Professional Ideas

Are you from those people who always see new ideas or products and say” I thought of that idea years ago!”? Well, when you thought of the idea – what did you do about it? I guess you thought of getting a patent, but didn’t get around to doing anything about it. This happens to most of us. We all think of great ideas here and there, but we know we’re not going to do anything with them. We don’t have time, money or the ability to carry them out, and the ideas get lost and the world lost out on some great idea.

You might say – someone will think of this idea any one sooner or later. Well, someone might not. And even if so, it might take years. Why not let the world in on your idea?

So what could you do if not get a patent on your idea?  This is where www.openpatents.net comes in. the site is a place where people all over the world donate their ideas to the world for free. Why should people do this? As I wrote, they know they won’t really do anything with the idea, so why not help the world become a better place?

Although the point isn’t making money; you can still make some money from your ideas. I you publish your idea on open patents, and some one sees the idea and wants to get a patent on it, he will want the idea off the site so that no one else tries getting a patent on the same idea. To get an idea off the site he will have to pay the idea owner some money. So although this won’t make you rich, it’s still nice to get some money for your ideas.

Moreover, we believe in the goodness of people. We believe that if someone actually makes money with your idea, he will want to share some of it with you.

So if you have some great ideas running around in you r head, don’t waste them! Set your ideas free!

http://www.openpatents.net

Bangalore,Reliance Retail Limited (RRL) announced the launch of a new specialty store “Reliance TimeOut” on Cunningham Road in Bangalore today. This store houses Books, Music, Stationery, Toys and Gifts. After the successful launch of Reliance Fresh, Reliance Mart, Reliance Digital, Reliance Trendz, Reliance Footprint, Reliance Wellness and Reliance Jewels, this is the 8th format of stores from Reliance Retail to be launched in India.

Spread over 21,000 sq feet and with over 56,000 products, Reliance TimeOut offers the customers an extensive range of merchandise in Books, Music, Stationery, Toys and Gifts. Reliance TimeOut is all set to revolutionize this business with its unique combination of wide product range and an exciting customer experience.

Commenting on the launch of Reliance TimeOut, Mr. Bijou Kurien, President and Chief Executive Lifestyle said “In today’s world, with all the pressures, stress and workload at office, home and school, we need a place where we can unwind and relax, where we can browse, buy a book, sample some music, choose a gift, buy a toy, or some exclusive stationery for ourselves. At Reliance Timeout, we offer a comprehensive range of products in these categories along with a fascinating customer experience in a warm, lively ambience”.

In Books, Reliance TimeOut has over 30,000 titles, sourced from National & International publishers. Recognizing customer preference for self-help and professional development the store has an impressive range of non-fiction books. Reliance TimeOut also has a range of Academic and Professional books and Vernacular books in 6 languages, apart from fiction, popular genres and a huge children’s section. To help enhance this experience the store has a kid’s wall, where kids can cuddle-up with a book. In Music and Movies Reliance TimeOut has over 12,000 titles sourced from leading international and national music companies. Listening pleasure is enhanced by the imported sound domes which provide hygienic sampling of music. Reliance TimeOut also has 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 is also a cafe at the store, which makes Reliance TimeOut a wonderful hangout for youth and adults alike.

Searching for your favourite music and books is efficiently handled by a search engine and complemented by knowledgeable and energetic staff, so that customers can easily find what they want in a store of this size. The Stationery section with over 7000 products is a wonderland for children, students and working people. For the first time in India, Professional Artists too have an exciting range of products to buy their art supplies from. The professional series from Pebeo and Canson from France, Vinciana and RGM from Italy and Koh-i-noor from the Czech Republic and the Hobby Art products are truly exceptional. The Toy section with over 3,000 toys in an environment that is a lot of fun for the children will definitely make every outing to Reliance TimeOut, great fun for the family. The store also has over 4,000 products in gifts, watches, sunglasses and fragrances.Reliance TimeOut is truly a wonderful space to simply take time out! A wonderful world where a customer can Explore, Create, Imagine, Play, Unwind and truly call their own.

Reliance Retail Limited

Reliance Retail Limited, a 100% subsidiary of Reliance Industries Limited started rolling its stores in November last year and today operates over 418 stores in over 17 cities spanning 1.5 million Sq ft. The formats that RRL operates in are Reliance Fresh, Reliance Digital for consumer durables and information technology, Reliance Mart, a Hyper Market, Reliance Trendz – the apparel store, Reliance Wellness – offering wellness products, Reliance Footprint -a footwear store & Reliance Jewels -a jewellery store.

Reliance Industries Limited

Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with turnover of Rs1,18,354 crore (US$ 27.23 billion), cash profit of Rs17,678 crore (US$ 4.07 billion), net profit of Rs11,943 crore (US$ 2.75 billion) and net worth of Rs63,967 crore (US$ 14.72 billion) as of March 31, 2007.

RIL is the first and only private sector company from India to feature in the Fortune Global 500 list of ‘World’s Largest Corporations’ and ranks amongst the world’s Top 200 companies in terms of profits. RIL is amongst the 25 fastest climbers ranked by Fortune. RIL also features in the Forbes Global list of world’s 400 best big companies and in FT Global 500 list of world’s largest companies.

The Finance Ministry has asked SEBI to look into the alleged irregularities in the Reliance Power IPO. This follows representations from a large number of people including MPs and MLAs. The public issue is awaiting clearance from SEBI.

The finance ministry now wants the regulatory to scan the irregularities related to the securities laws and the Companies Act mentioned by MPs, MLAs and some organisations. In a letter dated October 23, Mr. K P Krishnan, IAS, joint secretary in the ministry, has also asked for a report from SEBI on the irregularities mentioned in the representations sent to the ministry. The letter is addressed to SEBI chairman M Damodaran.

“I request SEBI to take appropriate action in the matter and send a factual note on this issue expeditiously,” says the letter. A copy of the communication has also been marked to the Company Affairs Ministry.

Recently, the Companies Affairs Ministry had also sent a similar communication to SEBI. The action by both ministries is likely to result in a thorough probe into irregularities in the Reliance Power IPO.

SEBI has already sought clarifications from the lead managers to the issue and clearance has not been provided so far. Among the allegations made by various sections is that the promoters have issued a huge volume of securities to themselves at par while asking investors for a premium.

A number of organisations including an Investors Forum raised the issued recently, but the Anil Ambani Group did not reply to the charges. Instead, it was alleged that Reliance Industries had launched a ‘vicious’ campaign against the IPO.

While the Anil Ambani Group has complained to the SEBI that RIL officials are behind the expose, the regulator has also received a large number of complaints from investors of Reliance Energy. The power projects of Reliance Energy have been transferred to Reliance Power in an effort to bring in business into the company, which was virtually a shell till recently. Reliance Energy stands to lose out due to the structure of the transaction while Anil Ambani’s wealth is expected to skyrocket at the cost of investors.

The finance ministry letter lists out the individuals and organisations submitting representations on the Reliance Power IPO. The ministry has asked for a SEBI probe to protect investor interest.

The Anil Ambani Group did not inform stock exchanges about transfer of power projects to Reliance Energy. Nor did it obtain clearance of shareholders for transfer of these project which will make Reliance Energy just a contractor for implementing projects.