Mukesh Ambani - CMD, Reliance Industries Ltd.

Mukesh Dhirubhai Ambani – business tycoon, industry icon, respected leader… Many are the adjectives that can be associated with the Chairman and Managing Director of Reliance Industries Limited, India’s largest private sector company.

FAMILY
Born on April 19, 1957 in Yemen, Mukesh Ambani is the elder son of the legendary Dhirubhai Ambani. He grew up with 3 siblings, Anil, Dipti and Nina. The passion of their father was balanced by the softness and love of their mother, Kokilaben and the prudence and practicality of Mukesh Ambani’s wife, Nita. In subsequent years, daughter, Isha, and sons, Anant and Akash, were beloved additions to their home.

EDUCATION
Mukesh Ambani did his schooling from Abaay Morischa School, Mumbai and went on to earn a Bachelor of Chemical Engineering degree from UDCT, Mumbai. His choice of education reflected his father’s philosophy of investing in businesses of the future.

To prove to the world that Mukesh Ambani could do whatever he put his mind to, he applied and got accepted by some of the top universities when he applied for their Master of Business Administration course. Eventually, he chose Stanford University as his alma mater, but his growing entrepreneurial instinct urged him to drop out and help his father with his polyester plant.

Even while pursuing the challenging chemical engineering course, Mukesh Ambani was actively involved in his father’s company. As soon as he joined the company formally in 1981, he became one of the main impetuses for the company’s gargantuan progress.

EMERGENCE OF THE ENTREPRENEUR
Reliance’s backward integration from textiles into polyester fibers and further into petrochemicals was Mukesh Ambani’s brainchild. Reliance’s Jamnagar Refinery in Gujarat, which is now the world’s largest grassroots petroleum refinery, was directed under his watchful gaze. He was the force behind the creation of 51 new, world-class manufacturing facilities encompassing diverse technologies that increased its annual manufacturing capacity from less than a mission tons to over thirteen million tons. Currently, the refinery has a manufacturing capacity of 60,000 barrels per day.

Dhirubhai’s dream project, Reliance Infocomm, which is looked after by brother, Anil Ambani, after the company split in 2005, was also entrusted to Mukesh Ambani in its earlier stages.

Mukesh Ambani’s next strategy is to take a giant leap into the retail with stores across the country.

ACHIEVEMENTS AND ACCOLADES
Mukesh Ambani’s popularity clearly shone forth in 2007, when he was selected as Businessman of the Year by a public poll conducted by NDTC. In the same year, he was presented the United States-India Business Council (USIBC) Leadership Award for Global Vision in Washington D.C., USA as well as the Chitralekha Person of the Year Award by the Chief Minister of Gujarat, Shri Narendra Modi. The same year also saw him recorded as India’s first trillionaire.

Rewinding his life, Mukesh Ambani was chosen as Economic Times Business Leader of the Year in 2006 and ranked 42nd among the World’s Most Respected Business Leaders and 2nd among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in the Financial Times, London in 2004.

He was also conferred with the World Communication Award for the Most Influential Person in Telecommunications by Total Telecom and chosen Telecom Man of the Year by Voice and Data magazine in 2004. He ranked 13 in Fortune Magazine’s Asia’s Power 25 list of the Most Powerful People in Business and topped the Power List published by India Today for the second consecutive year.

LOCAL KING
In spite of managing the country’s biggest private sector company, Reliance Industries Ltd., Mukesh Ambani’s sight is currently on the Indian market alone. His vision is clear – he wants to expand rapidly within the country and change the lives of its people for the better. However, his focus extends beyond merely size increase to value generation and upscaling.

The MODERN INDIAN PHILANTHROPIST
Mukesh Ambani is regarded as the ‘modern day philanthropist’, whose paragon actions have inspired and cultured a socially sound community today. As the saying goes, ‘A man’s true wealth here-after is derived by the good he does in this world’; Mukesh Ambani has persistently held social welfare through corporate social responsibility (CSR) and charitable deeds in high esteem. He believes in industrious innovations that transform society; and that unless a business has a larger purpose that serves the millions readily, sustainable growth is impracticable.
The Reliance Foundation, spearheaded by Mukesh Ambani and his wife Nita Ambani, is one of India’s largest corporate run social organization that addresses social development imperatives of India; namely quality, formal and vocational education, affordable high-quality health care, meaningful rural development and urban renewal, and protection and promotion of India’s priceless heritage of arts and culture.

The VALUE CREATOR

Mukesh Ambani run Reliance Industries Limited has been accorded with the second position in the list of world’s 10 biggest ’sustainable value creators’. By generating the largest shareholder value in terms of market capitalization, Mukesh Ambani and Reliance Industries Limited, both, are held as the finest corporate entities of the world today.

Mukesh Ambani has for long regarded ‘value-addition’ process as primal to any business establishment. He affirms that unless a business admits value; in regards to its products, services, work force, shareholders and end users, a business’s worth is futile. With the influx of this belief into tangible action at RIL, Mukesh Ambani’s conviction has been proven true as Reliance climbs high on prosperity charts, becoming India’s most trusted and value-rich brands today.

THE STORY WITH NO END
Mukesh Ambani dons a cap with many feathers, but he carries them with grace and panache. At 53 years, his sheer energy is enough to take one’s breath away. Having achieved so much, Mukesh Ambani remains hungry for more. So, he continues to create, continues to build and continues to shine brightly on India’s business horizon.

The Reliance Digital store at Moments Mall Kirti Nagar, in the city of Delhi is all set to welcome actor Imraan Khan, Katrina Kaif and Ali Abbas Zafar today(5th September 5, 2011) at 5:00 PM. The actors and their team will visit the store for the promotion of their latest flick Mere Brother ki Dulhan. The cast is expected to interact with the crowd and media at the promotion event.

This Reliance Digital Store is the latest addition to the electronics chain. The store was launched on 3rd September. As a part of special launch festivities, Reliance Digital has put in place exclusive launch offers which range from price-offs and discounts to exchange offers. As a part of the ‘Mismatch Exchange’ scheme, customers can bring in their old refrigerators, washing machines and television sets in exchange for any of the latest electronic product from the store. Reliance Digital is also offering a special purchase scheme where customers can take home any product of their choice at an easy EMI of just Rs. 51. And every purchase will be backed by Reliance Digital’s customer support team at ‘Reliance resQ’, available 365 days a year.

About Reliance Digital:
Reliance Digital is a one stop shop with cutting edge technology for the entire range of household electronics, appliances, computers, gaming and telecom products. Reliance Digital Stores house over 150 international and national brands and over 4000 products. The range at Reliance Digital spans, Audio and Video products (TV’s, DVD players, Car Audio players), Electronic Musical Instruments and Digital Cameras, Gaming Consoles, Computers and Peripherals, Mobile and Fixed line instruments, Durables like, Air Conditioners, Refrigerators, Water Purifiers, Kitchen and Home Appliances.

Hyderabad January 26, 2012: Reliance digital, the consumer durables and electronics arm of Reliance Retail added yet another store in Hyderabad with the launch of a brand new outlet at Begumpet on January 26th ,2012.
The store is located at Gummidalli Commercial complex, above Reliance Trends.

This is Reliance Digital’s 12th store in Hyderabad and 56th in the country.

Reliance Digital is present across 23 cities in India, having successfully launched its stores in Mumbai, Delhi NCR, Bengaluru, Hyderabad, Kolkata, Chennai, Pune, Ahmedabad, Bhimavaram, Bhopal, Coimbatore, Hubli, Jaipur, Kanpur, Lucknow, Mangalore, Mysore, Nashik, Nagpur, Ujjain, Vadodara, Vijaywada & Vizag.

Spread over 7,800 sq feet of store space, Reliance Digital at Gummidali Commercial Complex offers consumers a choice of over 4000 products with over 150 international and national brands. The entire range of IT & Accessories, Consumer electronics, home appliances and mobile telephony products is available at Reliance Digital.

With the largest spread of products at various price points across all major product categories, Reliance Digital is a one stop shop for all technology solutions in the field of Consumer Electronics like Home theatres, Televisions, LCD TVs, digital cameras and music systems; Home Appliances like washing machines, microwave, Air Conditioners, refrigerators; Information Technology and Telecommunications like Laptops, mobile phones and the widest assortment of products and accessories of both national and international brands.

The store is equipped with specially designed experience zones where the customers can test and try live products such as MP3 players, Digital cameras, Laptops and mobile phones. Ample parking space at the store makes it even more convenient for customers from all parts of Hyderabad to come and shop. The store also caters to nearby catchment areas such as Airport Staff Quarters, PWD Quarters, Indian Airlines Quarters, Prakasam Nagar, Motilal Nehru Nagar etc.

Commenting on the new store launch, Brian Bade, Chief Executive Reliance Digital said, “The tremendous support received in Hyderabad over the years led us to open yet another store in the city. We are extremely delighted to open our 12th new Reliance Digital store in Hyderabad. We have got an overwhelming response from our existing stores and are pleased to extend the same shopping experience to our customers in Begumpet. The launch of this new store is part of our aggressive retail roll-out strategy which has helped us expand within a very short span of time. The store will offer cutting edge technology products under one roof, at the best value coupled by experience and excitement to our customers.”

The store is equipped with specially designed Experience zones like a TV Learning Wall, Home Theatre Room, Mobile & Laptop Experience Columns, where the customers can test and experience their favourite electronic products

With a focus to provide end to end solutions related to all technology products, Reliance Digital introduced ‘Reliance ResQ’ – an exclusive Service Center that provides service and extended warranty covering most of the leading brands at a cost as low as Rs. 2 per day. This service is available on all 365 days of the year making the customer care free about the repairs or maintenance for their valued electronics or appliances.

About Reliance Digital
Reliance Digital is the consumer durables and information technology concept from Reliance Retail. Reliance Digital seeks to fulfill the dream of every Indian, be it through its nationwide network of conveniently located stores or through its presence on the web, by providing a delightful shopping experience of products & solutions and helping them bring home the latest & best in technology from the widest selection at the lowest assured price with complete peace of mind through lifelong support.

With over 150 international and national brands and over 4000 products at amazing prices, Reliance Digital has the largest display of models to help you find the right solution that fits your lifestyle. The range at Reliance Digital spans, Audio and Video products (TV’s, DVD players, Car Audio players), Electronic Musical Instruments and Digital Cameras, Gaming Consoles and Games, Computers and Peripherals, Mobile and Fixed line instruments, Durables like, Air Conditioners, Refrigerators, Water Purifiers, Kitchen and Home Appliances.

At Reliance Digital, you get to touch, try and feel every product before you make your decision. The specially designed Experience Zones (for high-end entertainment systems like home theatres, televisions, home and car music systems) simulate exact conditions to familiarize you with your product. The trained staff will be only too happy to understand and advise on the optimum choice of products meeting your needs. What more, Reliance Digital is backed by Reliance ResQ, the service arm that is available for support all 7 days and fully geared to provide end to end solutions. For more information, log on to www.reliancedigital.in

About Reliance Retail Limited:
Reliance Retail Limited (RRL), a subsidiary of Reliance Industries Limited opened its first retail store in November 2006 and today operates more than 1,000 stores in over 86 cities, spanning 14 states and serving over 2.5 million customers every week. RRL is a multi-format retailer that operates
“Reliance Market – a concept for local traders and small businesses
” Reliance Fresh – a neighborhood store concept
” Reliance Super- a super mart concept
” Reliance Mart – a hyper market concept
” Delight – a non vegetarian offering
” Reliance Digital – a consumer durables and information technology concept
” iStore by Reliance Digital- an Apple specialty store concept
” Reliance Trends – an apparel specialty concept
” Reliance Footprint -a footwear concept
” Reliance Jewels – a jewellery concept
” Reliance Time-Out- a books, music & entertainment concept
” Reliance Living – a Furniture, Furnishing, Homeware and Home kitchen concept
” Reliance AutoZone – an automotive specialty concept

About Reliance Industries Limited:
Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of ` 2, 58,651 crore (US$ 58.0 billion), cash profit of ` 34,530 crore (US$ 7.7 billion), net profit of ` 20,286 crore (US$ 4.5 billion) and net worth of ` 1, 51,540 crore (US$ 34.0 billion) as of March 31, 2011.

RIL is the first private sector company from India to feature in the Fortune Global 500 list of ‘World’s Largest Corporations’ and ranks 100th in terms of profits. RIL ranks 68th in the Financial Times ‘FT Global 500’ list of the world’s largest companies. RIL is ranked amongst the ‘50 Most Innovative Companies – 2010′ in the World in a survey conducted by the US financial publication – Business Week in collaboration with the Boston Consulting Group (BCG). In 2010, BCG also ranked RIL as the second highest ‘Sustainable Value Creators’ for creating the most shareholder value over the decade in the world.

Reliance Digital, the multi-brand electronics retail chain from Mukesh Ambani-held Reliance Industries Limited (RIL), is set to launch its latest store in the city of Hyderabad this Republic Day. The new store will be the second Reliance Digital store for the city and will be located in the popular area of Begumpet.

Launching on 26th January, the new Begumpet outlet of Reliance Digital will play host to a vast range of festivities to celebrate the opening of the store. Customers can expect a great number of deals on the latest and the widest variety of electronic products. Moreover, every purchase at the store, between 26th and 27th of January, will be awarded with an additional gift voucher of Rs. 1000 at no extra cost.

Like every other Reliance Digital’s prodigious establishment across the country, this one too will host the time-honored qualities that Reliance Digital has come to be known for. The spacious building will house an array of electronics products within the categories of entertainment utilities, kitchen and home appliances, gaming devices and IT related devices and software. Reliance Digital’s ‘special experience zone’ will also be housed within this new store to let customers try and test a product in simulated home-like conditions. The store will also feature Reliance Digital’s much acclaimed customer service portal – Reliance resQ- to support customers with all their post purchase needs and queries. Above all, Reliance Digital guarantees a ‘15 day lowest price’ assurance on all electronic products, making sure customers get the best deals on best brands of electronic items.

About Reliance Digital: Reliance Digital is a value-driven electronics retail chain from Reliance Industries Limited’s (RIL’s) subsidiary Reliance Retail, offering a multitude of electronic products and brands to choose from. Spread over 10,000 sq.mt of space, Reliance Digital stores are well furnished, spacious, and carry over 4000 products of 150 brands from world over. Carrying a wide assortment of products from high-end LED and LCD TVs, microwave ovens, refrigerators, washing machines, mobile phones, laptops, gaming consoles and software, home appliances, mp3 players to even the smallest of IT based devices, Reliance Digital is a one-stop shop for all things electronic. Reliance Digital stores offer its customers the value proposition of having the lowest prices and best quality products.

This New Year’s, Reliance Digital Stores, the one stop shop for all kinds of electronic products has vowed to please its customers by launching new, exciting offers almost daily. Reliance Digital is offering a great prize on the purchase of New Sony PSP E 1004.

The offer ‘Pre-Order the new PSP E 1004 & get the free game: Cart Kings!’ starts from 20th January 2012 till 26th January 2012. Cart Kings is an amazing game designed to entertain children for hours at end. The comical characters and vibrant colors in the game attract young minds and keep then happily occupied for several hours. The PSP E 1004 is scheduled for launch on January 20th. You can pre-book your PSP E 1004 by paying a token amount of Rs. 500. This offer is valid strictly on first come first serve basis and one ought to hurry to avail it.

All those who are interested in availing this offer need to fill an Advance Booking form on the Reliance Digital Website. Personnel from Reliance Digital will contact the eligible applicants, who will then need to pay the advance token amount. Reliance Digital is also offering a gift voucher worth Rs. 500 after paying the token amount. The remaining amount needs to be paid on delivery of the product. Hurry! Offer valid till stocks last!

About Reliance Digital: Reliance Digital is the electronics arm of Reliance Retail. It offers all types of electronic items ranging from LCDs, LEDs, mobile phone, laptops, IT accessories, home theatres, home appliances and many more electronic appliances. It has a special technical support arm, the ResQ team which deals with pre-sales queries about all products, installation, and maintenance and repairs too. It offers complete product life support. Reliance Digital truly abides by its tagline, ‘We bring technology to life for you.’

Mukesh Ambani led Reliance Industries Limited (RIL) is all set to announce one of its biggest every share buyout programs, which could possibly become one of the biggest such programs in the Indian corporate history. This move to buy back shares comes at a time when RIL is looking to boost its share price which has walked on a receding graph over the last year. However, even in the anticipation of the event, RIL saw an immediate 5% shoot in its share price on Wednesday, increasing shareholder wealth between Rs. 11,950 crore to Rs. 2.54 lakh crore.

A buyback involves repurchase of outstanding shares by a company, either through a tender offer or an open market purchase, usually to off set the decline in value of shares available with the company by reducing the number of outstanding shares. While RIL has not yet specified the quantum of shares it is planning to buy back or a timeline, it has filed a notice with the exchange for its upcoming plans. Many industry analysts speculate that this buyout may just rescue RIL out is diminishing profit graph. According to Securities and Exchange Board of India (SEBI), a company is allowed to repurchase its shares worth up to 10% of its paid-up capital without shareholder approval and 25% with shareholder resolution. RIL’s proposed buy back corpus is estimated to be around Rs. 15,000 crore (without shareholder approval) or Rs.25, 000 crore (with shareholder approval).It is speculated that Reliance will make use of its $12 billion cash and cash equivalent assets to sponsor this buyout program. The last time Reliance Industries pulled off a major buy back plan was back in December 2004 when it repurchased and extinguished 28.69 lakh shares worth Rs. 150 crore.

If this program is to materialize in its absolute terms, it will not only boost RIL’s share price, it will also signal strong growth prospects to investors and promoters of the company, even if it chooses not to spend the entire corpus it has set aside for repurchase.Reliance has been trying to ramp-up the declining output from its prolific KG-D6 gas field, and because the process will take time to show favorable implications on RIL’s tock valuation, within that time, a buyout is being considered as good prospect. Also, if the estimated premium of 10-15% is being considered over current stock prices, the value of RIL shares could trail north in the range of Rs. 850-900 per share.

Reliance Digital, the one stop shop for electronic goods continues its exciting exchange bonanza. One such great exchange offer is available on Panasonic Mixers. The offer is promoted under the tagline,’ Fret no more to get the perfect grind!’ Let us check the details of this offer. You can avail a discount of up to Rs.1000 on Panasonic mixers in exchange for your old mixer grinder. The offer is valid on certain Panasonic Mixer models.

Why to select Panasonic Mixer Grinders? Panasonic Mixer Grinders are highly compact, powered by a 550W motor and have plump grinding bowls. All the jars in Panasonic Mixers have flow breakers. These enhance the grinding efficiency as they help push down the object which need to be ground, towards the blade. The mixer jars are dent resistant and long-lasting, given to their thickness. The best feature of Panasonic Mixers is its Magic Seal, which is a self-lubricating oil seal protection system that enhances the motor life and also prevents water from leaking into the motor housing.

Well, now that you know why to choose Panasonic, let me tell you why to choose Reliance Digital. Reliance Digital’s Exchange offer is valid on exchange of all old mixers, including the ones which are in a non-working condition. Reliance Digital is offering almost Rs.1000 even on exchange of old mixers which are not working, which I am quite sure no other consumer electronics store will provide.

You can avail this offer at the nearest Reliance Digital Store. To locate the nearest outlet, you can check the Reliance Digital Website, which is enabled with a ‘Store locator’ feature.

About Reliance Digital: Reliance Digital is the consumer durables and electronics retail arm of Reliance Retail, a major subsidiary of Reliance Industries Limited. It offers over 150 national and international brands and more than 4000 electronic products, under one roof. The value oriented consumer electronics retail chain has a technical support team, the ResQ Team. Reliance ResQ Team undertakes installation, maintenance and repair for all electronic items. Reliance Digital believes in providing the best customer service by offering cutting-edge technology at the lowest possible rates.

Reliance Digital, the consumer durables and electronics arm of Reliance Retail goes out of its way to provide enhanced shopping experience to its valuable customers. Reliance Digital regularly updates exciting offers at all its outlets across the nation.

This New Year’s, Reliance Digital presents an amazing offer on speakers and AV receiver. You can step higher into the world of listening to music. Reliance Digital offers Jamo 5 Speakers and Onkyo 308 AV receiver worth Rs. 46,800 for just Rs. 38,990. It is offering a discount worth Rs. 7810 on the purchase of these speakers and AV Receiver.

The offer is promoted with a tagline ‘Let each note strike a chord.’ The amazing discount intends to welcome more customers to purchase the great sound system. The attractive offer hosted by Reliance Digital expects to cater good quality audio system to its customers at a relatively low price.

About Reliance Digital: Reliance Digital, the one stop shop for electronic products is the electronics retail arm of Reliance Retail. Reliance Retail is a major subsidiary of Reliance Industries Limited. Reliance Digital Stores offer a wide range of multi-brand, high-end electronic products at the lowest possible prices. It houses TVs, LEDs, LCDs, laptops, IT accessories, softwares, gaming consoles, digital cameras, home appliances, mobile phones, tablets and all types of electronic items. Reliance Digital is popular for offering electronic products at the most affordable rates combined with amazing and exciting discounts and offers. Its widespread network of outlets has marked its presence in 17 major cities in India.

Despite the best assertions of oil ministry, Mukesh Ambani led Reliance Industries Limited (RIL) stands to recover costs it incurred in the development of its much talked about oil and gas acreage – KG-D6 fields, after gathering a majority support from stake holders in the gas field.
Oil ministry and its technical arm Directorate General of Hydrocarbons (DGH) have tried to prevent this from happening by stating that Reliance Industries can be penalized for fall in output from KG-D6 blocks which were vehemently noted to contain zealous resource acreage. However, RIL, along with other industry officials, have duly noted that geological constraints and uncertainty cannot possibly be gauged by any operator until they are knee deep in the actual process. KG-D6 failed to generate speculated oil and gas resources but, as per recent findings from a study conducted by RIL and its partner BP Plc, the region around KG-D6 continues to hold much promise as against any other field at present.
And while DGH would have liked to amend the action by enabling a resolution in KG-D6 Management Committee (MC), neither the government nor any state run firm has any stake in operations of KG-D6 fields. The MC takes a decision only if it is backed by parties representing at least 70% stake in the block, along with support from government nominee, if any. And if majority outranks the veto presented by a government nominee, the decision is taken in favor of the majority. Because KG-D6 does not have a government nominee, individual stake holders are the ones to decide the fate of KG-D6 cost recovery issue. At present RIL and Niko have stakes in D6 operations, while BP Plc, which signed a deal with RIL to claim 30% stake in its oil and gas acreage, is yet to formally join the production sharing contract (PSC).
DGH has claimed that operator RIL is at fault for not drilling enough wells but it has failed to overlook the extensive work that has gone into KG-D6 over the years. While output has not lived up to its expected mark, it has shown prospect for growth. Plus, this issue has brought to the shore the lack of government’s trust in oil and gas operators. While discrepancies arising from natural factors cannot be avoided or overlooked, government ought to show consideration for development efforts that go into functioning of a major undertaking as KG-D6.

Reliance Industries has been given a reprieve by the DGH in the KG-D6 basin case. The official Statement from the DGH states that INdian govt cannot stop Reliance Industries not recover cost from D6 basin.

Reliance Digital, the consumer durables and electronics arm of Reliance Retail, a subsidiary of Reliance Industries Limited hosts over 150 national and international brands of electronic products. Reliance Digital Stores offer more than 4000 types of electronic products. Whether you wish to purchase a LED TV, LCD TV, Home Theatre, Computer, Laptop, computer accessories or the latest Battlefield 3, Reliance Digital offers it all. It is known to offer the best electronic products at most reasonable rates.

Considering the number of brands which manufacture pen drives, external hard drives and memory cards, it is a really difficult task to choose the one that best suits your needs and budgets. Few of the leading brands which cater to the needs of storage media are: Samsung, Caselogic, iBall, Iomega, Seagate, Transcend, Moser Baer, Sandisk, Sony and many more.

Reliance Digital reviews these products to ensure that their customers are served only the best from each category. External hard disks are a major storage medium used in laptops, computers, notebooks, video recorders, gaming consoles, portable players, etc. The cost of the hard disk depends on its capacity limitation. It is useful when you need to store a large amount of data. Pen drives are removable, compact and non-volatile data storage devices. It is like a portable hard disk. Given to their compact size and light weight, pen drives can easily be pocketed unlike hard disks.

Memory cards or flash cards are data storage devices used for storing digital information and are commonly used in electronic devices such as digital cameras, mobile phones, laptops, MP3 players, gaming consoles, etc. Memory cards are used to extend the memory of a device. The dependence on communication technology is so high that memory cards are an essential for every individual. Unlike pen drives and hard disks, there is a higher demand for memory cards because of its use in mobile phones.

Reliance Digital stores, the one stop shop for consumer durables and electronic products is hosting an exciting exchange offer. India’s fastest growing retail chain, Reliance Digital outlets across the nation are offering the exchange bonanza under the banner, ’bye old, buy new’.

The unbeatable exchange offer is valid on smartphones, tablets, laptops, LED and Internet TVs and numerous home appliances. You can avail a discount of up to Rs. 4000 under exchange on smartphones and tablets which include Samsung Galaxy Tab P750, Samsung Galaxy S Plus and the Samsung-Windows phone – Samsung Omnia W. On the purchase of laptops, Reliance Digital offers up to Rs. 5000 off under exchange and an assured exchange bonus of Rs. 2000. This offer is valid on the following laptops: hp Pavilion G6-1201TX, hp Pavilion G6-1200TX, hp Pavilion G4-1200TU and many other models. What more, Reliance Digital offers these products at the lowest possible prices.

For LED and Internet TVs, one can win a discount of up to Rs. 10000 under exchange. The exchange offer is valid on numerous brands such as Sony, Samsung and even Reliance Digital’s own brand, Reliance Reconnect. Under the exchange offer, Reliance Digital is offering a rebate of almost Rs. 15000 on Side by Side refrigerators, Rs. 5000 on Front Loading Washing Machines and Rs. 2000 on Convection Microwave Ovens.

To get more details about the ‘Bye Old, Buy New’ offer, you can visit the nearest Reliance Digital Outlet. To locate the nearest store, you can use the store locator feature on Reliance Digital Website.

About Reliance Digital: Reliance Digital is the electronics retail arm of Reliance Retail, a major subsidiary of Reliance Industries Limited. It houses more than 4000 electronic products and over 150 national and international brands. Reliance Digital truly abides by its brand logo, ‘We bring technology to life for you.’ It offers cutting edge technology for the best possible rates available in the market. To enhance shopping experience for customers, Reliance Digital has specially designed ‘Experience zones’, which allow customers to touch, try and feel the product before buying it. LCD TVs, LED TVs, digital cameras, laptops, IT accessories, gaming consoles, home appliances and all the latest technological advances can be purchased at any Reliance Digital outlet.

3rd January, 2012: Reliance Industries Limited has divested its interest in ETV Channels to TV18 Broadcast Limited (TV18). RIL announced that Infotel, RIL’s subsidiary has inked a Memorandum of Understanding with TV18 and Network18 Media and Investments Limited. By signing the MOU agreement, Infotel gets preferential access to all content of the above mentioned companies, for distribution through the 4G Network being setup by Infotel.
Infotel is geared up to set a pan India world class 4th Generation Broadband Network. Infotel aims at gaining the topmost position in content distribution through broadband technology. It will cater digital content ranging from entertainment, news, sports, weather, education, and many more genres to increase Broadband usage across the nation.
Reliance Industries Limited has investments of about Rs.2600 crores by its group of companies and holds interests in various ETV channels. A part of these investments will now be divested to TV18 Broadcast Limited. The MOU allows Infotel preferential access to (i) the content of all the media and web properties of Network 18 and its associates and (ii) programming and digital content of all the broadcasting channels of TV18 and its associates on a first right basis as a most preferred customer.
Network18 and TV18 are raising funds for the acquisition of ETV Channels through a Rights Issue. Independent Media Trust, setup for the benefit of RIL will fund the promoters of Network18 and TV18 to enable them to subscribe to the proposed Rights Issue.
Reliance further plans to study the various areas of the Indian Markets which include consumer insights and technological expertise. This will help foster the alliance to its best, which will prove accretive to the shareholders of RIL.
India’s leading TV content provider with nearly 25 channels put together with Infotel promises high quality ‘live TV’ experience to broadband customers. Infotel broadband subscribers will receive value added services from Network18’s web portals and e-commerce operations. The concord between these leading companies will leverage the value of Infotel among stakeholders.
About Reliance Industries Limited: Reliance Industries Limited is the flagship company of the Reliance Group of Companies, India’s largest private sector enterprise. RIL is India’s first private sector company which featured in the Fortune Global 500 list of ‘World’s Largest Corporations’. RIL holds the 119th position amongst the world’s Top 200 companies, in terms of profit. In 2010, Reliance Industries Limited was the second highest ‘Sustainable Value Creator’, for creating the most shareholder value in the world.

Reliance Industries has divested its interests in ETV channel to TV18 broadcast limited. This step comes as Reliance wants to strengthen the foundation before launching its 4G broad band services under the Flagship company Infotel.