Tag: Reliance Industries Limited

  • Saatchi & Saatchi Propagate (SSP) wins mandate for Jio-bp

    By Our Staff

     

    Saatchi & Saatchi Propagate (SSP), the specialist digital agency, has won the digital marketing mandate for Jio-bp, a fuels and mobility joint venture between Reliance Industries Limited (RIL) and bp.

     

    Said Paritosh Srivastava, Chief Executive Officer, L&K Saatchi & Saatchi: “We are excited to collaborate with Jio-bp in realizing their ambitious goals for the Indian market. Our partnership seeks to further accelerate Jio-bp’s trajectory in the upcoming years to continue building on the amazing growth it has demonstrated over the past several years.”

     

    Added Prachi Bali, Executive Vice President & Business Head, Saatchi & Saatchi Propagate: “Jio-bp is working on reimagining mobility in the country and we are thrilled to partner with them on this transformative journey. Together, we seek to build a seamless digital experience that resonates with customers, propels the growth of Jio-bp, and paves the path for a new era of mobility solutions in India.”

     

  • Jio Studios unveils content lineup

    By Our Staff

     

    Jio Studios, the media and content arm of Reliance Industries Limited, has unveiled its content slate. The studio has lined up ready to release over 100+ stories across genres of films and original web series in multiple languages including Hindi, Marathi, Bengali, Gujarati, South and Bhojpuri, capturing every genre of storytelling – Action, Drama, Thriller, Comedy, Romance, Biopics, Horror, Musicals et al.

     

    The depth and width of this marquee offering promises to be a game-changer in the world of Indian entertainment, delivering high quality content that is both entertaining and thought provoking, with unheard of scale. This has been achieved through meticulous collaboration with some of the best creative minds in the country including Raj Kumar Hirani, Sooraj Barjatya, Dinesh Vijan, Ali Abbas Zafar, Aditya Dhar, Prakash Jha, Amar Kaushik, Laxman Utekar to name a few, featuring stories with some big superstars as well as new talent, be it actors or filmmakers.

     

    Jyoti Deshpande, President – RIL Media and Content Business said: “We are in the most exciting and eventful phase of Indian entertainment, with storytelling taking centre stage in an era of explosive digital disruption. Since its inception five years ago, Jio Studios has worked very hard to lay solid foundations in scaling what is traditionally a very fragmented industry. We have actively partnered with some of the best names in the business and newcomers alike to reach this day, when a staggering and exciting 100 content assets have been produced, ready to be showcased to the world.”

     

  • IAA India conducts leadership awards

     

    By A Correspondent

     

    The India chapter of the International Advertising Association inducted veteran mediaperson Kaushik Roy into the IAA Hall of Fame. Roy was recognised at the sevent edition of the annual IAA Leadership Awards held in Mumbai on Friday.

     

    Other awards presented were Media Agency Leader of the Year to Prasanth Kumar, GroupM; IAA TV Anchor of the Year to Rahul Kanwal of the India Today Group, IAA Media Person of the Year to Sanjay Gupta, Star India and IAA Media Game Changer of the Year to Virendra Gupta  and Umang Bedi of  Dailyhunt.

     

    Also recognised in the evening were a variety of industry leaders. See List below

     

    Said Punit Goenka, President, IAA India, MD & CEO, ZEE Entertainment Enterprises Ltd: “The IAA India Chapter has been working relentlessly to enhance the stature of our marquee properties to enrich them with engaging and thought provoking conversations, and celebrate the commendable work being done by leaders across sectors. The 7th  edition of the IAA Leadership Awards was one such exceptional evening that celebrated and applauded true leaders who have positively contributed to the economy, changed the landscape of the M&E industry and created global brands. The support received from the guests present at the event reinforces our commitment to keep working towards creating initiatives that benefit the M&E industry.”

     

    Added Dr Bhaskar Das, Group President, Republic TV, Co-Chairperson of IAA Leadership Awards: “ IAA Leadership Awards is a humble attempt to honour industry doyens in the fields of Marketing, Advertising and Media, who have made enormous professional contributions and delivered business success to their companies. Because only we know the challenges, the hardships, the dilemma of ethics, the sacrifices and the tough decisions that go into making a leader – to stand tall, to stand true.”

     

    A panel discussion was moderated by CVL Srinivas, Country Manager-WPP India, on “Platform is critical. Content be dammed” with panellists from across the media ecosystem: Punit Misra, CEO- Domestic Broadcast Business, Zee Entertainment Enterprises Ltd., Sameer Nair, CEO-Applause Entertainment, Nandini Dias, CEO-Lodestar UM, and  Pooja Jauhari, CEO –The Glitch. The panelists discussed how content, platform and the consumer are interlinked and how content and platform is a function of time and how data driven insights are helpful in generating timely content.

     

    Srinivasan Swamy, Chairman and World President IAA, who was also present on the occasion, said: “We can now trace the progress of Chapters geographically”. The second being to promote education across.

     

    In his acceptance speech, Kaushik Roy who is President Brand Strategy & Marketing Communication at Reliance Industries Limited, said: “It is a great honour that doesn’t come easy, especially from IAA that has been a global body for 80 years. One must keep the fire in the belly alive: To Grow – Stay Hungry”.

     


    Winner List – 7th Edition of the IAA Leadership Awards 2019

  • RIL appoints Jyoti Deshpande to head M&E biz, acquires stake in Eros

    By A Correspondent

     

    Reliance Industries Limited and Eros International PLC have announced that RIL, through a subsidiary, has agreed to subscribe to a 5%  equity stake in the NYSE-listed Eros at a price of USD15 per share, which represents an 18% premium to last closing price. The transaction is subject to customary regulatory and other approvals.

     

    Furthermore, RIL and Eros International Media Limited (“Eros India”) announced that they have agreed to partner in India to jointly produce and consolidate content from across India. The parties will equally invest up to Rs 1,000 crores in aggregate (approximately USD150 million) to produce and acquire Indian films and digital originals across all languages.

     

    In addition, it was announced that Ms. Jyoti Deshpande, Group CEO and MD of Eros will be stepping down from her executive role after more than 17 years in Eros and move on to head the Media and Entertainment business at RIL as President of the Chairman’s Office. Deshpande will start her role at RIL from April 2018, but will continue to remain as a Non-Executive Director on the Board of Eros. Mr. Kishore Lulla will resume his position of Group Chairman and CEO of Eros.

     

    In her new role at RIL, Deshpande will lead the company’s initiatives in Media and Entertainment to organically build and grow businesses around the content ecosystem such as Broadcasting, Films, Sports, Music, Digital, Gaming, Animation etc., as well as integrate RIL’s existing media investments such as Viacom and Balaji Telefilms with a view to build, scale and consolidate the fragmented USD 20 billion Indian M&E sector.

     

    Said Mukesh Ambani, Chairman & Managing Director, RIL, in a statement: “We are pleased to join hands with Eros, as it will bring further synergies into our plans, making for a win-win partnership. We are delighted to welcome Ms. Jyoti Deshpande into the Reliance family and believe that she will not only give wings to our plans but also play a pivotal role in transforming the sector.”

     

     

  • Only Vimal highlights innovative features of new fabric in latest campaign by IBD

    By A Correspondent

     

    Percept agency IBD, which won the strategic and creative mandate for Only Vimal, the textile brand of Reliance after a competitive pitch last year, has released two awaited TVCs across electronic media pan India.

     

    Said Vivek Mehta, Head – Marketing, Reliance Industries Limited (Textiles) said: “The brand Only Vimal always stood for ‘fashion for the young trendsetter’. The youth in India are challenging ‘the status quo’, with a mindset of new possibilities, risk taking and a can do attitude. And they are doing all this in style. Only Vimal reflects their values by offering, ‘fabric and apparel which is not only technologically advanced and innovative but also stylish and world class in design values’.”

     

    Commenting on the new Vimal TVCs, Rahul Gupta, Managing Director, IBD said: “Last year saw us disrupting the category, with a strong and relevant positioning of “Superior Technology Fabric”, which lead to many other brands trying to do the same. This year we wanted to deepen our positioning by bringing in more differentiated products that are performance enhancers, which further facilitates in ranking Only Vimal as a truly Tech Forward brand.”

     

  • Prasoon Joshi to take a trip down memory lane at IAA Young Turks Forum

    By A Correspondent

     

    Prasoon Joshi

    IAA Young Turks Forum of the International Advertising Association (IAA) India Chapter has invited the Chairman Asia Pacific & CEO of McCann World Group India, Prasoon Joshi, to share his multi-faceted professional journey.

     

    Kaushik Roy, President, Brand Strategy & Marketing Communication at Reliance Industries Limited will interact with him to uncover this journey, which will be followed by discussions with the young audience.

     

    An acclaimed advertising industry leader, Prasoon exemplifies a rare breed of creativity and leadership. An icon who has built mega brands, a writer who’s been honoured with the prestigious National Award twice by the President of India and one who has garnered glory at International Awards like Cannes, D&AD, Clio, Media, Adfest, and plethora of others, Prasoon has also authored 4 books.

     

    Srinivasan K Swamy

    Srinivasan K Swamy, IAA India Chapter & Vice-President, Development Asia/Pacific Region of IAA said, “IAA Young Turks Forum in its three prior events has shown how the young professionals find this very useful. We are happy to have brought out this series, which is giving an opportunity for them to listen, learn and get inspired by successful communication experts from different genres.”

     

  • Reliance Industries completes acquisition of Network18

    By A Correspondent

     

    HDFC chairman Deepak S Parekh and McKinsey senior adviser Adil Zainulbhai have been inducted as Independent Directors on the board of NW18. Meanwhile, RIL also informed that Raghav Bahl will continue to be on the Board of NW18 as a Non-executive Director

     

    Reliance Industries Limited (RIL) announced on Monday (July 7) that Independent Media Trust (IMT) of which RIL is the sole beneficiary, has completed the acquisition of control of Network 18 Media and Investments Limited (NW18) including its subsidiary TV18 Broadcast Limited (TV18).

     

    Apart from nominees of IMT, HDFC chairman Deepak S Parekh and McKinsey senior adviser Adil Zainulbhai have been inducted as Independent Directors on the board of NW18. Meanwhile, RIL also informed that Raghav Bahl will continue to be on the Board of NW18 as a Non-executive Director.

     

    With the completion of this transaction, IMT and RIL have become promoters of NW18 and TV18. The open offers to the public shareholders for acquisition of equity shares of NW18, TV18 and Infomedia Press Ltd. as announced on May 29, 2014 by IMT are in process and the Draft letter of offer has been filed with SEBI for its comments.

     

  • What politicians think of big biz in news media

     

    By Karuna Madan

     

    Even as Information and Broadcasting Minister Ambika Soni recently said that the Reliance Industries Limited (RIL) did not hold any direct stake in any news media company in the country, politicians across the party lines feel that the statement does not hold water. Rather, they lament the sorry state of affairs caused due to the unholy and unnatural nexus of business and news in India .

     

    Vice president of the main opposition, Bharatiya Janata Party (BJP), Karuna Shukla regrets the fact that the mighty corporate and business houses are investing in news media only for the purpose of “twisting” public opinion or government policies in their favour.

     

    She feels that the news media must, essentially, be free and neutral at all times and circumstances: “You see, the news media is supposed to be free, neutral and free from biases. So much so that even the advertisements shown or published by the media groups defeat the very concept of neutrality. The case of 2G spectrum can be taken as a valid example. These business groups are now moving to all possible avenues of money-making. But news is sacred, it should not be touched. It cannot be sacrificed at the altar of big bucks.”

     

    “The people we are talking about are smart. They are not only buying stakes in media but have now started their own newspapers. Today it is ‘their money’ which is controlling news media in India . Their money decides how much truth must be revealed and how much be kept hidden. What are they trying to prove by buying stakes in existing media houses or starting their own news businesses? Investment by industrialists in media is no social service. They have no social responsibility. They invest only with the intention to influence public opinion; creating favorable opinion for them and disapproving opinion for their competitors,” Ms Shukla emphasised.

     

    Ambeth Rajan, Member of Parliament (Rajya Sabha), from Bahujan Samaj Party (BSP) said that the news organisations these days are not only taking money from big business houses of the country, they are also shamelessly taking directions from them and blindly following the diktats.

     

    “These corporates decide what news must be flashed and what not, and which news item can be used for blackmailing a certain politician or a rival business group. You see a certain kind of news flashing on a particular channel only because it has the potential to harm the interests of the rivals or support the interests of a particular segment of society or a particular political party. All this is orchestrated and staged. Is this what we know and understand as ‘sacred business of news’,” Mr Rajan averred.

     

    A powerful Congress leader at the Centre, who does not want to be named, told MxM India that “nobody is a saint here. Yahan doodh ka dhula koi nahin hai.”

     

    Meanwhile, Nilotpal Basu, Member of the Central Secretariat of the Communist Party of India (Marxist), describes it as “very disturbing trend.” “Corporate investment in news media is nothing but marketing, rather aggressive, shameless marketing. The big business houses do not really bother about what repercussions it will have on the state of affairs in the next ten years or so. These big business houses are aware of the power of media and are abusing that. The industrialists in the country exploit the news business, particularly during elections at the state and national level,” said Mr Basu.

     

    “The corporates are investing and owning media to influence media space and policy directions. We are opposed to unregulated investment of corporate in media. These investments undermine the concept of free media, and media as an avenue for information. This is extremely sad that this trend is going completely unchecked and the government seems just not bothered to rectify the malady,” he added.

     

    Likewise, Prabhodh Panda, Member of Parliament (Lok Sabha), Communist Party of India (Marxist), feels that the news media was controlled by the corporate sector even earlier by way of paid news, which came to be openly discussed only recently: “We know that the corporate sector is trying to influence public opinion by investing in news media. Even otherwise, the media is mostly publishing or telecasting paid news. It is an unethical practice by media groups, which must be curbed. It can be curbed only if the governments at the state and national level display the political will to do so. Media must maintain high stands of morality and ethics. The government, particularly at the Centre, must initiate steps to ensure that the media is not abused by the industrialists for their petty benefits, sometimes even at the cost of national security. Also the Press Council of India should come out with guidelines on the entry of corporates in the news media business and adopt a firm stand in this regard. What else the Press Council of India , or for that matter Prasar Bharti, are for,” said Mr Panda.

     

    Interestingly, Debabrata Biswas, General Secretary, All India Forward Bloc, stated that the motive behind corporate investments in news media is an open secret: “It is a well known fact that the multinational companies are completely controlling print and electronic media in India and even outside the country, thus trying to influence international government policies and the state of world economy. Earlier, the character of news media was altogether different. It was more of a catalyst to bring about positive change in the society. It played a major part during the freedom struggle of the country. News essentially meant positive and developmental reportage, free of all kinds of biases and prejudices. It was aptly described as the powerful fourth pillar of democracy. When one talked of media, one talked of an independent and neutral news providing machinery, not of the handmaid of industrialists. These industrialists have now completely taken over the business of news, directly and indirectly. Everyone knows that Birlas, Tatas and Ambanis are now controlling the newspapers and news channels in the country,” said Mr Biswas.

     

    Amarjit Kaur, National Secretary, Communist Party of India (CPI), feels that the investments by big business houses into the news media is most certainly “not innocent investment.” “The purpose of investments made by the big business barons of India into our news media is only profit, profit and more profit. Industrialists know that they can get their projects cleared within no time if they have a direct or indirect influence or say in any popular newspaper or new channel having a good subscriber base. These news outfits then act as agents of the corporates. But unfortunately, nothing much can be done about this new trend of corporate interest in media, the reason being that the government is pro-corporates and it shows. If the Information and Broadcasting Ministry is turning a blind eye to this malaise, do you think, the common man has any choice. We can only lament the situation which is turning worse by the day due to utter failure and inaction on the part of the government in this regard,” said Ms Kaur.

     

  • Govt says RIL has no shareholding in media firms as of March 31

    By A Correpondent

     

    We reproduce a Press Information Bureau communique, without comment:

    “As per the Investments Schedule of Balance Sheet of M/s. Reliance Industries Limited (RIL), as on 31/3/2011, there is no direct holding of RIL in media houses/companies (listed and unlisted) print/broadcast/production. However, company’s consolidated Balance Sheet as on 31/03/2011 discloses that it holds 100% in Reliance Digital Media Limited (RDML) through Reliance Retail Limited (RRL), its subsidiary company.

     

    “The Investment of M/s. Reliance Industries Limited in M/s Reliance Digital Media Limited through M/s Reliance Retail Limited does not violate the provisions of the Companies Act, 1956.

     

    “This information was given by the Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh in the Rajya Sabha today in reply to a written question.”