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Business News/ News / India/  Rakesh Jhunjhunwala's death, new FD rates and more: Mint Evening Digest

Rakesh Jhunjhunwala's death, new FD rates and more: Mint Evening Digest

Mint Evening Digest: Read the top business news, equity market precursors, and economic and banking news updates from India and across the world for 14 August, 2022

Rakesh Jhunjhunwala, stock market investor, died of a sudden cardiac arrest todayPremium
Rakesh Jhunjhunwala, stock market investor, died of a sudden cardiac arrest today

'Success is temporary': A journey of Rakesh Jhunjhunwala's net worth from 1 cr to over 46 cr

"Growth comes from chaos, not order" big bull Rakesh Jhunjhunwala once said. It makes one wonder what exactly the 'Warren Buffett of India' meant by this quote, but then if looked upon his net worth and how his earnings from stocks have held a roller coaster pattern over the past more than two decades, one will understand these words along the lines. Sadly, the man who spoke many such inspirational quotes on investments in stocks -- has passed away this Sunday morning in Mumbai's Breach Candy Hospital. Read here

3 high-rated small-cap funds turn SIP of 10,000 to over 6 lakhs in 3 years

Small-cap funds are the only funds where positive inflows have marginally grown, while all other main categories of equity fund inflows have plummeted in July, as per AMFI. Positive inflows into small-cap funds climbed by 10.11% from June to July, reaching 1,779.45 cr. Read here

This one mathematical formula Rakesh Jhunjhunwala held while investing

Rakesh Jhunjhunwala was the testimony of success from stocks. He was called a stock market investor with a Midas touch. He was idolized by many investors holding the same dreams of becoming millionaires or billionaires from equities. But just like every success story has a formula, and a background, Jhunjhunwala also had one. Read here

SBI vs IndusInd vs Axis vs Kotak Vs Canara vs Yes Bank: Check new FD rates

To combat soaring inflation, the Reserve Bank of India's monetary policy committee increased the benchmark repo rate by 50 basis points to 5.4% in August. This was the third consecutive jump. Bank loan and deposit interest rates have increased as a result of the increase in the repo rate. Read here

India's 75th Independence: 5 most valued stocks in the last 7 decades

The Indian stock market commenced trading in 1855, and the S&P BSE Sensex was established in 1986. Its initial level was 561.01, and as of now, the BSE index has climbed to 59,462.78 and has experienced an all-time high of 10,499.24%. Read here

Mint Morning Digest

India rice crop suffers setback as patchy rains reduce plantings

The crop is faltering at a time when rampant food inflation is hurting economies across the world, and is set to affect billions of people that depend on the staple. India accounts for about 40% of global rice trade. Read more

US tells India that Indian ship used to reroute Russian-linked fuel to New York

The United States has expressed concern to India that it was used earlier this year to export fuel made from Russian crude to New York through high-seas transfers, a top Indian central banker said on Saturday. Read more

Salman Rushdie off ventilator and talking, says Agent Andrew Wylie

Salman Rushdie has been taken off the ventilator and is able to talk, his book agent Andrew Wylie confirmed the news, a day after the author was stabbed at a literary event in New York state. Read more

Opinion | What if India and Pakistan actually got along?

Every now and then — but not too often — it is worth floating an idea that hardly anyone agrees with, if only to keep the discourse fresh. In that spirit, consider my latest entry to this category: The status quo between India and Pakistan is temporary. Read more

China calls for India to reiterate its one-China policy

China on Saturday called for India to reiterate its support for the 'One-China' policy in the backdrop of the crisis in the Taiwan Strait, a day after New Delhi suggested that there was no need for any "reiteration" on it. Read more



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Published: 14 Aug 2022, 08:07 AM IST
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