$2.25 Billion to be Raised by Reliance Industries Limited for Jio’s Expansion

February 1, 2017

Mukesh Ambani led Reliance Industries Limited (RIL) is setting new standards with its business operations and active involvement in various areas, including its oil refinery business and telecommunications project. The company is now planning to raise approximately $2.25 billion, which is expected to be amongst the largest offshore debt issues by a corporate company in India. RIL intends to do this mainly because it wants to replace high-cost borrowings which currently exist. Another reason for this move is the company’s plans to create a reserve for future development of its telecom venture.

RIL’s plans to raise funds

Sources familiar with the matter have stated that almost 10 to 12 investment bankers are participating. They even added that destinations like the Middle East, Europe, Asia, and North America will be the venues for the marketing roadshows. External commercial borrowings (ECB) are where the money will most likely be raised from in the form of a syndicated loan.

Previous funds raised by the company

In January and September 2016, Reliance Industries Limited had raised close to Rs. 30,000 crore through a rights issue. The funds were collected in these two months in two parts. In January 2017, RIL announced its plans to raise an additional Rs. 30,000 crore, which it plans on investing towards Reliance Jio, its major telecommunications venture. The amount would be raised through a rights issue of optionally convertible preference shares.

A source who is associated with the fund-raising project stated that RIL is expecting Indian corporate firms to participate actively, mainly because the offshore debt market seems lucrative as of now.

Investments made by RIL

Reliance Industries owns the largest oil refinery complex in the world, located at Jamnagar. The capacity of this refinery is estimated at 1.24 million barrels per day. The company had even made an investment worth $25 billion towards building its 4G mobile network, Jio. RIL, while announcing its earnings for quarter three in January 2017, stated that it plans on investing an additional $4.4 billion to strengthen Jio’s infrastructure and network capacity. Reliance Jio currently has 72.4 million subscribers, with 6 lakh users subscribing to the network carrier every day. Jio is expected to reach out to 90% of the country’s population.

Experts stated that Reliance Industries Limited will be spending a large amount of money in the upcoming quarters, with the money expected to be used in various avenues. According to sptulsian.com’s Founder, SP Tulsian, RIL’s pace of investment will remain consistent for two quarters.

The capital expenditure of RIL in the October to December quarter was Rs. 37,791 crore. The company also spent Rs. 81,691 crore towards its refining and petrochemicals projects at Hazira, Jamnagar, and Dahej, apart from spending on its gas and digital services businesses. RIL’s pet-coke degassifier project is expected to add $2 per barrel to the company’s margins. The company will also witness growth in margins in the next two years and also earn profits through its petrochemicals projects, according to US-based Bernstein Research. The research firm added that RIL’s success in its telecom venture will also help it corner a sizeable market share.

Summary

RIL is planning to raise $2.25 billion in order to develop its telecommunications arm, Reliance Jio.

New Health and Fitness App, JioHealthHub, Launched by Reliance Jio

January 27, 2017

After the launch of a range of premium applications, Mukesh Ambani led Reliance Jio recently introduced a new app called JioHealthHub. This app caters to a variety of medical and fitness needs of consumers today.

User interface and convenience of JioHealthHub app

JioHealthHub app is easy to navigate. It has a minimalistic design, which prevents any inconvenience to users. There are specific logos for every category, thereby avoiding any confusion. These logos stand for eight categories, namely Shared With Me, My Health Data, Health Charts, Medical History, Offers, Sync Accounts, Shared By Me, and My Accounts. To access this app, users will have to create an account. Once this process is complete, all data regarding their health that is uploaded by users to the app gets saved onto the cloud. Therefore, users will have access to the data on their account anytime from any device, provided they have the Internet connection.

Privacy and security

Users may rest assured of their privacy when they enter their personal medical and fitness data on the app. The app is secure and even enables users to share medical-related information in the form of lab reports, prescriptions, and much more with their doctor, family, or friends. Users’ contacts will not be able to share their details with others. However, they could do so only with the users’ consent. For added security, JioHealthHub does not support screenshots.

Automatic segregation of files

Once the user’s lab reports are ready, the partner labs could share the same with them through the app. These would then get saved into a specific folder for later reference. Users will not have to spend time or effort behind segregating files like medical reports. The app does this automatically. Unclassified files or ones that are not directly related would be saved by the app in the ‘My Health Folder’, which is a central repository.

Personal health profile and access to medical images

Being a comprehensive health app from Jio, users could create and maintain their personal health profile conveniently. They could enter details concerning their gender, age, height, contact number, medical insurance policy, address, and even an emergency phone number. In addition to this, users could save relevant information regarding their family medical history, genetic disorders, as well as allergies, if any. This data would be saved in an organized manner so that individuals could use the same while consulting their doctor. In addition to this, JioHealthHub lets users view CT scans, x-rays, and other such medical reports. Having an easy access to such reports would also enable users to get opinions regarding their condition from more than one medical practitioner.

After downloading the app, individuals need to create their account and thereafter their medical profile. After this, they could click on the ‘My Health Data’ option in case they wish to upload medical bills, prescriptions, or any such files. They could go to ‘My Account’ option, whenever they want to make changes to their account or log out of the app.

Summary

JioHealthHub app lets users keep a complete track of their health. The Jio Happy New Year Offer, valid till 31st March 2017, offers premium Jio apps like JioMusic, JioCinema, as well as JioHealthHub, besides other data services for free.

Automobile Telematics Devices and Home Automation Systems to be Launched by Jio

January 24, 2017

The affordable and efficient data services offered by Mukesh Ambani led Reliance Jio have made the company a household name. Till date, apart from Jio, no operator has garnered such a wide user base surpassing 72 million within only a few months of its launch. After the range of data services, free voice calling, and applications, the brand is now ready to focus on creating automobile telematics devices.

Home automation products

The Jio Experience Center in Navi Mumbai offers an insight into the brand’s range of home automation products. These items are undergoing tests prior to the launch at the center. The smart home solutions to be manufactured by Jio will include everything from surveillance systems to home entertainment products. The former will comprise smart cameras, smart locks, smart doorbells, chime alarms, and many such related products. Additionally, the brand is preparing to launch its own automobile telematics device.

Car connect device

The automobile device that is slated to be launched by Jio is called ‘car connect’ and will be priced at around INR 2,000. It has been designed to allow the car owner to remotely control various functions of the vehicle. In addition to this, the device could also give fuel updates, alerts on speed limits, and performance of an engine, among many such notifications to the owner. This device will perform seamlessly when combined with a specially designed mobile application and a dongle. Moreover, passengers onboard a car connected to this device could even access Wi-Fi.

Tap and Go service

Jio does not want to restrict its offerings to just smart home solutions and data services. The brand is also working towards creating a ticketing facility called ‘Tap and Go’. This will offer railway commuters and even moviegoers the convenience of simply using the tap feature to travel or watch movies. The brand has already taken a step in this direction by proposing the plan to Indian Railways, Delhi Metro Rail Corporation, and even movie theaters like PVR.

Popular Jio apps

While these new services are set to enter the market,  Mukesh Ambani led Jio ensures that its current data facilities do not lag behind in terms of their quality and performance. Besides the data services and free voice calling, Jio has won immense praise for its extensive range of applications.

JioMoney is a trending digital wallet app that could be used for a varied range of financial transactions, such as recharges and bill payments. Reliance JioNet is a solution to those who unexpectedly run out of data. All they need to do is log in to the app and connect to a nearby Jio public Wi-Fi hotspot. A security app is a must for every device and Jio offers one too. Jio Security protects against viruses, unsafe websites, and scans a user’s device from time to time.

For a comprehensive digital experience, entertainment apps are a must-have. JioMusic and JioCinema are among the most popular entertainment apps offered by the brand. While JioCinema has an extensive collection of Hollywood, Bollywood, regional movies and even TV shows, JioMusic offers a range of music spanning different languages, which users may stream and download.

Summary

Reliance Jio is preparing to introduce home surveillance, home automation, and automobile telematics devices in the upcoming months.

Mukesh Ambani Believes India is Prepared for the 4th Industrial Revolution

January 19, 2017

Reliance Industries Limited’s Chairman and Managing Director, Mukesh Ambani recently made his presence felt at the World Economic Forum (WEF) meet, which was held in Davos, Switzerland. In his speech, he supported the concept of a free market system. Additionally, he emphasized on the need to maintain an equal distribution of wealth across the world, without the intervention of extraneous factors. According to him, the creation of wealth is necessary since it is the precursor to the distribution of the same. He stated that building wealth is a challenge. However, once it happens, distribution of the same would be much easier.

Mukesh Ambani’s views at the WEF

At the global platform, Mukesh Ambani highlighted the success of the Indian Government’s demonetization drive. He praised the Indian Prime Minister Narendra Modi for his strong leadership and stated that the demonetization move’s success has proven that India is ready for the 4th industrial revolution. Mukesh Ambani shared his thoughts on what the country must do in order to facilitate the development of its people. According to him, the technology could help transform India, especially if the country’s educational institutions integrated it into their systems. Mukesh Ambani said that this would be possible only if the foundation is set, wherein all individuals embrace technology.

India’s ability to adapt to new technology

When Mukesh Ambani was asked about his views on the future, he stated that 2016 mainly entailed understanding the 4th industrial revolution’s technology, 2017 will see these technological concepts being implemented. He added that using the technologies in the right manner, so as to benefit the people would be a challenge. At the WEF Annual Meeting, Vishal Sikka, the chief of Infosys also shared the dais with Mukesh Ambani. He supported Mukesh Ambani’s views by stating that the demonetization drive has revealed to the world that India is capable of embracing technological changes in the right spirit. He stated that technologies like artificial intelligence should be used carefully so as to avoid social disturbances.

Success of the demonetization movement

With regard to India’s demonetization drive, Mukesh Ambani stated that over the past three months there has been a large-scale movement of digital money as compared to cash. According to him, the move was supported by people across India, mainly because they believed in its long-term benefits. Mukesh Ambani stated how a company could play an important role in propelling the growth of the country by creating inclusive technology. He maintained that this is something that Reliance Industries Limited has strived to achieve.

Reliance Industries Limited’s telecom arm, Reliance Jio is rapidly advancing in this direction by using technology to offer free data services to people and empower them. Jio’s foray into the telecom sector impacted the market to a large extent and caused several incumbent operators to reduce their tariff rates as well. The telecom company has already garnered more than 72.4 million users shortly after its commercial launch.

Summary

Mukesh Ambani announced that India is ready to embrace the 4th industrial revolution, at the World Economic Forum (WEF) meet.

Reliance-Sibur JV Plans to Set up South Asia’s first Halogenated Butyl Rubber Unit at Jamnagar

January 18, 2017

Reliance Industries Limited (RIL) and Russian petrochemical giant SIBUR signed an MoU at the recently-concluded Vibrant Gujarat Summit at Gandhinagar to set up South Asia’s first butyl rubber halogenation unit at RIL’s integrated petrochemical site in Jamnagar, Gujarat.

The unit will produce 60,000 MT of halogenated butyl rubber every year under Reliance Sibur Elastomers Private Limited (RSEPL) – a joint venture (JV) of which RIL owns 74.9%, and SIBUR 25.1%.

Apart from the planned halogenation unit, the JV owns a 1,20,000 MT per annum butyl rubber plant, currently under construction at the same venue which will provide the necessary butyl rubber feed to the halogenation unit.

Commenting on the halogenated butyl rubber unit, Mr Nikhil Meswani, Executive Director, RIL, said, “RSEPL’s halogenated butyl rubber plant will be well-poised to capitalise on the significant surge in regional demand in tyre and pharmaceutical industries. India is expected to see a quantum jump in tyre production, with Indian and International tyre majors gearing up to make capital investments of Rs. 15,000 crore. The halogenated butyl rubber demand is expected to grow at a rapid pace of 8- 10% CAGR over the next few years, driven by increasing customer preference for tubeless tyres in India and neighbouring countries, and significant investments in the manufacture of pharmaceutical closures and tank inner liners.”

“India offers attractive investment opportunities given the growing local demand for synthetic rubbers and Gujarat’s favourable investment environment coupled with the well-developed infrastructure and raw material availability at a world-class Industrial site owned by RIL. SIBUR has a long track record of successful cooperation with RIL and Gujarat’s government, which has provided us with a solid basis for expanding our footprint in India,” said Mr. Dmitry Konov, Chairman of SIBUR’s Management Board.   Halogenated butyl rubber is a key ingredient for manufacturing inner liner of tubeless tyre. With the Indian automobile trend aligning with global trends, penetration of tubeless tyres is expected to accelerate in the Indian market, resulting in an increased demand of halogenated butyl rubber. The ingredient is also used in the manufacture of pharma stoppers, inner liner of storage tanks, etc.   Construction of the butyl rubber plant is in full swing at Jamnagar, its commissioning targeted for 2018.

Production from RSEPL will substitute imports and reduce outflow of valuable foreign exchange from India, providing impetus to the government’s Make in India initiative.

RSEPL is a joint venture formed between Reliance Industries and SIBUR in February 2012 to produce 1,20,000 tonnes of butyl rubber per year at RIL’s integrated petrochemical site in Jamnagar, India. RIL owns 74.9% stakes, and SIBUR 25.1% in the joint venture.

About Reliance Industries Limited (RIL): 

Reliance Industries Limited (RIL) is India’s largest private sector company, with a consolidated turnover of INR 296,091 crore ($44.7 billion), cash profit of INR 40,737 crore ($6.1 billion), and net profit of INR 27,630 crore ($4.2 billion) for the year ended March 31, 2016.

Mukesh Ambani led RIL is the first private sector company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ – currently ranking 215th in terms of revenues, and 126th in terms of profits. RIL ranks 238th in the Financial Times’ FT Global 500 list (2015) of world’s largest companies. RIL ranks 121st on the Forbes Global 2000 list (2016), continuing to be the top-ranked Indian company. RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

About SIBUR:  

SIBUR is a uniquely positioned vertically integrated gas processing and petrochemicals company. It owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, and is a leader in the Russian petrochemicals industry.

SIBUR operates 26 production sites located all over Russia, serving over 1,400 large customers engaged in the energy, chemical, fast moving consumer goods (FMCG), automotive, construction and other industries in approximately 75 countries worldwide, and employs over 27,000 personnel.

Summary:

Reliance Industries and SIBUR have planned to set up South Asia’s first halogenated butyl rubber unit at Jamnagar.

JioTV App Increases its Channel Base from 368 to 412

January 3, 2017

Mukesh Ambani led Reliance Jio launched its 4G services in September 2016 together with a range of premium Jio applications. These include TV streaming, music and movie streaming, and digital wallet applications, among many others. JioTV has been one of the most popular apps on Google Play offering users access to some of their favorite TV shows. The app has now added a collection of 44 new channels, bringing up JioTV’s channel count from the earlier 368 to 412.

Number of channels included

Of the channels included, 9 belong to the entertainment segment, 18 to the news segment, 3 to the music segment, 4 to the movie segment, and 6 to the devotional segment.  While earlier, there were 112 news channels, the recent addition has taken the number to 130. Additionally, there are 99 entertainment channels in all now. The number of music channels sums up to 34, while the movie channels total up to 36. The collection on JioTV also includes a channel on infotainment business news and two channels in the lifestyle segment.

The most comprehensive channel list

Jio is among the first mobile TV apps to offer such a large number of channels. This easily makes Jio’s services similar to those offered by multi-system operators (MSOs) and direct-to-home (DTH) operators. JioTV includes channels offered by the leading broadcasters in India. These include Discovery Networks India, TV Today Network, ABO News Network, Sony Pictures Networks India (SPNI), Star India, NDTV, Turner India, Viacom 18, TV 18, Sun TV, and ZEEL.

Rich digital experience

Through JioTV, users can enjoy live television channels. If they miss out any program, JioTV’s past seven-day collection of shows will enable them to view the missed episodes. The app is also Star India operated, Hotstar’s digital partner. Moreover, Google Play has recorded about 10 to 15 million JioTV downloads by users.

Mukesh Ambani led Reliance Jio has strengthened its customer base with over 50 million users. Although the total worth of apps, including JioCinema, JioMags, JioMusic, JioXpress News, JioMoney, Jio Cloud, and JioTV for a month is Rs. 1,250, all these applications are currently offered for free under the Jio Happy New Year Offer. This offer, which is valid until the end of March 2017, gives users access to free data services as well as Jio apps. Before this new offer was introduced, customers were using the services available under the initial welcome offer. Existing as well as new Jio customers can conveniently avail of the Jio Happy New Year Offer. However, the only difference that exists between the former offer and the new one is the revised data limit. The Fair Usage Policy (FUP) limit for the former was 4 GB, while the FUP limit for the new one is 1 GB. With a customer base of more than 50 million, the company intends to increase the number to 100 million by the end of March 2017.

Summary

Reliance Jio’s TV app, JioTV now has a total of 412 channels. The Jio Happy New Year Offer also gives customers access to free data and app services.

Reliance Digital Launches the Affordable LYF WATER 3 Smart Phone

December 28, 2016

Reliance Digital has so far launched a number of LYF smart phones under its elements series, which includes EARTH, WATER, WIND, and FLAME. The devices have been available across a diverse price range to cater to a wide audience. The recent smart phone launched under the brand LYF is the WATER 3. This device is available at an affordable price of Rs. 6,599. Users can purchase this smart phone from the online shopping portal, Flipkart. Since this device is available with a Jio SIM card, individuals who purchase it will also be able to enjoy the Jio Happy New Year Offer. This offer gives users the benefit of experiencing free data and app services till March 31st, 2017.

Performance of WATER 3

The LYF WATER 3 is a sleek device. It is a 5.5-inch smart phone with superior build quality. It comes with a high-definition (HD) display, which includes a pixel resolution of 1280 X 720. It runs on a Qualcomm MSM8939 Octa-Core processor. Combined with Adreno A405 3D GPU, it operates at a speed of 1.5 GHz. The device has an internal storage capacity of 16 GB, which can be expanded up to 32 GB. It also has a sizeable 2 GB RAM.

Specifications of the device

In terms of camera quality, the LYF WATER 3 is able to provide high-resolution pictures with its 5-megapixel front camera and 13-megapixel rear camera. The device is powered by a durable 3,000 mAh battery. It can offer up to six hours of talk time. The operating system of the smart phone is Android 5.0 Lollipop. WATER 3 has a number of connectivity options, such as Bluetooth version 4.1, GPS, 4G VoLTE feature, Wi-Fi 802.11b/g/n, and dual-SIM support.

Other offerings by Reliance Digital and Reliance Jio

The LYF WATER 3 is one of the best devices in the budget category. Reliance Digital has also launched smart phones like the EARTH 2, F, FLAME 7, WIND 7, and much more. All these devices are designed to meet the specific needs of customers and come with a budget-friendly price tag. Additionally, Reliance Jio, the telecom arm of Reliance Industries Limited, intends to launch a range of feature phones. These devices will be compatible with the 4G-VoLTE technology. The aim of the company is to extend its reach to rural areas and make 4G services available to a large number of people. The phones will not have a touch screen like regular smart phones. However, the design and build quality of these feature phones are expected to make them look appealing.

Mukesh Ambani led Jio’s high-speed data services have received an overwhelming response from millions of users across India. Recently, the telecom company also surpassed 50 million users. The free welcome offer and the Jio Happy New Year Offer are among the main reasons for Jio’s success.

Summary

Reliance Digital introduces new smart phone, WATER 3, under the brand LYF.

LYF WIND 7S – The Latest Addition to the Range of 4G-LTE LYF Smart Phones

December 23, 2016

Reliance Jio’s services have created a large-scale impact on the telecom industry. The brand known for its affordable yet high-speed 4G-LTE services is also emerging for its exclusive range of LYF smart phones. The most distinct quality of this smart phone brand is its pricing, which is targeted at a diverse audience. Among the range of LYF smart phones, one of the recently launched devices is the LYF WIND 7S.

LYF WIND 7S

This smart phone is budget-friendly and priced at Rs. 5,699. Customers who buy the device will receive a complimentary Jio SIM card. This will enable them to avail of the Jio Happy New Year Offer. As per this offer, individuals can enjoy unlimited free data, voice calling facilities, and a host of Jio applications till the end of March 2017.

Specifications of the device

Before unveiling the WIND 7S, Mukesh Ambani Jio had launched two devices, namely the LYF WIND 7 and WIND 7i. These two devices have a few features that are similar to the newly launched WIND 7S. The latter, however, is an upgraded version. The WIND 7S comes with a sleek 5-inch display. The screen is resistant to dust and scratches because of the Asahi Dragontrail Glass that protects it. Despite the reasonable price, users can rest assured of the device’s performance because of its Snapdragon 210 Quad-Core processing system. It operates at a speed of 1.13 GHz and is combined with Adreno 304 GPU. The device is also apt for multitasking since it has a sizeable 2 GB RAM. Additionally, it comes with an internal storage capacity of 16 GB. The operating system of the device is Android 6.0.1 Marshmallow. The phone is also powered by a 2,250 mAh heavy-duty battery, which offers 4G talk time of approximately nine hours and can last on standby mode for 180 hours.

Camera features and connectivity options

Users can easily capture high-quality pictures, owing to the device’s 5-megapixel front camera and 8-megappixel rear camera. There are also a number of camera features including Pro Mode, Face Detection, HDR, and Creative Filters. The device is offered with manufacturer’s warranty of two years. It also comes with the Voice over Long Term Evolution (VoLTE) feature, which allows users to make High Definition (HD) voice calls. Besides offering dual-SIM support, the device entails a range of connectivity options like Wi-Fi 802.11 b/g/n, USB OTG, Bluetooth 4.0, MicroUSB 2.0 port, and 4G. The device is lightweight and easy to grip, with dimensions of 143.5 x 72 x 8.7 mm.

Individuals can buy the device from any Digital Xpress or Reliance Digital store. It is available in variants of blue and black. The device is also expected to be offered on Jio.com, Reliance Jio’s official digital shopping portal. All devices by Jio are currently eligible for the Jio Happy New Year Offer, which will enable customers to harness the full power of data.

Summary

Reliance Jio launches new LYF smart phone, Wind 7S, with upgraded features.

Features and Jio Applications Available on the LYF F1 Device

December 19, 2016

Reliance Jio’s smart phone and 4G service offerings have been expanding and satisfying customers ever since their launch. Mukesh Ambani led LYF is one the best 4G-LTE smart phone brands in the market offered by Jio. This brand has handsets available across varying price segments to reach out to a wider audience. One of its best-selling smart phones is the LYF F1, which is available with a free Jio SIM card. It costs Rs. 13, 999 and users can purchase the device from any Reliance Digital store.

About LYF F1

The LYF F1 is a sleek device. Its exterior is made of a plastic frame, which gives it a light-weight quality. The design of the F1 offers optimum grip, with a pockmark-textured rear cover. The screen is minimalistic and it does not have any physical keys. The right side of the device has the volume rocker and the power button. The left part has been set aside for the MicroSD slot and SIM card trays. It also has a Micro-USB port at the bottom and a 3.5mm audio jack at the top. The F1 has a 5.5-inch high-definition display that is protected by Corning Gorilla Glass. It also delivers in terms of touch sensibility and display quality. The device is suitable for multi-tasking since it comes with 3 GB RAM and functions on Android Marshmallow 6.0.1. It scored 47,562 points on one of the popular Android quality-testing apps, AnTuTu.

Features of LYF F1

Users have the option of altering incoming calls on the basis of ambient sound or by using the flip to mute gesture. Video features of this device are also highly impressive. Users can enjoy two videos simultaneously; or the Smart Play feature of the phone causes a video to pause when users tilt their heads away from the screen. The LYF F1 has a 16-megapixel rear camera, which offers excellent picture quality. The autofocus feature of the camera ensures that pictures do not turn out blurred. It also has an 8-megapixel front shooter. The F1 has camera features like Multiple Focus, Chroma Flash, and Refocus. Video recording is also convenient with the device’s video stabilization feature. The device has a powerful 3200 mAh battery, which charges well with the adapter provided.

Specifications of LYF WATER 9

The LYF WATER 9 is another handset launched by Jio and costs Rs. 8,179. The highlights of this device include a 1.3 GHz Octa-Core MediaTek MT6573 processor, 13-megapixel rear and 5-megapixel front cameras, and an internal storage of 16 GB. The handset supports the dual-SIM feature. It functions on the operating system Android 5.1. The LYF WATER 9 has a large 5.50-inch display and a lasting 2800mAh battery. The device even has sensors like Accelerometer, Compass Magnetometer, Ambient light sensor, and Proximity sensor.

Currently, all LYF smart phones are offered with the Jio Happy New Year Offer. The SIM cards offered with the devices allow users to enjoy free unlimited data, voice, and app services till the end of March 2017. The plethora of premium applications are already pre-installed on these devices, thereby offering users convenience.

Summary

The LYF F1 and WATER 9 devices are available with the Jio Happy New Year Offer and come with a host of premium Jio applications.

Reliance Brands Partners with Swiss Luxury Brand Bally

December 16, 2016

Reliance Brands, the subsidiary of Mukesh Ambani led Reliance Industries Limited (RIL), recently collaborated with Swiss luxury brand, Bally on a joint venture. This agreement will enable marketing as well as distribution rights for Bally in India. The two companies are also keen on launching a store at New Delhi in 2017. Additionally, they plan on expanding the reach in future across cities like Chennai, Kolkata, and Mumbai.

Joint venture

The store, which is slated to open in New Delhi, is considered to be a part of Bally’s international expansion project. The brand has already made its presence felt by introducing two flagship stores in Rodeo Drive, Los Angeles and Ginza, Tokyo in 2016. A statement that was released said that the upcoming year will witness the opening of two more stores in China World Mall, Beijing and Madison Avenue, New York.

Brand expansion plans

The CEO of Bally, Frederic de Narp expressed his elation at the joint venture. He stated that along with Reliance Brands, Bally is creating a roadmap to facilitate its growth in major Indian cities like Kolkata, Mumbai, New Delhi, and Chennai. He added that consumers in India are discerning while selecting luxury products and appreciate the craftsmanship as well as quality that go into manufacturing the same. Bally, he believes is equipped to meet these specific demands of Indian customers. CEO and President of Reliance Brands, Darshan Mehta also expressed his views on the joint venture. He stated that it was a matter of pride to collaborate with the second oldest luxury brand in the world. Bally, according to him is the epitome of heritage and Swiss quality, with a contemporary and unique design ethos.

Mumbai Indians apparel by Diesel

Reliance-owned IPL team, Mumbai Indians, has signed a deal with Diesel, an Italian fashion brand. This will entail creating a line of limited apparel for fans of Mumbai Indians. Renzo Rosso, Diesel’s Founder launched an exclusive range of jackets, denims, t-shirts, sweatshirts, as well as accessories like caps and suspenders in Mumbai. The owner of Mumbai Indians team, Nita Ambani and the team’s captain, Rohit Sharma were also present at the launch. The apparel line by Diesel will have an indigo and gold colored Mumbai Indians branding on it. Nita Ambani spoke about the partnership stating that Mumbai Indians has emerged as the first team in India to partner with such a renowned global brand. She added that this partnership has been a turning point for Mumbai Indians, making it gain recognition as the partner of one of the most sought-after international brands. Nita Ambani also revealed that the move will help the team reach out to fans across the world.

Diesel considers the partnership as the right opportunity to associate with cricket, which is the most popular sport in India. The limited edition collection includes 32 products, which fans can purchase from 11 stores across India. The line of apparel will also be available in countries like Australia, South Africa, and England where cricket is popular. Diesel will promote the apparel range across two seasons and unique styles will be launched in both the seasons.

Summary

Swiss luxury brand Bally and Reliance Brands collaborate on a joint venture. Diesel will launch exclusive Mumbai Indians apparel across 11 stores in India.