Rakesh jhunjhunwala airlines share price

The detailed plan for both the airlines are still being finalised, however, this introduction of two new airlines has underscored the appetite of investors, that too during a time where other existing players are weak due to the fall of travel during the pandemic. The introduction of these two airlines will raise the Everything about Akasa Akasa is said to be the next best airline in the country. It is an upcoming The investment in this project is so huge that it can be a complete game-changer for our economy and it might become a huge competition for the big airlines currently existing in the country. According to a report of Bloomberg, Rakesh Jhunjhunwala will invest a total of USD 35 million. The plan is to have as large as 70 planes over the next 4 years. With the rising investment levels, this plan is not far. The airline is waiting for the no-objection certificate from the How new players are benefitting from the current scenario? Jet Airways witnessed the closure of its operations in 2019, while Air India witnessed potential disinvestment. The pandemic further weakened the position of all the airlines in the country which has led to the airline industry facing a threat of consolidation of market share. However, with the rise in the vaccine rollout and the opening up of travel restrictions, everyone is expecting this sector to bounce back. Rakesh Jhunjhunwala, in an interview, said that he sees the airline industry very bullish in its demand. He further said that som...

“We want to have an organization that’s very tight knit in values, but diverse in experiences, genders, locations within India," Chief Executive Officer Vinay Dube said in an interview. “We were saddened by the plight of employees through the pandemic, some of the bankruptcies that have taken place in Indian aviation, and we wanted to create homes for them where they are happy." The degree to which Putting employee satisfaction so squarely front and center is an interesting strategy in a market that’s historically gone after customers by offering cut-throat prices. Rock-bottom air fares have long been a feature in India, which has a suite of no-frills carriers targeting the nation’s huge flying public. Akasa, backed by some impressive “It’s flattering, overwhelming, but there’s also a hint of sadness because I don’t want so many people to be either unemployed or unhappy," said Dube, who says 95% of staff call him by his first name. “If we don’t treat our employees well, if we don’t take care of them, then it’s very hard for them to take care of customers, which we want them to do." Customer service alone isn’t going to alleviate the pain wrought by Covid, however. Airlines in India are expected to take an $8 billion hit from the pandemic and even before the virus decimated air travel, the landscape was littered with failures. Former billionaires like liquor baron Vijay Mallya with Kingfisher Airlines and travel agent-turned-entrepreneur Naresh Goyal with Jet Airways India ...

NEW DELHI: The carrier, which is preparing to start flying in late May, is taking the unusual approach of granting company shares to a bigger pool of top employees, rather than a select group of senior executives, as the aviation industry globally suffers from a talent shortfall. Airlines have retrenched thousands of workers because of the pandemic and many pilots have quit, either taking early retirement or switching careers. “We want to have an organization that’s very tight knit in values, but diverse in experiences, genders, locations within India,” chief executive officer Vinay Dube said in an interview. “We were saddened by the plight of employees through the pandemic, some of the bankruptcies that have taken place in Indian aviation, and we wanted to create homes for them where they are happy.” The degree to which Akasa plans to grant stock options for staff will be “far greater than most airlines in India and hopefully reminiscent of maybe some of the tech startups where they go fairly deep in the way they provide employee stock ownership plans,” Dube said. There isn’t a suggestion stock options would be given to air crew or regular pilots, however. Putting employee satisfaction so squarely front and center is an interesting strategy in a market that’s historically gone after customers by offering cut-throat prices. Rock-bottom air fares have long been a feature in India, which has a suite of no-frills carriers targeting the nation’s huge flying public. Akasa, back...

“Stock markets are always right. Never time the market,” Rakesh Jhunjhunwala, the ace investor of India once said. The quote captures his investing style. He is known for picking value stocks and staying put for a long time to make the most of his investments. His popularity in the investors’ community can also be gauged from the titles he was showered with, ranging from ‘Indian Warren Buffett’ to ‘Big Bull’. While the veteran investor Rakesh Jhunjhunwala passed away at 62 on Sunday morning at 6.45 am in Mumbai, his investing style and astuteness in the stock market stays forever. During his stint in the stock market, Rakesh Jhunjhunwala invested in a number of multi-bagger stocks amassing a net worth of more than $5.5 billion. Consider this: The ace investor held 4.4 crore shares of ‘Titan Company Limited, which he purchased in 2002-03 at an average price of Rs 3. It is currently trading at a price of Rs 2,471.95. Known for his value investing, Rakesh Jhunjhuwala also bought 40 lakh equity shares of Crisil along with his wife Rekha Jhunjhunwala comprising 5.5 per cent stake in the company. His long-term bet also includes companies like Agro Tech Foods, Escorts, Autoline Industries, Bilcare, Geojit Financial Services where he was holding stake for 10 years and more. Overall, he had a stake in 47 companies at the end of June quarter (Q1 FY 2022-23). Design: Pragati Srivastava An eternal optimist about the growth story of India, Rakesh Jhunjhunwala was alw...

Billionaire investor Rakesh Jhunjhunwala has trimmed his shareholding in The Mandhana Retail Ventures Limited, selling 98,094 equity shares of the company or 0.44% of his total shareholding in the company. According to the latest shareholding pattern of Mandhana Retail Ventures, available on the BSE website, Rakesh Jhunjhunwala held a 12.74% stake in The Mandhana Retail Ventures at the end of June this year. The stock price of Mandhana Retail Ventures has zoomed 20.83% so far this year. Most of these gains were recorded in the first six months of the year; the stock has moved lower after that. “This is to inform you that as on September 16, 2021, I was holding 23,78,871 equity shares (10.7726%) of The Mandhana Retail Ventures Limited,” Rakesh Jhunjhunwala said in a letter to the company secretary of Mandhana Retail. “From the last disclosure till September 16, 2021, I have reduced the holding by 4,34,403 equity shares, which is 1.96% of the total issued paid-up capital of The Mandhana Retail Ventures Limited,” he added. The big bull further added that between September 17 and September 20 this year, he sold another 98,094 equity shares of The Mandhana Retail Ventures. Stocks To Watch: Adani Enterprises, Reliance Industries, Kotak Mahindra Bank, Zomato, Anupam Rasayan The recent sale, along with the previous one, has helped Rakesh Jhunjhunwala trim his shareholding in the company to 22,80,777 equity shares, which is 10.3284% of the total issued and paid-up capital of The Ma...

Rakesh Jhunjhunwala has bought more shares of Titan in the quarter ended December 2021. According to the latest shareholding pattern of Titan, Jhunjhunwala now holds 4.02% stake in Titan Company, up from 3.80% at the end of September 2021 quarter. Titan is the biggest stock in his portfolio, valued at Rs 11,849.64 crore at Thursday’s closing price of Rs 2,618.65 per share. Meanwhile, Rakesh Jhunjhunwala’s wife Rekha’s shareholding in Titan remained unchanged at 1.07%. The Big bull publicly holds 35 stocks with a net worth of over Rs 24,225.7 crore, according to Trendlyne. Big bull hikes Titan holdings Stocks To Watch: Adani Enterprises, Coal India, Aditya Birla Capital, Uno Minda, MOIL, Grasim, GAIL (India) Titan shares rallied over 75% in last one year Titan Company stock has rallied over 10.38 per cent in the past month, and 51.98% in the past six months. The stock rose nearly one per cent on Friday to hit an intraday high of Rs 2,643 per share, down 1.6% from its 52-week high of Rs 2,687. In the last couple of months, the stock corrected 13.5 percent falling to Rs 2,239.35 per share on December 20, from Rs 2,588.8 per share, hit on October 18. However, with recovery in the overall equity market, the stock also recovered, and has rallied 17% till date from 20 December, as against Nifty’s 10% rally. Titan shares have jumped 74.46 per cent in a year, and over 620 per cent in the last five years. So far in 2022, Titan stock has gone up nearly 3 per cent.