Mukesh Ambani owned Reliance Industries Limited (RIL), India’s most valuable company by market capitalization, has invited bids from telecom tower operators willing to lease out around 26,000 towers across India for its subsidiary Infotel Broadband Services Pvt. Ltd. RIL has been testing 4G technology in some areas and in an effort to unroll their 4G broadband services nationwide, it has called for bids in regards to this aspiring Broadband Wireless Access (BWA) venture.
Viom Networks Ltd, India’s largest independent telecom tower company and GTL Infrastructure Ltd are likely put in their bids with this mega-conglomerate in an effort to rope in the power house as their prospective clients.

Infotel Broadband Services won the pan-India spectrum for broadband wireless access (BWA) last year. RIL acquired 95% stake in Infotel, thereby making its re-entry in to the telecom quarter. Infotel was able to acquire air-waves in 22 circles in a government auction, following which, it raised $1 billion through ECBs to refinance loans availed for paying fee for Broadband Wireless Access (BWA).

“Infotel is in the process of finalizing the arrangement with leading global technology players, service providers, infrastructure providers, application developers, device manufacturers and others to leapfrog India to the 4G revolution,” RIL had said in a statement issued on 21 January, while announcing its results for the quarter ended 31 December.

Currently, RIL is finalizing vendors who would supply broadband equipment based on the so- long term evolution (LTE) technology so as to roll out wireless broadband services by the end of 2012.

Last year, India announced a National Broadband Plan with the intention of connecting close to 160 million households as compared to the present estimate of 10.3 million.
This venture will mark RIL’s successful entry into a new found sector with a resolute footing. For long, Reliance Industries has been eyeing to foray into newer avenues and seek better investment opportunities following a remarkable growth in the core industry sector. Through Infotel, Reliance will not fulfill its dreams of embarking in new category but will also be able to generate exceptional brand equity that is a derivative of its name.

Reliance TimeOut, a specialty format under the Reliance Retail subsidiary of Reliance Industries Limited (RIL) recently collaborated with Popular Prakashan, the quintessential publishing house of India, to launch the book, ‘The Best of Epicure’s Exciting Vegetarian Cuisines’ by the queen of vegetarian cuisines Asha Khatau. The book was launched at Reliance TimeOut outlet at Korum mall followed by an interactive session with author Asha Khatau and a live demonstration of International vegetarian cuisines.

Popular Prakashan boasts of some of the finest literary works of Indian authors; including Sanjeev Kapoor’s Khazana of Indian Recipes, The Man Who Divided India by Dr. Rafiq Zakaria, The Britannica Quiz Master Series and many more. Though this magnificent offering in association with such a reputable publishing house, Asha Khatau has expanded the horizons of vegetarian cuisines which was formerly restricted to old school Indian cooking epithet. With over 250 recipes collected from all over the world, there is a recipe for every palate. Mr. Deepinder Kapany, Head of Reliance TimeOut was quoted saying, “At Reliance TimeOut, we have always been very active in hosting the most exciting and engaging events and book launches for our customers. I am sure that our customers will love this book and will be able to add new flavors to their cuisine.”

Asha Khatu was pleased to be offered such a grand platform for her to bring forth this book, which is not only epicurean in theme but also effortless in purpose. Asha Khatau could not contain her gratitude towards the wonderful event put forth by Reliance TimeOut while paying homage to their welcoming macrocosm.

Reliance TimeOut has honed many such remarkable events, as a part of their endeavor to elevate and promote excellent authorship and works of art. They have time and again brought forth authors and writers from varied fields to interact with audiences and offer their valued insight. These sessions are one of Reliance TimeOut’s strongest USP’s.

What brings people back to a store like this is the value that it exudes in its function. Through their excellent product range, warm environment, comfortable recreational area and friendly staff, Reliance TimeOut has made a mark in the hearts of many in a short span of time. It is no surprise then that this ‘one-stop destination offering from the reputed house of Mukesh Ambani owned Reliance Industries is perhaps the most well-disposed establishment in function today.

Reliance TimeOut, a subsidiary of Mukesh Ambani owned Reliance Industries Limited’s Reliance Retail, hosted a choir contest in Bandra, Mumbai which saw some of the best talent from the world of music flock the venue with immense zeal.
Reliance TimeOut Choir Contest had 3 categories – Solo (Age groups 10-15, 16-20, above 20), Duets and Quartets. The Duet and Quartet category saw maximum enthusiasm from participants and audience alike, making the evening a truly melodious and memorable one. The winners of the contest in respective categories were awarded Rs. 30, 000 worth cash prizes.
In an effort to encourage new talent and celebrate good music, this initiative by Reliance’s specialty store was a tremendous feat accomplished. The participants and audience present at outlet were enthralled and excited to have an opportunity present their choir members at such a platform. The mood of the event was festive and one of jubilation as everyone joined in to cheer and sing along with the participants. Reliance TimeOut saw a good footfall following this event as people flocked in large numbers at the one-stop shop for some ‘time-out’.
Reliance TimeOut is a specialty store of Reliance Retail that offers books, music, stationery, toys and gifts, all under one roof. The store, from time to time, offers book enthusiasts with the opportunity to interact with their favorite authors through book reading sessions held especially for them. The store also features music launches for some of the most famous names in Indian and global music arena. A wide range of products pooled together with services such as the Cafe, Kid’s Play Area, Sound Domes, and Reading Bar offer truly a world class environment that has helped the store win the hearts of over 1 million customers in short span of time.
An initiative like this on behalf of house of Reliance is indicative of the values that Reliance wishes to promote. Appreciation and celebration of music, brought under one roof, is an endorsement that people feel warmly about and is something worth encouraging time and again.

Hamleys- one of world’s largest toy stores- is set to storm Indian market under its tie-up with one of India’s largest retail brands- Reliance Retail.

A lucrative subsidiary of Mukesh Ambani owned Reliance Industries Limited (RIL), Reliance Retail is a strong arm extension of this private major. Currently, it operates in 1,000 stores in more than 85 cities across the country.

Under its tie-up with the UK based toy store, Reliance Retail launched the first Hamleys toy store in Asia in the city of Mumbai in April 2010. Reliance Retail President and Chief Executive Officer Bijou Kurien reported that, “Our first store in Mumbai which is spread across 21,000 square foot has got a very good response. It was a pilot store. Now this is a large store. With this we have plan to open 18 stores in India over the next seven years.”

Hamleys as a brand is a very strong and reputable. The flagship store is considered one of London’s major tourist attractions, and receives about five million visitors a year. The USP of such a mammoth like establishment lies in its superior range of products, variety and quality.

As far as Indian toy market is considered, it is presently valued at Rs. 15,000 crore, growing annually by almost 15%. Fueled by a vast domestic market, the industry has now turned its attention to global markets and is fast gearing up to meet international demands.

In an effort to realize this expectation, Reliance Retail has joined forces with one of world’s top toy marketers as a part of expanding its footprint. The new stores in India will be launched under ‘Pilot Store-Large store’ category, spread across 11,000 to 21,000 square feet of space.
Hamleys Global CEO Gudjon Reynisson said that the company holds all ‘local partnerships’ for merchandising their toys in any country where dearly. And an opportunity to spread out alongside India’s largest retail brand is an added incentive.

While Reliance Retail will guide the process through their extensive knowledge of domestic market, cultural diversities and distribution network, Hamleys will provide the merchandises and also give creative direction to the whole course of action.

A powerful confluence of heads of state, business men from affluent enterprises, political, media and religious leaders, and NGOs from 50 different counties gather every year in the little town of Davos in Switzerland to discuss and work out world’s economic problems.
This year’s summit saw India Inc. shine out overwhelmingly as the likes of Mukesh Ambani and many other top level corporates joined in with full garrote. The Indian contingent, strong by almost 95 uber-powerful representatives, saw a team comprising of Reliance Industries Limited’s (RIL’s) Mukesh Ambani, head of India’s largest private sector holding, in addition to Nikhil Meswani, Azim Premji, Chanda Kochchar, Anand Mahindra, Sunil Mittal, Francisco D’Souza, Adi Godej and many more.
The main attraction at this year’s summit is set to be CII’s ‘India Inclusive’ campaign, which aims to raise India’s profile as a vibrant democracy, a fast-growing stable economic power, and a hub of culture and art. The campaign plans to bring the best of India in business, politics, arts and culture, social entrepreneurship, science and technology. This feat will be spearheaded by Reliance’s Mukesh Ambani.
India is very much the buzzword as every meeting; every party has Indian representatives in favorable light. The word around the summit was all about the growth stories and prospects that India hones so dearly. The USP that Indian economy is currently carrying in the eyes of global investors is suggestive of Goldilocks, where growth is high yet stable and sustainable, making it an attractive investment destination. And its growing emphasis on inclusive development is likely to aid India’s dynamism in the decades to come.
Area’s like banking food, energy and climate will be the primary focal points of renovation for India. As the chief architects of modern Indian economy join forces, it can very well be assumed that the likes of Mukesh Ambani and related associates will navigate India to a bright economic future. Even though the economy currently battles the problem of price rise and infrastructural backwardness, it is through intellectual inputs and monetary push by these mighty men that India Inc will splash ahead.

To see a woman so graciously hone motley of responsibilities, culture every task entrusted upon her with careful scrutiny, be a luminary to society and its people and still find time to make a wonderful home for one of the most powerful man in this world is something that only a woman like Nita Ambani can pull-off with such incredible charisma.

Being the wife of Mukesh Ambani, head of India’s largest private sector conglomerate Reliance Industries Limited, comes with tremendous responsibilities. Never the less, it is only a charismatic person like herself that could fit the bill so flawlessly and elegantly. This mother of three is a fastidious woman of the house who is an absolute disciplinary and a nit-picker of punctuality. It is these qualities that empower her to run a long-drawn-out list of tasks that range from overlooking the philanthropic arm of Reliance, NGO ‘Drishti’, the workings at Dhirubhai Ambani International School and even manage a full-fledged IPL cricket team. Overlooking so many varied aspects of being Mrs. Mukesh Ambani is something that Nita Ambani does with the prowess of superman but on high-heels.

She has a lot going for her, especially post the IPL player auction and finalization of Mumbai Indian cricket team which she owns and manages. She has devoted lot of time and energy in cultivating a team that is time-honored, proficient and amplifies her work ethics. It only goes on to underline how much importance she gives to sports and competency in its function, and values trust ethics – something that rubs off on her from the Reliance home turf.

Her work as a philanthropic member of society has garnered for her a lot of admiration and appreciation from people of all walks of life. She has devoted her life to doing something good for the underprivileged children and youth, so as to empower them with skills that will outline a better future for them. Even if it means having to run Mumbai Marathon to create awareness and gather support for the cause or playing Santa to kids whose childhood has gone astray by handing out toys and education opportunities – her efforts are laudable.

Here is a woman who knows what her name is capable of bringing about and she ensures that with all that responsibility and power, she is doing something good for the society. A homemaker, a devoted mother, a classy wife, a wonderful patron and a woman full of chutzpa-these are just a few things that make Nita Ambani the amazing woman that she is.

Spearheaded by Mukesh Ambani, India’s largest conglomerate Reliance Industries Limited (RIL) reported a record growth of 28% in its quarterly net profit as it earned more dollars for each barrel of oil it refined as demand from recuperating western countries boosted the petrochemicals business to its best-ever performance.

Due to strong Gross Refining Margins (GRM) and high selling price of crude oil, the company was able to enjoy a tremendous profit amount that borders on Rs. 5123 crore in its Q3, making this the company’s highest quarterly profit in three years. RIL, the largest company in terms of market value, accorded an overall growth of 77% in pre-tax profits this quarter via its refining arm alone.

Reliance Industries runs the largest refining complex in Jamnagar, Gujarat. With robust refining capacities, the decision of the company to boost GRM by $9 in its December quarter as compared to $5.9 in previous quarter allowed for a staggering profit of nearly $3 per barrel of fuel produced.
As developed countries regained their form after a period of slow down last year, price of crude oil rose to nearly 14 percent in the fiscal third quarter. Thereby, RIL was able to accumulate net sales of Rs. 59,789 crore (an increase by 5%) during the quarter, which was further boosted by its petrochemicals business, which contributed Rs 15,962 crore in gross revenue, a growth of 8% compared to the corresponding quarter last year.

Commenting on this feat, Mukesh Ambani said, “Reliance had another record quarter as both refining and petrochemical margins continued to improve and for certain products, recorded historic levels. Robust demand growth in home markets and highly competitive assets enabled Reliance to have industry leading operating rates and margins.”

It is likely that this trend of GRM will continue into the next quarter as well. Permanence of this trend will enable Reliance to invest in its shale gas category which it has caught many scrutinizing eyes in recent times. Also, investments in broadband subdivision of Infotel Broadband Services will open new frontiers for Reliance Industries to tap.

Reliance Brands Ltd, a subsidiary of Mukesh Ambani owned Reliance Industries Limited (RIL), has signed an exclusive long-term licensing agreement with ‘Quiksilver Holding’, a fully owned subsidiary of Quiksilver Inc- the world’s leading outdoor sports lifestyle company- to launch its core brands ‘Quiksilver’ and ‘Roxy’ in the Indian sub-continent. Quiksilver Holding designs, produces and distributes a diversified mix of branded apparel, footwear, accessories, snowboards and related products. The company’s Quiksilver, Roxy, DC, Lib Tech and Hawk brands are some of the most sought after brands in the global market today.

Reliance Brands plans to set up 6 new stores under this agreement within the year 2011, with an offering that includes sports apparels, accessories and footwear. Targeted at the age group of 16 to 25 years, ‘Quiksilver’ and ‘Roxy’ will bring to the table a range of products that capture the aspirations, sensibilities and mood of this age group. These brands are almost synonymous board-riding culture of surfing, skateboarding and snowboarding; an adventure sports segment that is currently quite untapped in Indian subcontinent. What’s more is that they stand for creativity, confidence, progressiveness and adventure; qualities that hone a sweet spot within this target group.

The essence of ‘Quiksilver’ and ‘Roxy’ lies in its appeal and form. Having expanded from boardshorts to offer shirts, t-shirts, pants, jackets, footwear, hats, backpacks, eyewear and other accessories for young men, Quiksilver is committed to ensuring its products blend functionality, innovation and durability. Similarly, ‘Roxy’ is all about fashion and comfort for the adventurous and free-spirited young girls, with innovation of design minted in simplicity. Coined with Reliance’s excellent market tapping abilities, it is likely that these two brands will create quite the storm in sports apparel segment.

Reliance Brands handles international and local brands in the premium and luxury segment across apparel, footwear and lifestyle businesses under the umbrella of Reliance Industries. Darshan Mehta, President & CEO, Reliance Brands Ltd. said, “Boardriding, one of the most sought after adventure sports, is increasingly perceived as a state of ‘new cool’ by the youth globally. Our association with Quiksilver will introduce a casual, fun and adventurous lifestyle to the discerning Indian youth. We are very excited about the association which promises to pioneer a global youth trend across the region.”

Reliance Retail’s consumer durables and electronics arm, Reliance Digital, is revamping its image to become customer convenient. Reliance Digital, by conceiving a new brand slogan-’We bring technology to life for you’ is drawing this revamping exercise to provide customers with a well differentiated value and experience.

The brand has revamped its website, www.reliancedigital.in, to make it more interactive and informative. Customers who visit the site and fill in their details get special discounts on products when they shop at the store. Reliance Digital in the first phase of the revamping its brand, will focus on top metros and satellite towns, and cover around 150 cities in the second phase.

Reliance Digital which currently has 27 stores across Mumbai, Delhi, Gurgaon, Ghaziabad, Jalandhar, Bengaluru, Mangalore, Hubli, Hyderabad, Vijaywada, Vizag, Secundrabad, Chennai, Ahmedabad, Vadodara, Nashik and Nagpur plan to focus on the country’s top metros and satellite cities in its Phase I expansion, and 150 cities in Phase II. The first Reliance Digital outlet to have undergone a revamp is the Vashi store in Mumbai which now claims to be more customers focused, convenient, informative and service oriented. It also has an Experience Zone to help customers feel, enjoy, test and try the products.

Reliance provides consumers with a wide range of high quality products at competitive prices. Reliance Digital has geared itself to be completely customer centric in its offerings and services. They offer wide range of state-of-the-art CDIT products to our customers and make it easy for them to understand and use its products.

Reliance Digital has set themselves high targets and standards so that their customers get the best at our store through products, solutions, service and a life-long relationship. Since its inception in 2006, Reliance Retail has grown into an organization that caters to millions of customers, thousands of farmers and vendors.

According to the study conducted by Motilal Oswal Financial Services, Reliance Industries Limited (RIL) spear headed by Mukesh Ambani, has topped the list of the most successful wealth creators from FY05 to FY10 followed by ONGC and NMDC close behind. The study reported that Reliance has been largest wealth creator for last 4 studies continuously, making it one of the most successful and prosperous enterprises running in India today.
India`s top 100 wealth creating companies created over Rs 26,000 billion of wealth in the last 5 years. Reliance Industries contributed Rs 2,600 billion to the pool.
RIL’s share price has grown at a compounded annual rate of 37.1% over the past five years. It is being followed closely by realty firm Unitech and Hero Honda, but Reliance’s benevolence facet will keep it ahead enough to lead the pack.
With consistency in wealth generation, valuation of share prices and generally high level of goodwill that is attached to Reliance, it can be predicted that it will be able to manage a successful a stride in the next few years as well. The current firm trend in crude prices is likely to ensure no major change in the above equation of standing for some more time to come.
This claim to prominence has been completely attributed to the rigorous efforts put in by Reliance head Mukesh Ambani and his team of excellence proprietors, who have worked strategically and innovatively in generating brand equity in terms of goodwill and wealth alike. Ranging from successful business venture to philanthropic agendas, reliance managed to stay afloat even in the time of economic turmoil due to this goodwill equity and has, therefore, come out as the strongest wealth producer in the last half of the decade.