Yesterday, the Prime Minister’s Council on Trade and Industry met to discuss important issues with regards to India’s economy and industrial outputs. Prime Minister Manmohan Singh, the Chairman of the Council presided the meeting.

The key issues brought up in the crucial meeting included nation’s economic slowdown, shrinking industrial outputs and high interest rates. The meeting agenda also included issues like insufficient coal supply to the power sector. PM Manmohan Singh met leading industrialists to discuss these issues and assure them that the government is taking measures and actions to get back on the growth path very soon.

The industrialists who attended the meet included Indian Business magnate Mukesh Ambani, Ratan Tata, Sunil Mittal, Rahul Bajaj and several others. Deepak Parikh, noted Banker from the HDFC group, Infosys founder N Narayana Murthy Sunil Munjal of Hero Group were other eminent industrialists who were a part of the discussion. Government members who attended the meeting and were a major part of the important discussion include: Commerce and Industry Minister Anand Sharma, Environment Minister Jayanti Natarajan, Planning Commission Deputy Chairman Montek Singh Ahluwalia and PMEAC Chairman C Rangarajan.

Industrialists expressed that approval on mega projects should be prioritized by the government to avoid further delay in execution. They also put forth concern on reforms which allow Foreign Direct Investment in multi-brand retail, banking, insurance and other sectors. The council has been created to foster partnership between the government and businesses in order to improve the nation’s economic growth, which has slowed down to the lowest, in the past two years.

After the meeting, Swati Piramal, Director of Piramal Healthcare commented,” It was a very positive and good interaction with the Prime Minister. He listened to all the industry and different aspects and challenges that industry is facing and he is determined to get back on the growth path.

Having launched a store previously in Hyderabad, Reliance Autozone has launched a second outlet in the old suburban district of Malakpet, Hyderbad. Spread over 3,000 sq ft, the latest Reliance Autozone store is located in Saleem Nagar Colony, Moosarambhag (near MalakpetGunj) and offers global standard auto retailing services.

Reliance Autozone – an auto retailing subsidiary under Reliance Industries retail arm- is a one stop shop for retailing of automotive products, including car accessories, batteries, tyres and tubes and lubricants. Offering more than 50 leading brands and 1500 products for a wide range of cars, SUVs and bikes, Reliance Autozone’sauto accessory range offers around 5,000 products and utility items such as audio and video systems, safety equipments, security based gadgets, bull guard, roof carriers, reverse parking system, reverse camera, sun film, GPS, upholstery and many more. In addition to this, the store offer specialty bicycles and a basic range of two wheeler accessories such as helmets and side cabinets. The store also offers a line of alloy wheels and seat covers. The specialty format also offers exclusive car care services through stand-alone specialty stores that try to offer consumers a pleasant, conducive and service oriented retail ambience at best value, along with quick fitment facility. This service takes care of maintenance services like car interior and upholstery cleaning, polymer coating and paint restoration. The services offered are personalised and overlooked by trained professionals.

Reliance Autozone is budding enterprise in a slowly flourishing part of automotive industry. Like many other Reliance undertakings, this one, too, focuses on quality, value-for-money and competitive pricing notions.

With an aspiration of brining to India world class automotive retailing facilities, Reliance Industries rolled out its retail line of automotive product few years ago. Over the last few years, Reliance Autozone has spread its cape across many cities in the country, with spacious stores launched in cities like Bangalore, Ghaziabad, Gurgaon, Jaipur, Pune and Jamnagar. With a vision to “create customer delight” by delivering world class quality at the best price with widest choice of automotive products and services, Reliance Industries’ venture into automotive retailing is a definite boon to the nascent industry.

Padmini Sudesh, the district president of Thrissur Consumer Disputes Redressal Forum, Kerala, has recalled the warrant against Chairman of Reliance Industries Limited (RIL) Mukesh Ambani after the company representatives deposited the dispute amount of Rs. 25,000 towards the case and filed an execution petition before the forum.

“The forum recalled the arrest warrant yesterday as Reliance Communications deposited Rs 25,000, which includes interest, after they moved a petition to recall the warrant issued on December 16,” noted RIL lawyer K S Ravisankar.

The order was passed by the Thrissur Consumer Disputes Redressal Forum based on a petition filed by a local resident Joseph Makkolil in 2005; when Mukesh Ambani was the managing director of Reliance Infocom. The complainant had purchased a Reliance Infocom mobile handset in the year 2003. The mobile was purchased from a Reliance retail outlet on payment of Rs. 10,000 and promised various offers, features and service schemes. However, according to Joseph’s advocate Seby J Pulley, the complainant found that the company had miscarried the terms and conditions stated during the time of purchase of the services and, in order to seek redressal for the same, he moved the consumer disputes court against Reliance Infocom Ltd managing director and the manager of Reliance Infocom branch in Thrissur in 2005. The forum then directed Reliance on October 30th 2010 to pay a fine of Rs. 24,000 to the complainant within a period of two months. Because the allotted time gap lapsed, the court issued a warrant against the chairman of RIL seeking immediate action. Just last week RIL representatives took the matter of redressal and sorted it promptly by paying the necessary compensation amount as well as an interest sum that had accumulated over the five years.

RIL advocate K S Ravishankar said that an execution petition has been filed as Mukesh Ambani is no longer the managing director of Reliance Infocom Ltd. Also, the arrest warrant was issued on an ex-parte hearing.

Index heavyweight and India’s largest private sector oil and gas company Reliance Industries Limited (RIL) has concluded at least 4 term contract deals for 2012 in exporting gasoil. Reliance is keeping a close eye on many more prospective buyers say sources with direct knowledge of the matter.

The gasoil that is used as fuel in many sectors of the industry is being sold at a premium of $3.00 to $3.10 per barrel to the Middle Eastern markets for the 500ppm sulphur gasoil variety and in the price range of $4.00 to $4.50 per barrel for the 10ppm category of the fuel.

The exact details of the contract and the quantity have not been disclosed sources said. Traders have said that the quotes for the 500ppm variety are 40% higher than the usual market premium of $2.10 per barrel owing to the current volatile situation of the currency exchange market and various other market conditions. The details of the 10ppm gasoil are known as of yet.

Sources say that the term premiums charged by RIL as in tune with the market prices of that currently prevalent in the Middle East.

Market experts say that the term premiums for the next year are usually higher than that of the current with calculated predictions that the market demand will improve from African and Middle Eastern markets.

The term contracts are a decent indicator of the growth and stability of a company for the coming period say Singapore traders.

The finalizing of contracts come just a day after Reliance Industries regained the numero uno position on the stock market indices indicating improvement of the market conditions in India against the backdrop of the bearish market in the Eurozone regions citing the debt-crisis. Markets experts say that these term levels are up to expectation keeping in mind the potential growth of the region and could improve even further.

Industrialist Mukesh Ambani led Reliance Industries Limited (RIL), India’s largest private sector conglomerate, has reclaimed the title of being the most influential company in the Indian stock market, pushing the previous title-holder – Infosys – to the second position.RIL stood at 10.39 per cent at the end of Thursday’s trade, accounting the maximum weightage for any constituent of the 30-share index on Bombay Stock Exchange (BSE) benchmark – Sensex.

Sensex is a free-float market capitalization weighted stock market index of 30 accomplished, entrenched and financially sound companies listed on Bombay Stock Exchange. These companies represent various industrial sectors and are some of the most actively traded stocks in the market. For many years, RIL has enjoyed its position as the most influential stock in this index. Its stock’s movement has been a crucial antigen for any major fall or rise in the index. Earlier this week, IT-company Infosys had taken over the prestigious title, pushing Reliance Industries to a close second. However, after a brief run of thee days, Mukesh Ambani-led RIL reclaimed the number one position from Infosys. Apart from being the number one influencer on BSE Sensex, RIL is the second most influential company on 50-share Nifty Index with a weightage of 8.78 per cent and third in terms of “group’s influence” on the market.

RIL stock has been highly strung for most part of the year. But with the end of 2011, Reliance Industries has resurfaced as the most influential market mover on the country’s oldest stock exchange and its market barometer.

Reliance Industries, a prime private sector company, has been rigorously trying to overhaul and streamline its processes in an effort to grown into a global company. Following many prolific deals and partnerships with leading international companies, including BP and DE Shaw, and introduction of international standard management processes in its many subsidiaries, Reliance Industries is certainly looking to making it big and better in the near future.

Reliance Jewels launched ‘The Biggest Diamond Rush’, which started from December 1st to January 22nd 2012. The two month Diamond Rush will be hosted at all Reliance stores across the nation. Reliance is popular for providing incredible shopping experiences for its valuable customers. This new initiative is a step to take shopping for diamonds to a more memorable level.

Senior Vice President and Business Head of Reliance Jewels, Mr. Ashok Kaul announced a discount of up to 100% on making charges and a 2N/3D free holiday pack from Club Mahindra on every purchase. The offer is also combined with a bumper prize. Customers have to fill in a contest form and a lucky draw will decide 8 lucky winners who will be awarded an absolutely free lifetime membership from Club Mahindra.

The Diamond Rush offer, which commenced on December 1st 2011, promises a prolonged 2 month long incredible shopping experience for all Reliance customers. An amazingly attractive offer and contest has been introduced at the most convenient shopping time. Most of the people are excited to shop for New Year’s Eve, and Reliance Jewels has added to the shopping fever by introducing ‘The Diamond Rush’ offer.

Anyone who wants to flaunt exquisite diamond jewelry while greeting the New Year ought to check the collection at Reliance Jewels. You can also gift your loved ones with dazzling diamond jewelry to welcome the New Year. You should surely not miss out the 100% discount on making charges which will help you save a lot of money and especially clubbed with the special discounts and contests at Reliance Jewels.

On asking Senior VP and Business Head of Reliance Jewels, Mr. Ashok Kaul’s views about the offer, he commented, “It has always been our constant endeavor to work towards not only innovating and enhancing our product quality but also engaging with our customers on various occasions. We are extremely delighted and confident that this offer and contest will surely provide the customers with an exciting and remarkable shopping experience and will receive a positive response from our customers across the country.”

Reliance Jewels offers beautiful gold and diamond jewelry (in 22 and 18 karat gold) in traditional, western and fusion looks. You can shop for either a wedding or a party at Reliance Jewels. Reliance Jewels has 32 exclusive showrooms spread across 23 cities and is one of the largest jewelry retail store chain in India.

Reliance Industries Limited, the flagship company of Reliance Group will soon be entering the fast-food business and what more, with its own brand. Mukesh Ambani owned Reliance Industries Limited is known for venturing new businesses for growth. It’s most recent and much awaited advent is the launch of 4G wireless services at affordable rates.

Executives from Reliance affirmed the news and added that Reliance will develop Quick Service Restaurants (QSR) concept within 3 to 4 months, under the leadership of Rishi Negi. Rishi Negi is the COO of multiplex operator Fame India, a company partly owned by younger sibling, Anil Ambani. Negi also has quite some experience in the delicatessen industry too. He was the COO of Pizzeria Restaurants, which operated India’s most popular Pizza franchise, Pizza Hut a few years ago. He was also the food and beverage manager at Taj Coromandel, Taj Group’s 5-star hotel in Chennai.

The hotel industry is growing at the rate of 25% a year and Reliance’s entry into this segment certainly sets a lot of customer expectations. International brands like McDonalds and Dominos introduce ‘Indianised cuisines’ to satisfactorily serve the taste buds of Indians. They make constant attempts to replace popular local food chains like Jumbo King and Saravana Bhavan. Reliance’s QSRs will pose more competition to these brands.

Reliance plans to build its food model based on food chains such as Dominos and McDonalds. They will have a complete standardized menu and express delivery, added the executives. Reliance will launch independent outlets as well mark their presence in food courts.

One of the executives said,” The Company is looking at anything suitable for Indian palate, be it Chinese, Italian or Indian cuisine. With a hypermarket format already attracting a large number of consumers, it makes sense to bundle in food as well.” Reliance is expected to launch its new business in major cities like Delhi, Mumbai and Bangalore. Reliance Group loves to experiment and have experimented with fresh bakery products at its hypermarkets, Reliance Mart.

The retail subsidiary of energy major RIL, Reliance Retail operates around 1,146 multi-brand outlets nationwide through chains such as Reliance Fresh, Reliance Super and Reliance Mart. The name of Reliance’s new venture is yet to be announced. Spokesperson from the company has declined to comment.

Mukesh Ambani led Reliance Industries Limited (RIL), India’s largest private sector company by market valuation, is planning to alter the course of data services market altogether. Igniting this change will be RIL’s ambitious plan to roll out fourth generation (4G) mobile broadband services by the end of 2012, that too on attractively priced Rs. 3500 tablets.

Initially, RIL planned to roll out 4G services on data cards that could be plugged into communication devices. As of now, RIL is planning to bundle up 4G services with low cost tablets, which will cost one-fourth the price of a regular 3G enabled tablet. The data services offering will be priced as low as 1 GB at Rs. 10 – nearly one tenth of the current 3G prices.

Reliance Industries entered the mobile broadband sector by acquiring 95% stake in Infotel, which emerged as a successful bidder in all the 22 circles of the auction for Broadband Wireless Access (BWA) 4G Spectrum conducted by the DoT in June 2010, becoming the only company to have pan-India spectrum to offer wireless broadband services on the 4G technology platform. In rolling out this technology, RIL hopes to be the chief catalyst in a building knowledge economy that can place India at the forefront of the countries providing world-class 4G services.

Industry analysts believe that RIL’s entry into the telecom quarter is certain to revise and revive the sector all together. By subsidizing the prices for data services well as for the carrier technology, Reliance could easily render 3G services obsolete. Also affected will be the players in the dongle business, plug-in devices that provide wireless connectivity to the internet. Undoubtedly, RIL’s foray into the sector will ring in good news for customers as it is likely to push down the prices of broadband services and boost access to internet across the country. With auxiliary plans of leveraging 4G broadband services into digital education format, RIL is looking to widen the scope of 4G technology at length.

The cast of upcoming Bollywood movie ‘Ladies v/s Ricky Bahl’ is set to visit the capital city for promotion of their film. They will visit New Delhi for a press meet being held at Reliance Digital store- a multi-brand electronics retail store- located in Ambiance Mall, Vasant Kunj on 6th of December at 6 p.m. This is the first official press meet for the movie, which is slated for release on Friday, 9th December.

Ladies v/s Ricky Bahl is a romantic comedy directed by Aditya Chopra and produced by Yash Raj Films. The lead pair – Ranveer Singh and Anushka Sharma – will be seen together for the second time after their successful pair-up in the 2010 block buster ‘Band Baaja Baraat’. The story is that of con artist Ricky Bahl (Ranveer Singh) who, after duping three women, faces to meet his match in a certain Ishika Desai (Anushka Sharma).

Reliance Digital – India’s leading electronics retail chain – is a popular hot spot for film promotion events across the country and this time around the electronics giant is set to host the cast of Ladies v/s Ricky Bahl on their visit to the capital city.

About Reliance Digital: Reliance Digital is a multi-brand electronics retail format from the house of Reliance Industries Limited (RIL). It is a modern electronics store that offers every major electronic item under one roof. 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. Spread across 17 cities, Reliance Digital is one of the most popular electronics retail destinations in the country for offering the best in technology at the best possible prices.

The cast of ‘Ladies v/s Ricky Bahl’ will be visiting the vibrant city for Jaipur to promote their upcoming film, slated for release on 9th of December. A press meet is being held with the cast members on 5th December at 6 p.m. at Reliance Digital store- the multi-brand electronics retail store- located on Sardar Patel Marg, Jaipur.

Ladies v/s Ricky Bahl is a romantic comedy directed by Aditya Chopra and produced by Yash Raj Films. The lead pair – Ranveer Singh and Anushka Sharma – will be seen together for the second time after their successful pair-up in the 2010 block buster ‘Band Baaja Baraat’. The story is that of con artist Ricky Bahl (Ranveer Singh) who, after duping three women, faces to meet his match in a certain Ishika Desai (Anushka Sharma).

Reliance Digital – India’s leading electronics retail chain – is a popular hot spot for film promotion events across the country. Given the store’s spacious setting and popularity, Reliance Digital has become the much preferred destination for audience interaction and promotional activities for films slated for release.

About Reliance Digital: Reliance Digital is a multi-brand electronics retail format from the house of Reliance Industries Limited (RIL). It is a modern electronics store that offers every major electronic item under one roof. 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. Spread across 17 cities, Reliance Digital is one of the most popular electronics retail destinations in the country for offering the best in technology at the best possible prices.