Anil Ambani third richest man in India, ADAG in trillion m-cap club
Mumbai: The Anil Dhirubhai Ambani Group (ADAG) has entered the elite group of corporates that has more than Rs1,00,000 crore market capitalisation (m-cap), which makes its chairman Anil Ambani the third richest person in the country.

ADAG has become the country's fifth biggest corporate group with a combined market cap of more than Rs1,06,000 crore after Tata Group, Reliance Industries, NTPC and Infosys, following a sharp increase in the market cap of group company Reliance Communications which increased to Rs70,866 crore, from about Rs 42,400 crore previously, as a result of an increase in its total number of shares - which the company spokesperson said was recently approved b y the stock exchanges.

Reliance Capital's current market cap stands at Rs16,221 crore, Reliance Energy at Rs14,703 crore, Reliance Natural Resources at Rs2,995 crore and Adlabs Films at Rs1,364 crore - taking the group's market cap to over Rs 1,00,000 crore.
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ECIL gets new CMD
Hyderabad: K.S. Rajasekhara Rao has taken over as the new chairman and managing director of the public sector Electronics Corporation of India (ECIL). He succeeds G.P. Srivastava.

Rao was earlier the executive director for Control and Automation and Information Technology and Telecom Groups at ECIL, a premier electronics company, under the Department of Atomic Energy.
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