Arnab Bagchi – male, 31 years old, Bengali-origin – has gone missing from Kolkata. His wife, Vidya Bagchi, seven months pregnant, has been searching for her lost husband all over the country and her relentless search has now found a ray of hope in the city of Ahmedabad. Determined to unravel the truth about her husband’s sudden disappearance, Vidya now hopes to find answers to her questions in Ahmedabad and anyone who can help with any information can meet Vidya at Reliance Digital’s Pachwati store in Ahmedabad today at 4: 30 p.m.

Vidya Bagchi, played by, Vidya Balan is the lead protagonist of the upcoming Bollywood movie ‘Kahaani’, a story of a wife, seven month pregnant, looking for her missing husband in the bustling city of Kolkata. With nothing and no one to rely on except fragments of her memories about her husband, everything, every clue, seems to point to a dead end; to a point where everyone begins to doubt if Vidya’s husband actually exists or not. She slowly realizes that reality is not what it seems and there is more to the incident than meets the eye. Surrounded by lies and betrayal, Vidya is determined to get to the truth about her husband – for herself and for their unborn child – even at the cost of her own life.

Scheduled for release on 9th of March, Vidya Balan has been promoting her 5th female-oriented film across the country, by looking to find her husband din each city. Her next port of calling is the city of Ahmedabad, where Vidya Balan, in the character of Vidya Bagchi, will seek to find her husband with the help from people in the bustling metropolis. She will present at Reliance Digital’s Panchwati store in Ahmedabad today, 29th February, from 4: 30 p.m. onwards.

Her philanthropic endeavours are in-famous tales of social benevolence and humanitarian being, and once again Nita Ambani has shown that her support for the betterment of society, its people and those who strive to make a difference in the community is a never-ending quest and a life-long purpose. Visiting Unique Home, a home for destitute girls in Jalandhar, Nita Ambani was touched by the greatness, the efforts and the work done by its founder ParkashKaur, whom she now reverentially refers to as the ‘mother of 57 girls’.

ParkashKaur, a simple lady of strong virtues and courage, has been running the home for destitute girls for more than 20 years now.Ever since institution of Unique Home in 1991, ParkashKaur has taken in girls who have been abandoned and has looked after their well –being and rearing as her own daughters. Having been an abandoned girl child herself, ParkashKaur understands the plight and helplessness of young girls, and hence she has dedicated her life to the difficult yet noble mission of rescuing unclaimed new-born girls and abandoned girls, and giving them a secure home and future.Nita Ambani had previously met Parkash when the latter was being conferred with an award at Real Heroes Award function organised by CNN IBN for her humanitarian deeds, in Mumbai last year. Intrigued and inspired by the courage of this brave woman, Nita decided to pay a visit to the home on Thursday. “After coming here, I am not only touched but feel humbled by the simplicity and genuineness of ParkashKaur, who runs this home with the help of philanthropists in India and abroad”, exclaimed the first lady of corporate India.

Unique Home has two set ups and Nita Ambani visited both the set ups. She spent time with all 57 girls at the shelter, interacting and chatting amicably with them. The girls presented two dance numbers for their guest and even took her to the stage for a little Dandia.

Movedby the warmth and love she received from the girls at Unique Home, Nita Ambani fell short of words and remarked that she has been deeply touched and impressed by the confidence ParkashKaur has been able to bestow in every girl. “She is a lamp of hope and a real hero, and coming here has been a great experience,” she said.

Mukesh Ambani-led Reliance Industries Limited (RIL), an oil-to-retail conglomerate, has joined forces with Russia and East Europe’s largest petrochemicals company Sibur to facilitate development of butyl rubber production in India. The joint venture (JV) between both petrochemicals giant has been titled ‘Reliance Sibur Elastomers Private Limited’ and will work towards producing 100,000 tonnes of butyl rubber per year in Jamnagar, India. The joint venture will be the first manufacturer of butyl rubber in India and the fourth largest supplier of butyl rubber in the world.

While Reliance Industries will hold 74.9 per cent share in the JV, Sibur will account for the remaining 25.1 per cent. A facility for the JV will be commissioned by mid-2014, and is expected to call for an investment of approximately US$ 450 million. Nikhil Meswani, Executive Director of Relaince Industries Limited said, “The joint venture company is expected to post a revenue of INR23 billion to INR25 billion ($463 million-$503 million) in the first year itself and we are putting up this at the Jamnagar plant because of the ready availability of feedstock.” RIL and Sibur have also signed a licensing agreement whereby Sibur’s proprietary butyl production technology will be accessible to the JV. Sibur, it is expected, will develop basic engineering designs for the facility and will also train the JV’s personnel at its production site in Togliatti, Russia.

RIL is one of the largest producers of polymers in world. Its partner, Sibur, is known to have one of the most refined and high-end petrochemical process chains, including gas processing, production of monomers, plastics and synthetic rubbers to the processing of plastics. Collaborating with Sibur is a reflection on RIL’s part to make way for developing domestic capabilities in meeting demands for products like butyl rubber.

Given the rise in demand for butyl rubber, particularly from India’s automotive sector, the RIL-Sibur JV comes as a major boon for meeting domestic demand for the product. India’s automobile sector is one of the fastest growing sectors in the country. With rampant rise in production of two-wheelers, three-wheelers and four wheelers, the prospects of India becoming the hub of automotive sector are very promising. At present, India’s automotive industry requires 75, 000 tonnes of butyl rubber every year, a requirement presently being satisfied by imports. Following institution of RIL-Sibur joint venture, the demand for butyl rubber could be met domestically, with possibilities of export opportunities as well.

Mumbai, February 18th 2012: Following the success of its existing digital stores, Reliance Digital, the consumer electronics & durables arm of Reliance Retail announced the launch of its fourth store in Mumbai at Phoenix Market City, Kurla on Lower Ground Floor, LBS Marg, on February 18, 2012.

The swanky new Reliance Digital store at Phoenix Market City is spread over 9740 sq.ft, and is every shopper’s delight, offering consumers an excellent choice of over 4000 products with over 200 international and national brands. The complete collection of Consumer electronics like the latest LED & LCD TVs, Home Theatres, Digital Cameras, Mobile phones, IT & Accessories, as well as the entire Apple range are available under one roof at Reliance Digital.

Co-stars of the film “—–

On the occasion of the new store launch in Mumbai, Brian Bade, CEO, Reliance Digital, highlighting the brand’s offerings said “We are delighted to open our 4th Reliance Digital store in Mumbai. We have got an overwhelming response from our existing stores in Lokhandwala, Vashi and Thane and are pleased to expand the same shopping experience to our customers in this part of the city. Thanks to the loyal customers Reliance Digital now has 57 stores in India and we look forward to open new stores in the coming months.

Reliance Digital, the electronics subsidiary of Reliance Industries Limited is film stars’ favorite place for the promotion of their latest movies.
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.

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 200 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.

The eventual realization of the deal between Mukesh Ambani-owned Reliance Industries Limited (RIL) and Robert Dudley-led London based energy giant BP Plc. was recently acknowledged by the UK based business and finance publication Euromoney as one of the winners of Euromoney Deals of the year 2011 award.

The $9 billion deal, which caught global attention for its sheer scale and scope, was one of the most talked about and scrutinized deals of 2011. It saw the coming together two of the most powerful energy-based companies in the form of a mutually beneficial partnership across the full value chain that made headlines across the world. This deal involves BP taking a 30 per cent stake in 23 oil & gas production sharing contracts, that Reliance operates in India, including the active KG D6 block (one of RIL’s many major undertakings) and the formation of a 50:50 joint venture between the two companies for the sourcing and marketing of gas in India. The joint venture will also endeavour to accelerate the creation of infrastructure for receiving, transporting and marketing of natural gas in India, as indicated in respective company statements regarding the deal. BP has paid Reliance Industries Limited an aggregate consideration of US$7.2 billion and future performance payments of up to US $1.8 billion with respect to development of commercial discoveries.

The deal has been monumental for many reasons. For one, the transaction has resulted in one of the largest foreign direct investments (FDI) into India. The partnership, spanning across 27,000 sq.km of acreage, is India’s largest private sector holder of exploration acreage. While RIL has been able to gain access to the cutting energy exploration technologies by BP, the latter now holds a key to explore the prolific opportunities that lie in energy rich regions of the country. Consequently, by combining RIL’s exemplary management skills with BP’s sophisticated technological skill sets, the Reliance-BP deal will be seen harnessing energy resources of India in possibly the most sustainable way, including energy development prospects in Reliance KG D6 fields.

On a more sentimental level, this deal has shored up the reputation of both signing partners. For BP, this deal has bleached out just about every stain that mottled BP’s reputation following the Gulf of Mexico spill. At the same time, RIL was able to silence the many voices that questioned its capabilities as an erudite player in the Indian energy sector.

Mukesh Ambani-led conglomerate Reliance Industries Limited (RIL), India’s largest private sector company and second largest in terms of market valuation, has roped in a leading British national to head its refinery division. The world’s largest refining complex run by Reliance Industries will now be headed by Tony Fountain, ex-chief executive of the Britain’s Nuclear Decommissioning Authority and one of UK’s highest paid civil servants.

As the new CEO of Reliance’s flagship business, Tony Fountain’s primary objective, as speculated, will be to shore up RIL’s refining capabilities and improve refining margins which have been gradually contracting since the last few years. Additionally, the new CEO, within his sphere of power, will be expected to empower RIL’s business heads, bring on-board new and diverse global talent and create a more agile and responsive structure to deliver better value at every level of refining operations. PMS Prasad, who previously headed Reliance’s refining division, will continue to hold his position as the oil and gas refinery head at Reliance, however day-to-matters related to the functioning and operations of the division will be the onus of Tony Fountain from now on.

Tony Fountain comes from a heavyweight corporate background and has held many significant positions at leading global organisations. He is an Oxford graduated economist and has served more than 25 years at British Petroleum (BP Plc.). He held the Group responsibility for BP’s Strategy, Planning and Performance Management, following which he took over the role of the chief operating officer of BP’s Fuels Value Chains business, responsible for the strategic and operational leadership of BP’s integrated businesses in the Eastern Hemisphere. He was also the president of BP’s North American power unit. He moved on to join Nuclear Decommissioning Authority, the taxpayer-funded body responsible for dealing with Britain’s estimated £73 billion radioactive decommissioning and clean-up of 19 civil public sector nuclear sites, as its chief executive in 2009.

Taking the reins of one of the world’s largest refining operations facility, Tony Fountain is expected to optimize Reliance’s efforts and improve its output producing capabilities. At present, Reliance’s refining business is bigger than most listed operators in India. Its Jamnagar complex is one of the world’s largest with refining capacity of 27 million tonnes per annum (540,000 barrels per day) and one of worlds the highest refining complexities in the world, standing at a mark 14.0.

On the backdrop of the multibillion dollar deal between the IAF(Indian Air Force)& French aviation conglomerate Dassault Group for the purchase of 126 Rafale jets, the Indian defense sector woke upto a one more stirring news on Sunday. After securing the title of “Preferred Bidder” for the purchase of 126 Medium Multi-Role Combat Aircraft (MMRCA), Dassault has signed a MoU with Reliance Industries Limited for collaboration in the Indian defense & homeland security sector. Officials from the companies have commented that they plan to develop a lot of opportunities through complex manufacturing & support facilities.

Unverified sources stated that there is a possibility that the two corporations could work together in the Rafale deal, which marks the first time a private Indian entity will be directly working for any of the Indian defense services. This is a significant development, given the fact that the MMRCA purchase is slated to increase in volume, as the IAF could place an order for 63 additional jets, as a part of its modernization plans.

Vivek Lall, who heads the aerospace and security division at Reliance, is known to have played a key role in this deal. Vivek was at the head of the Boeing pitch for this deal with the IAF, but could not, unfortunately, see it to its closure. Lall’s presence at RIL is important, as he has been actively associated with the aerospace industry majors like NASA & Raytheon. He was recognized at Cambridge, England, as one of the 2,000 outstanding scientists in the 20th century. The former head of Boeing’s defense business, quit his job last May to join RIL to head its then yet-to-be-announced aerospace and homeland security division.

Reliance envisions that having Lall in its fold “would help drive the company’s efforts to partner with global leaders in homeland security to bring latest technologies and innovation to the country”. Conservative estimates suggest India to be the world’s biggest importer of arms and is looking to spend nearly $112 billion in the next five years to buy defense equipment ranging from arms to fighter jets.

This is the first time; a major Indian corporation will look to invest in the defense sector. A lack of access to competitive & cutting-edge technology was a major hurdle for all Indian companies, and the government has preferred not to rock the boat in a critical space like defense aviation. The deal, if successful, promises to expose Indian engineering firms to valuable insights into the global defense array.

Reliance Digital, the large format, multi-brand, consumer durables & electronics retail store chain from Reliance Retail has come up with special offers on LED TV’s and accessories with ‘Be Dazzled’.

Customers can avail these offers on various LED TV’s and TV accessories. Special offers are also available on latest gadgets like the Xbox 360 and Samsung Galaxy tab. The offer kicks off on February 4 2012 and will be available at Reliance Digital Stores across the country.

Customers can avail a discount of up to INR 6000 under the exchange. In addition there is a 25% discount on extended warranty and a 15 Day Lowest price guarantee* which provides customers the assurance of lowest price for their purchases.

More details are available on the website www.reliancedigital.in

About Reliance Digital: Reliance Digital is the CDIT (Consumer Electronics, Durables, IT & Telecom) retail arm of Reliance Retail Group. It spans across 31 stores across 17 cities within the country with an average store space of around 10,000 sq. ft. Reliance Digital sells a wide range of CDIT products & solutions ranging from High-end LCD, LED & Plasma Televisions, Refrigerators, Washing machines, Microwave Ovens, Digital Cameras, Laptops, to small items like IT accessories, HDMI cables & Pen drives. It also sells the entire Apple range.
Products purchased from Reliance Digital are backed by Reliance ResQ, a ‘one-stop’ service centre that takes care of all pre & post purchase service solutions regardless of the brand purchased. ‘We bring technology to life for you’ is Reliance Digital’s brand-promise, indicating its commitment towards demystifying the complications & confusions of various new products & technologies for the consumers and making it easy for them to select the solution that is best suited to their needs & budget.

Taking one more step towards realizing its global ambitions, Mukesh Ambani-led Reliance Industries Limited (RIL) has cited plans for expanding its Jamnagar facility so as to double its petrochemicals production within the coming years. The Jamnagar phase three expansion project, popularly called as the J-3 mega petrochemicals project, is the latest of the ambitious plans RIL has in store as it looks at advancing its position in the global market. In order to fulfil this ambition, Reliance Industries has approached Italy based insurance and finance group SACE Spa, which has guaranteed a US$ 400 million equivalent loan for the expansion and upgrading of the production capacity of its petrochemical plants.

The expansion plans for Jamnagar facility approximate an investment of US $11 billion. The announcement of this latest undertaking was made at the signing ceremony hosted at SACE’s Headquarters in Rome, Italy. Commenting on the occasion was the CEO of SACE, Alessandro Castellano, who said, “SACE’s guarantee is both a relevant growth catalyst and an important leverage for the competitiveness of Italian exporters, along with quality and price of products. The deal confirms our partnership with a key global player like Reliance Industries and paves the way for a further promotion of trade-related business between Indian and Italian companies, particularly the large number of small and medium-sized enterprises operating in the country.”This deal is the 4thconcluded with Reliance Industries since 2004 and brings to US$1 billion the overall credit facilities backed by SACE for the conglomerate.

The mega-ambitious project will look at setting up of petrochemical units, a gasification plant and refinery off-gas cracker, among others. On realization, this project is likely to fire Reliance’s production graphs and position the conglomerate in an advantageous position. Additionally, SACE will continue its role as the business facilitator in India by making its way into the Indian subcontinent to regulate operations in South Asia.

This deal comes through soon after RIL noted its plans for buying back equity shares to shore up its Share prices. Now termed as the largest every buyback plan in Indian corporate history, RIL’s plans is signalling promise to its shareholders and investors of the fact that the company is will go lengths to retain the integrity of its share price which makes the company India’s most valuable.

The Dhirubhai Ambani memorial, instituted in the name of the founder and ex-chairman of Reliance Industries Limited (RIL) Dhirubhai Ambani, will be opened to public from February 3rd onwards. Located in the small town of Chorwad in Junagadh district of Gujarat, the memorial, which was inaugurated by the Ambani clan and members belonging to the Reliance family on December 28th(birth anniversary of the Dhirubhai Ambani), will be opened to public viewing in the presence of family matriarch Kokilaben Ambani, wife of Late. Dhirubhai Ambani and Reliance Industries group President ParimalNathwani.

The memorial was inaugurated with much fan-fare on the 80thbirth anniversary of Dhirubhai HirachandAmbani on December 28th 2011 by the Ambani family’s spiritual guru Ramesh BhaiOza. Along with all the members of the Ambani family, 150 members of Reliance group and those associated with the family were also present to induct the ceremonial opening of the memorial.

The memorial has been instituted within the complex where Dhirubhai Ambani spent most of his childhood. It was in a rented section of the bungalow (then called ‘MangarolwaloDelo’) where Dhirubhai Ambani and his family used to live. The patriarch went on to purchase the bungalow in 2002, which is now renamed as ‘DhirubhainoDelo’.

The memorial complex has three sections, comprising a picture gallery, the old residence of Dhirubhai Ambani and an auditorium for screening a short film on Dhirubhai’s life to the visitors of memorial. The original structure of the house has been kept the same while some portion has been converted into a museum of sorts. The founder of Reliance has been immortalised in an array of sepia toned pictures which stand symbolic of his life-journey and that of Reliance. The section of the complex which used to be the residence of the Reliance patriarch has been re-structured to resemble the actual residence from his time.

Dhirubhai Ambani -the founder of Reliance –is well-known for pioneering India’s biggest and most renowned private sector company for nearly forty years. From what could be seen as a modest start as a small time trader to instituting one of the most revered companies in the Indian business quarter, Dhirubhai Ambani’s life journey is that of inspiration. He is credited with having rolled out a business model that companies follow even today in an effort to reach at the top of the ladder of success once held by the Ambani patriarch himself.