Sunday, October 2, 2022
News

"Full of life, witty and insightful": PM Modi condoles demise of ace investor Rakesh Jhunjhunwala

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai (Maharashtra) | August 14, 2022 10:28:47 AM IST
Prime Minister Narendra Modi on Sunday expressed grief on the sudden passing away of ace stock market investor Rakesh Jhunjhunwala.

"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," prime minister Modi tweeted

"His passing away is saddening. My condolences to his family and admirers. Om Shanti."

Jhunjhunwala, often referred to as India's own Warren Buffet, passed away at the age of 62. He was not keeping well for the past few days and breathed his last today in Breach Candy Hospital in Mumbai, as per the hospital sources.

Jhunjhunwala was born on July 5, 1960. He grew up in Mumbai.

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 ran a privately-owned stock trading firm called RARE Enterprises. He was also the owner of India's newest airline Akasa Air which took off in Indian skies earlier this month.

A lot of people questioned why he planned to start an airline when aviation was not doing well, to which he replied, "I say I'm prepared for failure." He was always bullish about India's stock market and whatever stocks he purchased mostly turned into a multibagger. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Powered by 5G, Airtel unveils immersive ...
India will take lead in 6G: Telecom Mini...
Enough food grain stock available in cou...
PM Modi offers condolences on demise of ...
With target of 191L metric tonnes, paddy...
Telecom Minister launches multi-access I...
More...
 
INDIA WORLD ASIA
Students from school set up by President...
Bolstering national security top priorit...
Chandigarh to host Air Force show...
Kaziranga National Park to partially reo...
CPI-M leader Kodiyeri Balakrishnan no mo...
Railway employees to get bonus equivalen...
More...    
 
 Top Stories
China pushes Gulf nations to deport... 
Rs 2 cr released to compensate Karn... 
Sehwag, Gayle celebrate Navratri wi... 
Lyman is "fully cleared" of Russian... 
Maharashtra CM Eknath Shinde's secu... 
Pakistan exposed: Lashkar module be... 
Gandhi's values can defeat challeng... 
From themes of Vatican to library, ...