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Nita Ambani cheers for her cricket team Reliance 1

September 22, 2009 · Filed Under Ambani Family · Comment 

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Nita Ambani, the wife of Reliance Industries chairman Mukesh Ambani, is here to support her cricket team Reliance 1.
The team is playing in the ongoing J P Atray Tournament.
Addressing the media, Nita Ambani said she was happy to meet and support the players of her team.

I am happy to be here in Chandigarh to support the Reliance 1 team playing in the J P Atray Tournament. I must compliment Atray for hosting this tournament for the last 16 years, she said.
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Reliance GSM mobile offers STV 18

September 22, 2009 · Filed Under Reliance Mobile · Comment 

Reliance Communications, the number one network of the country has introduced a special tariff voucher for its GSM for only Rs 18 with lifetime validity and tariff validity of one year.

According to Servesh Mathur, CEO, MP Circle, Reliance Communications, once a customer recharges with STV 18, the call charges for calls made from RTL to RTL (Reliance GSM to Reliance GSM) will be as low as 0.30 p per minute between 6am to 10pm and even lower, at just 0.10p (ten paise) per minute between 10pm to 6 am. Further the calls made to any other network will be charged at Rs 0.60 p (Sixty paise) per minute and for STD it will be Rs 1.20. The STV comes with lifetime validity with a tariff validity of one year.
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Rel Life Insurance targets indian rural mart

September 22, 2009 · Filed Under Reliance Insurance · Comment 

After growing its life insurance business at above average growth rate in the last three years, ADA Group is now entering the rural market in a big way.

Reliance Life Insurance is targeting about Rs 500 crore of new premium from rural areas over the next three years, compared to just about Rs 10 crore now. The group is also on track to infuse additional equity capital into its life business, taking the total equity base of Reliance Life to over Rs 3,000 crore from Rs 2,700 crore now, said Sam Ghosh, CEO, Reliance Capital, which is the parent company for ADAG’s life insurance business.
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Reliance Life Insurance IPO may get delayed

September 22, 2009 · Filed Under Reliance Insurance · Comment 

The insurance regulator, Insurance Regulatory and Development Authority or IRDA, said initial public offering or IPO approvals would not be on case-to-case basis. In other words, it clearly indicates that the IPO of Reliance Life Insurance is likely to get delayed, media reports said.

Reliance Life Insurance IPO will have to wait for some time, as it has not completed ten years of operations as of now. Besides, there is lack of clarity in terms of the Insurance Acts, specifying that company can list after ten years, but there is a lot of ambiguity on what will happen before that.
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Anil Ambani is the highest salary-earners: SundayET

September 20, 2009 · Filed Under Ambani Family · Comment 

The best paid individuals in the country are promoters of their respective companies, says a survey by SundayET. The list of highest salary-earners is led by Anil Ambani, the head of Anil Dhirubhai Ambani Group, who draws a salary of over Rs 30 crore per annum. Flanking the junior Ambani at the top are Malvinder Mohan Singh of Ranbaxy who later sold the company to Daiichi and chairman of telecom giant Bharti Airtel, Sunil Bharti Mittal.
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KG D-6 gas output may be over 4 times the estimate

September 20, 2009 · Filed Under Reliance Industries · Comment 

The D-6 fields of Reliance Industries in the Krishna-Godavari (KG) Basin have the potential to produce gas that is over four times the estimated peak output of 80 million cubic metres a day (mmscmd).

VK Sibal, director general, directorate-general of hydrocarbons, told Business Standard, The 50 wells in D-6 were earlier estimated to produce a total of 80 mmscmd gas (at the rate of 1.6 mmscmd per well). However, each well can produce about 6 to 7 mmscmd, so you can estimate the potential. Sibal said that the government was usually conservative in approving the proven reserves as the exact potential could be ascertained only after actual production starts.
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Reliance 1 focusing on young talents in sports: Nita Ambani

September 20, 2009 · Filed Under Ambani Family · Comment 

Reliance 1 was formed not only to scout young talents in the country but also to develop the infrastructure of the sporting facilities, the owner of the company, Mukesh Ambani’s wife Nita Ambani said here on Sunday.

Reliance 1 was made with the principle of scouting young talents and our main focus is to give platform to the youngsters. We are also serious about enhancing sporting facilities in the country, Nita, who is involved with this new project, told reporters here.
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Global companies eye Reliance Power mining equipment order

September 20, 2009 · Filed Under Reliance Power · Comment 

Six global equipment manufacturers —P and H and Caterpillar from the US, Komatsu from Japan, Belaz from Belarus, Uralmash from Russia and Taiyuan Heavy from China — are in the race to secure a contract for supplying large mining equipment to Reliance Power’s Sasan ultra mega power project (UMPP).

The company is expected to finalise the mega order worth over Rs 2,000 crore for mining equipment like draglines, electric shovels, off-highway haul trucks within a fortnight, to kickstart coal mining operations in captive blocks, allotted for the 4,000-mw project, said a source privy to the development.
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Reliance Mobile Launches Job Search on R-world

September 18, 2009 · Filed Under Reliance Mobile · Comment 

Reliance Mobile is launching a job search service on R-World, its VAS platform.

The company claims that the uniqueness of this job search service is that instead of focusing on white-collar employment seekers, Reliance Mobile is focussed on the hugely potential yet vastly untapped informal jobs market. The company has tied-up with Babajob.com, a company that specializes in informal labour hiring to launch this service on a pan-India basis. Reliance Mobile s job search service can be accessed through R-World.
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Reliance GSM Mobile to launch 8 mobile number series for delhi

September 16, 2009 · Filed Under Reliance Mobile · Comment 

Reliance Mobile is rolling out its new mobile number series beginning with ‘8′ in the Delhi-NCR circle. This makes Reliance Mobile India’s first GSM operator to roll-out the new mobile number series starting with ‘8′ in Delhi-NCR region.

For over 15 years, India has been using mobile numbers starting with ‘9xxxxxxxx’. Pioneering the paradigm shift, Reliance is opening its new GSM mobile ‘8010xxxxxx’ number series for its Delhi subscribers.
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