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.

Standard & Poor (S&P), a US based financial service company recently released a statement remarking that the long term corporate credit rating on Mukesh Ambani-led Reliance Industries Limited (RIL; BBB/Positive/–) has remained unaffected despite the company’s recent plans to buy back its equity shares. If anything, Reliance Industries ambitious plan to buy back its shares at Rs. 870 a share (one of the largest ever buyback programs in Indian corporate history) is quite likely to reflect confidently on the current share price of the conglomerate. This buyback announcement, more than anything, will signal a strong commitment from the company to increase the valuation of its share price with respect to its intrinsic worth. S&P also acclaimed that despite a 25 per cent drop in RIL’s EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortisation) in the quarter ended December 31st2011, the factor is least likely to affect RIL‘s existing credit rating regardless of many industry speculations about the same.

S&P is of the view that Reliance Industries Limited’s liquidity will continue to hold fort despite the buyback, considering the company’s significant cash and cash equivalent reserves of Rs. 745 billion as on Dec 31st2011. And given the buyback is expected to produce at least Rs. 104 billion in cash outflow, the additional sum will only help mitigate the impact of volatile operating performances in refining and petrochemicals quarter, if any. The S&Ps report cited that the rating on RIL had already factored in these volatile elements, including the challenges the company is facing with respect to its prolific KG-D6 gas block in the Andhra coast.

Reliance Industries present rating of BBB+ is reflective of the fact that the company has adequate capacity to meet its financial commitments. However, adverse economic conditions or changing circumstances could possibly lead to weakening of the capacity of the obligor to meet its financial commitments. Regardless of this, if cynical discrepancies do erupt to hinder Reliance Industries core business’ performances, the support foundation in the form of robust cash reserves will help impede any adversity to a large extent. “We believe RIL’s financial performance will remain strong in the next 12 months, with the ratio of adjusted debt to EBITDA at less than 1.5x. We adjust the ratio for cash and cash equivalent excluding Rs 75 billion, which we assume the company needs for its operations. In our view, RIL’s business strategy, particularly the use of its significant cash balances, would be a key determinant of any future rating action on the company”, stated S&P in its statement.

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.