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Reliance Money launches new gold coins with India Post logo

October 19, 2010 · Filed Under Reliance Money · 1 Comment 

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Anil Ambani group company Reliance Money Infrastructure Limited (RMIL) Monday launched new gold coins with the India Post logo to capitalise on the festive fervour in the country.

The company, part of Reliance Capital, also launched a special promotional offer, under which it would give a 0.5 gram of gold coin free on every purchase of 10 grams. This offer would be available to customers for the entire month of October up to Diwali.

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Reliance Money may merge with Reliance Equities

July 29, 2009 · Filed Under Reliance Money · 1 Comment 

Amid media reports of Sudip Bandyopadhyay, CEO, Reliance Money, looking to exit the company by September, buzz on the Street is that Reliance Capital’s retail broking arm, Reliance Money, is likely to be merged with its institutional counterpart, Reliance Equities International.

Of the two, Reliance Equities is said to be on a stronger footing at the moment. This is not surprising, considering that the stock market rally since March this year has been driven by institutional investors. Market watchers say the merger, if it happens, makes sense in the current environment.
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Sudip Bandyopadhyay may leave Reliance Money

July 16, 2009 · Filed Under Reliance Money · Comment 

Sudip Bandyopadhyay, the face of Reliance Money, Reliance Capital’s broking, distribution and money transfer arm, is on his way out.

Sources told DNA Money he is likely to continue with the brokerage-cum-money transfer major till September.He is said to be joining a media and entertainment company.

But Bandyopadhyay denied any such move. It’s baseless. I am still with Reliance Money, he said. The stage for his exit was set about three months ago, when Reliance Money had elevated him to a position of managing director, the sources said.
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Reliance Money best equity broking house for 2009: Dun & Bradstreet

May 27, 2009 · Filed Under Reliance Money · Comment 

Anil Dhirubhai Ambani Group firm Reliance Money has been adjudged as the best equity broking house for 2009 by research firm Dun and Bradstreet.

Besides, Reliance Money has also bagged the top broker award in the largest e-broking house segment of  D and B, the company said in statement today.

“This recognition is testimonial to the hard work and dedication of the entire team of Reliance Money.As an organisation, we constantly endeavour to find innovative methods to provide the highest levels of ease, convenience, cost-effectiveness and security to our customers,” Reliance Money MD Sudip Bandyopadhyay said.
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The Supreme Court denied Anil Ambani group firm permission to encash Maytas’ bank guarantees

May 27, 2009 · Filed Under Reliance ADAG, Reliance Infrastructure, Reliance Money · Comment 

The Supreme Court has denied Anil Ambani group firm Utility Energy Tech Engineers Pvt Ltd permission to encash bank guarantees provided by its subcontractor Maytas Infrastructure after the latter defaulted on a highway expansion project.

Maytas Infrastructure had produced performance guarantees from ICICI Bank for the highway project in Tamil Nadu and the Bombay high court, in its order dated 15 May, had asked the bank to deposit Rs20 crore it underwrote by 18 June.

Later, on 21 May, the high court gave ICICI Bank time till 18 June to deposit the performance guarantee amount.

Utility Energytech had, in its appeal, sought direct payment of the amount to the beneficiary under the contract rather than depositing the money with the court.
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Reliance Money launches “Reliance Money Travel Currency Card”

May 27, 2009 · Filed Under Reliance Money · Comment 

Reliance Money, part of the Reliance Anil Dhirubhai Ambani Group, on Monday launched the ‘Reliance Money Travel Currency Card’ in collaboration with Citibank.

The Reliance Money Travel Currency Card is a multi-use, prepaid (ATM access and point-of-sale-enabled) card, loadable in US Dollars, Euro and GBP. Aimed at overseas travelers, the product has been launched in collaboration with Citibank and available in US dollars, Euro and GBP.

Issued by Citibank, the Card offers all the conveniences of plastic money by allowing customers to purchase goods and services by simply swiping the card over 13.5 million VISA enabled point-of-sale terminals worldwide and 900,000 Visa ATMs across the world.
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About 10-15 per cent job cuts in Reliance Money

April 27, 2009 · Filed Under Reliance Money · Comment 

Tags: Reliance Money, Money transfer, Money exchange, Selling Gold Coins, Jobs, Hiring, Job cuts, Job Layoffs,.

Anil Ambani Group firm Reliance Money on Monday said it is undertaking a performance monitoring exercise for its staff which could result in separation of about 300 employees due to their under-performance.
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Reliance Money starts trial runs of its commodity spot exchange

April 16, 2009 · Filed Under Reliance Money · Comment 


Local brokerage Reliance Money Ltd has started trial runs of its commodity spot exchange as it chases a mid-May timeline.

“Trial runs are on for both agricultural and non-agricultural products. We should launch operations in about a month,” said Sudip Bandyopadhayay, chief executive officer of Reliance Money, a wholly owned subsidiary of Anil Ambani-controlled financial services company Reliance Capital Ltd.
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Sudip Bandyopadhyay elevated as MD, Reliance Money

April 3, 2009 · Filed Under Reliance Money · Comment 

Reliance Money, part of the Reliance Anil Dhirubhai Ambani Group, decided to elevate Sudip Bandyopadhyay who is the current chief executive officer of the company, to the post of managing director as part of the company’s overall growth plans.

At the same time, Jhuma Guha will take over as CEO – OTC services, Reliance Money; while Kapil Bali will now take over as CEO – broking & distribution, Reliance Money.
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Reliance Money in pact with Kuoni Travel India for foreign exchange trade

March 25, 2009 · Filed Under Reliance Money · Comment 

Domestic brokerage Reliance Money Ltd has tied up with Kuoni Travel India Pvt. Ltd to buy and sell foreign exchange at the travel firm’s 75 retail establishments across the country.

The tie-up will be for one year but could be renewed, said Sudip Bandyopadhyay, chief executive officer of Reliance Money, a wholly owned subsidiary of Anil Ambani-controlled financial services company Reliance Capital Ltd.

We have completed our contract with Kuoni India to set up shop-in-shops in their outlets to target the over nine million Indians who travel overseas every year, Bandyopadhyay said. Apart from selling them forex, we will have an opportunity of offering them travel insurance and loans, and later follow it up with our other retail services as we will have their contacts in our database.
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