Bihar goes car-shopping this DeepawaliOctober 13th, 2009 Bihar has gone car-shopping this Deepawali as well, cocking a snook at global economic recession hitting many countries, officials said. Officials said so far the booking of altogether 1,592 cars has been made through 13 showrooms of different companies having their offices in Patna while the companies' target is to sell 1,840 cars.
Reliance Retail to revive West Bengal projects soonOctober 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.
Reva to roll out two new electric cars soonSeptember 30th, 2009 BANGALORE - The maker of India's sole battery-run car, Reva Electric Car Co., is setting up a second plant in the country's tech hub to roll out two new models next year for domestic and export markets, a top company official has said. "We are investing Rs.300 million (Rs.30 crore) in the second plant that will eventually have an installed capacity of 30,000 units per annum," Reva co-founder and deputy chairman Chetan Kumar Maini told IANS.
General Motors, Reva to jointly make electric vehiclesSeptember 24th, 2009 NEW DELHI - The Indian arm of General Motors (GM) Thursday said it is partnering Bangalore-based electric car maker Reva to develop and produce electric vehicles for the Indian market. According to General Motors India managing director Karl Slym, the initiative was "in line with government objectives to reduce fossil fuel dependence.
Anil Ambani's Reliance Infratel to go publicSeptember 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.
Google bows to book settlement critics, willing to share digital copies of out-of-print titlesSeptember 10th, 2009 Google willing to share digital books with rivalsMOUNTAIN VIEW, Calif. — Google will let other online companies sell its digital copies of out-of-print books if a class-action settlement with U.S.
MyBand.co.in launches digital store for local bands to sell music onlineAugust 25th, 2009 MUMBAI - MyBand, the single largest destination for Indian music bands, announced the launch of its digital store today. The digital store will enable all bands and artists to make available their owned content and enable online based transaction and sale of tracks from their released albums and yet to release albums, directly to the consumers.
Reliance Power to raise Rs.20,000 crore this fiscalJuly 28th, 2009 NEW DELHI - The Anil Ambani-promoted Reliance Power is planning to raise Rs.20,000 crore ($4 billion) this fiscal to finance various power projects, the company chairman said Tuesday. "In all, we raised about Rs.200 billion of debt for various generation projects.
Reliance Globalcom revenue up 23 percentJune 29th, 2009 MUMBAI - Reliance Globalcom, part of the Anil Ambani-owned Reliance Communications, Monday said its revenues for the quarter ended March 31, 2009 increased 23 percent to Rs.1,880.3 crore ($391 million). The company had posted Rs.1,525.7 crore in revenue during the January-March quarter last year.
Reliance refinery gives up export unit statusApril 18th, 2009 MUMBAI - The Mukesh Ambani-controlled Reliance Industries Ltd has surrendered the export-oriented unit (EOU) status of its refinery in Gujarat's Jamnagar to sell fuel in the domestic market. 'The refinery will now operate as a non-EOU refinery to cater to increasing demand of petroleum products in the country,' the company said in a statement.
Merger of Reliance Industries, fuel exporting arm approvedMarch 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.
Now buy, sell shares through mobileFebruary 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.
Electric vehicles not cool enough for GenYFebruary 7th, 2009 NEW DELHI - Sanjiv Sharma, a city-based hospitality consultant, plans to buy a car. His first. And like most of his peers he is certainly concerned about the rising cost of fuel.
Reva to launch new electric car, set up plantFebruary 4th, 2009 NEW DELHI - Electric car maker Reva Electric Car Co. Thursday announced that it will launch a new model powered by advanced battery technology this year and also set up its second manufacturing plant in the country.
Court lifts ban on sale of Reliance gas till final judgementJanuary 29th, 2009 NEW DELHI - The Bombay High Court Friday lifted its interim ban on the sale of natural gas by Reliance Industries from the Krishna-Godavari basin till final orders March 15, and said the company can retail it at $4.20 per unit. The Mukesh Ambani-led group can sell the gas from the fields off the Andhra Pradesh coast based on the criteria set by an empowered group of ministers, headed by External Affairs Minister Pranab Mukherjee, and accepted by the government, the court ruled.
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