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Rakesh Jhunjhunwala portfolio's top holding is in Titan The portfolio summary for March 2023 shows that late Rakesh Jhunjhunwalas highest holding by value is in Titan to the tune of Rs 12,253 crore. The next most-valued holding is in Star Health to the tune of Rs 6,050 crore, followed by Metro Brands at Rs 3,326 crore and Tata Motors at Rs 2,475 crore. The other top holdings in the top 10 include Canara Bank, Indian Hotels, Federal Bank, NCC, and Fortis Healthcare. The newly-bought holdings include Sun Pharma Advanced Research and Raghav Pro...
Rakesh Jhunjhunwala portfolio's top holding is in Titan
Rakesh Jhunjhunwala portfolio's top holding is in Titan
Source: IANS
27/04/2023 9:06:35 AM
Big Bull Rakesh Jhunjhunwala left a will, set to bequeath Rs 50,000 cr fortune to wife and children The bull has sadly left the sand pit before his time, very much at the peak of his prowess. Putting an end to all speculation, legal fraternity sources have revealed that top stockbroker and Big Bull Rakesh Jhunjhunwala has left a will which will provide direction and intent on his heirs and the handling of his colossal fortune hereafter. Jhunjhunwala, whose fortune is believed to be worth approximately Rs 50,000 crore, had arranged to ensure his estate, including shares and property, is b...
Big Bull Rakesh Jhunjhunwala left a will, set to bequeath Rs 50,000 cr fortune to wife and children
Big Bull Rakesh Jhunjhunwala left a will, set to bequeath Rs 50,000 cr fortune to wife and children
Source: IANS
25/08/2022 9:50:49 AM
Quote on Rakesh Jhunjhunwala's demise By CJ George, Geojit Financial Services Quote on Rakesh Jhunjhunwala's demise By CJ George, MD & CEO of Geojit Financial Services "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 ...
Quote on Rakesh Jhunjhunwala's demise By CJ George, Geojit Financial Services
Quote on Rakesh Jhunjhunwala's demise By CJ George, Geojit Financial Services
Source: Geojit Financial Services Ltd
14/08/2022 6:01:03 PM
Rakesh Jhunjhunwala, an ace investor with compassion towards the society at large: Prakash, Star Health He was not just an investor expecting to rake in returns but an investor who wanted to do good to the society at large by being a shareholder in Star Health and Allied Insurance Company Ltd, said a senior official. "He wanted a new born baby to have an insurance cover from the day it was born without any waiting period. Jhunjhunwala also wanted the company's telemedicine facility to be available to all and not just for our policyholders. We also came out with an upgraded insuran...
Rakesh Jhunjhunwala, an ace investor with compassion towards the society at large: Prakash, Star Health
Rakesh Jhunjhunwala, an ace investor with compassion towards the society at large: Prakash, Star Health
Source: IANS
14/08/2022 5:31:44 PM
Aviation Minister Jyotiraditya Scindia, several airlines remember Rakesh Jhunjhunwala  Rakesh Jhunjhunwala, the ace investor, who remained passionately invested in India's growth story, will be remembered for giving India its new airline Akasa Air after more than a decade, said Aviation Minister Jyotiraditya Scindia. The civil aviation minister and many Indian airlines paid tributes to the veteran investor Jhunjhunwala, who passed away in Mumbai on Sunday following a cardiac arrest. Scindia on Sunday said, "Sh Rakesh Jhunjhunwala Ji was not only an astute busi...
Aviation Minister Jyotiraditya Scindia, several airlines remember Rakesh Jhunjhunwala
Aviation Minister Jyotiraditya Scindia, several airlines remember Rakesh Jhunjhunwala
Source: IANS
14/08/2022 4:01:16 PM
Rakesh Jhunjhunwala-backed Nazara Tech now a leading gaming company  As the Indian game developers begin to expand their global footprint, shares of ace investor Rakesh Jhunjhunwala-backed online gaming company Nazara Technologies surged 20 per cent after the firm reported a 22 per cent rise in net profit for June quarter this year. Jhunjhunwala, who understood the future of online gaming in India when the industry was still in its infancy, owned 10.03 per cent or 65.88 lakh shares in Nazara Technologies, whose partnership with global e-sports platfor...
Rakesh Jhunjhunwala-backed Nazara Tech now a leading gaming company
Rakesh Jhunjhunwala-backed Nazara Tech now a leading gaming company
Source: IANS
14/08/2022 3:57:29 PM
Investing community mourns death of Rakesh Jhunjhunwala The private equity investing community on Sunday was saddened by the sudden death of broker-investor Rakesh Jhunjhunwala. "Saddened by this news. Most unexpected and only 62. He inspired many people to invest in our public markets. And was promoter of a few," Kris Gopalakrishnan, Chairman, Axilor Ventures told IANS. According to investors, Jhunjhunwala started investing in private companies recently. He had invested in standalone health insurer Star Health and Allied Insura...
Investing community mourns death of Rakesh Jhunjhunwala
Investing community mourns death of Rakesh Jhunjhunwala
Source: IANS
14/08/2022 12:47:04 PM
PM Narendra Modi, other cabinet members pay tribute to Rakesh Jhunjhunwala Prime Minister Narendra Modi and several other senior members of the Union cabinet expressed deep grief over the passing away of noted stock investor Rakesh Jhunjhunwala on Sunday. "Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world," PM Modi said in a tweet, sharing a photograph of himself with the investor. "He was also very passionate about India's progress. His passing away is ...
PM Narendra Modi, other cabinet members pay tribute to Rakesh Jhunjhunwala
PM Narendra Modi, other cabinet members pay tribute to Rakesh Jhunjhunwala
Source: IANS
14/08/2022 9:40:48 AM
Indian billionaire Rakesh Jhunjhunwala dies at 62, media reports Indian billionaire stock investor Rakesh Jhunjhunwala, known as "India's Warren Buffett", died on Sunday at age 62, media said. The promoter of India's newest airline, Akasa, Jhunjhunwala appeared days ago at its public launch. He is survived by his wife and three children. The cause of death was not immediately known. Major politicians and business leaders mourned his death on social media. "Rakesh Jhunjhunwala was indomitable," Prime Minister Narendra...
Indian billionaire Rakesh Jhunjhunwala dies at 62, media reports
Indian billionaire Rakesh Jhunjhunwala dies at 62, media reports
Source: Reuters
14/08/2022 9:17:25 AM
India`s newest budget carrier Akasa begins commercial operations  India's newest budget carrier Akasa Air, which is backed by billionaire Rakesh Jhunjhunwala, began commercial operations on Sunday with a maiden flight from the financial capital of Mumbai to the city of Ahmedabad. Starting from Sunday, Akasa Air will operate weekly flights from Mumbai to Ahmedabad, a commercial hub in the neighbouring state of Gujarat, the company said in a statement. "We want to serve our country by creating strong transportation links which are the und...
India`s newest budget carrier Akasa begins commercial operations
India`s newest budget carrier Akasa begins commercial operations
Source: Reuters
8/08/2022 9:21:29 AM
Aviation Minister flags off Akasa maiden flight Civil Aviation Minister Jyotiraditya Scindia will on Sunday inaugurate Akasa Air's first commercial flight that will operate on the Mumbai-Ahmedabad route. Earlier, on July 22, India's newest airline Akasa Air on Friday opened ticket bookings for its first commercial flights with an initial network in Ahmedabad, Bengaluru, Mumbai, and Kochi. Initially, Akasa Air, whose airline code is QP, will launch its operations by offering 28 weekly flights between Mumbai and Ahmedabad start...
Aviation Minister flags off Akasa maiden flight
Aviation Minister flags off Akasa maiden flight
Source: IANS
7/08/2022 2:05:36 PM
India's newest budget carrier Akasa opens bookings, flights begin on Aug 7 India's newest budget carrier Akasa Air, which is backed by billionaire Rakesh Jhunjhunwala, has opened ticket sales for its first commercial flights starting Aug. 7, the airline said in a statement on Friday. Akasa's initial network will include a total of 56 weekly flights between the western cities of Mumbai and Ahmedabad and the southern cities of Bengaluru and Kochi on its new Boeing 737 MAX planes, it said. "Akasa Air's network strategy is focused on establishing ...
India's newest budget carrier Akasa opens bookings, flights begin on Aug 7
India's newest budget carrier Akasa opens bookings, flights begin on Aug 7
Source: IANS
22/07/2022 12:45:21 PM
Indian budget carrier Akasa Air gets final approval to begin flying India's newest budget carrier Akasa Air, which is backed by billionaire Rakesh Jhunjhunwala, has got a final approval from the country's aviation regulator to begin flying passengers, it said on Thursday. The airline plans to launch its first flight later this month, Akasa said in a statement, after receiving its air operator certificate (AOC) from the Directorate General of Civil Aviation (DGCA). "We now look forward to opening our flights for sale, leading to the start of...
Indian budget carrier Akasa Air gets final approval to begin flying
Indian budget carrier Akasa Air gets final approval to begin flying
Source: Reuters
8/07/2022 8:55:28 AM
Rakesh Jhunjhunwala-backed Metro Brands hits 20% upper circuit on Q3FY22 profits Ace investor Rakesh Jhunjhunwala-backed Metro Brands' shares hit the 20 per cent upper circuit on Monday after the company reported high net profits during Q3FY22. During Q3FY22, the firm reported 53.2 per cent growth year-on-year in consolidated net profit at Rs 102 crore. Besides, the company's total revenue from operations rose 59 per cent to Rs 484 crore. "...we are pleased to see traction in all our concepts of Metro, Mochi, Walkway, and Crocs. We also are encouraged b...
Rakesh Jhunjhunwala-backed Metro Brands hits 20% upper circuit on Q3FY22 profits
Rakesh Jhunjhunwala-backed Metro Brands hits 20% upper circuit on Q3FY22 profits
Source: IANS
18/01/2022 11:16:23 AM
Key News - India Inc, Airtel Payments Bank, RBL Bank Ltd, IL&FS Infrastructure Investment Trust By ARETE Securities Key News India Inc raises over Rs 9-trn through equity, debt issuances in 2021 Indian companies have mopped up more than Rs 9 trillion through equity and debt routes in 2021 to meet their renewed thirst for business expansion in a buoyant stock market brimming with liquidity and helped by recovering macroeconomic indicators after pandemic-ravaged first few months. Unless the still-evolving Omicron situation plays spoilsport, the next year is expected to be much more robust in terms of f...
Key News - India Inc, Airtel Payments Bank, RBL Bank Ltd, IL&FS Infrastructure Investment Trust By ARETE Securities
Key News - India Inc, Airtel Payments Bank, RBL Bank Ltd, IL&FS Infrastructure Investment Trust By ARETE Securities
Source: ARETE Securities Ltd
27/12/2021 9:32:50 AM
Jhunjhunwala-backed Metro Brands lists with 12% discount, pares losses intra-day Ace investor Rakesh Jhunjhunwala-backed Metro Brands' shares were listed on the bourses at a discount of 12 per cent over its issue price on Wednesday. Founded in 1955, the Mumbai-based firm deals in retail footwear. As of March 31, 2021, it operated 598 stores in 136 cities spread across the country. However, during the day's trade, it pared the entire intra-day losses and settled marginally higher at Rs 504, against its offer price of Rs 500, NSE data showed. The company...
Jhunjhunwala-backed Metro Brands lists with 12% discount, pares losses intra-day
Jhunjhunwala-backed Metro Brands lists with 12% discount, pares losses intra-day
Source: IANS
23/12/2021 9:23:22 AM
India's Star Health trades flat in debut after tepid IPO By Shivani Singh BENGALURU -India's Star Health and Allied Insurance Co, backed by billionaire stock investor Rakesh Jhunjhunwala, see-sawed in a weak debut on Friday, after failing to attract investor interest in a blockbuster year for domestic listings. Shares of the country's largest private health insurer were down 6% in pre-open trade before reversing course to gain 4.4%. At 0635 GMT, shares were trading flat at 901.40 rupees. At the day's high of 940 rupees, th...
India's Star Health trades flat in debut after tepid IPO
India's Star Health trades flat in debut after tepid IPO
Source: Reuters
10/12/2021 1:47:32 PM
India`s Akasa Air orders 72 Boeing 737 MAX jets DUBAI - Akasa Air, the Indian low-cost airline backed by billionaire investor Rakesh Jhunjhunwala, placed an order for 72 Boeing 737 MAX jets, a move that might help the U.S. planemaker regain lost ground in one of the world's most promising markets.
India`s Akasa Air orders 72 Boeing 737 MAX jets
India`s Akasa Air orders 72 Boeing 737 MAX jets
Source: Reuters
16/11/2021 5:31:47 PM
Earning wings: Akasa Air's clearances likely by year-end  Stock market maverick Rakesh Jhunjhunwala backed upcoming airline venture -- Akasa -- is expected to get all Central clearances to commence airline operations by year-end. Accordingly, the proposed airline venture has applied for a NoC (No Objection Certificate), AoP (Air Operator Permit) and other permits from the Ministry of Civil Aviation (MoCA). In fact, the first stage of acquiring the NoC is still underway. Interestingly, there are several stages to get the overall clearan...
Earning wings: Akasa Air's clearances likely by year-end
Earning wings: Akasa Air's clearances likely by year-end
Source: IANS
20/08/2021 2:42:10 PM
NCC, Karur Vysya among top 'Jhunjhunwala' stocks to surge post budget  As the domestic equity market has accentuated its bull run post the Union Budget, stocks with investments from the big bull of the Indian stock market, Rakesh Jhunjhunwala, have too have made it bigger in the past couple of weeks. Stocks like NCC and Karur Vysya Bank have gained well over 20 per cent since the Union Budget FY22 was presented on February 1. Jhunjhunwala, often called India's own Warren Buffett, individually holds 10.94 per cent stake in the construction enginee...
NCC, Karur Vysya among top 'Jhunjhunwala' stocks to surge post budget
NCC, Karur Vysya among top 'Jhunjhunwala' stocks to surge post budget
Source: IANS
17/02/2021 9:03:55 AM