Reliance Globalcom revenue up 23 percent

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 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 Motorcar Parts buys assets of Reliance AutomotiveLOS ANGELES — Motorcar Parts of America Inc., which makes vehicle alternators and starters, said on Wednesday that it bought some assets of Reliance Automotive Inc., a privately held company that rebuilds those same parts. Terms of the purchase from the East Berlin, Conn.-based Reliance were not disclosed.

July 31st, 2009 MUMBAI - Reliance Communications (R-Com), part of the Anil Dhirubhai Ambani Group, has posted a net profit of Rs.1,637 crore ($342 million) for the quarter ended June 30 as against Rs.1,512 crore in the like period last year, a growth of 8.3 percent. The company's total income surged 15.5 percent to Rs.6,145 crore from Rs.5,322 crore, it said in a regulatory statement.

July 9th, 2009 NEW DELHI - The Anil Ambani-led Reliance Communications has partnered with Britain-based mobile marketing company 3rd Space Services to launch free video content with embedded advertisements on its mobile platform. Under the agreement, 3rd Space will supply mobile video content like Bollywood songs, films and TV programmes to the Indian company, it said in a statement.

May 25th, 2009 MUMBAI - Three companies in the Reliance Anil Dhirubhai Ambani Group were among the five top-performing stocks of the S&P CNX Nifty of the National Stock Exchange (NSE) last week, all of them outshining the 50-share index by a wide margin. With a gain of 52.7 percent, Reliance Capital was the best performer among the Nifty stocks.

April 23rd, 2009 MUMBAI - Reliance Natural Resources Ltd (RNRL), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Thursday reported 1.8 percent growth in its net profit for 2008-09. The company, involved in sourcing, supply and transportation of gas, coal and liquid fuels, posted a net profit of Rs.69.87 crore ($14 billion) for 2008-09, up from Rs.65.59 crore the previous fiscal.

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 28th, 2009 MUMBAI - The $34.5-billion Reliance Industries, India's largest private sector company, Friday announced that it will consider a proposal next week to merge another group company into itself to bring in operational efficiency. The Mukesh Ambani-controlled Reliance Industries and its oil refining and export-oriented subsidiary Reliance Petroleum, have both informed the stock exchanges of their boards' agenda to consider the merger.

January 22nd, 2009 NEW DELHI - Reliance Communications (R-Com), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Friday reported 2.7 percent increase in net profit in the quarter ended Dec 31. The company posted Rs.14.1 billion (Rs.1,410 crore) net profit in the quarter as against Rs.13.73 billion a year earlier, an official statement said.

January 22nd, 2009 MUMBAI - Reliance Natural Resources Ltd (RNRL), part of the Reliance-Anil Dhirubhai Ambani Group, Friday reported 238 percent growth in total income at Rs.1.38 billion (Rs.138 crore/$28.3 million) for the quarter ended Dec 31 as against Rs.407 million a year ago. The company's net profit increased 2 percent to Rs.240 million for the quarter, compared to Rs.237 million in the corresponding period last year.

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 5th, 2009 JAIPUR - Reliance Communications (R-Com), India's only telecom service provider to offer GSM and CDMA services nationwide, has launched mobile GSM services in over 1,450 towns and more than 10,000 villages in Rajasthan. The company also launched a first-of-its-kind Customer Experience Programme (CEP) for subscribers opting for its GSM services, which offers up to 100 percent savings to sub-Rs.300 Average Revenue Per User (ARPU) mobile customers for a one-time subscription charge (including GSM SIM) of Rs.25.

January 4th, 2009 MUMBAI - Reliance Communications, an Anil Dhirubhai Ambani Group company, crossed 100,000 subscribers on the first day of the launch of its service in Mumbai, the company said in a statement Monday. 'The high volume sales can be attributed to the company's aggressive strategy,' an R-Com spokesperson said in the statement.