Hefty fine for ‘insider trade’ looms over Reliance Industries

The Securities and Exchange Board of India or Sebi could levy a record penalty on Reliance Industries (RIL), the country’s largest private sector company, if it is able to establish that the company was involved in insider trading, according to a person close to the proceedings.

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Reliance MF launches Gold Savings Fund

Anil Ambani group firm Reliance Mutual Fund today launched a new Gold Savings Fund, a first-of -its-kind investment scheme focused on gold, to tap a market that it expects to become bigger than even equity mutual funds.

The new fund, which is different from gold ETFs (Exchange Traded Funds) that require subscribers to have a demat account, will also offer investors the option to invest as little as Rs 100 per month, the company said here.

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Reliance Communications alleges Rs 1-lakh cr fraud by old 2G operators

Reliance Communications today accused “old 2G operators” of causing over Rs 1 lakh crore in losses to the exchequer through fraudulent means. Though it did not name any operator, the so-called old 2G operators are Bharti Airtel, Vodafone and Idea Cellular.

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Reliance Capital Q3 net up 68.2% to Rs 106.32 cr

Anil Ambani group company Reliance Capital today reported a 68.28 per cent rise in its net profit at Rs 106.32 crore for the quarter ended December 31, 2010.

The company had a net profit of Rs 63.18 crore in the October-December quarter a year ago, Reliance Capital said in a filing to the Bombay Stock Exchange .

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RComm denies involvement in 2G scam

Reliance Communications, the flagship company of the Reliance Anil Dhirubhai Ambani Group, on Sunday denied its involvement in the 2G-spectrum allocation scam.

Issuing a detailed clarification on the company’s link with Swan Telecom in the scam, Reliance Communications Wireless Business Chief Executive Syed Safawi said that the company did not violate any norms as it held only 9.9 per cent equity share capital in the firm at the time of applying for the 2G licences.

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Reliance Mobile launches ICC World Cup-related promotional activities

Reliance Mobile kicked off a series of promotional activities here last night for ICC World Cup beginning next week.
Vinay Chandhok,Hub Head-Gujarat and Rajasthan,Reliance Communications,today said we are offering live streaming,scores and commentary on mobile platform and ICC Cricket World Cup 2011 theme song as caller tune.

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Reliance Capital to announce Q3 results on Feb 12, 2011

Reliance Capital Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 12, 2011, inter alia, to consider and approve, unaudited financial results for the quarter ended December 31, 2010 (Q3).

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Reliance Digital launches first store in South Delhi at Ambience Mall, Vasant Kunj

Reliance Digital, the consumer durables and electronics arm of Reliance Retail today announced the launch of its first store in up-market South Delhi – at Ambience Mall, Vasant Kunj. This is the first store in South Delhi and the third in Delhi NCR. After the successful launch of Reliance Digital stores in Mumbai, Delhi, Gurgaon, Ghaziabad, Jalandhar, Bengaluru, Mangalore, Hubli, Hyderabad, Vijaywada, Vizag, Secundrabad, Chennai, Coimbatore, Ahmedabad, Vadodara, Nashik and Nagpur this is the 27th store in the country.

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Reliance Communications launches job search on voice service

Anil Ambani-led Reliance Communications has launched ‘job search on voice’ service that would enable its customers to connect to the recruiters directly on phone line at a subscription of Rs 30 per month.

Customers can avail these services by dialling 58010. The service has auto renewal facility with fallback options of Rs 20 for 20 days and Rs 10 for 10 days. No browsing charges are involved while the renewal grace period is three days.

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