LIVE UPDATES: Rakesh Jhunjhunwalas last rites held in Mumbais Banganga Crematorium
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 here Sunday night. Jhunjhunwala, who was not keeping well for some time, died here Sunday morning due to a cardiac arrest at the age of 62.
(By Ravi Kant Kumar)
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 here Sunday night.
Jhunjhunwala, who was not keeping well for some time, died here 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. HERE ARE ALL THE LIVE UPDATES:-
Latest Updates
Rakesh Jhunjhunwala last rites timing:
Rakesh Jhunjhunwala cremation time dealyed
Rakesh Jhunjhunwala last rites to be performed at 10.30 pm. The cremation of the Big Bull was delayed as some close relatives and family members were yet to reach the venue
This is big loss for the Indian Equity Market because he was a legendary who had strong conviction on India and his conviction is likely to play out big way in next 25 years where India can lead in world's economy growth.- Santosh Meena, Head of Research, Swastika Investmart Ltd
Rakesh Jhunjhunwala was one of a kind in many ways. Always a cheerleader of India, our economy and markets, Rakesh Jhunjhunwala was a true visionary. An unparalleled optimist and a man of discipline in investments, he always came out a winner be it bull market or bear market!
For Geojit, he was a source of inspiration and guidance for me personally too. Since 2004, he was a member of our board for 12 years and continued as our shareholder. It is indeed sad that fate took him away so early. Indian industry and the stock markets will miss his dynamic leadership. It is a huge loss for India and Rakesh Jhunjhunwala will be greatly missed for me too, it is a void that cannot be filled. CJ George, MD & CEO of Geojit Financial Services
Rakesh Jhunjhunwala will always be remembered for his acute understanding of stock market- Ratan Tata on the Big Bull's death
Anand Mahindra on Rakesh Jhunjhunwala
My strongest memory will always be his unshakeable patriotism, his unwavering belief in India.
Rakesh Jhunjhunwala cause of death: Breach Candy Hospital statement
"Rakesh Jhunjhunwala had a sudden cardiac arrest which was the cause of his death. He was also suffering from chronic kidney disease, was on chronic dialysis & was responding well. He was diabetic and had recently undergone an angioplasty- Dr Pratit Samdani, Breach Candy Hospital, told ANI
Rakesh Jhunjhunwala believed in India's growth story
India has not only lost a great stockbroker, but it has also lost a man who believed in India & who recognized the potential of Indian companies, said Suhel Seth, friend of Akasa Air founder Rakesh Jhunjhunwala.
N Chandrasekaran on Rakesh Jhunjhunwala's demise
“Rakesh Jhunjhunwala believed in India and the sheer potential of the country. This conviction led him to consistently make bold decisions throughout his life and career. He had tremendous regard for the Tata Group. Mr. Jhunjhunwala’s passing is an irreparable loss and we extend our deep condolences to his family and friends.”-N Chandrasekaran, Chairman ,Tata Sons
Rakesh Jhunjhunwala cremation, last rites update
Rakesh Jhunjhunwala will be cremated at Banganga Crematorium, one of the newly built cremation grounds in Mumbai
Rakesh Jhunjhunwala and 2008 global recession
After the 2008 global recession, his stock prices fell by 30 per cent, but he eventually recovered from the loss by 2012. By the year 2020, Jhunjhunwala planned to give away 25 per cent of his wealth to charity, as per PTI. He contributed to St Jude, which runs shelters for cancer-affected children, Agastya International Foundation and Arpan, an entity that helps create awareness among children on sexual exploitation.
Rakesh Jhunjhunwala top five stocks by value
Titan, Star Health and allied Insurance Company, Metro Brands, Tata Motors and Crisil as on June 30, 2022
Rakesh Jhunjhunwala: Idol of common investors- Mumbaikars
Mumbaikars expressed shock over the passing away of ace investor Rakesh Jhunjhunwala, often referred to as India's Warren Buffet, with some describing him as an idol for the common investor. Rakesh Jhunjhunwala was an idol of common investors. He started his journey from Rs 5,000 and went on to become a multi-billionaire,said Mandar Karve. Earlier, the investors assumed that the stock market was akin to betting, but he proved them wrong by investing on the basis of thorough study of the market after watching news channels and newspapers, said Karve, a small-time investor. Jhunjhunwala was an excellent example for the common man, who invests some of his hard-earned money in the share market, he said. Ravindra Bhange, a photographer, said he watched Jhunjhunwala's tips while investing in particular shares. I was eager to know if he had invested in those shares, Bhange said. Jhunjhunwala actually taught small investors where to invest their money and how to keep it growing, said Bhange. His choice of picking up shares helped me to increase my investment, he added.- PTI
Assam CM HB Sarma on Rakesh Jhunjhunwala death
Deeply saddened by sudden demise of prominent investor & industrialist Rakesh Jhunjhunwala ji. My condolences to the bereaved family,":Assam CM HB Sarma
Prakash Javadekar on Rakesh Jhunjhunwala
His Deep knowledge and Insights about the stock & financial markets inspired & guided millions of investors.
FM Nirmala Sitharaman on Rakesh Jhunjhunwala:
Investor, bold risk taker, masterly understanding of the stock market, clear in communication- a leader in his own right, Shri Rakesh Jhunjhunwala is no more.
Samir Arora on Rakesh Jhunjhunwala: Rakesh was a great guy with a big big heart.
Yogi Adityanath on Rakesh Jhunjhunwala
Uttar Pradesh Chief Minister Yogi Adityanath condoled the demise of the Big Bull too. He wrote:
Amit Shah on Rakesh Jhunjhunwala death
He'll always be remembered for his bullish outlook. My deepest condolences to his family: HM
Rakesh Jhunjhunwala last rites timing
Rakesh Jhunjhunwala last rites will be done at around 5.30 PM today. Big Bull's Antim Yatra will begin around the time
Rakesh Jhunjhunwala death news
Rakesh Jhunjhunwala father
Son of an income tax officer, he is survived by his wife and three children.
A chartered accountant by education, he had not been keeping well for the last few months because of a kidney ailment. He was seen on a wheelchair at recent public events.Rakesh Jhunjhunwala Passes away
Uday Kotak on Rakesh Jhunjhunwala
Rakesh Jhunjhunwala school, college frined: "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!"
Rakesh Jhunjhunwala wealth, net worth
A self-made trader, investor and businessman, he was also known as the 'Big Bull' of Dalal Street. With an estimated net worth of around USD 5.8 billion (about Rs 46,000 crore), Jhunjhunwala was the 36th richest billionaire in India, according to Forbes' 2021 listing.
Rakesh Jhunjhunwala death news
Punit Goenka on Rakesh Jhunjhunwala
Zee Entertainment Enterprises Ltd MD & CEO Punit Goenka says You will be remembered as the ‘rare’ one always. Here is what he tweeted:
Rakesh Jhunjhunwala big profit in stock Market
The Big Bull earned his first big profit in 1986 when he bought 5,000 shares of Tata Tea at Rs 43 and the stock rose to Rs 143 within three months. In three years, he earned Rs 20-25 lakh.
Rakesh Jhunjhunwala family
Born on July 5, 1960 in a Rajasthani family, Jhunjhunwala grew up in Bombay, where his father worked as a commissioner of Income Tax. He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.
Rakesh Jhunjhunwala Portfolio stocks
His portfolio includes companies like Star Health, Titan, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies and Tata Motors. Overall, he had 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.
Rakesh Jhunjhunwala news
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.
Rakesh Jhunjhunwala journey
An investor with a Midas touch, he was the 48th richest man in the country.
Rakesh Jhunjhunwala death news
Civil aviation minister Jyotiraditya Scindia pays Jhunjhunwala 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 @AkasaAir after more than a decade.
Rakesh Jhunjhunwala death news
Subhash Chandra pays tribute to Rakesh Jhunjhunwala
His confidence and belief in India Inc. has contributed immensely to its growth. Not just one Street, but many across the Nation will miss you, forever! Rest in Peace #RakeshJhunjhunwala Om Shanti
PM Modi condoles Rakesh Jhunjhunwala's death
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.
Rakesh Jhunjhunwala death News:
As per the June 30, 2022 corporate filings, Rakesh Jhunjhunwala portfolio comprises 32 stocks. The value of these stocks has been pegged at Rs. 31,904.8 crore as on August 12, 2022, as per stock market analysis platform trendlyne.com
Rakesh Jhunjhunwala death news
The celebrity investor was brought to the hospital at 6.45 AM. The celebrity investor was last seen during the launch of Akasa Air on August 7
Rakesh Jhunjhunwala death news
The ace investor died after prolonged illness. Jhunjhunwala was rushed to Breach candy hospital in Mumbai, where the veteran investor was brought dead
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