Government likely to interfere in RIL-RNRL gas supply dispute

The government is likely to intervene in the Reliance Industries-Reliance Natural Resources dispute if the Mukesh Ambani-controlled RIL moves the Supreme Court against the Mumbai high court ruling. The government’s stand will depend on the details of RIL’s appeal in the court, according to a report by Moneycontrol.

The government may also reconstitute the empowered group of ministers, depending on the petroleum and fertiliser ministries’ inputs, the report quoted unnamed sources as saying.
Continue reading Government likely to interfere in RIL-RNRL gas supply dispute

Reliance Jewelery collection certified by IGI

Reliance Retail had entered the retail jewelry business last year and has been accepted well in the country. Reliance Group of companies ventured into the retail business to capture the large jewelry retail segment.

Reliance now plans to come up with a new collection for their retail chain. The company believes, by certifying the jewelry it could build brand loyalty among Reliance customers.

The collection is trendy, delicate and caters to the masses and is cost effective. The certification by IGI will help the customers to invest their faith in the collection.
Continue reading Reliance Jewelery collection certified by IGI

Reliance Big TV to divest 20 % stake to private equity firms

Reliance Big TV Ltd, the promoter of Big TV direct-to-home (DTH) services of Anil Ambanis Reliance Communications, is in final talks with private equity (PE) firms – Carlyle Group and Providence Equity – to sell a minority stake and raise capital.

Deutsche Bank has the mandate to facilitate the deal for the DTH service provider, according to sources, who add that Big TV is looking to divest about 20 per cent stake in tranches, of which 10 per cent will be sold now for around $ 50-60 million.
Continue reading Reliance Big TV to divest 20 % stake to private equity firms

Reliance BIG TV in a strategic tie-up with Oxigen, single point recharge service

Reliance BIG TV has entered into a strategic tie up with Oxigen India’s first and single point recharge service. According to this tie up Reliance BIG TV will offer its customers the entire portfolio of Oxigen’s easy recharge option.

Reliance BIG TV’s portfolio of easy recharge options include Oxigen, Online Payment using Credit/Debit Cards or Internet Banking, Interactive Voice Response (IVR), Mobile Mode Payment (SMS) or just calling the toll free number 1800-200-9002. This strategic tie-up by Reliance BIG TV is a part of its customer service motto to offer convenient and user-friendly customer service experience.
Continue reading Reliance BIG TV in a strategic tie-up with Oxigen, single point recharge service

Reliance Industries says cannot sign gas supply deal with RNRL

Reliance Industries Ltd said on Tuesday it could not sign a gas supply agreement with former group firm Reliance Natural Resources Ltd as there was no clarity on government approval for the terms.

Reliance Industries, India’s top listed firm and headed by billionaire Mukesh Ambani, said in a court case concerning the agreement that it wanted the terms such as price, quantity and tenure to be subject to government approval.
Continue reading Reliance Industries says cannot sign gas supply deal with RNRL