Articles by "Reliance"
Showing posts with label Reliance. Show all posts

Itanagar, Sep 29: Fashion designers from the UK and India are set to come together to be part of a project aimed at benefiting women textile workers of the north-east.

The British Council and IMG Reliance signed an agreement last month to help exotic indigenous textile products of the region get a global platform through the project - 'A Telegram from Tripura', a senior official of the Council said.

"The project will bring UK designer Bethany Williams and Indian designer Aratrik Dev Varman together to explore new fashion systems and approaches with women textile workers of the north-east region in focus," Director of the British Council in India, Alan Gemmell, told PTI in an interview.

IMG Reliance is a joint venture between IMG Worldwide of the US and Reliance Industries.

However, it is not immediately known when the UK designer would reach India and meet Dev Varman, who hails from Tripura.

The final work, to be presented at the Lakme Fashion Week in February next year, will showcase female textile artisans and demonstrate how design innovation can promote a fairer, more inclusive fashion industry, Gemmell said.

"We want friendship between India and the northeast, in particular by bringing art and culture, and educational opportunities from our country," he said.

The British Council would also give scholarship to 500 students from India for academic exchange programme in 44 universities of the UK.

To mark the 70th anniversary of the Council in India, it awarded scholarships to 100 Indian women to study STEM (Science, Technology, Engineering, and Mathematics) subjects at premier higher education institutions in the UK, Gemell added.
 (PTI)




Mumbai, Apr 19: Infrastructurer major Reliance Infrastructure Limited EPC has received the Letter of Award (LOA) from Rail Vikas Nigam Limited (RVNL) for its maiden railway project worth Rs 774 crore for the construction of third rail line between Jimidipeta and Gotlam on East Coast Railway on Engineering, Procurement and Construction (EPC) basis. 
The 105 km-long line will run in Andhra Pradesh and Odisha.The scope of work includes Civil, Track, Electrification, Signalling and Telecom works of the rail line. The scope of work also includes construction of 13 railway stations and staff quarters. 
The other bidders in the fray were L&T and NCC. It is the first EPC contract of RVNL for Railway project. 
The Railway line between Jimidipeta to Gotlam is part of Titlagarh-Vizianagaram section. At present, Titlagarh-Vizianagaram is a double line (electrified) track section of Jharsuguda-Visakhapatnam line. It is an important rail link between Jharsuguda and Visakhapatnam, and serves as a bypass Rail link to Howrah-Mumbai trunk route and Howrah-Chennai main line of East Coast region.
It also caters to the goods and passenger traffic from Bhubaneswar, Sambalpur and Raygada with Koraput on the Kottavalsa-Kirandaul line. The line traverses through Western Odisha and Andhra Pradesh. This line will lead to development around the entire area. 
Commenting on the award, Reliance Infrastructure EPC CEO Arun Gupta said RInfra has strong credential in successful execution of complex EPC projects in various Sectors including railway and metro space. This order marks our foray into Railway EPC segment and further strengthens Reliance Infrastructure Limited’s bona fide to lead in construction of rail transportation systems. The company is well positioned in the emerging railway market and poised to capture a sizable share. UNI 



New Delhi, Mar 22: The Supreme Court on Thursday asked the Reliance Communication (RCom) and Reliance Jio (RJio) to maintain status quo till April 5, Thursday, with regard to Rs 25,000-crore assets sale deal.
A three-judge bench of the apex court, headed by Justice Adarsh Kumar Goel, and also comprising Justice Rohinton Fali Nariman and Justice Uday Umesh Lalit passed the status quo order and posted the matter for final hearing on April 5, Thursday.
In the meantime, the top court also allowed parties to file their detailed written submissions by March 28, Wednesday.
"A status quo has to be maintained by the parties till we hear the case again on April 5, Thursday for final hearing. Nobody, no entity can sell or purchase anything till April 5, " the three-judge bench of the court said.
The top court made it clear that the sale of RCom assets of Anil Ambani company to his elder brother Mukesh Ambani' Reliance Jio Infocomm (Jio) will be subject to the apex court's final order.
The Apex Court also today directed the companies to maintain a status quo which means that the deal cannot be finalised without the Supreme Court approval. UNI


New Delhi, Mar 15: Anil Ambani-led Reliance Entertainment and its partners Plan C studios spearheaded by Neeraj Pandey and Y Not Studios headed by S Sashikanth are coming together to remake 2017’s Tamil blockbuster 'Vikram Vedha' in Hindi. 
The producers will retain the original director duo-- Pushkar and Gayatri-- for its Hindi remake. Renowned writer, producer, director Pandey will step in as the writer and creative producer for this magnum opus.
This also marks the beginning of an exciting partnership between some of the most commercially successful, dynamic and creative minds in the country–Reliance Entertainment, Plan C Studios and Y Not Studios.
Y Not Studios, founded by Sashikanth has produced 12 feature films in Tamil, Telugu, Malayalam and Hindi, including 'Vikram Vedha' in 2017, which ranked as the number one Indian Film of 2017 on the world's most popular and authoritative source for movies – IMDb, ahead of some other gigantic blockbusters like 'Baahubali 2'.
Plan C Studios – an alliance between Reliance Entertainment and Neeraj Pandey and Shital Bhatia’s Friday Filmworks has been producing content-rich cinema like 'Rustom', 'Naam Shabana', 'Toilet: Ek Prem Katha' to name a few. 
A National Award winner, Pandey will lend his creative prowess to the film.
A cult film in its own right 'Vikram Vedha' is a neo-noir action crime thriller film originally written and directed by Pushkar and Gayatri. 
Based on the Indian meta folktale Vikram Aur Betaal, the film tells the story of a tough police officer who sets out to track down and kill an equally tough gangster. This Tamil blockbuster starred R Madhavan and Vijay Sethupathi.
Shibasish Sarkar, COO Reliance Entertainment said, "Vikram Vedha is one of the best films to be made in recent times. This incredible collaboration is also a coming together of a dream creative team that would do true justice to a film like that.” 
Pandey, producer of the film added, “Vikram Vedha is a unique film and this story has to be retold to the Hindi audience world over. We have all grown up on the Vikram Betaal mythology, but this out of the box contemporary treatment makes it a must see movie”. 
Sashikanth of Y Not Studios said, 'After our two successful co productions in Hindi, Saala Khadoos and Shubh Mangal Saavdhan with Rajkumar Hirani and Anand L Rai respectively, we are super excited to join hands with Anil D Ambani led Reliance Entertainment and its partners Plan C studios spearheaded by the dynamic Neeraj Pandey for our third production. With this great team, we are looking forward to a blockbuster Hindi version of Vikram Vedha”. UNI 



Mumbai, Mar 12: The benchmark index of Bombay Stock Exchange (BSE) on Monday posted the biggest the single day gain of 610.80 points to 33,917.94 since July 2017 on strong global cues.
The Nifty of National Stock Exchange (NSE) too advanced by 194.55 points to 10,421.40.
The domestic stocks logged sharp gains on first trading day of the week with the Sensex and the Nifty hitting almost one-week high on upbeat global stocks. 
The day opened on a positive note at 33,468.16 rising by 161 points in opening trade. It remained in green througout the day. It spurted by 655 points to 33,962.48, day high before closing at 3,917.94, up by 610.80 poitns from its last close. The Nifty recorded day high and low at 10,433.65 and 10,295.45 points respectively.
Gains were led by strong buying demand in index heavyweights ITC, HDFC and Reliance Industries.
Global stocks gained as international trade-war concerns took a backseat to economic optimism following a stronger US jobs report released over the weekend.
Among secondary indices, the S&P BSE Mid-Cap index rose 0.76 pc. The S&P BSE Small-Cap index rose 0.56 pc. Both these indices under performed the Sensex.
The breadth, indicating the overall health of the market, once again turned positive from negative in late trade. 
On the BSE, 1,378 shares rose and 1,354 shares fell. A total of 168 shares were unchanged. Breadth was strong till morning trade. It turned negative from positive in early afternoon trade. 
The sectoral indices that rose were Telecom by 2.57 pc, Metal by 2.32 pc, Oil and Gas by 2.13 pc, FMCG by 2.13 pc, Bankex by 1.60 pc and Technology by 1.58 pc.
The indices that declined were Coal India by 2.26 pc to rs 297.80 and SBIN by 0.12 pc to rs 252.85.
Index heavyweight and cigarette major ITC jumped 4.34 pc to Rs 270.65 after the government kept cess on cigarettes unchanged at its GST Council meeting on Saturday. 
Index heavyweight Reliance Industries' (RIL) rose 1.97 pc to Rs 930 after the company's step-down subsidiary, Reliance Retail (RRL), has subscribed to 19.04 lakh common shares of KaiOS Technologies Inc
(KTI) at $3.675 per share, for cash aggregating to $7 million, translating to 16% of equity stake of KTI on a fully diluted basis. 
KTI is an emerging mobile operating system technology provider incorporated in the State of Delaware, USA in 2014. The announcement was made after market hours on Friday. 
Telecom stocks saw mixed trend. Idea Cellular was up by 0.32 pc and Reliance Communications up by 1.98 pc. 
While MTNL was down by 2.21 pc and Tata Teleservices (Maharashtra) fell by 3.5 pc. 
Telecom major Bharti Airtel gained 5.11 pc after the company's board of directors in its meeting held today has approved issuance of non-convertible debentures (NCDs) of upto Rs 10,000 crore on a private placement basis in such tranches / series and at such rates as may be approved from time to time on cumulative basis along with
all NCDs issued by the company; and issuance of foreign currency bonds upto a limit of USD1 billion or equivalent in one or more tranches. The announcement was made during market hours today. 
Jaiprakash Associates rose 5.38 pc to Rs 14.70 on bargain hunting after a recent slide. Shares of Jaiprakash Associates slumped 23.98 pc in seven trading sessions to settle at Rs 13.95 on Friday. 
Overseas, Asian and European equities edged higher as trade-war concerns took a backseat to economic optimism following a stronger-than-expected jobs report in the US. UNI 


Kolkata, Dec 14: British Council today announced the launching of LearnEnglish channel on Reliance Group’s instant messaging app called JioChat.
The free channel will make available high-quality English language resources in multiple formats of text, video and audio to Jio’s large subscriber base as well as to any other user who downloads the JioChat app. Video stories from British Council’s top offering English Club will also be available free of cost for JioChat users on Jio’s Explore section.
JioChat is the instant messaging app from Reliance which allows users to experience enhanced communication and also offers access to interactive engagement opportunities through branded channels, contests and learning segments.
Country Director British Council Alan Gemmell, “We are delighted to have partnered with Jio to reach out to millions of Indians and help them succeed in a highly competitive environment. English language proficiency today is a pre-requisite for growth at most workplaces and we want people from all backgrounds to have easy access to English learning and improvement resources. Indians spend a large part of
their time on their smartphones and we wanted the LearnEnglish platform to be available to them 24x7. We are excited at the prospect of Jio subscribers using their smartphones for learning and self-development purposes more often.”
LearnEnglish is a British Council resource dedicated to helping learners improve their English skills with a strong focus on conversational English. Subscribers to the channel will have access to LearnEnglish audio and video materials that have been developed to improve spoken fluency and pronunciation, and build vocabulary and grammar. They will also receive content on practical English for everyday situations at work and in life. The learning will be made dynamic and interactive by the platform that allows for subscribers to message the channel and receive immediate replies.
Given the phenomenal growth in use of smart phones and content consumption through these devices, this channel is specifically being designed for the mobile making it convenient for learners to consume byte sized content from anywhere, anytime! English Club contains a range of vocabulary sets presented in an entertaining and often humorous format. Each set contains word sets for general, intermediate and advanced learners and a special collection of business-related vocabulary for learners who need to use English as part of their job. Each word contains a fun animation
showing the word in context through natural dialogues. UNI