Anil Dhirubhai Ambani Group Reliance Money, on Thursday, announced that it has tied up with Reuters to provide its customers online Reuters Messaging (RM) chat facility where its customers can join a chat room to gain real time advice from Reliance research team and take informed decision instantly.

Reliance Money Director & CEO Sudip Bandyopadhyay said, “This facility will offer the customers the opportunity to gain real time advice that can help them act instantly in an increasingly dynamic market, a market in which time is of essence.”

This facility would be available free for one month after which from December 1, 2007 there will be a nominal fee charged for providing access to this facility, Mr Bandyopadhyay said. Till now Reliance Money customers and clients were advised and updated through emails, sms or telephone calls—which though efficient, comprised an amount of time lag in action, he said.

First time in India

Reuters South Asia MD Samir Shah said, “This service has been offered to only institutional investors; this is the first time that retail investors will get its benefit and thus they will be treated at par with institutional investors.”
Mr Bandyopadhyay informed that the company plans to boost the number of its outlets to 10,000 and have operations in 5,165 talukas of the country by the end of current fiscal.