Archive for June, 2012

‘Teri Meri Kahaani’ Stars to Visit Reliance Digital Stores

June 18, 2012

The stars of the upcoming Bollywood movie ‘Teri Meri Kahaani,’ Shahid Kapoor and Priyanka Chopra will drop by Reliance Digital Stores for the promotion of this film. They are set to visit the Brigade Orion Mall on Rajkumar Road in Bengaluru at 4pm on 16 June 2012. This leading pair will also delight their Mumbai fans by visiting the Reliance Digital Store at Lokhandwala on 19 June 2012.

Teri Meri Kahaani is a romantic drama featuring three different time- periods, i.e. 1910, 1960 and 2012. The first story has its backdrop in Lahore portraying Aradhana and a Pakistani poet, Javed, falling in love with each other. The second saga revolves around the romantic story of famous actor and a struggling music director. In 2012, the couple as Radha and Krish, in England, falls in love with each other. Directed by Kunal Kohli, this movie will reunite Shahid Kapoor and Priyanka Chopra for the second time after ‘Kaminey,’ that won them critical acclaim.

The film is slated to release on 22nd June, 2012. The sizzling chemistry between the leading stars has left their fans waiting anxiously, to catch this movie. They also boarded a local train to promote the movie, few days back.

Reliance Digital has been the most popular destination for movie stars and celebrities to promote their movie. Spread across the country, these stores have a rich display of consumer durable and electronics products of varied brands, both national and international, at their store.

About Reliance Digital

Reliance Digital is the consumer durables and information technology concept from Reliance Retail. Reliance Digital seeks to fulfill the dream of every Indian, be it through its nationwide network of conveniently located stores or through its presence on the web, by providing a delightful shopping experience of products & solutions and helping them bring home the latest & best in technology from the widest selection at the lowest assured price with complete peace of mind through lifelong support. With over 150 international and national brands and over 4000 products at amazing prices, Reliance Digital has the largest display of models to help you find the right solution that fits your lifestyle. The range at Reliance Digital spans, Audio and Video products (TV’s, DVD players, Car Audio players), Electronic Musical Instruments and Digital Cameras, Gaming Consoles and Games, Computers and Peripherals, Mobile and Fixed line instruments, Durables like, Air Conditioners, Refrigerators, Water Purifiers, Kitchen
and Home Appliances.

At Reliance Digital, you get to touch, try and feel every product before you make your decision. The specially designed Experience Zones (for high-end entertainment systems like home theatres, televisions, home and car music systems) simulate exact conditions to familiarize you with your product. The trained staff will be only too happy to understand and advise on the optimum choice of products meeting your needs. What more, Reliance Digital is backed by Reliance ResQ, the service arm that is available for support all 7 days and fully geared to provide end to end solutions. For more information, log on to http://www.reliancedigital.in

About Reliance Retail Limited:

Reliance Retail Limited (RRL), a subsidiary of Reliance Industries Limited opened its first retail store in November 2006 and today operates more than 1,000 stores in over 86 cities, spanning 14 states and serving over 2.5 million customers every week. RRL is a multi-format retailer that operates

“Reliance Market – a concept for local traders and small businesses

” Reliance Fresh – a neighbourhood store concept

” Reliance Super- a super mart concept

” Reliance Mart – a hyper market concept

” Delight – a non-vegetarian offering

” Reliance Digital – a consumer durables and information technology concept

” iStore by Reliance Digital- an Apple specialty store concept

” Reliance Trends – an apparel specialty concept

” Reliance Footprint -a footwear concept

” Reliance Jewels – a jewellery concept

” Reliance Time-Out- a books, music & entertainment concept

” Reliance Living – a Furniture, Furnishing, Homeware and Home kitchen concept

” Reliance AutoZone – an automotive specialty concept

About Reliance Industries Limited:

Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of ` 2, 58,651 crore (US$ 58.0 billion), cash profit of ` 34,530 crore (US$ 7.7 billion), net profit of ` 20,286 crore (US$ 4.5 billion) and net worth of ` 1, 51,540 crore (US$ 34.0 billion) as of March 31, 2011.

RIL is the first private sector company from India to feature in the Fortune Global 500 list of ‘World’s Largest Corporations’ and ranks 100th in terms of profits. RIL ranks 68th in the Financial Times ‘FT Global 500’ list of the world’s largest companies. RIL is ranked amongst the ‘50 Most Innovative Companies – 2010′ in the World in a survey conducted by the US financial publication – Business Week in collaboration with the Boston Consulting Group (BCG). In 2010, BCG also ranked RIL as the second highest ‘Sustainable Value Creators’ for creating the most shareholder value over the decade in the world.

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RTG Leading to Qualitative Leaps in the Arena of Technological Transformation

June 8, 2012

To climb up to the ladder of success, innovation is the key. Every front-runnercompany prioritizes R& D to up the ante and explore new avenues for its business. Reliance Industries Limited also believes in breaking new ground in every sphere that it enters. Right from its backward integration initiatives,it has always emphasized innovation backed by R&D.

Reliance Technology Group (RTG) is RIL(Reliance Industries Limited)’s own research group that acts as a catalyst to its bolstering growth. The emphasis that it laid on extensive research has been a major reason for it facilitatingrural transformation. RTG aims to leverage the R&D activities across the organization by integrating them under one umbrella.

It focuses on discovering and tapping new technology that can strengthen its present business and enable it to extend to new businesses. With the objective of intensifying its present initiatives, RIL has set the balls rolling for creating a high-class R& T centerin Mumbai with a great infrastructure and environment that will stimulate great minds to churn out ideas.

The four major spheres that RTG encompasses include R&D, advanced technical services, supporting capital projects and building capability. RTG has enabled the refining sector to spreadout to thermal cracking and hydro processing and augment their present activity that caters to fluid catalytic cracking, processing crude and provision of advanced technical support via computational fluid dynamicsand other similar tools.

RTG corroborated its petroleum sector byfocusing on effective asset utilization, formulating new special products of different materials, developing new means of technology or additives that may facilitate cost effectiveness, working on value addition to by- product streams and cracking new ideas to enhance the efficacy of the oil business. Itintended to render advanced technology assistance to olefincrackers, polymers, fiberintermediaries, linear alkyl benzene, and polyester.

Mukesh Ambani, Chairman and Managing Director of RIL; always believes in investing in innovative ideas and has endeavoredto encourage them. Highly skilled engineers and scientists lead this group.

The prime objective of RTGis to create value for businesses at the most affordable prices by scaling down the costs incurred in production. It intends to integrate technology across all businesses to leverage the activities. With the help of a proficient team, it intends to optimize technology in a way that it spins out great results.

With necessary assistance from ‘Reliance Innovation Council’ (RIC), it has been successful in getting hold of new ideas and the acumen required to support high-end technology activities.

CCI Green Signals RIL’s stake in Network 18 Group

June 4, 2012

The Competition Commission of India (CCI) has approved Mukesh Ambani-led Reliance Industries Limited’s (RIL’s) stake purchase in media monoliths Network 18 and TV 18 broadcast Ltd., citing that the deal ‘is not likely to have an appreciable have adverse effect on competition in India’.

In January this year, RIL joined hands with Network 18 group, agreeing to sell a part of its interest in Eanadu Group of channels, run by Hyderabad based media entrepreneur RamojiRao. RIL, through an independent trust, also agreed to fund the promoters of Network 18 group for rights issue of two of its listed businesses – Network18 Media and Investments, which runs a web portal called ‘moneycontrol.com’, and TV18 Broadcast Ltd., which operates a number of business and general news channels, including CNBC TV18 and CNN-IBN.It is estimated that Network 18 and TV18 would raaise about Rs. 4,000 crore,which includesRs. 1,700 crore as contributions from the promoters.In due course of the deal, the media group hopes to use RIL’s investment to cut down debt and eventually buy out RIL’s 49% stake in Eenadu, a pan-India vernacular languages channel, in which RIL has invested close to Rs.2600 crore.

RIL is expected to hold close to 30% stake in the promoter group after necessary transactions are completed while Network 18’s RaghavBahl will continue to hold 51% stake and voting rights in the group. Also RIL, which is gearing up to roll out its 4G broadband services soon, will get preferential access to the group’s content for distribution through the 4G broadband network being set up by the new telecom entrant, thereby assigning a fair amount of competitive thrust to Reliance’s telecom aspirations.

Reliance Industries, through its newly-created vehicle Independent Media Trust, has been allocating funds through optionally convertible debentures into Network18 Media and Investments Ltd (NMIL), the group’s holding company, and TV18 Broadcast Ltd. The CCI – a body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and preventing activities that have an adverse effect on competition in India, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India – suggested that the proposed combination of deal is viable and poses no apparent threat to the competition in the country. CCI noted that the business of TV channels features a strong supply of broadcasters for various genres, targeting national and regional audience/viewership. It said, “it is apparent that new television channels can be started with ease in India with sufficient scope for innovation and competition, both in terms of technology and content”, thus advocating a positive opinion about the deal between RIL and Network 18 as wholesome one.