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Reliance Retail hires Sanjay Jog as HR head
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Mukesh Ambani-led Reliance Retail has hired Sanjay Jog, a seven-year veteran at rival Kishore Biyani’s Pantaloon Retail (India), to head it human resources department.
Jog, who drove Pantaloon Retail’s overall human resources strategy, joined the Mukesh Ambani firm earlier this month. A Future Group spokesman confirmed Jog’s departure.
Jog, who was HMV Saregama India’s international COO before joining Pantaloon Retailer in 2005, is the latest in a string of executives to have quit the country’s largest retailer over the last one year or so.
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RIL to make its own 4G mobile handsets
Reliance, which is set to launch its own 4G services, will make its own mobile phones and rely on cloud computing to reduce the price of its handsets.
Mukesh Ambani led Reliance Industries (RIL), which is set to launch its 4G services in India, will make its own mobile phones, according to a report of Economic Times.
In December last year we reported that RIL will offer Rs 3,500 tablets for its 4G customers. And now it has come out from its annual general body meeting as to how it wants to reduce the price of its devices.
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Mukesh Ambani keeps promise: RIL becomes debt free
Helped by a huge cash pile of over Rs 70,000 crore, corporate giant Reliance Industries has become a debt-free entity — a feat its billionaire chief Mukesh Ambani had promised to achieve about ten months ago.
At the end of last financial year ended March 31, 2012, Reliance Industries Ltd (RIL) had total cash balance of Rs 70,252 crore (USD 13.8 billion), as against an outstanding debt of Rs 68,259 crore (USD 13.4 billion) — making the country’s most valued firm debt free on a net cash basis.
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Nita Ambani, son pray at shrine of Lord Venkateswara
Mumbai Indians owner Nita Ambani, wife of RIL Chairman Mukesh Ambani and her son Anant offered prayers at the famous hill temple of Lord Venkateswara at nearby Tirumala today. Temple sources told PTI it was her second visit to the shrine in a week. Her earlier visit was on April 3, a day before the commencement of IPL 5. After prayers, Nita Ambani told reporters outside the shrine that she had come to the temple to seek the Lord’s blessings on the occasion of her son’s birthday and not for IPL.
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Reliance in trouble over secret documents
An official Secrets Act case dating back to the time when the two Ambani brothers had not parted ways has now come back to haunt the Reliance Industries.
A Delhi court on Monday framed charges against the company and its three senior executives for possessing secret cabinet documents. The police had found the secret government documents during a raid on the office of the company’s group president in 1998.
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Aamir Khan lavishes praise on Sachin at Ambani bash
Abhishek Bachchan’s humour packed speech for Sachin at Ambani function
Mukesh Ambani speaks about peace and productivity
Can business and spirituality be spoken about in the same breath? Mukesh Ambani proves to be a distinctive example of business tycoon engaging in spirituality. Spirituality gets one closer towards social responsibility. While corporate have associated themselves with philanthropic activities and other benevolent deeds, there are few who are known for their spiritual deeds. No more are corporate companies solely valued for their stock values. Society and people are concerned about the social responsibilities and the welfare programs that they cater to.
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