Motorcar Parts buys some assets of Reliance Automotive, gains access to big retail customer

October 3rd, 2009 BARASAT - Reliance Retail, part of Mukesh Ambani-led Reliance Industries, is looking at reviving its West Bengal projects "in a major way", a top official said here Saturday. "We are currently working on how best we can come back to the state in a major way.

September 23rd, 2009 NEW DELHI - India's telecom regulator Wednesday issued guidelines on mobile number portability (MNP) that will allow subscribers to change operators while retaining the original number, but only within a particular circle. The new facility will become a reality from Dec 31 in metros and by March 20, 2010 in the rest of the country, said a statement from the Telecom Regulatory Authority of India.

September 22nd, 2009 MUMBAI - Telecommunications provider Reliance Infratel, promoted by Reliance Communications and part of the R-ADA group, will come out with an initial public offer to the tune of 10 percent of its paid-up equity capital, group chairman Anil Ambani said here Tuesday. Addressing shareholders at Reliance Communication's annual general meeting here, Ambani said the draft red herring prospectus for the issue would be filed by group company Reliance Power with market regulator Securities and Exchange Board of India.

September 16th, 2009 NEW DELHI - Reliance Mobile, the GSM arm of telecom operator Reliance Communication (RCom), Wednesday said it would launch a new mobile number series beginning with the digit "8" in the Delhi-National Capital Region circle. Reliance will be the first telecom operator to shift from the practice of beginning a cell phone number with the digit "9".

August 19th, 2009 SYDNEY - Researchers have warned of a surge in online trading and 'anti-retail movement' that could doom retail outlets over the next 10 years. Some traditional retailing is likely to become obsolete by 2020, as manufacturers choose to sell directly to the public and consumers prefer to deal directly with wholesalers.

August 19th, 2009 E-Trade's monthly volume falls 4 percent in JulyNEW YORK — Retail brokerage firm E-Trade Financial Corp. said Wednesday daily trading volume fell 4 percent in July, while total customer assets fell by 15 percent.

July 31st, 2009 MUMBAI - The Anil Ambani-led Reliance Capital Friday reported a 55.6 percent fall in net profit to Rs.153.29 crore ($33 million) for the quarter ended June 30 as against Rs.345.3 crore in the like period last year. The company's total income for the first quarter stood at Rs.1,468.12 crore ($316 million), down 3.05 percent from Rs.1,514.40 crore in the corresponding quarter the previous fiscal.

July 5th, 2009 MUMBAI - The Anil Dhirubhai Ambani Group's Reliance Capital has unveiled an ambitious plan for the next three-five years, including an entry into banking industry, globalisation of operations and tripling the customer base to 50 million. We have drawn up exciting growth plans for the next three to five years, Anil Ambani, chairman of Reliance Capital, informed his shareholders ahead of the company's annual general meeting here later this month.

July 3rd, 2009 Auto parts maker shutting down Indiana plantSHELBYVILLE, Ind. — Meridian Automotive Systems is idling a central Indiana factory, putting 295 people out of work.

April 8th, 2009 HYDERABAD - GPS service provider SatNav Technologies Wednesday launched the country's first voice-based navigation direction service, SatGuide LCU. 'LCU, (Lost? Need Directions? Call Us!), is now available to all phone users in India.

March 2nd, 2009 MUMBAI - In one of the largest merger deals in India, Reliance Petroleum will merge with its parent and the country's biggest company, Reliance Industries, in what the promoters say will create better synergies for them in the hydrocarbons space. The board of the two companies met here Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.

February 24th, 2009 MUMBAI - Reliance Money, part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Tuesday introduced a new facility that enables investors to trade equities and commodities through mobile phones. The new facility is available across all mobile platforms.

January 12th, 2009 NEW DELHI - Reliance Industries Ltd (RIL) is keen to re-open its retail fuel stations but is waiting for the government to end its intervention in determining the sale price of petrol and diesel, a company official said here Tuesday. 'The removal of government control of prices is very critical.

January 6th, 2009 HYDERABAD - Reliance Digital, the consumer electronics arm of Reliance Retail, will sell Reva electric cars through its outlets across the country. Initially, Reliance Digital will sell the Reva through its digital stores in Hyderabad and Delhi.

January 4th, 2009 CHANDIGARH - Reliance Communications Monday announced the launch of its GSM mobile services in Punjab, becoming the first telecom operator in the circle to have both GSM and CDMA services for mobile users. 'The service will cover 460 towns, 11,741 villages and a number of national, state and other highways, tourist and religious places throughout the state,' Reliance regional hub head Arvind Kumar told reporters at the launch.