of 29 million tons a year.

Reliance Industries Limited, operator of the world’s biggest refining complex at Jamnagar managed the oil processing, leading to an increase by 40 percent to 2.9 million tons. Bharat Petroleum Corp., managed by the state contributed to an increase in output by 20 percent, to 2 million tons. Essar Oil Limited (ESOIL), RIL’s non-state rival has increased production by 1.3 percent.

Indian Oil Corp. (IOCL), India’s largest refiner has contributed 4.7 million tons which marks an increase by 6.1 percent. It’s refining plant at Panipat in the northern state of Haryana increased production by 20 percent. Hindustan Petroleum Corp. (HPCL), a Fortune 500 Company based in Mumbai raised processing output by 2.8 percent to 1.4 million tons.

Oil exploration and production are vital for India’s economic growth. If Indian refineries continue their exorbitant outputs, amount spent on crude oil imports will certainly decrease, affecting the nation’s economy positively. There is always an increasing demand for energy consumption. If Reliance Industries Limited and BPCL continue to lead such ventures, we can expect even better results in the upcoming years.

Reliance strikes 4 deals for selling gasoil in 2012

December 16, 2011

Index heavyweight and India’s largest private sector oil and gas company Reliance Industries Limited (RIL) has concluded at least 4 term contract deals for 2012 in exporting gasoil. Reliance is keeping a close eye on many more prospective buyers say sources with direct knowledge of the matter.

The gasoil that is used as fuel in many sectors of the industry is being sold at a premium of $3.00 to $3.10 per barrel to the Middle Eastern markets for the 500ppm sulphur gasoil variety and in the price range of $4.00 to $4.50 per barrel for the 10ppm category of the fuel.

The exact details of the contract and the quantity have not been disclosed sources said. Traders have said that the quotes for the 500ppm variety are 40% higher than the usual market premium of $2.10 per barrel owing to the current volatile situation of the currency exchange market and various other market conditions. The details of the 10ppm gasoil are known as of yet.

Sources say that the term premiums charged by RIL as in tune with the market prices of that currently prevalent in the Middle East.

Market experts say that the term premiums for the next year are usually higher than that of the current with calculated predictions that the market demand will improve from African and Middle Eastern markets.

The term contracts are a decent indicator of the growth and stability of a company for the coming period say Singapore traders.

The finalizing of contracts come just a day after Reliance Industries regained the numero uno position on the stock market indices indicating improvement of the market conditions in India against the backdrop of the bearish market in the Eurozone regions citing the debt-crisis. Markets experts say that these term levels are up to expectation keeping in mind the potential growth of the region and could improve even further.

Reliance Digital Hosts Attractive Offers On Televisions

December 7, 2011

Reliance Digital, the one stop shop for electronic products gives umpteen reasons to enhance shopping experience for customers. Reliance Digital Stores is hosting numerous offers on televisions to add value to your money. It is offering a number of attractive freebies on the purchase of televisions. Let us take a look at some special offers at Reliance Digital.
Samsung’s 46 3D Smart LED TV 46D6600 is available for Rs.15,000 lower than the MRP at Reliance Digital. Along with the discounted rate, you also get Samsung Soundbar with wireless subwoofer and two 3D glasses worth Rs.32,700 absolutely free. On every purchase of 32 LED TV, you get Philips Bluray Player worth Rs. 7990 at Rs. 2990 only and with 32 LCD TV, you get Samsung DVD player with USB, worth Rs. 2900 totally free. You can get Onkya Home Theater System for less than half its price on the purchase of 40 LED TV and above.
Sony 40 LED TV, which features Bravia Internet Video, Skype Ready, 4 HDMI, etc can be purchased at Rs. 64,900 as opposed to its MRP of Rs.68,900. LG 32 LCD TV with intelligent sensor and smart energy saving is available for Rs. 25,690 (MRP: Rs.28,990).
Reliance Digital has amazing offers on its own brand of electronics ‘Reconnect’ as well. You can take home Reconnect’s 42 LED TV at a down payment of Rs. 11,097 and pay the remaining amount in 7 EMIs of Rs. 3,414 each. You can also avail the Philips Bluray Player offer along with this discount. Reconnect’s 32 LED TV is available for Rs. 21,990. Along with Reconnect’s 32 LED TV, Philips 5.1 Channel Multimedia Speakers and 5.1 Channel DVD Player with USB can be purchased at a discount of more than Rs.5000.
For more details about the numerous offers on Televisions at Reliance Digital, you can check the Reliance Digital Website. If you wish to express your concern, feedback or have any questions regarding the offers, you can fill the Reliance Digital Feedback form available on their website.
Special discounts and offers are not the only reason to choose Reliance Digital. Firstly, it has the widest and the latest range of electronics products with the lowest price guarantee. It has special experience zones which enables customers to test and check the quality of the products before paying for them. There are 0% finance schemes available to keep your pockets happy. The best factor about Reliance Digital is that it provides 365 days service for extended hours. So, you ought to check the offers at Reliance Digital for all your electronics shopping.

Reliance Digital comes up with Special Season offers on Televisions for Christmas. All the Offers are available at all Reliance Digital Stores across the country.

Reliance Digital-Jaipur to welcome the cast of Ladies v/s Ricky Bahl

December 5, 2011

The cast of ‘Ladies v/s Ricky Bahl’ will be visiting the vibrant city for Jaipur to promote their upcoming film, slated for release on 9th of December. A press meet is being held with the cast members on 5th December at 6 p.m. at Reliance Digital store- the multi-brand electronics retail store- located on Sardar Patel Marg, Jaipur.

Ladies v/s Ricky Bahl is a romantic comedy directed by Aditya Chopra and produced by Yash Raj Films. The lead pair – Ranveer Singh and Anushka Sharma – will be seen together for the second time after their successful pair-up in the 2010 block buster ‘Band Baaja Baraat’. The story is that of con artist Ricky Bahl (Ranveer Singh) who, after duping three women, faces to meet his match in a certain Ishika Desai (Anushka Sharma).

Reliance Digital – India’s leading electronics retail chain – is a popular hot spot for film promotion events across the country. Given the store’s spacious setting and popularity, Reliance Digital has become the much preferred destination for audience interaction and promotional activities for films slated for release.

About Reliance Digital: Reliance Digital is a multi-brand electronics retail format from the house of Reliance Industries Limited (RIL). It is a modern electronics store that offers every major electronic item under one roof. Carrying a wide assortment of products from high-end LED and LCD TVs, microwave ovens, refrigerators, washing machines, mobile phones, laptops, gaming consoles and software, home appliances, mp3 players to even the smallest of IT based devices, Reliance Digital is a one-stop shop for all things electronic. Spread across 17 cities, Reliance Digital is one of the most popular electronics retail destinations in the country for offering the best in technology at the best possible prices.