Reliance Money To Increases Kiosks To 10,000 By March ''08

Reliance Money, the financial trading platform promoted by Anil Dhirubhai Ambani group''s Reliance Capital, will be increasing the number of web-enabled trading kiosks to 10,000 by March 2008. The company presently has 2500 trading kiosks across the country. By March 2009, the number of suck kiosks would be increased to 25,000. Additionally, Reliance Money forged alliance with retail coffee chain Barista to set up trading kiosks at its 100 strategically located outlets across the country. The platform also provides a single window to deal in insurance, mutual fund, gold coins purchase and other products. To achieve the objective of spreading the number of outlets, Reliance Money was also talking to several other retail chains. Emerging as one of the leading brokerage houses in the country, daily turnover in stock trading through the Reliance Money platform had already touched Rs 600 crore.