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Reliance Mediaworks image-processing technique bags Oscar

January 15, 2012 · Filed Under Reliance ADAG · Comment 

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Members of Reliance Mediaworks’ Global Imaging Technology Centre will receive the prestigious Academy plaques at the Academy of Motion Picture Arts and Sciences’s Scientific and Technical Awards 2012, to be held Feb 11. The technique for which the award is being given is for the development of Lowry Process — a system for the reduction of noise and other disturbances, thereby providing high quality images required by the filmmaking process.
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2G spectrum scam: Anil Ambani is now a suspect

February 19, 2011 · Filed Under Reliance ADAG · Comment 

Anil Ambani, chairman of the Anil Dhirubhai Ambani Group (ADAG), is now a suspect in the 2G scam, CBI sources have told HT. The investigators are not satisfied with his responses during the questioning session in the CBI headquarters here on Wednesday. An ADAG spokesperson, however, refused to reply to HT’s queries on the issue.

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ADAG stocks go up, RNRL feels the heat

May 10, 2010 · Filed Under Reliance ADAG, Reliance Natural Res · Comment 

With Reliance-Anil Dhirubhai Ambani Group (ADAG) group officials launching damage controlling measures, stocks of all group companies, except for Reliance Natural Resources, rose on Monday as the market scaled 591 points.

Reliance Infrastructure was the highest gainer on the BSE, which went up by 8.48% to Rs 1,062. However, the court’s verdict prompted several analysts to again rate the RNRL stock as the company will be getting gas at a higher price from Reliance Industries, owned by Anil’s brother, Mukesh. On Monday, RNRL’s stock was down 4.92 % and it closed at Rs 50 on the BSE.
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Reliance MediaWorks in pact with Japan’s Imagica Corp

March 19, 2010 · Filed Under Reliance ADAG · Comment 

Reliance MediaWorks Ltd announced BSE on Wednesday that the company has entered into a memorandum of understanding with Japan’s Imagica Corp to offer film restoration, image processing and enhancement and HD conversion services to Japanese broadc asters and studios.

Reliance MediaWorks is the country’s fastest growing film and entertainment services company and a part of the Reliance ADA group.
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Justice Katjus wife invested in funds of Anil Ambani group company

November 12, 2009 · Filed Under Reliance ADAG · Comment 

Was it a case of mistaken identity that led to recusal of Justice Markandey Katju from deciding a dispute between Mukesh Ambani owned RIL and BPCL over price differences in naptha supplied by the PSU?

Justice Katju, while recusing himself from the case, in which he heading a Bench had reserved judgment in September, had reasoned that his wife held shares in Reliance Industries. In reality, she did not hold any share in Reliance Industries but had invested Rs 2 lakh in two funds run by an Anil Ambani group company.
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Reliance MediaWorks has a robust business model

November 8, 2009 · Filed Under Reliance ADAG · Comment 

From a post-production house to one of the leading entertainment companies, Reliance MediaWorks (formerly Adlabs) has come a long way. Mr Anil Arjun, Chief Executive Officer, expects a turnaround this year as a host of releases are lined up after a lull in April-June. He spoke to Business Line about the industry’s outlook, plans and the idea for brand change.

While you posted a loss in Q2, do you believe that it was still better with the new revenue sharing agreement in place?
We have seen a major gain in performance between Q1 and Q2. Our EBITDA from operations grew to Rs 35 crore and losses were down from Rs 65 crore (in the preceding quarter) to Rs 11 crore. Depreciation and interest were high because we went through a large capital expansion in the past year. I see a lot of benefits flowing from Q3 onwards and reflecting positively on our growth and profits.
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Tina Ambani advocates five must-see films at the Mumbai Film Festival

November 2, 2009 · Filed Under Reliance ADAG · Comment 

I have always been proud to acknowledge that my roots lie in the film industry. My decade-long career in cinema has been both formative and empowering, and has contributed to my growth as a person. It led to my awareness and respect for the creative process, which metamorphosed into my affinity for art, leading to the establishment of the Harmony Art Foundation.

And with my personal evolution over the years came the realisation that we can’t live in individual, self-contained bubbles. We need to reach out and give back to the community, the society that has nourished us.
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Tina Ambani on her latest venture ‘Mumbai Film Festival’

October 29, 2009 · Filed Under Reliance ADAG · Comment 

Here, Tina Ambani, who oversees the corporate social responsibility of the Reliance ADA Group, of which the film festival is a part of, talks about this year’s festival…

What prompted you to get the Reliance ADA Group to support the Mumbai Film Festival?
Cinema is an universal truth — the language of dreams. This language is spoken by all of us. Befittingly, Mumbai is called the city of dreams. The cradle of Indian cinema and home to the world’s largest film industry, it is a prolific manufacturer of dreams. More significant, it is a place where dreamers — filmmakers, actors, scriptwriters, composers — can turn their own visions of success into technicolour reality.
I know this only too well; my decade-long association with the industry has been both defining and empowering. Just as it is logical for this great city to have an international film festival that celebrates its spirit and rich cinematic heritage, it has been a natural step and an immense source of pride for me to support this festival and give it the stature it deserves.
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Stop RIL’s marketing margin on gas sale: R-Adag

October 25, 2009 · Filed Under Reliance ADAG, Reliance Industries · Comment 

The Reliance-Anil Dhirubhai Ambani Group (R-Adag) has asked the empowered group of ministers (eGoM) to consider on Tuesday the issue of marketing margin on sale of gas from the Krishna-Godavari (KG) basin charged by Reliance Industries Ltd (RIL) and said the levy should be stopped.

The eGoM headed by finance minister Pranab Mukherjee will on Tuesday consider allocating natural gas produced by RIL among new users in sectors such as power but may not give any fuel for the company’s petrochemical plants and refineries.
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Anil Ambani to invest in uttarakhand tourism sectors

October 11, 2009 · Filed Under Reliance ADAG · Comment 

Anil Dhirubhai Ambani Group (ADAG) Chairman Anil Ambani today said he was keen to invest in the industrial, power and tourism sectors in Uttarakhand.

After holding prayers at Badrinath and Kedarnath this morning, he flew here and was with Chief Minister Ramesh Pokhriyal Nishank for nearly an hour. An official spokesman later said Ambani expressed his desire to develop the Chardham tourist circuit (Badri, Kedar, Gangotri, Yamunotri) and inquired about various developmental plans in the region.
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