Reliance Insider

Dhirubhai Institute planning a reseach facility in West Bengal

Dhirubhai Ambani Institute of Information and Communication Technology is planning a IT education and research facility at Haringhata in West Bengal in line with a similar institute set up by the Ambani Group at Ahmedabad in Gujarat. A Bill in this regard was passed in the State Assembly today. Introducing the Bill, State Higher Education Minister [...]

BigFlix gets 80,000 registered membership in first year

In an exclusive interview with FE’s Pritha Mitra Dasgupta, the COO of Bigflix, Kamal Gianchandani said that Bigflix will break even this financial year. Bigflix.com, the online and offline movie rental business of the Reliance Anil Dhirubhai Ambani Group (ADAG), has completed a year of operations. In just one year, it has managed to get [...]

Reliance Money launches e-commerce Web portal reliancemoneymall.com

Reliance Money, part of the Reliance Anil Dhirubhai Ambani Group, has launched a new e-commerce Web portal for a range of financial products. Christened reliancemoneymall.com, the portal will enable customers to purchase financial products such as insurance, mutual funds and bullion and non-financial products such as apparel, accessories, books/ magazines, music CDs and DVDs, home appliances, [...]

Rosa power project to complete 6 months before scheduled date

Ambani’s has a expertise in complete mega project before time. After Mukesh Ambani’s Reliance Petroleum project running ahead of schedule, it looks like younger Ambani’s Rosa Power Project will complete 6 months ahead of schedule. The Reliance Anil Dhirubhai Ambani Group (R-ADAG) hopes to commission the first phase of its 1,200-MW, Rs.50-billion (over $1 billion) power [...]

Brindco ties up with Reliance Retail

The leading wine importer, Brindco has tied up with Reliance Retail with an exclusive arrangement to handle the sale of imported wines at the Reliance Signature Fresh stores,, with the first one opening next week in Mumbai, reports Subhash Arora. The first signature outlet to open next week is near the US Consulate on Kemp’s Corner, [...]

Richest Indian - Mukesh Ambani

PTI, LiveMint Reliance Industries’ Mukesh Ambani has overtaken NRI steel tycoon Lakshmi Mittal as the richest Indian in the world, with a net worth of $20.8 billion, Forbes said in its annual rich list for the country. Mittal, who has moved to second position with a net worth of $20.8 billion, is followed by Mukesh’s younger brother [...]

Reliance oil and gas projects might be delayed

Reliance Industries (RIL), India’s biggest company by market value, is unlikely to meet its previously-announced commissioning schedules for two key oil and gas projects, as depressed global fuel demand, the financial market turmoil and legal challenges to its plans force it to push back deadlines, company officials with knowledge of its plans say. The refinery is [...]

Reliance Infra buys back 16 lakh shares

Reliance Infrastructure, a part of the Anil Dhirubhai Ambani Group (ADAG), has bought back 16,00,000 equity shares of the company in less than two weeks, a statement said here. Since the commencement of the buy back on March 25, Reliance Infrastructure has so far bought back 72,60,000 equity shares aggregating Rs 711 crore. Shareholders of Reliance Infrastructure [...]

Reliance looks abroad for semiconductor unit

Bangalore: Mukesh Ambani’s Reliance Industries (RIL) is understood to be evaluating at least four overseas locations for setting up two plants for semiconductor fabrication and manufacturing solar grade wafers and polysilicon. The company had earlier proposed to set up the plants in India at a cost of Rs 30,000 crore and had accordingly made a proposal [...]

Reliance Gas Corporation to get 67% equity in Andhra gas consortium

The Andhra Pradesh government has decided to restructure the equity pattern of the Krishna-Godavari Gas Network (KGGNL) to include Reliance Gas Corporation (RGC), a subsidiary of Reliance Industries, as a majority partner of the consortium. KGGNL, a special purpose vehicle set up for the development of the natural gas network in the state, is a joint [...]