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Sudip Bandyopadhyay may leave Reliance Money
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 Big TV launches new interactive portfolio tracking feature iStock
Reliance Big TV today on Thursday its new interactive feature, iStock, the country’s first portfolio tracking application through its DTH platform. The application is launched in association with Reliance Money which created a unique iStock zone on Reliance Big TV’s DTH platform.
The zone will not only provide information on Indian and international indices, currencies, commodities, stocks and stock market news, but also provide Reliance Big TV customers with value added services including a personal portfolio management tracker.
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Reliance Big TV and Reliance Money launches iStock
In yet another attempt to offer its consumers an interactive and innovative feature, Reliance Big TV on July 2, 2009, launched iStock, a portfolio tracking service through their DTH platform in association with Reliance Money. Reliance Money has created an iStock zone on Big TV’s DTH platform. This zone will not only provide information about Indian and international indices, currencies, commodity, stock and market news, but also provide customers with value added services, including a personal portfolio management tracker. Big TV, which currently has around two million subscribers, is eyeing three million subscribers this year.
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Reliance Money best equity broking house for 2009: Dun & Bradstreet
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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Reliance Money launches “Reliance Money Travel Currency Card”
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
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
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
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
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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Reliance Money goes ahead of Thomas Cook to become biggest currency exporter
Reliance Money has overtaken Thomas Cook to become the largest aggregator and exporter in the currency business.
Reliance Money Express became the No. 1 wholesaler by reaching the target of exporting Rs 10,000 crore in this fiscal. “We buy currencies from retailers and export them to banks overseas. We have gone ahead of Thomas Cook, which was the biggest wholesaler till now,†Sudip Bandyopadhyay, CEO of Reliance Money, told The Telegraph.
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