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Reliance Capital Q3 net up 68.2% to Rs 106.32 cr

February 13, 2011 · Filed Under Reliance Capital · Comment 

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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Reliance Capital to announce Q3 results on Feb 12, 2011

February 8, 2011 · Filed Under Reliance Capital · Comment 

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 Securities to invest Rs 300 cr for online trading business

October 21, 2010 · Filed Under Reliance Capital · Comment 

Anil Ambani group’s brokerage arm Reliance Securities is planning to invest Rs 300 crore for upgrading infrastructure, hiring staff and enhancing the capability of its online trading platform.

The company will make this investment over the next 3-5 years with an aim to upgrade the IT infrastructure and to add new features to its trading platform, sources said.

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Reliance Capital plans to enter into banking sector

October 9, 2010 · Filed Under Reliance Capital · Comment 

Reliance Capital plans to enter the banking sector once the Reserve Bank of India (RBI) is ready with its final guidelines for new banking licence.

We have always regarded banking as a high-priority sector with huge potential, and are evaluating different options contained in the guidelines, said Anil Ambani, Chairman, Reliance Capital, while addressing the 24th annual meeting of the company here on Tuesday.

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Talk with Sundeep Sikka, CEO, Reliance Capital Asset Management Ltd

December 9, 2009 · Filed Under Reliance Capital · Comment 

Sundeep Sikka, CEO, Reliance Capital Asset Management Ltd. (RCAM) has been instrumental in expanding RCAM’s footprints in both domestic and international territories. Sundeep has been with RCAM since November 2003 and has more than 13 years of leadership experience with NBFCs and Banks. Sundeep brings a proven track record of success and a broad understanding of the company’s business. Prior to RCAM, Sundeep has held a number of other senior management positions and his last stint was with ICICI Bank.
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ICRA verified A1+ rating to Reliance Capital

October 28, 2009 · Filed Under Reliance Capital · Comment 

Credit rating agency, ICRA has reaffirmed the A1+ rating to Reliance Capital Rs 100 billion short term debt programme.

The rating re-affirmation reflects RCL’s association with Reliance Anil Dhirubhai Ambani (ADA) group one of India’s largest business groups, strong reported capitalisation levels amongst Indian Non-Banking Finance Companies, its improving liquidity & revenue profile.
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Reliance Capital, Daiwa to launch i-banking in India

October 20, 2009 · Filed Under Reliance Capital · Comment 

Anil Ambani-controlled Reliance Capital, through its subsidiary Reliance Securities, is entering into a strategic alliance with Japan’s second-largest investment bank Daiwa Securities to set up investment banking business in India.

The deal will enable the two firms to share clients in their domestic markets. With Daiwa, Reliance Capital will be able to tap Japan’s pool of high net worth individuals who want a slice of the India story, said an official involved in the deal requesting anonymity as he is not authorised to speak to the media. A Reliance Capital spokesman declined to comment for this story.
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Reliance Capital plans Rs 100-cr ESOP for senior employees

September 8, 2009 · Filed Under Reliance Capital · Comment 

Reliance Capital, the financial services company of the Anil Ambani group, has decided to dole out stock options worth Rs 100 crore to senior employees, said a person privy to the development.

The Reliance Capital board approved the employee stock option plan on Tuesday. The plan would cover nearly 500 employees. The employee stock option plan is viewed as an attractive retention strategy and also to be utilised to attract new talent to the company. It will also be an integral part of aggregate compensation for top management team, the same person said, requesting anonymity.
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Financial services sector has limitless growth: Anil Ambani

July 21, 2009 · Filed Under Reliance Capital · Comment 

Painting a bright future for the Indian financial services sector, Anil Dhirubhai Ambani Group (ADAG) Chairman, Anil Ambani on Tuesday said that the headroom for (its) growth is virtually limitless.

In financial services, as in many other sectors of the Indian economy, we have barely scratched the surface, Ambani told shareholders at the annual general meeting (AGM) of Reliance Capital, a leading player in the Indian financial services space.
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Reliance Capital Annual General Meeting :Anil Ambani Speech

July 21, 2009 · Filed Under Reliance Capital · Comment 

My dear fellow
Reliance Capital
shareowners,

I am delighted to welcome each one of you to this 23rd Annual General Meeting of our Company.

It has been a year of substantial achievements for our company, in the face of one of the toughest global economic downturn ever witnessed in history.
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