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Reliance Mobile Unveils plan STV 18, Local Call At 25 Paisa

August 27, 2009 · Filed Under Reliance Mobile · Comment 

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It seems Reliance Mobile (Smart GSM) Kolkata has finally accepted competition: today Reliance Mobile introduced a pocket friendly Special Tariff Recharge of Rs.18 to lower local calls to Reliance mobile network for one year.

The new ‘STV 18′ which comes at Rs.18 is valid for its prepaid subscribers with a one year tariff validity and offers local calls at 25 paisa /min to all Reliance GSM Mobile phones.

The charges for all local call to other network are 50 paisa/min, and Rs 1.20/min for STD. SMS will be charged as Re.1 for local and Rs.1.50 for national messages sent.
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BIG TV to premiere Pink Floyd’s PULSE on PPV service

August 27, 2009 · Filed Under Reliance Big TV · Comment 

Reliance BIG TV announces the premiere of British Rock legend Pink Floyd’s Pulse on its pay-per-view service. The company has signed a 4 week content agreement with Sony Music to showcase Floyd’s Pulse on its PPV service. The concert will be on Reliance BIG TV from August 28th 2009 onwards. Those wishing to view this concert can view it on Reliance BIG TV’s PPV service for Rs 50.
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Reliance Tax Saver ELSS Fund declares 15% dividend

August 27, 2009 · Filed Under Reliance MF · Comment 

The trustees of Reliance Mutual Fund have approved August 28, 2009 as the record date for declaration of 15 percent dividend under Reliance Tax Saver (ELSS) Fund.

Accordingly dividend will be paid to all the unitholders whose names appear on the Register of investors/unitholders of the schemes, on August 28, 2009 subject to availability of distributable surplus under the scheme.
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Reliance Communications Launches Rural Customers Mobile Solution

August 25, 2009 · Filed Under Reliance Comm · Comment 

Reliance Communications today announced various initiatives to increase mobile telecom and internet penetration in rural India, with the launch of three new initiatives known as “BharatNet plan”, “Grameen VAS” and M2M (Machine to Machine) solutions for rural customers.

Mr S P Shukla, President Wireless, Reliance Communications quoted The Indian telecom wireless rural subscriber base is now over 125 million. The next wave of telecom growth is emerging from rural India. With rural base expected to double in the next few years, RCOM is committed to drive this exponential growth through innovative and ground breaking service offerings and tariffs.
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Reliance Industries lashes out at ADAG for gas propaganda war

August 25, 2009 · Filed Under Reliance Industries · Comment 

Hitting back at the Anil Dhirubhai Ambani Group (ADAG) for unleashing a malicious, mischievous, baseless and ill-informed campaign against its KG-D6 gas field costs, Mukesh Ambani’s Reliance Industries Ltd (RIL) said the campaign by people with little experience of large projects should be nipped in the bud.

It is necessary to nip these malafide endeavours in the bud for the sake of energy security of the country, wrote RIL president and CEO PMS Prasad in an August 20 letter to petroleum secretary RS Pandey.
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Punjab ends MoU with Reliance Industries

August 25, 2009 · Filed Under Reliance Industries · Comment 

The ambitious project of Reliance Industries (RIL) to put up progressive farming practices in Punjab has been scrapped as the Punjab cabinet has terminated the Memorandum of Understanding (MoU) signed with RIL in 2006 for setting up of Agricultural Mega Projects in the state, saying that no action had been taken in accordance with the provisions of the MoU.
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India’s Reliance Communications sells $253 mln of CP-sources

August 25, 2009 · Filed Under Reliance Comm · Comment 

Reliance Communications, India’s No. 2 mobile operator, has raised 12.25 billion rupees (253 million dollar) via short-term debt, two sources with knowledge of the deal said on Monday. The company sold one-month commercial paper at a yield of 3.40 percent, they added. The paper matures on Sept. 29, 2009.

LKP Securities was arranger to the issue. (1dollar =48.5 Indian rupees)
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Reliance Services man top choice for Jamia V-C’s post Murshirul Hassan likely to lose the plot due to lobbyism

August 25, 2009 · Filed Under Reliance Industries · Comment 

Mired long by politicking, the much-awaited appointment of Jamia Millia Islamia (JMI) Vice-Chancellor may well be on the cards, with the Human Resource Development Ministry learnt to have recommended the name of Najeeb Jung, a 1973 batch IAS officer and former joint secretary in the petroleum and natural gas ministry, for the top job.

Apart from Jung, who quit the IAS for academics in 1995, the V-C’s panel sent to the President for her final assent, also includes the names of Bihar home secretary Afzal Amaanullah and outgoing JMI V-C Mushirul Hasan, who completed his five-year term at the university on June 9 this year.
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Legal expenses multiply for Ambanis’ group firms

August 25, 2009 · Filed Under Reliance Industries · Comment 

Court battles are both time consuming and costly and who would know better than the Ambani brothers, as their group firms, fighting over gas, are showing multi-fold increase in legal expenses over the years.

Anil Ambani group firm RNRL first filed a case against RIL in Bombay High Court in November 2006, alleging violation of a family pact about supply of gas from elder brother Mukesh led RILs Krishna-Godavari gas fields.

Since the financial year 2006-07, RNRLs legal and professional fees have surged nearly five-fold from Rs 3.12 crore to Rs 15.27 crore in the latest fiscal 2008-09.
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Reliance Industries undertakes development work in Dwarka town

August 25, 2009 · Filed Under Reliance Industries · Comment 

Reliance Industries Limited (RIL) group president Parimal Nathwani laid the foundation stone for various development works that are to be taken up by the company at Dwarka, on Sunday.

According to a press release, the company will take up development work worth Rs 2.68 crore in Dwarka.

Works will include the construction of well-equipped rest rooms for pilgrims, cloak rooms, drinking water facility and also a museum based on the life of Lord Krishna.
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