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‘Reliance, Walmart eyeing Malayalam film industry’

June 23, 2008 · Filed Under Reliance Entertainment · Comment 

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Another controversy is brewing in the Malayalam film industry with the MACTA Federation on Monday alleging that Reliance, Walmart and Tatas have signed up at least three top actors, including Mamooty and Mohanlal, besides 10 reputed film directors, for their coming films.

This will destroy the industry and the directors, including Priyardarshan, Fasil, Siddiq, Joshi, Lal Jose, who broke away from the Malayalam Cine Technicians Association (MACTA) should withdraw from any agreement they have reached with the companies, Federation Treasurer, Baiju Kottarakara, told reporters here.

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Reliance Life Insurance launches “Super Invest Assure Plan” in market

June 23, 2008 · Filed Under Reliance Insurance · 17 Comments 

Anil Ambani’s Reliance Life Insurance, the fourth largest private insurer in the country has launched the first-of-its-kind Reliance Super InvestAssure Plan (RSIP) in the market.

RSIP is company’s first pure equity unit linked insurance plan (ULIP), which offers guaranteed additional contribution for policyholders, apart from rich investment returns and maturity benefits.

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Anil Ambani betting big on Hollywood

June 23, 2008 · Filed Under Reliance Entertainment · Comment 

Anil Ambani’s Reliance Big Entertainment is betting big on Hollywood. His company is signing none other than Steven Spielberg for producing Hollywood movies for the company.

It is now not a secret. Anil Ambani’s entertainment dreams are not just limited to Indian shores. He is in the process of creating an entertainment behemoth unheard of in the Indian market so far.

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Reliance Infrastructure plans global acquisitions

June 23, 2008 · Filed Under Reliance Infrastructure · 10 Comments 

Reliance Infrastructure, which has chalked out an ambitious plan to invest Rs 28,000 crore in the next three years, is looking at acquisitions in India and abroad, including coal mines in Indonesia.

“For the next three years, the total projects in infrastructure, generation and distribution would entail an investment of Rs 28,000 crore,” Rewe get a good opportunity overseas for acquisition, we will look at it. We have evaluated opportunities in Singapore, Jordan and Bahrain,” he said, without giving details.

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RIL ready to go to court over RCom-MTN issue

June 23, 2008 · Filed Under Reliance Industries · Comment 

The current round of feud among the Ambani brothers is taking a new turn with sources in Reliance Industries Limited (RIL) saying that RIL is ready to go to court over Reliance Communications-MTN merger issue.

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Reliance juggles with 35 varied brands

June 23, 2008 · Filed Under Reliance Industries · Comment 

If you thought managing a handful of brands for a company was a task enough then consider the country’s largest company, Reliance Industries, which lists in its annual report at least 35 brands that it deals with.

While the country’s largest brand marketer, Hindustan Unilever, also deals with 35 disparate consumer brands, the difference is that most of Reliance’s brands, except for a few such as its textiles brand Vimal and Harmony for furnishings, use the Reliance tag. And, most of them are industrial brands.

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India-based company to build its first U.S. plant

June 23, 2008 · Filed Under Reliance Industries · Comment 

Reliance Industries USA, an India-based company, plans to open its first North American plant in Kinston, N.C., and create more than 200 jobs in the area over the next five years.

Reliance said Friday it plans to invest $215 million in a plant where 204 people will eventually be employed. The company makes resin used in the manufacture of plastic containers and specialty polyester yarns.

State Department of Commerce spokesman Charles Winkler said the company could get as much $2.2 million in benefits if it meets all the requirements in its state contract. Those requirements include creating the jobs within five years and maintaining them for nine years, beginning in 2009.

Gov. Michael Easley said the average annual wage will be $46,500, not including benefits. The yearly average wage in Kinston’s Lenoir County is $27,040.


Why India’s Reliance Is Going Hollywood

June 19, 2008 · Filed Under Reliance Entertainment · Comment 

Over the past 18 months, executives from Hollywood studios have been reaching out to their Indian counterparts in Bollywood, Mumbai’s answer to Tinseltown. Studios such as Walt Disney (DIS), Sony Pictures (SNE), and Paramount have signed deals with ambitious Indian entertainment companies eager to take advantage of the booming Indian economy.

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Carry the bank in your mobile

June 19, 2008 · Filed Under Reliance Comm · Comment 

In reply to the question ‘Where is your bank?’, if I answer ‘In my hand.’, I am not exaggerating. With your cellphone, you can now make several banking transactions. “Today, there are more than 300 million cellphone users in India. We expect a huge number of them to become mobile banking service users. So, we are focusing on it,” says M G Sanghvi, general manager, Dena Bank.

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Ambani fued: ADAG may file lawsuit against RIL officials

June 18, 2008 · Filed Under Reliance ADAG · Comment 

The Reliance Anil Dhirubhai Ambani Group (RADAG), which is engaged in consolidation talks with the South African telecom major MTN on Wednesday said it was open to criminal proceedings against some officials of Reliance Industries Ltd (RIL) for what it claimed was fraudulent misuse of powers by them.

The statement was in response to a letter to MTN from Mukesh Ambani-led Reliance Industries Ltd (RIL), claiming the first right to refuse majority stake in Anil Ambani’s Reliance Communications, should they be put up for sale, based on a family pact two years ago.

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