Reliance Money-Reuters tie up for realtime research advice

Bangalore, Nov 1 (UNI) Reliance Money, the financial services and products distribution arm of Reliance Anil Dhirubai Ambani Group, today announced the launch of a real time online messaging chat facility, first of its kind in the country, by collaborating with Reuters.

Announcing the tie-up Reliance Money Director and Chief Executive Officer Sudip Bandhyopadhyay said the facility would enable its over two lakh customers to seek real time advice or information from expert panel of research analysts and take decisions instantly.

This facility was very much necessary in the present dynamic market where time was the essence. The facility would be made available free for one month after which there would be a nominal fee, he added.

Replying to queries, he said Reliance Money currently had 4,000 outlets and planned to increase it to 10,000 by the year end. Out of 5,465 taluks in the country, Reliance Money would cover 5,165 by the year end by focussing more on semi-urban and rural areas, Mr Bandhyopadhyay he added.

Reuters South Asia Managing Director Samir Shah hoped the new facility would remove the existing time lag discrepancy presently experienced by customers and clients, who were advised and updated by brokering houses via emails, sms or telephone calls.

UNI