Connect with us


Rakesh Jhunjhunwala, Dubbed India’s Warren Buffett, Dies at 62 : NPR




A man takes a picture of a poster paying tribute to veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala in Mumbai, India, Sunday. Jhunjhunwala, died at the age of 62.

Rafiq Maqbool/AP

hide title

change the title

Rafiq Maqbool/AP

A man takes a picture of a poster paying tribute to veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala in Mumbai, India, Sunday. Jhunjhunwala, died at the age of 62.

Rafiq Maqbool/AP

Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s Warren Buffett, died on Sunday in the city of Mumbai, the Press Trust of India news agency reported. He was 62 years old.

Prime Minister Narendra Modi led the tributes to the business tycoon, who had a net worth of $5.8 billion, according to Forbes.

“Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the world of finance,” Modi tweeted and also expressed his condolences to Jhunjhunwala’s family.

The cause of his death has not yet been released, although he was said to have been suffering from various health problems, local media reported.

Jhunjhunwala, a chartered accountant from the northern state of Rajasthan, started investing in the stock market while still in college, starting with capital of just 5,000 rupees ($63). He went on to found and manage RARE Enterprises, an asset management firm. As his net worth steadily increased, he became one of India’s richest men with investments in some of the country’s biggest companies.

In his latest venture, he helped launch low-cost airline Akasa Air, which made its first flight last week. Jhunjhunwala was seen leaving in a wheelchair, local media reported.

The airline said it was “deeply saddened” by the news of his death. “We at Akasa cannot thank Mr.

Also called the “Great Bull” of the country’s Bombay Stock Exchange, Jhunjhunwala was known for taking risks in the market and in his investments.

“Investor, bold risk-taker, masterful understanding of stock market,” tweeted Finance Minister Nirmala Sitharaman, calling him a “leader in his own right” who strongly believed in India’s strength and growth.

In one interview last week with news channel CNBC-TV18, Jhunjhunwala said that despite adverse economic conditions worldwide, “the Indian market will grow but at a slower pace.”

He left behind his wife and three children.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]