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Reliance textile unit at Naroda faces workers strike
Workers at the country’s largest private sector conglomerate, Reliance Industries Limited (RIL), on Thursday went on strike at the company’s textile division at Naroda in Ahmedabad demanding a 60 per cent rise in wages. The company maintained operations at its plant “are continuing peacefully.”
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Mukesh Ambani to PM: We’ll invest 70k crore
After a long spell of gripes over policy inaction, Reliance Industries chairman Mukesh Ambani has provided some much-needed support to the government, saying he did not share the gloom and pessimism that several industry leaders were talking about.
At the meeting of the Prime Minister’s Council on Trade and Industry on Thursday, the country’s richest man went on to talk about his group’s mega investment plans. “Sir, I don’t share the gloom and pessimism on India. I plan to invest Rs 70,000 crore in India over the next two years. To me, India remains the best investment destination,” a senior government official present in the meeting quoted Ambani as saying.
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Reliance Retail in Talks With Foreign Single-Brand Retailers
Reliance Retail Ltd., a unit of Reliance Industries Ltd., is in partnership talks with several international single-brand retailers that are looking to enter India, a top executive said Thursday.
The Indian government last week announced reforms to its rules for the retail sector, allowing single-brand retailers like Marks and Spencer Group PLC and Nike Inc. to bring in 100 percent foreign direct investment into India, up from 51percent previously.
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Mukesh Ambani-run RIL sues government to recover KG Basin gas field costs
Mukesh Ambani-run Reliance Industries Ltd (RIL) has launched arbitration proceedings against the government over the recovery of cost for the development of the offshore KG Basin gas field.
The cost estimates had run into a controversy following the Comptroller and Auditor General of India’s (CAG) report pointing out irregularities on the part of the company.
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Review and Price: Reliance Android tablet PC
Reliance’s Android tablet is well priced for the Indian market, but cuts certain corners to hit that price tag.
The tablet wars are taking place at a frenzied pace and Reliance’s 3G Tab, priced at Rs. 12,990 seems sure to make a killing. Although it’s not unlike any old tablet including the Samsung Galaxy Tab, the simplistic and no frills look of the 3G Tab made us feel quite comfortable. It’s equipped with a 7-inch capacitive touchscreen, which allows accurate control and it sports a 480×800-pixel resolution.
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Reliance 3G Android tablet PC
Reliance Rs.12,999 3G Android tablet PC plans and Specs - Reliance 3G Tab TVC
Reliance 4G Tablet For Rs. 5000.
Reliance Industries Limited (RIL) is apparently in talks with DataWind – a Canada based company and Aakash, the world’s current cheapest tablet maker to bring world’s cheapest 4G tablet to Indians. The estimated price of this new 4G tablet would be between Rs. 4000 – Rs. 5000 (around 100 dollars).
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Reliance calls off Bharti-AXA Insurance deal
Due diligence report by RIL found valuations expensive.
Reliance Industries (RIL) has scrapped its plan to acquire Bharti’s stake in the life and general insurance joint ventures with French insurer AXA.
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Ambani at India-Japan Global Partnership: Bring SME business to India
Billionaire Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, said on Monday that his company was looking at forging new partnerships with small and medium enterprises (SMEs) in Japan.
We need to look for new dimensions in partnerships, Ambani said at the inaugural session of the three-day India-Japan Global Partnership Summit at Tokyo.
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Reliance-Bharti AXA deal gets CCI approval
The Competition Commission of India (CCI) on Tuesday cleared the bid by Reliance Industries Ltd (RIL) to acquire Bharti group’s stake in Bharti AXA life and general insurance companies, its first order on mergers and acquisitions (M and As) since it started scrutinizing them in June.
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