Rakesh jhunjhunwala 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. — Narendra Modi (@narendramodi) Rakesh Jhunjhunwala will be remembered for giving India its new airline Akasa Air after more than a decade, Aviation Minister Jyotiraditya Scindia said on Sunday while expressing condolences on the ace investor's demise. "Shri Rakesh Jhunjhunwala Ji was not only an astute businessman, but also passionately invested in India's growth story." "He will be remembered for giving India its new airline Akasa Air after more than a decade. My deepest condolences to his family and loved ones," he mentioned. Union Home Minister Amit Shah expressed anguish at the demise of ace investor Rakesh Jhunjhunwala. "His vast experience and understanding of the stock market have inspired countless investors. He'll always be remembered for his bullish outlook. My deepest condolences to his family," tweeted Amit Shah. Commerce Minister Piyush Goyal said Jhunjhunwala was "an inspiration for wealth creation for crores." "Deeply anguished at the demise of veteran investor Rakesh Jhunjhunwala. He was an inspiration for wealth creation for crores. My heartfelt condolences to his family, friends and admirers. Om Shanti," he said in a tweet.

Delighted to meet the one and only Rakesh Jhunjhunwala...lively, insightful and very bullish on India. The Ace Investor is foraying into the aviation sector and is contemplating to invest $35 million to launch an ultra-low-cost airline Akasa Air. The airline will house 70 aircraft within the next four years while the aircraft can carry 180 passengers. Jhunjhunwala had recently told a Bloomberg TV interview that he is "very, very bullish on India’s aviation sector in terms of demand”. Jhunjhunwala will own 40 percent of Akasa Air and is expecting a no-objection certificate from the Aviation Ministry in the next 15 days. A former senior executive of Delta Air Lines Inc will also be associated with Jhunjhunwala's Akasa Air. The prime minister also had a "productive" meeting with Nunzio Quacquarelli, the CEO and Managing Director of QS Quacquarelli Symonds Ltd, and said they talked at length about aspects relating to the education sector.

NEW DELHI: Billionaire He was not keeping well for the past few days and breathed his last today at Breach Candy Hospital in Mumbai, as per the hospital sources. A self-made trader, investor and businessman, Jhunjhunwala was the son of an income tax officer and is survived by his wife and three children. 'Warren Buffett' Rakesh Jhunjhunwala dies at 62: Timeline Often referred to as 'India's Warren Buffett' and the Big Bull of Indian markets, Jhunjhunwala's net worth was $5.8 billion (about Rs 46,000 crore), according to Forbes. An investor with a Midas touch, he was the 48th richest man in the country. Condoling the demise, Prime Minister Narendra Modi in a tweet said "Jhunjhunwala was indomitable". Jhunjhunwala's early life After graduating from Sydenham College in 1985, he enrolled at the Institute of Chartered Accountants of India and married Rekha Jhunjunwala, who is also a stock market investor. Jhunjhunwala developed a childhood fascination for stocks by watching his father, a retired tax commissioner, juggle market investments, he said in an interview with Bloomberg News in 2005. After graduating with honors from Sydenham College of Commerce and Economics in Mumbai, he borrowed $100 from a brother-in-law in 1985 and began buying shares at age 25. According to Forbes, Jhunjhunwala has an estimated net worth of $4.6 billion. One of his early successes was Crisil Ltd, which he first bought in 2002 at Rs 150 apiece. S&P Global offered Rs 775 a share in 2005 to gain cont...

Prime Minister Narendra Modi showered compliments on ace investor Rakesh Jhunjhunwala, following their brief meeting in New Delhi on October 5. Modi said he was delighted to meet "the one and only" Jhunjhunwala, calling him "lively and insightful". Modi, in his tweet, noted that Jhunjhunwala is "very bullish on India". The prime minister's remark comes weeks after the Big Bull - as Jhunjhunwala is prominently referred to - said retail investors should invest at home and not in the US for better returns. "Please don't invest in the US. When the food at home is good, why eat outside. Believe in India. Invest my fellow Indians and prosper," Jhunjhunwala said in an interview with CNBC-TV18 on June 21. Delighted to meet the one and only Rakesh Jhunjhunwala...lively, insightful and very bullish on India. pic.twitter.com/7XIINcT2Re — Narendra Modi (@narendramodi) October 5, 2021 One of India's most successful investors, Jhunjhunwla has reiterated on earlier occasions that he was bullish on the Indian market as the economy was going to see healthy growth. "The economy is at a take-off stage. We went through an NPA cycle and we went through a lot of changes such as Jan Dhan, IBC, RERA, reforms in mining, labour and farm laws. Indian is on a threshold of good and long economic growth. The structural change that is happening in the Indian economy is coming to the fore," Jhunjhunwala said earlier this year. Also Read | 3 Big Factors That Will Decide If Rakesh Jhunjhunwala’s Akasa Airl...