Reliance Retail to revive West Bengal projects soon

September 23rd, 2009 KOLKATA - West Bengal is lagging behind in implementing the projects sanctioned under the Jawaharlal Nehru Urban Renewal Mission (JNURM) scheme, Union Minister of State for Urban Development Saugata Roy said here Wednesday. "West Bengal and Delhi are lagging behind in (utilising) the fund sanctioned under the schemes of JNURM.

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".

September 7th, 2009 KOLKATA - Infosys board member T.V. Mohandas Pai Monday said the West Bengal government's decision to scrap a proposed IT hub project on the state capital's northeastern fringes was a "sad day" for the state.

September 7th, 2009 KOLKATA - The West Bengal government Monday informed IT majors Infosys and Wipro that their projects in a proposed township on the outskirts of this metropolis had been scrapped, according to officials. The proposed IT township at Rajarhat near Salt Lake had become controversial in recent weeks following allegations that land sharks had been involved in acquisition of plots there.

September 7th, 2009 KOLKATA - The projects proposed by Infosys Technologies and Wipro in a township just outside the state capital has been scrapped, the West Bengal government informed the two IT majors Monday. The projects were to come up in the proposed IT township at Rajarhat near Salt Lake but had become controversial in recent weeks following allegations that land sharks had been involved in acquisition of plots there.

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 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.

July 16th, 2009 KOLKATA - Singapore's Changi Airports International (CAI) will spend $20 million (Rs.100 crore) on the Durgapur aerotropolis project, an airport city in West Bengal housing aviation-intensive businesses, a top company official said here Thursday. "We have picked up a 26-percent stake in the company (Bengal Aerotropolis Projects) and have decided to invest $20 million in the Durgapur project," said CAI chief executive Wong Woon Liong at a press conference.

June 30th, 2009 KOLKATA - India and Bhutan will jointly develop 10 hydroelectric projects by 2020, according to Bhutanese Prime Minister Jigmi Y. Thinley. "By 2020, the two countries have agreed to develop a little over 11,000 megawatts hydel power green energy through some 10 projects.

June 18th, 2009 LALGARH - The West Bengal Police, supported by central paramilitary forces, initiated the operation to flush out Maoist from Lalgarh in West Midnapore District of West Bengal. It was the forth day, since the red brigade captured nearly fifty villages in and around Lalgarh, which is nearly 150 Km from the state capital Kolkatta, and declared it as the liberated zone.

May 21st, 2009 NEW DELHI - Reliance Power, an energy generation firm in the Anil Ambani group, has signed pacts with the Arunachal Pradesh government for four hydro-electric power projects in state with a combined capacity of 2,520 MW. 'We won the projects through the competitive bidding process of the Arunachal Pradesh government.

May 20th, 2009 KOLKATA - West Bengal is keen to take up a hydel power project in Bhutan and wants the central government's help in this regard, a senior government official said here Wednesday. 'We want to set up a project, with our own investment, in Bhutan and we have asked the government of India to help us,' power secretary Sunil Mitra told reporters here.

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.

January 27th, 2009 NEW DELHI - The Reliance Anil Dhirubhai Ambani Group was Wednesday awarded its third ultra mega power project, set to come up at Tilaiya in Jharkhand with an investment of over Rs.12,000 crore (Rs.120 billion/$2.4 billion). 'We have been awarded the Tilaiya project.

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.