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AdLabs to demerge it radio business into Reliance Unicom Ltd

October 31, 2008 · Filed Under Reliance Entertainment · Comment 

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anil-big-adlabsAnil Dhirubhai Ambani Group promoted Adlabs Films Ltd on Friday said the company has approved a scheme of arrangement envisaging de-merger of its radio business into Reliance Unicom Ltd.

The face value of equity share of Reliance Unicom Ltd, which shall be issued pursuant to the scheme to the shareholders of Adlabs Films Ltd in consideration for the proposed demerger, was inadvertently mentioned as ‘Rs 10′ each instead of ‘Rs 5′ each, due to a typographical error, it said in a filing with the Bombay Stock Exchange.
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BIGFlix.com ties with BookMyShow.com to offer free trail on movie rentals

October 30, 2008 · Filed Under Reliance Entertainment · Comment 


BIGFlix.com, a part of Reliance BIG Entertainment Ltd, Anil Dhirubhai Ambani Group company, and India’s largest online and offline movie rental service joins hands with BookMyShow.com, India’s premier Entertainment ticketing website, to offer movie rental services at your doorstep. The alliance will offer all bookmyshow.com users a free BIGFlix.com membership. The membership will be for a period 14 days, and will be able to rent and watch unlimited movies of his choice delivered/picked-up free at his home.
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Sudip Bandyopadhyay, CEO of Reliance Money, on Wall Street Finance Board

October 30, 2008 · Filed Under Reliance Money · 8 Comments 

Tag: insurance,mutual fund,mutual funds,reliance capital,reliance finance,reliance money,reliance mutual,reliance mutual fund,reliance mutual funds,general insurance,reliance capital,reliance mutual fund,reliancelifeinsurance.

sudip bandyopadhyay ceo reliance moneyWall Street Finance has inducted Sudip Bandyopadhyay, Director and CEO of Reliance Money, S P Talwar, Retired Deputy Governor of the Reserve Bank of India and Rajnikant Patel, Ex-Executive Director and CEO of Bombay Stock Exchange on its board as directors.

Reliance Money Express (RME), an Anil Dhirubhai Ambani Group company, has gained control of Wall Street Finance last week.

Wall Street Finance on also reported over two-fold jump in net profit at Rs 24.67 lakh for the quarter ended September 30. The company had a net profit of Rs 9.73 lakhs in the same period a year ago, the foreign exchange and money remittance services provider said in a statement.
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Big TV joins hands with LG Electronics to offer DTH service

October 30, 2008 · Filed Under Reliance Comm · Comment 


reliance-bigtv logoLG Logo

Big TV, direct-to-home arm of Reliance Communications (Anil Dhirubhai Ambani Group company) on Thursday joined hands with LG Electronics offering its DTH service to LG TV buyers at Rs 700 for three months.

Under the tie up all those who purchase LG 29 inch TV buyers a three month DTH subscription for Rs 700 without paying any installation charges, the company said in a statement.
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Reliance Capital to foray in housing, consumer finance

October 29, 2008 · Filed Under Reliance Capital · Comment 


As per ET report Reliance Capital, Anil Dhirubhai Ambani Group company, is awaiting approval from the National Housing Bank and Reserve Bank of India for its housing finance and consumer finance business. Once the approvals are in place the company will farm out its housing finance and consumer portfolio into the respective home finance and consumer finance company.
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Anil Ambani: Light Reading person of the year

October 26, 2008 · Filed Under Reliance Comm · Comment 


As per the press release from Reliance Communications, Anil Dhirubhai Ambani Group company, Light Reading has determined the finalists for the fifth annual Leading Lights Awards, which recognize top companies and their executives for outstanding achievements in next-gen communications. Person of the Year: Awarded to the individual that our editorial staff, with the help of reader votes and nominations, selected as having had the most remarkable impact on the business of next-generation communications during the past 12 months.
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Reliance Commnunications ties with Healthcare Magic to launch India’s first ‘doctor-on-call’ service

October 26, 2008 · Filed Under Reliance Comm · 2 Comments 


Reliance Commnunications, Anil Dhirubhai Ambani Group company, has tied-up with Bangalore-based online medical consultancy Healthcare Magic to launch India’s first ‘doctor-on-call’ service for providing medical consultation and referrals.

The service will provide live consultation with doctors across the country. This tele-medicine initiative is expected to be launched by December.
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Reliance Retail Opens Reliance Mart at Ghatlodia, Gujarat

October 25, 2008 · Filed Under Reliance Retail · 1 Comment 


Reliance Retail Ltd, which recently shrunk the size of its first Reliance Mart launched here in 2006, on Friday opened its third mart in Gujarat.

The earlier marts were launched in Ahmedabad and subsequently in Jamnagar. The third mart in Gujarat is spread over 41,600 sq ft in the Ghatlodia area.
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Mukesh loses $43 billion, Anil $40 billion between Jan - Oct 2008

October 25, 2008 · Filed Under Ambani Family · Comment 


As per Economic Times analysis of promoter wealth loss between January 8 and October 24, 2008, shows that the two Ambani brothers bore the brunt of the stock market mayhem, witnessing the highest wealth erosion among promoters of the top business houses in the country.

Though still dominating the market cap ranking, RIL chairman Mukesh Ambani saw his personal wealth crash from $ 57.6 billion as on January 8 to $14.4 billion as on Friday, a fall of 75% since January 8.
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India Post ties up with Reliance Money to sell gold coins at post office

October 25, 2008 · Filed Under Reliance Money · Comment 


India Post has tied up with Reliance Money and World Gold Council to sell gold coins through its post office network across the country.

The pilot project has been launched on Wednesday and it will make gold coins available across 100 post offices in four states — Delhi, Maharashtra, Tamil Nadu and Gujarat. However going forward it would be available for sale at all the 155,000 post offices across the country.
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