A rehashed version of one of the photos I had taken years back, in the good old days of Film SLRs -
Wednesday, January 16, 2008
Tuesday, January 01, 2008
Reliance Timeout and Digital Store
Yet another Mall / Super store was added to the ever changing landscape of Bangalore city. This time it was was by Mukesh Ambani's RIL, India's largest private sector firm.
"Reliance Timeout and Reliance Digital" is bang at the center of the city, Cunningham road. They managed to get my attention by an advertisement in the TOI which had a 1 GB Pen Drive being sold at a mere 300 bucks! That plus the New Year holiday, made me visit the mall, only to figure out that 1 GB Pen Drives were sold out!
Reliance Timeout store features Books, Music, Stationery, Toys and Gifts. They claimed they have 30000 titles of books and 12000 titles of music and movie DVDs. They also have a Karaoke Studio where the customer can sing along with a song of their choice and record it in a professional quality-recording studio. There was a coffee shop too, which I could not access since my kid wanted to hang out at the kiddy corner they had. All in all, very impressive and a great hangout place. Will I buy any titles from this shop? Well, I did pick up a few titles, but I think I can get better discounts with shops like Strand, Blossoms. For instance the Asterix comics was being sold at 365 / book, the price of the same book at Strand is 225 Rs!
On the upper floor of the same mall, they had Reliance Digital store that offers LCD TVs, Laptops, Refrigerators, Mobiles, Home Appliances and their accessories.
Again the question comes, will I ever buy from this store? Not really, if you are smart buyer and want to save your hard earned money, then watch out for some fabulous offers by shops such as Viveks, Pai, Girias during festival seasons.
Of course that's just me, an average IT Professional, I am sure the Indian Economy has quite a bunch of "High net worth Individuals" with high disposable income who would close their eyes and buy stuff without checking out prices at other shops. This store is for such individuals, not to mention for those who are looking at unwinding after a busy week at work.
All in all, very impressive store and I expect Reliance stock to appreciate over time with RIL getting in to so many ventures.
"Reliance Timeout and Reliance Digital" is bang at the center of the city, Cunningham road. They managed to get my attention by an advertisement in the TOI which had a 1 GB Pen Drive being sold at a mere 300 bucks! That plus the New Year holiday, made me visit the mall, only to figure out that 1 GB Pen Drives were sold out!
Reliance Timeout store features Books, Music, Stationery, Toys and Gifts. They claimed they have 30000 titles of books and 12000 titles of music and movie DVDs. They also have a Karaoke Studio where the customer can sing along with a song of their choice and record it in a professional quality-recording studio. There was a coffee shop too, which I could not access since my kid wanted to hang out at the kiddy corner they had. All in all, very impressive and a great hangout place. Will I buy any titles from this shop? Well, I did pick up a few titles, but I think I can get better discounts with shops like Strand, Blossoms. For instance the Asterix comics was being sold at 365 / book, the price of the same book at Strand is 225 Rs!
On the upper floor of the same mall, they had Reliance Digital store that offers LCD TVs, Laptops, Refrigerators, Mobiles, Home Appliances and their accessories.
Again the question comes, will I ever buy from this store? Not really, if you are smart buyer and want to save your hard earned money, then watch out for some fabulous offers by shops such as Viveks, Pai, Girias during festival seasons.
Of course that's just me, an average IT Professional, I am sure the Indian Economy has quite a bunch of "High net worth Individuals" with high disposable income who would close their eyes and buy stuff without checking out prices at other shops. This store is for such individuals, not to mention for those who are looking at unwinding after a busy week at work.
All in all, very impressive store and I expect Reliance stock to appreciate over time with RIL getting in to so many ventures.
Happy New Year 2008
Wish you all a very happy and a prosperous New Year. This year I intend to be a wisor investor than I was last year. Hopefully I will learn from all the mistakes I did last year. I am starting the new year with an investment in selected Mutual Fund. Reasons? Well, for starters SEBI has removed the entry load if one invests directly via the AMC. Secondly markets are showing exuberance but at the same time they are very volatile. I think at the moment I am better off with putting the analysis burden on a professional manager than doing it by myself.
I am a happy customer of Bajaj Capital, though I seldom take their advices. I consult them primarily because they offer a "one shop" solution and make life bit easier. But now that SEBI has removed the entry load, I think I am better off by directly contacting the AMC and save some moolah.
How much would you then save? Let's see, most of the funds have 2.25% entry load, so on an investment of 1 lakh you would save 2,250 Rs. Not a bad deal. Let's see how it goes, as I have never contacted an AMC directly before and yet to see their services. Bajaj Capital on the other hand has been offering their client the best service by attending to all customer queries.
This is applicable from January 4th 2008, so let's see how it works out and how investors & brokers react to it. Meanwhile, if you try to exercise this option then make sure you do your research on a fund before doing the investment. Check out Mutual Funds India and Value Research Online.
I am a happy customer of Bajaj Capital, though I seldom take their advices. I consult them primarily because they offer a "one shop" solution and make life bit easier. But now that SEBI has removed the entry load, I think I am better off by directly contacting the AMC and save some moolah.
How much would you then save? Let's see, most of the funds have 2.25% entry load, so on an investment of 1 lakh you would save 2,250 Rs. Not a bad deal. Let's see how it goes, as I have never contacted an AMC directly before and yet to see their services. Bajaj Capital on the other hand has been offering their client the best service by attending to all customer queries.
This is applicable from January 4th 2008, so let's see how it works out and how investors & brokers react to it. Meanwhile, if you try to exercise this option then make sure you do your research on a fund before doing the investment. Check out Mutual Funds India and Value Research Online.
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