Global News Post: Reliance

Reliance Trends Awarded Top Honours at ASIA Retails Congress 2012

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<div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><span style="font-family: 'Trebuchet MS', sans-serif; font-size: 12pt;">By </span><a href="http://www.groundreport.com/keshavpatil55" style="font-family: 'Trebuchet MS', sans-serif; font-size: 12pt;"><span style="color: windowtext; text-decoration: none; text-underline: none;">Keshavpatil55</span></a><span style="font-family: 'Trebuchet MS', sans-serif; font-size: 12pt;"> </span><span style="font-family: 'Trebuchet MS', sans-serif; font-size: 12pt;">    </span><span style="font-family: 'Trebuchet MS', sans-serif; font-size: 12pt;"> </span></div><div class="MsoNormal" style="direction: ltr; line-height: 15.75pt; text-align: justify; unicode-bidi: embed;"><span dir="LTR"></span><span style="color: #333333; font-family: "Arial","sans-serif"; font-size: 10.0pt;"><span dir="LTR"></span>  <span class="apple-converted-space"> </span><span id="article_date"> <o:p></o:p></span></span></div><div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><br />
</div><div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt;"><a href="http://www.groundreport.com/Business/Reliance-Trends-awarded-top-honours-at-ASIA-Retail/2944603"><span style="color: windowtext; text-decoration: none; text-underline: none;">GroundReport</span></a>--- Reliance Trends, the apparel, luggage and accessories specialty format of Reliance Retail Ltd., swept four awards at the recently held ASIA Retails Congress 2012. Held on Tuesday, 14th February 2012 at the TajLands’ End, Mumbai, Reliance Trends surfaced as the winner of the prestigious ‘Retailer of the Year – Fashion & Lifestyle’ Award, pushing ahead of many top and established names in the business. Reliance Trends also bagged three additional awards including Retail Leadership Award, Innovative Concept Award and the Marketing Campaign of the Year Award.<o:p></o:p></span></div><div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><br />
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</div><div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt;">Reliance Trends COO, Akhilesh Prasad, who was conferred the Retail Leadership Award,attributed his success to the customers who have shown preference for the brand and a dedicated team that has worked relentlessly towards building brand Reliance Trends as the most preferred fashion destination across the country. Being awarded top honours for path-breaking and outstanding retail approach aimed at democratizing fashion, Reliance Trends feels humbled by the recognition its efforts have finally brought about. ‘The Toon Fest’campaign, held at Reliance Trends stores across the country, won the company Retail Marketing Campaign of the Year Award. With characters from various animated kid-shows flocking Reliance Trends stores, ‘The Toon Fest’ campaign was distinct for offering a wholesome retail experience for the entire family. On the other hand, ‘Performax’, the active sportswear brand from Reliance Trends,was recognised for product innovation and bestowed with Innovative Retail Concept Award. This brand of sports</span><span dir="RTL" lang="AR-SA" style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-ascii-font-family: "Trebuchet MS"; mso-bidi-font-family: Arial; mso-bidi-theme-font: minor-bidi; mso-hansi-font-family: "Trebuchet MS";"><o:p></o:p></span></div><div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><br />
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</div><div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt;">wear is a value based offering which promotes active lifestyle and offers consumers unique functional benefits and trendy styles at great prices.<o:p></o:p></span></div><div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><br />
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</div><div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt;">Reliance Trends spokesperson said, “Quality, fashion, style and value are the essence of Reliance Trends and have helped us emerge as a key destination for fashion for consumers across the country. We have become India’s largest and most favoured destination for fashion by providing a never before experience with a well-designed ambience and great quality products at most competitive prices. The ASIA Retail Congress was a great forum to showcase our strides in the field of fashion and retailing and these awards demonstrate our drive towards excellence.”<o:p></o:p></span></div><div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><br />
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</div><div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt;">Over the years, Reliance Trends has been relentlessly working towards redefining and reinventing the fashion and lifestyle market with its value-based products and services. Staying true to the Reliance way of things, the subsidiary has gone on to incorporate several value-based additions to its format, making sure customers get the benefit of best price and best quality through every aspect of Reliance Trends concept.<o:p></o:p></span></div><div class="MsoNormal" style="direction: ltr; text-align: justify; unicode-bidi: embed;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt;">Published under a Creative Commons Attribution 3.0 Licenses.<o:p></o:p></span></div></div>

Reliance Trends Awarded Top Honours at ASIA Retails Congress 2012

By Keshavpatil55 GroundReport --- Reliance Trends, the apparel, luggage and accessories specialty format of Reliance Retail ...

Reliance Industries Gears Up For Its Biggest Ever Share Buyout

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</b></span></div><div class="MsoNormal" style="text-align: justify;"><span style="background: white; font-family: "Trebuchet MS";">By <a href="http://www.groundreport.com/sacchitjogi07">Sacchitjogi07</a> <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="background: white; font-family: "Trebuchet MS";"><br />
<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="background: white; font-family: "Trebuchet MS";"><a href="http://www.groundreport.com/gri">Ground Report India</a>- 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.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="background: white; font-family: "Trebuchet MS";"><br />
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.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="background: white; font-family: "Trebuchet MS";"><br />
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.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="background: white; font-family: "Trebuchet MS";">This work is licensed under a <a href="http://creativecommons.org/licenses/by/3.0/">Creative Commons Attribution 3.0 License</a>.<o:p></o:p></span></div></div>

Reliance Industries Gears Up For Its Biggest Ever Share Buyout

By Sacchitjogi07 Ground Report India - Mukesh Ambani led Reliance Industries Limited (RIL) is all set to announce one of its biggest e...

RIL’s KG-D6 Development Plans Get Oil Ministry Approval; Greater Gas Output Anticipated

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<a href="http://www.groundreport.com/gri"><span style="color: windowtext; text-decoration: none; text-underline: none;">The Ground Report India</span></a>- After months of persistent efforts, Mukesh Ambani led Reliance Industries Limited (RIL) had been granted official sanction from the oil ministry for its $1.529 billion investment plan for developing four satellite fields in the energy rich KG-D6 block, located off the east coast of Andhra Pradesh. This approval comes at an opportune time when the whether conditions are favourable for prolific explorations and survey plans on sea-bed sites, turning the odds even for RIL and its partners BP Plc and Niko Resources as they work towards realising an ambitious energy development plan.<o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-bottom-alt: double windowtext 2.25pt; mso-padding-alt: 0in 0in 1.0pt 0in; padding: 0in; text-align: justify;"><span style="background: white; font-family: "Trebuchet MS";"><br />
Reliance Industries had previously submitted a proposal to the KG-D6 oversight committee which cited development of four additional satellite fields in the in KG-D6 block, namely Dhirubhai-2, 6, 19 and 22 (D-2, D-6, D-19 and D-22) fields. These fields are located around the currently functional and gas producing fields - D-1 and D-3. As per pre-examination studies, it has been estimated that these prospective satellite fields have the potential to generate 10 million cubic meters of gas output per day by the year 2016. Such production mark-up is guaranteed to shore up the output from the KG block, which has seen a paltry growth graph in the last few months.<o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-bottom-alt: double windowtext 2.25pt; mso-padding-alt: 0in 0in 1.0pt 0in; padding: 0in; text-align: justify;"><span style="background: white; font-family: "Trebuchet MS";"><br />
Initially, RIL had requested oil ministry’s approval for prolific development of nine satellite gas discoveries in an FDP submitted in 2008, including D-2, D-4, D-6, D-7, D-8, D-16, D-19, D-22 and D-23 fields, with an estimated capex of $5.6 billion and reserves of 1,708 billion cubic feet (bcf). A more efficient development plan for four of these satellite gas fields was later submitted in 2009. However, on direction of the KG-D6 oversight committee, RIL revised the proposal according to new rates and current prices, capping spending on the four satellite fields to about $1.529 billion, plus or minus 15 percent. This has now been favorably agreed upon by the management committee meeting held yesterday.<o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-bottom-alt: double windowtext 2.25pt; mso-padding-alt: 0in 0in 1.0pt 0in; padding: 0in; text-align: justify;"><span style="background: white; font-family: "Trebuchet MS";"><br />
With the official sanction confirmed, RIL and its partners are gearing up to commission sea-bed surveys in the <st1:place w:st="on">Bay of Bengal</st1:place> site aside from starting pre-engineering works as per proposed plan. Industry analysts suggest that this bid to develop additional acreage around KG D6 will prove a beneficial proposition not just for the operating partners, but also for the government. If speculative output count is to realize, the government stands to ward off some its energy security concerns which have been brewing for the last couple of months.<o:p></o:p></span></div><div class="MsoNormal" style="border: none; mso-border-bottom-alt: double windowtext 2.25pt; mso-padding-alt: 0in 0in 1.0pt 0in; padding: 0in; text-align: justify;"><br />
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RIL’s KG-D6 Development Plans Get Oil Ministry Approval; Greater Gas Output Anticipated

By Sacchitjogi07 The Ground Report India - After months of persistent efforts, Mukesh Ambani led Reliance Industries Limited (RIL) h...

Mukesh Ambani led RIL to ink deal with UTV - Walt Disney, India

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</span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS";">By <a href="http://www.groundreport.com/sacchitjogi07">Sacchitjogi07</a>  <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS";"><br />
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<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS";">The latest in the series of multiple deals being signed by Reliance Industries, Mukesh Ambani led conglomerate Reliance Industries Limited (RIL), is set to strike a new deal with Walt Disney – <st1:country-region w:st="on"><st1:place w:st="on">India</st1:place></st1:country-region> in an effort to acquire content for its upcoming telecom operations. The deal will be sealed between Reliance Industries and UTV Software, a subsidiary of UTV in which Walt Disney holds 50.44 per cent stake.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS";"><br />
  <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS";">Known to be a pioneer in India’s core industry sectors – including energy, refining, and synthetic fibers – Reliance Industries has switched gears to expand its scope and scale to commercial and wide-spaced services, such as retail, financial services and more significantly telecom and broadband services. After successfully acquiring Infotel Broadband services, the only firm to secure nationwide wireless broadband radio airwaves (in 22 circles) in an auction conducted for Broadband Wireless Access (BWA) Spectrum conducted by the DoT, RIL plans to roll out top-of-the-line telecom services in India. It plans to build a data-focused business which will provide mobile, smartphone, tablet and computer users access to the internet related services via a wireless broadband network. Through this latest deal, Mukesh Ambani led RIL stands to gain access to games, entertainment and children's content for their budding telecom operations, especially for its 4G platform. The deal with UTV, soon to be acquired fully by Walt Disney, will help RIL propel its plans of rolling out data-focused business sooner than anticipated.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS";">Reliance, in a season of new acquisitions and deals, has laid out plans to incorporate one more partner in its endeavor to establish holistic partnerships with leading business players. After a successful innings, which saw Reliance ink deals with global majors – including London based energy giant BP PLc, followed by an equally prolific deal with hedge fund institution DE Shaw, and acquisition of assets in shale gas sector, mineral sector and others, RIL will be seen broadening the scope of its gradually developing telecom unit. ---<a href="http://www.groundreport.com/Business/Mukesh-Ambani-led-RIL-to-ink-deal-with-UTV-Walt-Di/2941869"><span style="text-decoration: none;">Ground Report</span></a><o:p></o:p></span></div></div>

Mukesh Ambani led RIL to ink deal with UTV - Walt Disney, India

By Sacchitjogi07 The latest in the series of multiple deals being signed by Reliance Industries, Mukesh Ambani led conglomerate Reli...

Reliance Digital – A truly ‘Indian’ store

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<a href="http://www.groundreport.com/Business/Reliance-Digital-A-truly-Indian-store/2941017"><span style="text-decoration: none;">Ground Report:</span></a> With over 150 international and national brands and over 4000 products available under one roof, Reliance Digital is certainly a store of magnanimous proportions. This electronics retail format, which originates from the house of Reliance Industries Limited, is a well known player in the electronics retail segment. And what makes it tick with the Indian customer, most assuredly, is its strong value proposition.</span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt; line-height: 115%;"><br />
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<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt; line-height: 115%;">There are many things that work in favor of Reliance Digital. For one, the store offers plenty of products are very reasonable price points. It boasts of the largest display of models in 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. It is a one-stop shop for all things electronics, cutting the need for visiting multiple stores for better understanding of different brands. What strikingly pushes it away from other electronic chains is its value-oriented pricing and value- based appeal. The prices match every budget and preference and since the store bears an association to ‘Reliance’, an element of trust seeps in with every purchase decision.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt; line-height: 115%;"><br />
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<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt; line-height: 115%;">At Reliance Digital, customers are offered a chance to try and feel every product before they make a purchase at their specially designed Experience Zones (for high-end entertainment systems like home theatres, televisions, home and car music systems), meant to simulate true-to-life conditions to make a customer understand better how a product blends in with a home environment. This is a unique feature, not offered by others, which play up to yet another Indian sentiment of assessing a product’s quality through firsthand experience.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt; line-height: 115%;"><br />
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<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt; line-height: 115%;">From favorable price points, value-for-money outlook, subliminal value of trust from Reliance and a product variety that is uncompromised any level; these are just some of the things that work to the success of Reliance Digital. Six years since its inception, the format has come a long way in terms of silhouetting itself in way that best appeals to the Indian-ness in every customer. <span> </span><o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Trebuchet MS","sans-serif"; font-size: 12.0pt; line-height: 115%;">This work is licensed under a <a href="http://creativecommons.org/licenses/by/3.0/"><span style="text-decoration: none;">Creative Commons Attribution 3.0 License.</span></a><o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
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Reliance Digital – A truly ‘Indian’ store

By RelianceDigital Ground Report: With over 150 international and national brands and over 4000 products available under one roof,...