Rakesh jhunjhunwala latest news

Billionaire investor Rakesh Jhunjhunwala is planning on having 70 aircraft within four years for a new airline he wants to set up in India on optimism more people will travel by air. Jhunjhunwala, who is considering investing $35 million and would own 40% of the carrier, expects to get a no-objection certificate from India’s aviation ministry in the next 15 days, he said in a Bloomberg Television interview Wednesday. The ultra-low cost airline will be called Akasa Air and the team, which includes a former senior executive of Delta Air Lines Inc., is looking at planes that can carry 180 passengers, he said.

Rakesh Jhunjhunwala latest news: India's 'Warren Buffett' journey, stocks, portfolio and more A chartered accountant by education, he chose Dalal Street instead of auditing accounts. In 1985, Jhunjhunwala invested Rs 5,000 as capital. By September 2018, that capital had inflated to Rs 11,000 crore. • • • • • Starting off his journey in stock markets while still in college with a capital of just Rs 5,000, he recently teamed up with ex-Jet Airways CEO Vinay Dube and former IndiGo head Aditya Ghosh to launch Akasa Air -- India's newest budget carrier. The airline began commercial operations this month with a maiden flight from Mumbai to Ahmedabad. An investor with Midas touch, Jhunjhunwala was the 48th richest man in the country. A chartered accountant by education, he chose Dalal Street instead of auditing accounts. In 1985, Jhunjhunwala invested Rs 5,000 as capital. By September 2018, that capital had inflated to Rs 11,000 crore. His portfolio includes companies like Star Health, Titan, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies, Tata Motors. Overall, he had a stake in 47 companies at the end of the June quarter. Titan, Star Health, Tata Motors and Metro Brands were some of his largest holdings. He was the chairman of Hungama Media and Aptech and was on the board of directors of firms such as Viceroy Hotels, Concord Biotech, Provogue India and Geojit Financial Services. Born on July 5, 1960 in a Rajasthani family, Jhunjhu...

Rakesh Jhunjhunwala's New Airline May Order 70 Boeing 737 Max: Report The airline, Akasa, backed by Rakesh Jhunjhunwala, held discussions with Airbus for its best-selling A320neo jets, but that model isn't available for delivery until several years down track, tilting equation in Boeing's favor, people said, asking not to be identified because matter is confidential. Boeing Co. is in advanced discussions with a newly created Indian budget carrier to sell 737 Max jets, according to people familiar with the matter, a deal that could give the U.S. planemaker a crucial breakthrough in a major market dominated by Airbus SE. The airline, Akasa, backed by billionaire investor Rakesh Jhunjhunwala, has also held discussions with Airbus for its best-selling A320neo jets, but that model isn't available for delivery until several years down the track, tilting the equation in Boeing's favor, the people said, asking not to be identified because the matter is confidential. The talks aren't finalized and could still fall apart, the people said. Akasa, which is seeking initial approval from India's aviation ministry, plans to use sale-and-leaseback deals to finance the planes, one of the people said. This would allow the new airline to receive cash from leasing firms as it takes possession of the jets. Mr Jhunjhunwala's new airline is looking at operating a fleet of 70 aircraft in four years, the businessman said in a Bloomberg Television interview last month. An order for 70 units of 737 ...

Ace Investors Portfolio: राकेश झुनझुनवाला और उनके बाद अब उनकी वाइफ रेखा झुनझुनवाला हों या उनके गुरू माने जाने वाल राधाकिशन दमानी, इन दिग्गज निवेशकों का पोर्टफोलियो ऐसे दमदार शेयरों के लिए जाना जाता है, जिनमें मल्टीबैगर रिटर्न मिलता है. आमतौर पर निवेशकों की नजर इनके पोर्टफोलियो पर इसलिए रहती है कि उसमें से कौन सा शेयर खरीदें. वैसे ये बात सही भी है कि दिग्गज निवेशकों के पोर्टफोलियो में शामिल कई शेयरों ने कम समय में हाई रिटर्न देकर दिखाया है. लेकिन इसी पोर्टफोलियो में कुछ शेयर ऐसे भी हैं, जिनमें लगातार खराब रिटर्न मिल रहा है. कह सकते हैं कि इन शेयरों पर दांव लगाना इन दिग्गज निवेशकों के लिए फिलहाल अबतक फायदे का सौदा तो नहीं दिख रहा है. दोनों के पोर्टफोलियो में ऐसे 10 से ज्यादा शेयर हैं, जिनमें इस साल, बीते 5 साल या आलटाइम की बात करें तो रिटर्न निगेटिव रहा है. आरके दमानी के पास इस तरह के जो शेयर हैं, उनमें BF यूटिलिटीज, मंगलम आर्गेनिक्स, सुंदरम फाइनेंस होल्डिंग्स और प्रोजोन इंटू प्रॉपर्टीज शामिल हैं, जबकि VST Industries का भी प्रदर्शन खराब रहा है. जबकि रेखा झुनझुनवाला के पोर्टफोलियो में शामिल ऐसे शेयरों में जुबिलेंट फार्मोवा, प्रोजोन इंटू प्रॉपर्टीज, Wockhardt, Star Health, D B Realty, इडेलवाइस फाइनेंशियल सर्विसेज और Autoline Industries शामिल हैं. आरके दमानी पोर्टफोलियो: परफॉर्म न करने वाले स्टॉक BF यूटिलिटीज इस साल रिटर्न: -11.75% 5 साल में रिटर्न: 3.53% आल टाइम रिटर्न: -79.66% VST Industries इस साल रिटर्न: 3.07% 5 साल में रिटर्न: 13.20% मंगलम आर्गेनिक्स इस साल रिटर्न: -19.57% 5 साल में रिटर्न: -57.11% आल टाइम रिटर्न: -57.11% सुंदरम फाइनेंस होल्डिंग्स इस साल रिटर्न: -2.79% 5 स...