Rakesh jhunjhunwala death

Aug 14 (Reuters) - Here are reactions to the death of billionaire investor Rakesh Jhunjhunwala, known as "India's Warren Buffett". INDIAN PRIME MINISTER NARENDRA MODI: "Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti." INDIAN FINANCE MINISTER NIRMALA SITHARAMAN: "Investor, bold risk taker, masterly understanding of the stock market, clear in communication - a leader in his own right. Had strong belief in India’s strength and capabilities." UDAY KOTAK, CEO OF KOTAK MAHINDRA BANK: "Rakesh Jhunjhunwala: my school and college mate. One year my junior. Believed stock India was undervalued. He is right. Amazingly sharp in understanding financial markets. We spoke regularly, more so during COVID. Will miss you Rakesh!" ANDREW HOLLAND, CEO OF AVENDUS CAPITAL ALTERNATIVE STRATEGIES: “I just have the fondest memories of sitting in Geoffrey’s bar and discussing markets. Such a humble and nice, warm hearted man.” GAUTAM ADANI, FOUNDER AND CHAIRMAN, ADANI GROUP: "Extremely saddened by the untimely passing away of the most legendary investor that India has had. Shri Jhunjhunwala inspired an entire generation to believe in our equity markets with his brilliant views. We will miss him. India will miss him but we will never forget him. RIP." N. CHANDRASEKARAN, CHAIR...

Billionaire investor Rakesh Jhunjhunwala death: Billionaire Rakesh Jhunjhunwala's Akasa Air is still in a nascent stage.(FIle Photo) The veteran investor - often called the ‘Warren Buffet of the Indian market’ - was reported to be unwell for some time. His net worth was estimated to be around $5.8 billion, according to Forbes. His most recent appearance was at the launch of the airlines where he was seen in a wheelchair. The cause of the death was not immediately known. “Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress," Condolences flooded social media as leaders across the nation remembered him. Finance minister Nirmala Sitharman paid him respects in her tweet: “Investor, bold risk taker, masterly understanding of the stock market, clear in communication- a leader in his own right. Fondly remember several conversations we’ve had. Had strong belief in India’s strength and capabilities. Condolences.” "Shocked & saddened by the untimely demise of ace stock trader & investor Rakesh Jhunjhunwala this morning. A role model for many young investors, he was an institution by himself. May his soul rest in peace & may God grant his family & friends, strength to bear this huge loss (sic)," wrote Karnataka CM Basavaraj S Bommai. Jhunjhunwala was said to have started investing in stock right when he was in college. The business magnate - who dr...

The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely followed. The man known as India’s Warren Buffett died of a reported cardiac arrest Sunday at the age of 62. The self-made trader invested in a wide swathe of established businesses and startups, and served on the boards of several Indian firms.

Vinay Dube, Founder and CEO at Akasa Air We are deeply saddened by the untimely demise of Mr. Rakesh Jhunjhunwala this morning. Our thoughts and prayers are with Mr. Jhunjhunwala's family and friends. May his soul rest in peace. We at Akasa cannot thank Mr. Jhunjhunwala enough for being an early believer in us and putting his trust and faith in us to build a world-class airline. Mr. Jhunjhunwala had an invincible spirit, was deeply passionate about everything Indian and cared greatly for the well-being of our employees and customers. Akasa Air will honour Mr. Jhunjhunwala's legacy, values and belief in us by striving to run a great airline. "Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world," PM Modi said in a tweet, sharing a photograph of himself with the investor. Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India's progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti. IndiGo Airlines Our thoughts and prayers are with the family of Mr Rakesh Jhujhunwala at the time of their tragic loss. Mr Jhunjhunwala was a towering figure in India's financial world, and we also commend his recent contribution to Indian aviation with the launch of Akasa Air. He was an inspiring personality, and will be deeply missed. Gautam Adani, ...

Rakesh Jhunjhunwala Death Updates: The last rites of Rakesh Jhunjhunwala, the ace stock market investor and a promoter of the recently-launched Akasa Air, were performed at the Banganga Crematorium in Mumbai. Jhunjhunwala, who was not keeping well for some time, died on Sunday morning due to a cardiac arrest at the age of 62. Son of an income tax officer, he is survived by his wife and three children. The cremation was scheduled to be held at 5:30 pm but it was delayed as the arrival of Jhunjhunwala's brother from Dubai was awaited. Jhunjhunwala was brought dead at the city's Breach Candy hospital early on Sunday morning. Suffering from kidney disease and ischemic heart disease, the hospital certified that cardiac arrest was the cause of his death. Earlier in the day, a host of politicians cutting across party lines, and corporate leaders condoled his death. Show more Show less • Veteran stock market investor Rakesh Jhunjhunwala passed away in Mumbai. He was 62 • Maharashtra government officials will have to say Vande Mataram instead of hello while receiving phone calls in offices: minister • Delhi logs 2,162 fresh COVID-19 cases, five deaths in a day. Positivity rate stands at 12.62 per cent: Health bulletin • Vice Chief of Indian Navy Vice Admiral SN Ghormade begins two-day visit to Sri Lanka to hand over Dornier aircraft: Sources • 7 armed militants of the banned People's Liberation Army arrested from different parts of Manipur ahead of Independence Day • US lawmakers v...

Rakesh Jhunjhunwala Death News: Rakesh Jhunjhunwala passed away due to multiple health issues, including kidney ailments. Jhunjhunwala was admitted to the Breach Candy Hospital in Mumbai a few days ago and was later discharged. He was taken to the hospital today at 6.45 am but was declared brought dead. • Rakesh Jhunjhunwala passed away due to multiple health issues, including kidney ailments. As per TV channel CNN IBN, Jhunjhunwala was admitted to the Breach Candy Hospital in Mumbai a few days ago and was later discharged. He was taken to the hospital today at 6.45 am but was declared brought dead. • He is survived by his widow, two sons, and a daughter. • According to Forbes' Real-time Billionaires Index, the 62-year-old business magnate is ranked among the top 500 richest billionaires, with a net worth of $5.5 billion as of July 2022. • Born on July 5, 1960, Jhunjhunwala grew up in Mumbai where his father was posted as an Income Tax Officer. After graduating from Sydenham College in 1985, he took admission to the Institute of Chartered Accountants of India and married Rekha Jhunjunwala, who is also a stock market investor. • Jhunjhunwala was the promoter of Akasa Air and Star Health & Allied Insurance. He was also chairman of Hungama Media and Aptech, as well as a director of Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services. • Jhunjhunwala also successfully invested in Titan, CRISIL, Sesa Goa, Praj Industries, Aurobindo Pharma, and NCC over...