Tag: Mukesh Ambani

  • Reliance Jio to provide 4G at Wankhede Stadium during IPL

    Reliance Jio to provide 4G at Wankhede Stadium during IPL

    MUMBAI: The telecom venture of Mukesh Ambani-led Reliance Industries, Reliance Jio Infocomm, has chosen the Wankhede Stadium to provide its 4G services through Wi-Fi.

     

    Around 30,000 people who will come to see the eighth edition of the Indian Premier League (IPL) will be able to enjoy the services. At present, the organization has started to test the 4G services at the stadium.

     

    The infrastructure to provide Wi-Fi along the entire stadium has been set up and the company has begun trials of the service. Besides, the company’s executives are working on varied factors so that high-speed services are efficiently delivered to the people.

     

    Out of the eight franchise cricket teams of the IPL, Mumbai Indians, is owned by IndiaWin Sports Pvt. Ltd., which belongs to the group of Reliance Industries. This is the main reason why Reliance Jio has chosen Mumbai’s Wankhede Stadium to offer its services. Seven T20 league matches of Mumbai Indians will be played at Wankhede Stadium. The first match at Wankhede Stadium will be of Mumbai Indians against Kings XI Punjab on 12 April.

     

    Some other league matches that Mumbai Indians will play at Wankhede Stadium will be against Chennai Super Kings on 17 April, SunRisers Hyderabad on 25 April, Rajasthan Royals on 1 May, Delhi Daredevils on 5 May, Royal Challengers Bangalore on 10 May and Kolkata Knight Riders on 14 May. Spectators of all these matches will be able to enjoy the 4G service experience. 

     

    Preparations of Reliance Jio Reliance Jio is gearing up for its official launch of 4G services. It is conducting varied tests in different regions of the country to provide efficient services.

     

    It has chosen few campuses of Indian Institute of Technology (IIT) and high-streets in some of the states, for the same. In January, the organization offered the services to many entrepreneurs from around the world who were present at Vibrant Gujarat summit held in Gandhinagar. Providing 4G internet services for four – five hours at Wankhede Stadium will be completely different than the previous trials. Cricket fans will have a different experience when they will be able to send real-time images and videos and also do video-chats with people outside, using the 4G service.

     

    Reliance Jio is the first telecom company to acquire pan-India unified licence that enables it to give 4G services. After the recently concluded government’s spectrum sale, Reliance Jio on 26 March, bagged rights to use spectrum in 13 regions across the country. 

     

    The company spent around Rs 10,077.53 crores to get spectrum in the frequency bands of 800 MHz and 1800 MHz. Reliance Industries chairman and managing director Mukesh Ambani had then said, “Jio’s seamless 4G services using proven multi-band LTE technology and supported by our large spectrum footprint will provide superior user experience for voice, video and data services in line with the best service providers in the world.”

     

  • Sun TV slams reports about stake sell to Reliance Industries

    Sun TV slams reports about stake sell to Reliance Industries

    MUMBAI: Kalanithi Maran owned Sun TV network has slammed media reports suggesting a possible sell out to Mukesh Ambani’s Reliance Industries Limited (RIL).

     

    As was reported earlier by Indiantelevision.com, media reports published on 20 March, 2015 claimed a possible takeover of Sun TV by Reliance Industries Limited (RIL) and the Bombay Stock Exchange (BSE) had sought clarification from both the companies, which are listed on the bourse.

     

    Responding to the clarification notice from BSE, Sun Group CFO SL Narayanan said, “There is absolutely no truth in the news report that Sun TV is considering a stake sale.”

     

    Echoing the same, RIL in its reply to the BSE has said, “We wish to state that there is no truth in what a website in question has chosen to write. Do please note that the reporter did not ask us about the facts.”

     

    In a notice to both, BSE had earlier in the day said, “The Exchange has sought clarification from Sun TV Network Ltd and RIL with respect to news article appearing on ET Now on 20 March, 2015 titled “Tehelka reports – RIL considering acquiring Sun TV, RIL officials meeting at Chennai office to work out deal & deal in works for last 3 months.”

       

  • BSE seeks clarification from Sun TV following media reports of RIL buy out

    BSE seeks clarification from Sun TV following media reports of RIL buy out

    MUMBAI: It was on 20 March 2015, that a media house published a speculative report stating possibilities of Reliance Industries Limited (RIL) taking over Kalanithi Maran’s Sun TV Network.

     

    Last year, RIL had shocked the media industry by taking over one of India’s largest media companies – Network18.

     

    The report further claims senior officials of RIL holding numerous meetings in Sun TV’s Chennai office to work the deal out.

     

    Mukesh Ambani led Reliance Industries, which already has made its foray into the media sector by Network18’s acquisition, if at all takes over Sun TV, will put a huge question mark on the credibility and freedom of media.

     

    Following the developments, the Bombay Stock Exchange (BSE) has sought for a clarification from both Sun TV and RIL.

     

    In a notice to both, BSE has said, “The Exchange has sought clarification from Sun TV Network Ltd with respect to news article appearing on ET Now on 20 March, 2015 titled “Tehelka reports – RIL considering acquiring Sun TV, RIL officials meeting at Chennai office to work out deal & deal in works for last 3 months.” 

     

    The reply from both the parties is awaited.

     

  • Day four of telecom spectrum bids brings in Rs 86,000 crore

    Day four of telecom spectrum bids brings in Rs 86,000 crore

    MUMBAI: While the government had set aside a reserve base price of Rs 49,000 crore for the ongoing auction of wireless spectrum, it has already received a massive Rs 86,000 crore from a total of 24 bids till 7 March. While some spectrum slots saw strong competitive bidding, other slots are yet to see the bidding, according to reports.

     

    The spectrum auction is being conducted for airwaves in the 2100, 1800, 900 and 800 MHz bands. The validity of the spectrum is for a period of 20 years.

     

    When compared to last year’s February 2014 auction, the government had received total bids of over Rs 62,000 crore. In the ongoing auction the first day itself collected Rs 60,000 crore!

     

    This figure further rose to Rs 66,000 crore on 5 March, followed by Rs 77,000 on 6 March. Day four on 7 March meanwhile saw bids touching a massive Rs 86,000 crore. This figure is easily expected to touch to Rs 1 lakh crore on 9 March. The amount will vary depending on how much these telecom companies are willing to spend to hold on their present spectrum in the vital 900 MHz band. Companies will also keep an eye on 3G spectrum in 2,100 MHz band. The bands of 2,100 MHz is up on sale with a reserve price of Rs 3,705 crores per MHz. The two bands that may witness the highest bids are 800 MHz with reserve price of Rs 3,646 crores per MHz and 900 MHz with reserve price of Rs 3,980 crores. Besides, the government has fixed the reserve price at Rs. 2,191 crores for 1,800 MHz band.

     

    According to a statement by Fitch Ratings, telcos are likely to cough at least $13 billion in the auctions – over 75 per cent of which is likely to be contributed by the top-four telcos i.e Bhararti Airtel, Vodafone India, Idea Cellular and the newest entrant Reliance Jio.

     

    The top-three telcos – Bharti Airtel, Vodafone India and Idea Cellular could cough up around $2.5 to $4.5 billion each to renew their expiring spectrum in six, seven and nine Indian circles respectively. On the other hand, Tata Teleservices and Uninor may either bid for few 3G frequencies or try and broaden the range of their 2G spectrum. Idea has been pushed to the wall clearly as it needs to retain its existing spectrum, which is expiring in circles that contribute around 70 per cent of its annual revenue.

     

    Similar revenue contributes 45 per cent and 35 per cent of annual Indian revenue for Vodafone and Bharti, respectively. If these companies want to continue offering their services it is mandatory for them to bid for their spectrum as their permit is expiring in 2015-2016.

     

    The ambitious Reliance Jio project, part of Mukesh Ambani owned Reliance Industries, which plans to roll out its services in 2015 with an investment budget of $12 billion, is likely to fill its spectrum gaps in the 1,800MHz band. The Fitch report feels Jio will probably focus on data services using “long-term evolution” technology, with its ownership of 1,800MHz spectrum in 14 circles and a pan-India spectrum in 2,300MHz. However, as occasionally seen in the earlier auctions, Reliance Jio could push up the spectrum price in 900MHz for other telcos, if it chooses to do so, as the auction mechanism hides the identities of participants.

     

    According to data by the Department of Telecommunications, Assam is the hot favourite with access demand in three circles it is available. Gujarat, Maharashtra, the North East, Punjab and Odisha circles are most sought after in the 800 MHz segment while West Bengal and Himachal Pradesh circles are a hit in the 900 MHz segment.

     

    The total spectrum that the government put up for auction is 103.57 MHz in the 800 MHz band, 177.8 MHz in the 900 MHz band, 99.2 MHz in the 1800 MHz band and 85 MHz in the 2100 MHz band.

     

    The eight telcos battling it out are Bharati Airtel, Vodafone India, Idea Cellular, Reliance Communications, Telewings Communications (Uninor), Aircel, Tata Teleservices, and Reliance Jio.

  • RCom and Twitter partner for Cricket World Cup 2015

    RCom and Twitter partner for Cricket World Cup 2015

    MUMBAI: Reliance Communications has partnered with Twitter to provide customers with the most comprehensive platform to follow the excitement and global commentary as the world’s 14 cricketing nations compete for the tag of the champion team.

     

    By allowing its users new ways to connect and engage on Twitter and follow the six week tournament, Reliance Communications will look to drive internet adoption and usage during this iconic event, and help drive greater recharges and create stickiness around data usage.

     

    Reliance Communications consumer business CEO Gurdeep Singh said, “We are delighted to partner with Twitter to offer this unique service to all cricket fans for a unique World Cup experience.”

     

    “Cricket is best enjoyed with friends and the fun doubles when you can share exchange with all friends instantly. It is with this thought that Reliance has made Twitter free and inclusive, so that our customers can get the most of this World Cup,” he added.

     

    One unique aspect of this service is that customers who do not have a Twitter account can also access cricket related Tweets by logging on towww.rcom.co.in/cricket on their mobile phones throughout the duration of this global event.  RCom customers can engage with players, commentators and celebrities, watch exclusive pictures and videos and of course remain updated with all the latest scores without incurring any data charges.

     

    On the other hand Twitter India and SE Asia director of business development Arvinder Gujral commented, “As a platform for live, public conversations, Twitter has changed the way people connect with sporting and global events including cricket tournaments. All the exciting action on and off the pitch as well as the roar of the Indian cricket fans from Jamagar to Itanagar, and Srinagar to Coimbatore, will be heard on Twitter. Through this partnership, Reliance Communications will enable millions of subscribers across the country to join this cricket party for free and in real-time via Twitter.”

     

    Customers will also be able to follow their favourite accounts and get updates without any data charges from Team India, BCCI and its players, including skipper MS Dhoni, or vice-captain Virat Kohli, the voice of Indian cricket Harsha Bhogle, as well as international legends like Vivian Richards  and Shane Warne, amongst many others. Reliance will also encourage users outside the Reliance network to participate in various interactive contests on Twitter on its account @RelianceMobile. Participants could win miniature bats as souvenirs.

     

    In addition to this, Reliance has launched an exclusive Cricket Portal wherein Reliance customers can download exciting content related to the event like match highlights, commentary, and behind the scenes images. All a customer has to do is go to ICCCWC2015.rcom.co.in.

     

    Reliance has also announced an exciting and fun recharge offer where customers who recharge with certain data packs will get free data depending on the runs scored by India during their games. So for a Rs 177 data recharge (Circle-specific MRP), each run India scores will give them an additional 2MB of extra data absolutely free. And if India wins the match, the free data will be doubled.

     

    Through its initiatives and offers, RCom will bring its customers right into the action as the greatest cricketing spectacle takes center stage.

  • Reliance Jio president Sumit Chowdhury quits

    Reliance Jio president Sumit Chowdhury quits

    MUMBAI: Telecom operator giant Reliance Jio Infocomm president Sumit D Chowdhury has decided to put down his papers from the telco to begin his new venture. Speaking to PTI, Chowdhury said, “I have quit to start my own venture. It is in the field of smart cities.”

     

    Chowdhury had joined the company in September 2012 wherein he worked as the chief information officer (CIO) for a period of one year, before assuming a business leadership role. Here, he was responsible for building the ecosystem of companies that would help build solutions on top of Jio platforms and network to provide consumer services.

     

    Chowdhury’s exit comes a month after its managing director Sandeep Das was shifted to its sister concern Reliance Retail.   Last year in March, Arvind Rao who was looking after the innovation business and strategies for the company, put down his papers to pursue his own interest. Later in the year the company’s human resources head Steve Correa, also bid farewell to the company.

  • Reliance Jio Infocomm rolls out free 4G wi-fi service in Kolkata

    Reliance Jio Infocomm rolls out free 4G wi-fi service in Kolkata

    KOLKATA: Reliance Jio Infocomm, the company owned by Mukesh Ambani’s flagship Reliance Industries, has rolled out a free 4G wi-fi service at Park Street, in Kolkata. With this, the city is likely to be wi-fi enabled in the next two months.

     

    “Park Street is the first wi-fi zone in Kolkata. In around next two months, the whole city will be connected with wi-fi,” said West Bengal Chief Minister Mamata Banerjee while inaugurating the Wi-Fi.

     

    The Chief Minister further said that the company has laid down the cable connectivity covering 2,000 km, and around 250-300km cable laying work is likely to be completed soon. “Reliance Jio Infocomm has completed more than 90 per cent of the work,” she said.

     

    With this free wi-fi, Banerjee said that Kolkata will be the first global knowledge hub in the country. “This will transform Kolkata into a networked society – smart, simple and secure,” she said.

     

    Banerjee made the announcement of wi-fi service at the inauguration of the 39th Calcutta International Book Fair.

     

    The company, which is investing around Rs 3,300 crore to roll out 4G in Bengal, plans to offer the free service as part of a sampling experiment. The official commercial launch will take place later.

  • “We know we have to work on awareness level,” says Epic’s Mahesh Samat

    “We know we have to work on awareness level,” says Epic’s Mahesh Samat

    One of the newest entrant in the Hindi general entertainment channel (GEC) space, Mahesh Samat’s Epic, which was launched on 19 November, 2014 has been gaining momentum on the rating chart ever since.

    “I would want my kid to watch Epic,” says a media planner when contacted to know how the channel has been performing.

    The news of the former Disney executive launching Epic Television Network had first broken in 2012. Labeled as India’s first genre-specific Hindi entertainment channel, it was supposed  to be launched by August 2013. However, due to the delay in getting the licence from the Ministry of Information and Broadcasting, the venture backed by Anand Mahindra, Mukesh Ambani and Rohit Khattar, focusing on Indian history, folklore and mythology, had to wait a long time to entertain the audiences.

    Nonetheless, Samat is happy with the progress and the pace in which the channel is moving. “Ratings wise we are somewhat on track. And there is market for segmented content,” he says.

    The channel, which shows finite weeklies, aims to change the way “entertainment” is categorised today. Samat believes that there are enough people in urban India who want to watch mythology and know about the historical aspects of the country. The channel, though slightly male skewed, while conventional GECs are heavily female skewed, aims to entertain the whole family.

    With an array of fiction and non-fiction shows, all enlightening the viewer of the history gone by, the channel has got on board a new breed of producers and changed the way a story is told. Face Entertainment’s Monia Pinto, who has worked on numerous lifestyle shows, is producing non-fiction shows like Sanrachna and Lost Recipes for the channel.

    Unlike the other shows she has worked on, the series on Epic intellectually stimulates her and her team, thanks to the research which goes into creating them. “We invest a lot of time in research so basically we have to study the subject thoroughly. The team at Epic also does its homework well on a subject so when we go back to them, we merge the ideas and studies to come up with a brilliant piece of work,” she says.

    Speaking on Ekaant, which takes one through abandoned roads, alleys of some of India’s historic locations, Pinto highlights that two researchers work on a project and visit the place, speak to historians to get the facts and story right. “Sometimes it takes us even a month to just study about 2 or 3 monuments,” she says while adding that things have fasten as they are more adjusted with the work as compared to when the production house started off work for the channel. The most difficult part is to get the right people to talk about on the subject as everything has to be very authentic.

    Happy with most production houses working with the channel, Samat believes the work which has been produced is better than what is already out there. Considering the shows are finite, Samat believes it is very difficult to tell a tale in limited episodes as the genre is vast. “There has to be passion for the work and the story else we won’t be able to differentiate from the rest,” he opines.

    Shot on sets as well as on locations, the channel is not worried about the cost which has gone in producing the shows. “Both fiction and non-fiction have worked for us and for us the channel is a long term project as we have invested anything from six months to two years on the programmes,” states Samat.

    Siyaasat which is based on Indu Sundaresan’s novel, ‘The Twentieth Wife,’ is the story of a pawn that charted Mehrunissa’s way to power to become Nur Jahan, the Mallikaa of Hindustan and was shot in Bikaner as well as sets in Mumbai. “Adoptions need research too; but for us the main approach lies in telling the story without being melodramatic,” says Green Light Productions Rishabh Sheth on what differentiates historical shows on Epic from the rest of the channels.

    “Unlike other dailies, we are weekly which gives us enough time to work on pre and post production of an episode,” states Sheth who believes sometimes in a historical show liberties can be taken to make a character glossy to become more liked by the audience.

    At the launch of Chakravartin Ashoka Samrat, Colors CEO Raj Nayak had said that historical and mythology as a genre has great potential. “One can tell a story from various perspectives and still not lose the essence of it if treated well,” he had said on the growth in the genre. For instance, Dharmakshetra, a courtroom drama, unearths the buried questions and allows the legendary characters of Mahabharata to justify their actions for the very first time.

    Though all the blocks are fitting well for the channel, there is still a few missing links. “The content is good, but how many know of it is the question,” points out a media planner and adds, “The channel is not for family viewing as they prefer to watch dramas. It caters to a niche audience, which is interested in the content.”

    Samat too agrees with the fact and says, “Yes, for us the fundamental issue is awareness as it is lower than what we would expect it to be.” With new shows coming up, the channel will start a massive second phase of marketing.

    “Content is conventional and has created a lot of buzz for the channel on the social media, hence, again the focus of marketing will be digital,” says Samat and adds that unconventional route will also be taken. It is planning to launch school programmes across the country soon.

    As for the inventory, the channel is still taking it slow. “The industry has given us positive response but we still want to give them a little more time. Another six months and I guess we should be able to talk on the subject,” answers Samat when asked about the response from the advertisers. The channel currently has Aquaguard, HP, Tata Motors and Foodpanda on board.

    He, just like the others, is waiting for Broadcast Audience Research Council India (BARC) to start releasing data. “Things will change once BARC comes into play,” he opines.
    Nonetheless, it will follow the two minute ad-cap. On Information and Broadcast Minister Arun Jailtey comment of not being in favour of ad cap, Samat says that which way the regulations go, the channel will follow them. However, for him, the audience will be the judge as he doesn’t want to spoil the television viewing for them.

    Monetising through digital is also on Samat’s plan of action. “Our content is for the future and whenever we are ready for it, we will opt for digital subscription model,” says Samat, who is optimistic about the growth of the medium in the country with 4G coming in soon. That’s not all; he also believes that the content will be so rich and unique that it can be sold to the world.

    With a reach of 35 million+ homes, the HD pay channel, also available in down-scaled SD version comes with a subscription rate of Rs 55 while SD is available at Rs 10.5. For planners, the cost is too much especially when audience is used to getting a number of channels at a very minimal rate. “In a country where one TV home still outdoes homes where there are more screens and popular GECs available on nominal cost, why would one pay that much?” asks a media analyst.

    The analyst isn’t convinced that the channel will be able to monetise well on the digital platform.  

    Listening to all the suggestions and working on the same, Samat believes that the channel has a long way to go and things will alter depending on the future.  The channel with the primetime slot of 8:30 pm to 11 pm, currently is focusing on the awareness of it in the Hindi speaking market (HSM).

  • Viewers to decide CNBC-TV18’s top business icons

    Viewers to decide CNBC-TV18’s top business icons

    MUMBAI: Choosing an icon is never an easy task especially in a country like India where many have strived and done their bit to make the country proud.

     

    Economic growth being utmost importance; over the last decades, India has witnessed a flurry of business thinkers turn into history makers, reinventing its economic growth. To salute them, CNBC-TV18, which is celebrating its 15 years, has launched an initiative called Indian Business Icons.

     

    The endeavour is to form a league of the most powerful business icons that the people of the country think have had a monumental impact, not only on their lives, but also on the Indian economy.

     

    The channel has unveiled the list of the top 30 business icons, arrived at by a robust editorial process. The list includes leaders such as Ratan Tata, Anand Mahindra, Kishore Biyani, Deep Kalra and Kiran Majumdar Shaw amongst others.

     

    Asked upon how were the icons shortlisted, a channel spokesperson highlighted, “These names were shortlisted after an extensive process of going through leaders who have impacted Indian economy in the past 15 years. An eminent jury was drawn up that consisted of the top editorial faces at CNBC-TV18 such as Shereen Bhan (managing editor) and Senthil Chengalvarayan (editor in chief) amongst others.”

     

    The initiative will let people have the power to vote for their own business icon, someone who has significantly changed lives, in the past decade and a half via missed calls, Facebook, Twitter and website voting.

     

    The final list of the chosen 15 business icons will be selected on the basis of public voting, which will be audited by independent auditor Grant Thornton.

     

    “We wanted the final list of 15 to be as close to the real truth as possible and decided that the final decision should lie with those who matter – the people of India. Each of these great men have not only impacted the economy at large but have also touched the lives of Indians in many ways. CNBC-TV18, for the first time in India, provided a platform for the public to decide, which leader according to them deserved to make the cut,” added the spokesperson.

     

    To highlight these icons, the channel has created especially packaged short films (two to three minutes) on each of the nominations. These short films have been running on the channel for some time now. Each film looks at the key high points of the nominee’s contribution to the Indian economy in the past 15 years, hence, the reason for their nomination. “It allows our viewers to make a rational decision while voting. Apart from this, our top anchors discuss the dynamic voting results almost on a daily basis as it throws up interesting rankings,” added the spokesperson.

     

    Additionally, an extensive on-air as well as off-air (digital, radio, print and social media) promotional campaign has been designed for the same.

  • Reliance Retail reports 3.5 times y-o-y operating profit; revenue up 19 per cent

    Reliance Retail reports 3.5 times y-o-y operating profit; revenue up 19 per cent

    BENGALURU: Reliance Industries Limited’s (RIL) retail segment – Reliance Retail (RR) is a tiny fraction of the Rs 434,460 crore revenue that India’s largest private corporate reported in FY-2014. However, this segment has been growing consistently, quarter on quarter.

     

    For the quarter ended 31 December, 2014 (Q3-2015), RR reported an 18.9 per cent growth in revenue to Rs 4686 crore from Rs 3941 crore in the corresponding quarter of the previous year. Q-o-Q, the segment reported a 12.5 per cent revenue growth from Rs 4167 crore reported in Q2-2015. For the nine month period ended December 31, 2014 (9M-2015), RR reported 17.9 per cent growth in revenue to Rs 12852 crore from Rs 10903 crore in 9M-2014.

     

    RR reported 3.5 times y-o-y operating profit (Earnings before interest and tax – EBIT) in Q3-2015 to Rs 133 crore compared to the Rs 38 crore in Q3-2014 and 34.3 per cent growth from Rs 99 crore in Q2-2015. For 9M-2015, RR reported EBIT of Rs 313 crore, a growth of 232.9 per cent from Rs 94 crore in 9M-2014.

     

    Comparatively, RIL reported a 20.4 per cent drop in consolidated revenue in Q3-2015 to Rs 96330 crore from Rs 121077 crore in Q3-2014 and a 15.5 per cent drop from Rs 113396 crore in Q2-2015. For 9M-2015, RIL reported a 6.6 per cent drop in consolidated revenue to Rs 317631 crore from Rs 340131 crore in 9M-2014.

     

    RIL consolidated net profit decreased 4.5 per cent to Rs 5256 crore in Q3-2015 from Rs 5502 crore in Q3-2014 and a 12 per cent drop from Rs 5972 crore in Q2-2015. For 9M-2015 consolidated operating profit rose 3.4 per cent to Rs 17185 crore from Rs 16612 crore in 9M-2014.

     

    RIL chairman and managing director Mukesh Ambani said, “Our focus on operational efficiency and the superior configuration of assets helped us deliver an industry-leading performance in the refining and petrochemicals business despite sharp decline in crude and feedstock prices. The performance also highlights the robustness of our risk management and proficiency of people and processes across the integrated chain. We continued to advance our refining and petrochemicals business capital investments, which will come to fruition over the next 4-6 quarters. These investments demonstrate our commitment to creating value through the business cycle. During the quarter, Reliance Retail registered Y-o-Y growth of 19% in turnover with improved margins and profitability.”

     

    Company Speak

     

    Reliance Retail now operates 2,285 stores across the country. RIL, in its press release, says that RR saw net addition of 279 stores during the quarter accelerating the pace of store opening to over three stores a day. The value formats added 15 new Reliance Fresh stores to its network in the quarter and further consolidated its position as the largest grocery retailer in the country. Strong private label offering continued to attract consumers thereby becoming a favored option against established national brands. Reliance Fresh Direct, home delivery of fresh grocery currently being piloted in a limited territory is showing encouraging response.

     

    Reliance Market continued to expand and further consolidate its position as the largest Cash and Carry operator in the country. Reliance Market continued additions to its store network, reaching out to more and more kiranas, traders and institutions as partners across the country. Reliance Market serves over 15 lakh registered members.

     

    Digital format sector kept up the pace of expansion through Digital Xpress Mini, a format that is positioned towards serving communication and mobility needs. In a short period, the format has established itself as the largest mobile phone retail chain in the country. During the quarter, the sector added 231 stores taking the total store count of the sector to 920.

     

    The Fashion and Lifestyle sector witnessed strong growth during the quarter owing to a relentless focus on providing customers with fashionable, high quality products at great value. During this period, Reliance Trends crossed the milestone of operating stores in over 100 cities thereby extending their reach to fashion seeking customers.

     

    Reliance Retail grew its presence through its partnerships during this period. Its partnerships with Marks and Spencer and Grand Vision continued expansion and witnessed strong sales growth from existing stores. Reliance Brands partnered with ABG Juicy Couture, LLC for a distribution agreement for the brand, Juicy Couture in India.