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Tag: Reliance

  • Reliance-Viacom18-Sony deal finally off?

    Reliance-Viacom18-Sony deal finally off?

    MUMBAI:  For a long time, media has been reporting that a deal between the Reliance-owned Viacom18 and Sony Pictures Networks is just about to be struck. That it is definitely on. Then reports surfaced that it's off. Now, here's another one harping on the latter, saying the two are not getting into bed together.

    On earlier occasions, the reasoning was that media and entertainment is too small a business for Reliance to want to continue with it; thus the assets it acquired from Raghav Bahl a few years ago would be jettisoned. Then, on others, when it appeared to have been forgotten, came the news reports that Sony wanted out as the valuation being demanded by Reliance was too high to be even considered by Sony.

    Read more news about Sony

    And even as we totally forgot that the two were even talking to each other, came reports that an arrangement would be struck by the end September-2020. And how synergies would shine when the two wedded each other. We, at indiantelevision.com looked on, with sardonic smiles on our faces, ignoring all the reams of paper that were wasted. The end of September has come and gone, and there's been no deal, nada.

    Now comes the news, that Reliance has opted out because it has had a change of heart and wants management control of the digital operations of the two firms – Voot, Voot Select, and SonyLiv and has suddenly developed a love for its media and entertainment vertical. That is a no-no for Sony. 

    Read more news on Viacom18

    "Media and entertainment is an essential pillar of Jio's business strategy," says a source. "Reliance plans to invest aggressively to grow the digital media business. There is a lot of interest from content companies and production houses in partnering with Reliance and Jio and investors are keen to back such a partnership.”

    Hopefully, it stays that way. And we hope it is the last time that the media will pay attention to this two-year-old "developing" story. 

  • Jio overtakes Hathway wired broadband subscriber base in Jun-20

    Jio overtakes Hathway wired broadband subscriber base in Jun-20

    BENGALURU: Mukesh Ambani’s Reliance Jio Infocomm (Jio) has been the largest broadband internet services provider in the country – a major portion of its subscriber base is wireless internet – through the mobile phone. However, the player is also making strides in terms of customer acquisition for its wireline broadband internet services. Per Telecom Regulatory Authority of India (TRAI) data for the month ended 30 June 2020 (Jun-20), Jio climbed up one spot to fourth place in terms of wireline broadband internet subscribers, pushing down its sister company Hathway Cable & Datacom (Hathway) to fifth rank. Overall, wired broadband internet subscriber base grew 2.29 percent month-on-month (m-o-m) to 1.982 crore (198.2 lakh, 19.82 million) in Jun-20 from 1.938 crore (193.8 lakh, 19.38 crore) in May-19. Jio’s wireline subscriber base grew 9.3 percent m-o-m in Jun-19 to 0.106 crore (10.6 lakh, 1.06 million) from 0.097 crore (9.7 lakh, 0.97 million) in May-20.

    The public sector Bharat Sanchar Nigam Limited (BSNL) had the largest wireline internet subscriber base of 0.79 crore (79 lakh, 7.9 million) in Jun-19 as compared to 0.793 crore (79.3 lakh, 7.93 million) in the previous month. Bharati Airtel (Airtel) was ranked second in terms of wireline broadband subscriber base. The telecom major closed June 2020 with 0.247 crore (24.7 lakh, 2.47 million) subscribers, up by around 60,000 as compared to the 0.241 crore (24.1 lakh, 2.41 million) wireline broadband subscribers in May-20. 

    Read more news on Hathway

    At third place was Atria Convergence Technologies (ACT) with 0.168 crore (16.8 lakh, 1.68 million). Subscribers as compared to 0.164 crore (16.4 lakh, 1.64 million).As mentioned above, Jio was ranked fourth followed by Hathway at fifth rank. Hathway subscriber base grew by 70,000 to 0.097 crore (9.7 lakh, 0.97 million) in Jun-20 from 0.09 crore (9 lakh, 0.9 million) in May-20. Please refer to the figure below:

    All Broadband Internet Subscribers

    Subscriber base across All Broadband Internet platforms grew 2.11 percent in Jun-20 to 69.823 crore (6,982.3 lakh, 698.23 million) from 68.377 crore (6,837.7 lakh, 683.77 million) at the end of the previous week. Subscriber base growth was led by Mobile devices users to 67.779 crore (6,777.9 lakh, 677.79 million) at the end of Jun-20 from 66.378 crore (6,637.8 lakh, 663.78 million) in May-30. Fixed wireless subscribers (Wi-I, Wi-Max, Point-to-Point Radio and VSAT) grew by 2.23 percent to 0.063 crore (6.3 lakh, 0.63 million) in Jun-20 from 0.061 crore (6.1 lakh, 0.61 million) above. Data for wireline subscribers have been indicated above.

    Read more news on Jio

    Please refer to the figure below:

    The top five service providers constituted 98.93 percent market share of the total broadband subscribers at the end of June-20. These service providers wereJio with 39.831 crore (3,9831 lakh, 398.31 million), Airtel 15.13 crore (1,513 lakh, 151.30 million), Vodafone Idea with 11.645 crore (1,164.5 lakh, 116.45 million), BSNL 2.3 crore (230 lakh, 23 million) and ACT with 0.168 crore (16.8 lakh, 1.68 million).

    As on 30th June, 2020, the top five Wireless Broadband Service providers were Jio with 38.725 crore (3,972.5 lakh, 397.25 million), Bharti Airtel with 14.884 crore (1,488.4 lakh, 148.84 million), Vodafone Idea with 11.644 crore (1,164.4 lakh, 116.44 million), BSNL with 1.51 crore (151 lakh, 15.10 million) and MTNL with 0.016 crore (1.6 lakh, 0.16 million).

  • Saudi Arabia’s Public Investment Fund to invest Rs 11,367 cr in Jio Platforms

    Saudi Arabia’s Public Investment Fund to invest Rs 11,367 cr in Jio Platforms

    MUMBAI: Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), India’s leading digital services platform, today announced an investment of Rs 11,367 crore by The Public Investment Fund (“PIF”). This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. PIF’s investment will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised Rs 115,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton, since April 2020. 

    With the addition of PIF’s investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India. Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology company focused on providing high-quality and affordable digital services across India, with more than 388 million subscribers. 

    Jio Platforms has made significant investments across its digital ecosystem, powered by leading technologies spanning broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain. Jio Platforms’ vision is to enable a Digital India for 1.3 billion people and businesses across the country, including small merchants, microbusinesses and farmers, so that all of them can enjoy the fruits of inclusive growth. 

    PIF is the sovereign wealth fund of Saudi Arabia and as part of its mandate to diversify its economy, has made its largest investment into the Indian economy to-date. This investment is in line with PIF’s strategy and mandate of investing in sectors and companies that generate long-term commercial returns to drive Saudi Arabia’s economic transformation as part of Vision 2030 objectives. This investment supports PIF’s mandate of building strong global investment partnerships to further Saudi Arabia’s investment reach and exposure.

    Reliance Industries chairman and managing director Mukesh Ambani said, “We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From Oil Economy, this relationship is now moving to strengthen India’s New Oil (Data-driven) Economy, as is evident from PIF’s investment into Jio Platforms. I have greatly admired the defining role PIF has played in driving the economic transformation of the Kingdom of Saudi Arabia. I welcome PIF as a valued partner in Jio Platforms and look forward to their sustained support and guidance as we take ambitious steps to accelerate India’s digital transformation for enriching and empowering the lives of 1.3 billion Indians.”

     His Excellency Yasir Al-Rumayyan, PIF governor, commented: “We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth. This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia’s economy and our country’s citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom.” 

    The transaction is subject to Indian regulatory and other customary approvals. Morgan Stanley acted as financial advisor to Reliance Industries and AZB and Partners and Davis Polk & Wardwell acted as legal counsels.

  • Silver Lake and co-investors to invest additional Rs 4,546.80 crore in Jio Platforms

    Silver Lake and co-investors to invest additional Rs 4,546.80 crore in Jio Platforms

    Mumbai: Reliance Industries Limited and Jio Platforms Ltd has announced that Silver Lake and its co-investors will invest an additional Rs 4,546.80 crore in Jio Platforms, in addition to the Rs 5,655.75 crore of investment by Silver Lake announced on May 4, 2020. This brings the aggregate investment by Silver Lake and its co-investors to Rs 10,202.55 crore. Silver Lake’s investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, and will translate into a 2.08 per cent equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised Rs 92,202.15 crore from leading technology investors in less than six weeks.

    Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology platform focused on providing high-quality and affordable digital services across India, with more than 388 million subscribers. Jio Platforms has made significant investments across its digital ecosystem, powered by leading technologies spanning broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain. Jio’s vision is to enable a Digital India for 1.3 billion people and businesses across the country, including small merchants, micro-businesses and farmers so that all of them can enjoy the fruits of inclusive growth.

    With approximately $40 billion in combined assets under management and committed capital and a singular focus on the world’s great tech and tech-enabled opportunities, Silver Lake is the global leader in large-scale technology investing. Its mission is to build and grow great companies by partnering with world-class management teams. Its investments have included Airbnb, Alibaba, Alphabet’s Verily and Waymo units, Dell Technologies, Twitter and numerous other global technology leaders.

    Reliance Industries Ltd chairman and managing director Mukesh Ambani said, “Silver Lake and its co-investors are valued partners as we continue to grow and transform the Indian digital ecosystem for the benefit of all Indians. We are pleased to have their confidence and support, as well as the benefit of their leadership in global technology investing and their valued network of relationships, as we drive the Indian digital society’s transformation. I would like to emphasise that Silver Lake’s additional investment in Jio Platforms, within a span of five weeks during the Covid2019 pandemic, is a strong endorsement of the intrinsic resilience of the Indian economy, which will surely grow bigger with comprehensive digital enablement.”

    Silver Lake co-CEO and managing partner Egon Durban said, “We are excited to increase our exposure and bring more of our co-investors into this opportunity, further supporting Jio Platforms in its mission to bring the power of high-quality and affordable digital services to a mass consumer and small businesses population. The investment momentum behind Jio validates a compelling business model and underscores our admiration for Mukesh Ambani, his team and their courageous vision in creating and building one of the world’s most remarkable technology companies.”

    The transaction is subject to regulatory and other customary approvals.

    Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels. Latham & Watkins LLP, Shardul Amarchand Mangaldas & Co and Simpson Thacher & Bartlett LLP acted as legal counsel to Silver Lake.

  • RIL announces Rs 500 crore contribution to PM CARES Fund

    RIL announces Rs 500 crore contribution to PM CARES Fund

    MUMBAI: Reliance Industries Ltd (RIL) announced a donation of Rs 500 crore to PM CARES Fund in response to the call by the prime minister to support the nation’s fight against the Coronavirus onslaught.

    RIL also informed that in addition to the financial contribution to the PM’s Fund, the company has also provided contributions of Rs 5 crore each to the governments of Maharashtra and Gujarat to support their fights against the Covid-19.

    RIL also continues its 24×7, multi-pronged, on-the-ground effort to do its bit to ensure the nation remains prepared, fed, supplied, safe, connected and motivated to fight and win against the unprecedented challenges brought upon by the Coronavirus pandemic.

    RIL has already deployed the strengths of the Reliance Family on this action plan against COVID-19. RIL and its motivated team have stepped up in the cities and villages, on roads and lanes, clinics and hospitals, grocery and retail stores, and it has pressed additional capabilities into the service of the nation.

    RIL and Reliance Foundation is leading with a significant effort that encompasses several initiatives.  These include:

    ·        Contribution of Rs 500 crore to the PM-CARES Fund

    ·        Contribution of Rs 5 crore to the Chief Minister’s Relief Fund of Maharashtra

    ·        Contribution of Rs 5 crore to the Chief Minister’s Relief Fund of Gujarat

    ·        India’s first 100 bed exclusive Covid-19 Hospital geared up in just two weeks to handle Covid-19 patients

    ·        Fifty lakh free meals in the next 10 days across the nation and scaling up rapidly to more meals and newer areas

    ·        One lakh masks daily for health-workers and caregivers

    ·        Thousands of PPEs daily for health-workers and caregivers

    ·        Free fuel across the country to notified emergency response vehicles

    ·        Jio seamlessly connecting nearly 40 crore individuals and thousands and thousands of organisations daily on its telecom backbone via ‘work from home’, ‘study from home’ and ‘health from home’ initiatives, helping to keep the country going

    ·        Reliance Retail providing Essential supplies daily for millions of Indians via stores and home deliveries

    This is RIL’s overall commitment to the nation, in addition to appropriate financial assistance from time to time. The company and its employees will be in the nation’s service daily, as an efficient support machinery for the millions of forces in the frontline – India’s doctors, nurses, health workers and caregivers, government officials, police and peace keeping forces, the transport and essential supply providers and the crores of Indian citizens who are staying at home to contribute to this fight.

    RIL particularly records its appreciation for its essential staff across the various divisions, our own heroes, who have effectively formed a second line of defence against the virus, supporting the frontline forces as well as the people fighting from their homes, and being part of the formidable buffer, which keeps the nation’s response effective and ongoing.  

    RIL remains committed to supporting India’s response to the Covid-19 challenge and will continue to build up its support till the challenge is overcome.

    RIL chairman and managing director Mukesh Ambani said, “We are confident that India will conquer the coronavirus crisis sooner rather than later. The entire Reliance Industries Limited team is with the nation in this hour of crisis and will do everything to win this battle against Covid-19.”

    Reliance Foundation founder chairperson Nita Ambani said, “As the nation comes together to fight the Covid-19 pandemic, all of us at Reliance Foundation stand in solidarity with our countrymen and women, especially those on the frontlines to whom we pledge our full support. Our doctors and staff have helped set up India’s first Covid-19 Hospital and are committed to supporting the government in exhaustive screening, testing, prevention, and treatment of Covid-19.”

    “The need of the hour is also for us to support our marginalized and daily wage communities. Through our meal distribution programme, we aim to feed lakhs of people daily across the country,” Nita Ambani added.

  • Ambani’s Reliance merges media & distribution biz under Network18

    Ambani’s Reliance merges media & distribution biz under Network18

    MUMBAI: When you are Mukesh Ambani, you think size,  you think scale. Even as speculation is running rife whether a deal with Sony Pictures is on, the chairman & managing director of Reliance Industries yesterday announced that the megacorp is consolidating its media and distribution entities under one company Network18 Media & Investments. Under the scheme of arrangement, TV18 Broadcast , Hathway Cable and  Datacom and Den Networks  will merge into Network18 Media.

     

     The appointed date for the merger shall be 1 February, the company said in a statement. It also added that the broadcasting business will be housed in Network18 and the cable and ISP businesses in two separate wholly owned subsidiaries of Network18.

     

    In one of the the biggest takeovers of the Indian media industry, Ambani had announced in 2014 that it would spend big to take complete control of Network18. The acquisition kickstarted the billionaire Mukesh Ambani’s investment in the media and entertainment industry which ballooned over the years .

     

    After the consolidation, Network18 will be an integrated media and distribution company with a revenue of Rs 8,000 crore and net-debt free at a consolidated level. The company also said that the scheme shall also simplify the corporate structure of the group by reducing the number of listed entities.

     

    According to the share exchange ratio approved by the board, shareholders will get 92 shares of Network18 for every 100 shares of TV18; 78 shares of Network18 for every 100 shares of Hathway and 191 shares of Network18 for every 100 shares of Den. Reliance Industries’ holding in Network18 will reduce from 75 per cent to 64 per cent upon the scheme’s implementation.

     

    “The aggregation of a content powerhouse across news and entertainment (both linear and digital) and the country’s largest cable distribution network under the same umbrella shall boost efficiency and exploit synergies, creating value for all stakeholders,” the company stated.

     

    “The media industry is accelerating towards being a B2C play, led both by market factors and through regulation. An integrated media play shall further increase the breadth as well as depth of the group’s consumer touchpoints, and allow for retaining a larger share of the consumer’s spend on content,” it added.

     

    Back in 2018, Reliance Industries through its network of subsidiaries acquired major stakes in Den Networks and  Hathway Cable and Datacom Limited after few days of announcement of its fiber-to-the-home service.

    The company added that the consolidation of the cable businesses of Den and Hathway in one entity will leverage the combined strength of the 27,000 LCO partners who act as the touchpoints to 15 million households in India; delivering localised, people-friendly and ultra-fast customer services. The combined broadband entity will serve 1 million wired line broadband subscribers across the country.

     

  • Jio Fiber service to launch on 5 Sept 2019

    Jio Fiber service to launch on 5 Sept 2019

    MUMBAI: At the 42nd annual general meeting (AGM) of Reliance Industries Ltd (RIL), chairman and managing director Mukesh Ambani announced the much-awaited launch date for its fibre-to-the-home service. Jio Fiber will be launched on a commercial basis on 5 September on the third anniversary of the telecom giant’s launch.

    “Jio Fiber Services to be launched on commercial basis on 5 September 2019 – on the third anniversary of Jio’s launch. (We have) plan to reach 20 million residences and 15 million business establishments in 1,600 towns,” the business tycoon announced.

    In the last AGM of RIL, Ambani announced the high-speed fixed-line broadband services for retail customers. At the time of announced, Ambani revealed that it already invested more than $250 million in the industry. While the upcoming service has been on trial run since last year, he added that trial homes are, on average, consuming more than 100 GBs every month indicating the ever-increasing usage of internet in India.

    For a smooth rollout of the fibre service, Jio also made significant investments in two large multi system operators (MSOs) of India – Hathway and Den Networks. “Over the past months, we have upgraded our MSOs’ infrastructure to world-class standards. Now LCO partners can offer the largest bouquet of high-definition channels to customers with better features, reliability and customer experience than even DTH,” Ambani commented.

    Keeping the mixed economy structure of Indian internet users, Jio Fiber’s plans have been fixed from 100 mbps speed to all the way up to 1 Gbps. The pricing will range between Rs 700 per month to Rs 10,000 per month.

    To increase user engagement, Jio Fiber is set to offer various other entertainment opportunities to its consumers. Ambani also stated that Jio Fiber consumers will have access to premium over-the-top services. Moreover, Jio Fiber will launch a premium service where customers can watch movies at home on the release day itself, which will be launched in the middle of 2020.

  • Jio GigaFiber to cost Rs 600 a month for 50 Mbps: Reports

    Jio GigaFiber to cost Rs 600 a month for 50 Mbps: Reports

    MUMBAI: The upcoming Jio GigaFiber broadband service has been the star of the Indian tech scene ever since it was launched under the public beta mode. As per reports, the base plan will offer speeds of 50Mbps and will be available for Rs 600 per month. The 100Mbps plan that has been available to Preview subscribers is expected to cost Rs 1000 per month. This will enable GigaFiber to gain a huge advantage over rival operators and draw more subscribers. A few months ago, the Triple Play Plan was also revealed costing Rs 600 per month and offering 100 GB data per month at 100Mbps speed. Jio is also likely to provide additional access to Jio’s HomeTV service which is expected to be its foray into the DTH sector. It will also offer access to a landline connection which will enable free voice service. Initially, Jio had only one plan that offered a 100Mbps connection under the preview offer in which the users would have to pay Rs 4500 as security deposit and they could access data for free. However, a few months ago, many subscribers reported that they were getting the GigaFiber connection with a security deposit of Rs 2500. With this plan, subscribers are only able to get speeds of 50Mbps and are restricted to a single-band router. Jio hasn’t declared the official prices yet, but according to reports many are expecting GigaFiber to be extremely affordable, undercutting all existing broadband operators with a strong pricing strategy. Reliance is expected to officially announce its plans within a few weeks.

  • Big Synergy appoints Rajiv Bakshi as CEO

    Big Synergy appoints Rajiv Bakshi as CEO

    MUMBAI: Reliance Entertainment's Big Synergy Media Ltd has appointed Rajiv Bakshi as its chief executive officer.

    At Big Synergy, Bakshi will take forward the mantle of enhancing multi-platform reach, driving strategic partnerships & developing the Original Content portfolio.

    Speaking about his new role, Bakshi said, “I am incredibly excited to join Big Synergy at this stage of the company's evolution into scripted shows, along with the non-scripted content. Content will fuel the next wave of growth in media. India is one of the rare markets where both television broadcast and OTT platforms continue to demonstrate robust growth. I am passionate about transformative disruptions that change consumer behaviour and will strive to create a competitive advantage and long-term value for the business and our esteemed clients.”

    On the development, Reliance Entertainment group COO Shibasish Sarkar said, “We are happy to have Rajiv on board. He comes with a wealth of experience and domain expertise. With his extensive knowledge across the television and digital medium, we are confident that he will be able to further accelerate the growth of the entertainment sector within the group.”

    An alumnus of Harvard Business School, Bakshi comes with over two decades of experience and a proven track record across TV, internet, media, telecom and consumer durable industries. He has a deep understanding of broadcast media & OTT, digital, mobile and FMCG industries.

    Previously, Bakshi was the chief marketing officer at Intex Technologies where he led the brand strategy across 4 business verticals – smartphones, electronics, durables and accessories.

    Prior to Intex, he was at Discovery Networks Asia-Pacific as VP & Head products & marketing, India & South Asia where he steered strategic development and localisation initiatives for a multi-channel portfolio for Discovery Channel serving 100+ million Pay TV households.

  • Reliance Jewels launches digital campaign for Diwali

    Reliance Jewels launches digital campaign for Diwali

    MUMBAI: With the arrival of festive season, Reliance Jewels has geared up with exceptional Dhamaka offers along with a string of services and benefits for the festive shopper.

    In addition to discounts, Reliance Jewels is also celebrating the joy of ‘Jab Dil Chahe Diwali Moment’ with its latest digital campaign. The brand launched the new campaign to reach out to the existing as well as prospective consumer base to spread awareness about safe jewellery purchase scheme, thereby making jewellery shopping a pleasant experience.

    Reliance Jewels CEO Sunil Nayak says, “The newly launched digital campaign will talk about Reliance Jewels’ special offers this festive season along with additional benefits such as complete rate protection, Full Return on Old Gold Exchange and Free Jewellery Insurance. We understand and value our customers and aim to bring only the best offers and benefits for them combined with superior quality, exquisite designs at our showrooms.”

    With the entire country coming together during this season to share joyous moments and memories, the wide variety of traditional and contemporary fine jewellery designs at Reliance Jewels makes it a one-stop shop destination for festive shopping and gifting.

    Reliance Jewels’ festive campaign advocates its relevance and existence in the customer’s entire life cycle and promises to be with them at every moment. Along with excellent offers the campaign also delivers on the value proposition to its customers.

    Reliance Jewels is present in two different formats – Standalone Showrooms and Shop in Shop (SIS). Currently operating through 58 showrooms and 36 SIS, Reliance Jewels is rapidly expanding its base across the country and is set to cross 100 point of sales before Diwali. While Reliance Jewels showrooms offer a spectacular variety of designs in its collections and has an ornament for every personality and every occasion, on the other hand Reliance Jewels Shop in Shop offers light weight, trendy and stylish fine jewellery at an affordable price.

    With maximum focus shifting towards customer centricity, new innovative designs and offering unique value proposition to its customers, Reliance Jewels is expanding rapidly. For the patrons the upcoming showrooms will provide an ethereal experience as they walk into a dazzling environment replete with alluring displays of gold and diamond jewellery against rich and opulent decor.

    The brand deals in 100 percent BIS Hallmarked Gold and every diamond used is internationally certified by independent certification laboratories. All Reliance Jewels showrooms have QC Tech Rooms for repairs and Karat Meters for customers to assess purity of gold free of cost. Apart from this the brand also offers loyalty points on every purchase.