You’re reading it here first: Reliance Entertainment’s social networking portal “Big Adda” has gone live. The company ran a series of polls over the past few months, ever since we broke the story of it’s impending launch, asking users to select logos and templates. On the face of it, the site has addas (forums), photos, videos and blogs. Nothing spectacular so far. Looks like they didn’t go with my choice of logo. (Bah!)
Update: It’s a closed beta, by invitation only, I’m told. However, there is an overview available here. More importantly, do take a look at the terms and conditions, particularly the parts in bold, dealing with user generated content. An excerpt:

You are solely responsible for the content…that you post on or through the BigAdda Website, and any material or information that you transmit to other Members and for your interactions with other Users…BigAdda makes no warranties, express or implied, as to the Content or to the accuracy and reliability of the Content or any material or information that you transmit to other Members.