Archive for September, 2015

Reliance Foundation Junior NBA Program to expand its Reach

September 30, 2015

The joint initiative of Reliance Foundation and the National Basketball Association (NBA), Reliance Foundation Junior NBA program, is a basketball program launched for the youth.

Expansion of the program

The Foundation announced that the program expects to involve over 1.5 million young basketball players and 2,700 physical education (PE) instructors and coaches in 2015 – 2016.

Reliance Foundation Junior NBA program aims to promote the values of basketball and positively influence the lives of young boys and girls of the country. 2,200 schools have participated in the program this far. These schools include basketball in their PE curriculum, through which they inspire youngsters to adopt a healthy and active lifestyle.

This is the third year of the program, which will soon expand its reach from 8 to 14 cities. Some of the cities to be includedare Jaipur, Delhi, Mumbai, Ludhiana, Kolkata, Chennai, Chandigarh, Kochi, Bengaluru, Lucknow, Jalandhar, Kottayam, Hyderabad, and Ahmedabad. The program will run from September and end in March, next year.

Views of the organizations

A spokesperson of Reliance Foundation expressed the organization’s delight as the program is expanding its reach. The program has impacted the lives of many children through the game of basketball. The Foundation expressed its gratitude towards NBA for its resources and expertise and also thanked the coaches, schools and PE teachers for their support.

NBA India Vice President and Managing Director, Yannick Colaco said that the program not only makes the youth active, but also inculcates values like leadership and teamwork in them. He stated, “On the heels of Sim Bhullar becoming the first player of Indian descent to play in the NBA and Satnam Singh becoming the first Indian-born player to be drafted into the NBA, children in India are as excited as ever about trying the game, and the growth of our program will ensure we get basketballs in the hands of even more boys and girls across the country.”

Sketch of the program

The Reliance Foundation Junior NBA program does not levy any charges on the participants. It trains the local coaches. The program also includes in-school basketball clinics and elite training camps.

NBA International Basketball Operations staff will be present in each of the cities to supervise the program for three months. Finals will be held in each city with 3-on-3 and 5-on-5 competitions.All the schools will be equipped with basketballs, cones, an India-specific coaching guide with curricula for in-school and after-school programs, and a poster of Reliance Foundation Junior NBA to encourage students’ participation. Additionally, all the cities will conduct three ‘Mini Hoops Weekends’ that will have fun basketball activities for children.

Since the launch of the program in 2013, over 10 lakh youth from 1,000 schools of 9 cities have participated in the program.The initiative has providedthem with over 15,000 basketballs and 300 basketball rims. In addition, 2,000 PE teachers have received training from NBA International Basketball Operations staff.

Popular NBA names like Bruce Bowen, Swin Cash, Muggsy Bogues, Tamika Catchings and Sim Bhullar have come to India to extend theirsupport tothe program.

Summary

Reliance Foundation Junior NBA program will expand its reach for the year 2015 – 2016 to involve 1.5 million young basketball players and 2,700 PE coaches from 14 cities across the country.

Nita Ambani and her Successful Business Ventures

September 21, 2015

Nita Ambani, the wife of India’s richest man, has her own identity in the business world. She is the Founder and Chairperson of Reliance Industries’ philanthropic arm, Reliance Foundation.

Exhibition at Chicago

Reliance Foundation is the lead sponsor of the exhibition, ‘Gates of the Lord: The Tradition of Krishna Paintings’ at the Art Institute of Chicago.

The exhibition is a first for the Hindu sect that goes by the name of Pushtimarj, and it gives their unique culture a level of global exposure it has never enjoyed before. Pushtimarjis a religious community founded byVallabhacharya in the 1500s. The people of this sect are devoted to Shrinanji, a form of Lord Krishna as a child. They dedicate paintings and textile hangings known as pichvais to Shrinanji. Around 100 depictions from their private collections are now on display at Chicago.

Ambani has expressed her desire to promote India’s art and culture since the inception of the Foundation, five years ago. She was presented with an opportunity to further this goal when members of the Art Institute of Chicagoapproached her. According to her, spreading Lord Krishna’s message of love, peace, and harmony is also deeply personal, as the Ambani family are followers of Shrinanji.

Other business ventures

Nita Ambani is involved in several other business and charitable ventures, too. She is the Chairperson of Sir H N Reliance Foundation Hospital that was inaugurated by Prime Minister NarendraModi in October 2014. Located in South Mumbai, the hospital boasts state-of-the-art facilities and a 345-bed capacity!Celebrities like Sachin Tendulkar, Aamir Khan, Amitabh Bachchan and Kareena Kapoor Khan, among others, rubbed shoulders at the event. The hospital is already playing a pivotal role in the rapidly growing telemedicine sector.

Ambani also launched the Indian Super League, last year to promote football in India. The league is the fourth largest in the world and it drew the fourth largest stadium attendance in the world in its very first season!The league has been greeted with a great deal of enthusiasm fromthe teams, franchises and the fans. It aims to develop football from the grassroots level and will serve as a platform for Indian talent on a global stage.

She is also the founder and chairperson of the reputedDhirubhai Ambani International School, which has been rated as the best global school in India according to Education World India School Rankings. It has now earned the coveted top spotfor two consecutiveyears. Despite her involvement in such diverse ventures, she continues to enjoy high levels of success in all her endeavours.

In addition to these projects she has also spearheaded a tree plantation campaign and oversaw the plantation of 3 million trees in the Jamnagar area, where a Reliance Industries refinery complex is located. For an upcoming project, she is planning a convention and performing arts center in Mumbai that will be opened in 2018.

Reliance Jio’s rural connectivity project

Mukesh Ambani, her husband and Chairman of Reliance Industries, is setting up a roll out of a huge 4G network across India. The telecom arm, Reliance JioInfocomm has now begun to lay fiberoptic cablesin the state of Meghalaya to enhance rural connectivity.

The company has finished 64% of its infrastructural work. Out of the total 6,459 villages, 890 villages will enjoy the benefits from the first phase of Reliance Jio’s project. The project is scheduled to be completed in 2018.

Summary

Nita Ambani is successfully looking after projects of Reliance Foundation, Sir H N Reliance Foundation Hospital, Indian Super League and Dhirubhai Ambani International School.

Nita Ambani, the Name behind Reliance Foundation

September 14, 2015

Nita Ambani became a part of Reliance Industries’ board in June 2014. She holds the second most important position in the country’s biggest and most profitable private company. Ambani looks after an annual business of Rs. 1,566 crore. She is the Founder and Chairman of Reliance Industries’ philanthropic arm, Reliance Foundation. The parent company announced an investment of Rs. 805 crore for its Corporate Social Responsibility (CSR) in the Financial Year 2014 – 2015. Reliance Foundation spent an additional Rs. 761 crore for its CSR activities.

Zia Mody, an old friend of Ambani said that every responsibility is a learning process. Anybody who has a wide experience in being a board member will face challenges in Reliance Industries’ board because of its large-scale businesses.

Ambani’s work for the hospital

Ex-Chief of Council of Scientific and Industrial Research (CSIR), R. A. Mashelkar, who is also a Board of Director at Reliance Industries informed that Ambani takes care of the details of all her tasks.During the launch of Sir H.N. Reliance Foundation Hospital, Ambani approved the staff uniform, building design, the menu for patients and inauguration by Prime Minister NarendraModi. She also had planned every minute of the event.

She has given a new meaning to patient care. She gave her nod for hi-tech Burlodge trolleys. These trolleys are used to serve food for patients and may store both cold and warm food. One trolley is as expensive as a car. Ambani introduced music in the MRI rooms to soothe the patients. Besides, she also got windows installed in the ICUs so that patients are exposed to natural light.

Ambani makes everyone feel a part of the Reliance family. She will inquire about family members and also about their health. Moreover, she had made the first meal of the hospital kitchen with her hands.

Reliance Foundation has touched the lives of 4.5 million people. Its health program has consulted 2.9 million people.

Reliance Foundation’s flagship program

Sudarshan Suchi, an employee of the Foundation, said that when Ambani first called him to discuss the Foundation in 2010, he asked her about the focus. To which, she replied, “Whatever it will take to make India a developed nation before we are in the 100thyear of independence.”

The Foundation then came up with its flagship program, Bharat India Jodo (BIJ) aimed at rural transformation. Ambani aimed that the rural India should be at par with the modern, urban India. She had asked her teammates to work where the poorest people of the country live. She asked them to go where no other organization had reached and said that it need not be near Reliance Industries’ establishments.

Ambani’s work for education

Nita Ambani dreamt of an international school in 2002. She aimed to build a school keeping the child at the center. Zarine Munshi, the Academic Project Director at the Dhirubhai Ambani International School said that Nita Ambani had involved herself completely in the initial years of the school. She used to visit the school early in the morning. For the first 5-6 years, she knew every child by name. She also conducted workshops for teachers to know what values to cultivate in children.

The Foundation runs 13 schools now and teaches more than 15,000 children. Ambani’s newer objective is to build a school for the special children.

Summary

Nita Ambani, the Founder of Reliance Foundation, has made an immense and personal contribution for the overall care and development of the people.

Reasons why Reliance Jio is offering its Wi-Fi Services Pre-launch

September 8, 2015

Reliance Jio has initiated its Wi-Fi services in many state capitals and tourist locations before its commercial launch. Places like Bhubaneswar, Surat, Mussoorie, Kolkata, Lucknow, Baroda and Ahmedabad already enjoy high-speed Wi-Fi services. Some other cities will also be added the list in a couple of months.

This indicates that the company is rapidly expanding its Wi-Fi facilities. The reasons for this are discussed below.

Receive feedback

The pre-launch deployment of services will help the company to test them. Reliance Jio will take feedback from users from different cities. It will understand how its varied applications pertaining to news, education, entertainment, business, payment and healthcare are performing in different places at varied speeds. Reliance Jio will then be able to improve and upgrade its services and provide a seamless and superior experience while formally launching the services.

Compete with BSNL

Bharat Sanchar Nigam Limited (BSNL) is quickly installing Wi-Fi hotspots. It has already installed 300 hotspots in 25 cities. The company has aimed to install over 1,000 hotspots before the end of this financial year. To give a stiff competition to BSNL, Reliance Jio is installing Wi-Fi hotspots in different locations of the country.

Popularize 4G

Reliance Jio will be launching its commercial 4G services. It has planned to conserve 4G spectrum. It wants to popularize the use of 4G, which is being done by the Wi-Fi hotspots. Reliance Jio holds 2300 MHz spectrum all over the country and 800 MHz and 1800 MHz spectrums in 20 regions out of the total 22. The company will be using these spectrum bands to offer efficient 4G services using Long Term Evolution (LTE) technology. This will help Reliance Jio in the future as users may conserve on the licensed spectrum and make use of unlicensed spectrum. It will increase their time of using the services. After 4G LTE service is launched, Wi-Fi and LTE networks will work smoothly together.

Smart City initiative

The government has launched its Smart City program. The Ministry of Urban Development has also given the names of 98 cities that will be transformed as smart cities. Reliance Jio is planning to go to the next phase as soon as the proof of concept for smart cities is confirmed. To reach there, the company will have to initiate Wi-Fi service. Thus for pushing the Smart City program, Reliance Jio is targeting different places for offering its Jionet Wi-Fi services.

Services of Reliance Jio

Reliance Jio is offering its Wi-Fi services in Hazratganj area of Lucknow; Governor House Road, Gopabandhu Chowk, Orissa University of Agriculture and Technology (OUAT) and Surya Nagar areas of Bhubaneshwar; Mall Road, Nagar Palika building, Gunhill and Landaur Bazar areas of Mussoorie. Mussoorie is the first hill station to get high-speed Wi-Fi service.

Reliance Jio has set up a network of around 2.5 lakh route kilometers of fiber optics. This will serve as the backbone of Digital India. Besides, Reliance Jio will increase this fiber footprint by twice in the next 3 years.

Summary

Reliance Jio Infocomm Limited is rapidly deploying its Wi-Fi services in different cities of the country to get a feedback, compete with other companies, popularize 4G and push the Smart City initiative.

Reliance Industries receives a Nod to Sell Cooking Gas to Private Marketers

September 2, 2015

According to a recent government order, the leading private conglomerate, Reliance Industries Limited has been given a nod to sell a maximum of 1.2 lakh tons of its output from cooking gas. The Mukesh Ambani-led company is permitted to sell the Liquefied Petroleum Gas (LPG) output to private cooking gas marketers.

Specifications of the order

The order came from the Ministry of Petroleum and Natural Gas. It is valid from 1st April, 2015 to 31st March, 2016. The order is subject to Reliance Industries importing similar quality for supplying to oil marketing companies (OMCs) that are operated by the State. The company will have to import same quantity of produce and provide it to the state-run OMCs at the same or lower price.

The order states that all the cooking gas produced in the country should be given to the public oil companies. This is because LPG production in India is lower than its requirement. However, as per the Parallel Marketing Scheme (PMS), private companies in India may import and market the cooking gas to bulk consumers.

Reliance Industries is allowed to sell cooking gas produce up to 10,000 tons a month to private marketers. This validity will end at the end of FY 2015- 2016 or till its LPG import facility at Kandla Port in Gujarat is re-initiated or till any further orders are given. The Ministry had issued the order in August 2014 and its earlier validity was 31st March, 2015.

The order from the Ministry stated, “Since the earlier notification dated August 6, 2014 was expired on March 31, 2015, this notification is being issued with effect from April 1, 2015 to give continuity to the notification dated August 6, 2014. No one is adversely affected by giving retrospective effect to this notification.”

Impact on business of Reliance Industries

Reliance Industries is the biggest single location LPG producer in India. It has a vast network and provides cooking gas to around 10 lakh customers. The majority of these are rural customers. The company also supplies cooking gas to 134 auto LPG outlets. Currently, 183 parallel LPG marketers are present in India.

Reliance Industries had earlier opposed the government’s order. It said that it was giving domestic LPG to private companies as there was no such rule prohibiting this and State-run OMCs did not agree to pay at the market rate.

The subsidiary of Reliance Industries, LPG Infrastructure India Limited (LIIL) is undertaking parallel marketing of LPG. It has a notable number of customers. It informed the Ministry that the order to restrict Reliance Industries from marketing the cooking gas will deny fuel to its rural customers. The customers in rural areas of Gujarat, Madhya Pradesh, Maharashtra and Rajasthan will be adversely affected.

In February, last year the government had asked Reliance Industries to cease the retailing of cooking gas produced from its plants at Jamnagar, Patalganga and Hazira.

Summary

The government has allowed Reliance Industries Limited to sell its cooking gas, LPG output up to 1.2 lakh tons to private cooking gas marketers.