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Rakesh Jhunjhunwala's death live updates: Big bull's remains to be taken for cremation at 10.30 pm

Investor Rakesh Jhunjhunwala poses for a picture in his office in Mumbai (File Photo) (REUTERS)Premium
Investor Rakesh Jhunjhunwala poses for a picture in his office in Mumbai (File Photo) (REUTERS)

  • Rakesh Jhunjhunwala death live updates: Ace stock market investor Rakesh Jhunjhunwala, often referred to as India's own Warren Buffet passed away at the age of 62

India's Big Bull, veteran investor who ruled the Indian stock market for decades is no more. Rakesh Jhunjhunwala  breathed his last today at Breach Candy Hospital in Mumbai, he was 62.  Rakesh Jhunjhunwala was born on July 5, 1960. India's 36th richest Indian, with a net worth crossing $4 billion. A chartered accountant by profession from the desert state of Rajasthan, Jhunjhunwala started dabbling in stocks while in college and went on to manage a stock trading firm, RARE Enterprises.

14 Aug 2022, 09:53:08 PM IST

Rakesh Jhunjhunwala planned to give away wealth to charity

Rakesh Jhunjhunwala. Whose net worth is nearly 48,000 crore, had plans to give away a large portion of his wealth to charity - starting from 2025. In a 2021 interview, the Warren Buffett of India mentioned donating it to his charitable organisation, RARE Family Foundation. Read more

14 Aug 2022, 09:17:16 PM IST

5 biggest stocks in Rakesh Jhunjhunwala's portfolio

Rakesh Jhunjhunwala who often was called "Warren Buffet of India" publicly held 32 stocks on exchanges and his wealth in these shares is valued at around 32,000 crore so far in August. The biggest stocks in his portfolio are - Titan, Star Health and Allied Insurance Company, Metro Brands, Tata Motors, and Crisil in value terms. His holding in these stocks values from more than 1,000 crore to a whopping over 11,000 crore. Read more

14 Aug 2022, 07:06:19 PM IST

Rakesh Jhunjhunwala's remains to be taken for cremation at 10.30 pm

Rakesh Jhunjhunwala's remains are to be taken for cremation at 10.30 pm

14 Aug 2022, 07:02:47 PM IST

Rakesh Jhunjhunwala will be remembered for his understanding of markets: Ratan Tata

Ratan Tata, Chairman Emeritus of the Tata Group, on Sunday said ace investor Rakesh Jhunjhunwala will always be remembered for his acute understanding of the markets as well as for his jovial personality, kindness, and foresightedness.

Jhunjhunwala, often referred to as 'India's Warren Buffett', passed away here Sunday morning due to a cardiac arrest. He was 62.

Jhunjhunwala had investments in more than three dozen companies, the most valuable being watch and jewellery maker Titan, part of the Tata conglomerate. His portfolio includes companies like Star Health, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies and Tata Motors.

14 Aug 2022, 05:47:32 PM IST

Pied piper of our stock markets:  Harsh Goenka said

My boisterous neighbour, the Pied piper of our stock markets, a ‘Rare’ man with a big heart, the Titan who understood brands, the big bull who was always bullish about the India story, flies along with his planes to the ‘Akasa’! Om Shanti, tweeted Harsh Goenka

14 Aug 2022, 05:21:28 PM IST

Rakesh Jhunjhunwala's mathemical formula to identify stocks

Rakesh Jhunjhunwala, the veteran investor, is no more with us. He took his last breath in Mumbai's Breach Candy Hospital this morning. Rakesh Jhunjhunwala was referred to by many names like 'Dalal Street's big bull' or 'market bull' or 'big bull' or 'market mogul' and even often called 'Warren Buffett of India'. There was a reason why he achieved such prestige references. He 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. He had one mathematical formula that helped him identify his stocks and the majority of them have given strong performance. Read More

14 Aug 2022, 05:03:56 PM IST

Eknath Shinde expresses condolences 

Maharashtra Chief Minister Eknath Shinde and other leaders from the state on Sunday expressed condolences on the demise of veteran stock market investor Rakesh Jhunjhunwala. "India has lost a gem, who made a mark not just on the stock market but on the minds of almost every investor in India," Shinde tweeted. Jhunjhunwala, 62, passed away on Sunday morning in Mumbai. Maharashtra Deputy Chief Minister Devendra Fadnavis said Jhunjhunwala's contribution to the Indian industry will always be remembered. "

14 Aug 2022, 04:33:14 PM IST

Rakesh Jhunjhunwala had a sudden cardiac arrest: Breach Candy Hospital official statement confirmed

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

14 Aug 2022, 04:33:14 PM IST

Rakesh Jhunjhunwala's last public appearance was at Akasa Air's inaugural flight

Rakesh Jhunjhunwala, who held 40 per cent stake in Akasa Air, appeared publicly for the last time at the airline's inaugural flight between Mumbai and Ahmedabad on August 7.

"Normally, a child is born in nine months. We (Akasa Air) took 12 months. It would not have been possible without the cooperation of the Ministry of Civil Aviation," Jhunjhunwala had said in his short speech at the Mumbai airport.

"Nowhere in the world has an airline been conceived and born in 12 months," he had said.

Aviation Minister Jyotiraditya Scindia had virtually inaugurated the first flight of the airline from Delhi.

14 Aug 2022, 03:55:04 PM IST

Rakesh Jhunjhunwala always lived life to fullest: Suhel Seth

Indian businessman and columnist Suhel Seth while expressing his condolences to departed Rakesh Jhunjhunwala said India has not only lost a great stock broker, someone who understood the market, it has lost someone who believed in India and Indianness, who invested not to make money but to make sure those companies grow.

"People like you and me grow with those companies if we were shareholders. Rakesh was a great human being and he will remain etched in our memories. You can leave your money behind but when your memories are so rich in compassion," Seth told ANI.

Ace stock market investor and owner of India's newest airline Akasa Air Rakesh Jhunjhunwala often referred to as India's own Warren Buffet passed away at the age of 62 in Mumbai.

14 Aug 2022, 03:53:34 PM IST

‘Cant thank Rakesh Jhunjhunwala enough…’: Akasa Air

Paying tribute to Rakesh Jhunjhunwala who died early on Sunday at age 62, Akasa Air expressed gratitude for the faith that Jhunjhunwala bestowed on it to “build a world-class airline." Akasa Air was one of the business ventures of Veteran stock market investor Rakesh Jhunjhunwala who passed away on Sunday morning. Notably, the airline recently began commercial operations this month with a maiden flight from the financial capital of Mumbai to the city of Ahmedabad. Read More

14 Aug 2022, 03:15:46 PM IST

Rakesh Jhunjhunwala started his journey with ₹5,000

Rakesh Jhunjhunwala started his journey in stock markets while he was still in college with a capital of just 5,000. Read More

14 Aug 2022, 03:10:27 PM IST

Rakesh Jhunjhunwala's 10 investment principles

Here are the list of 10 investment principles that Rakesh Jhunjhunwala strictly followed throughout his life. Read more

14 Aug 2022, 03:05:23 PM IST

Rakesh Jhunjhunwala's investments tips to Kareena Kapoor, Sonam Kapoor, Priyanka Chopra Jonas

Ace investor Rakesh Jhunjhunwala is no more with us but his investment principles would continue to motivate stock market investors to grow wealth from stock markets. Here's what he advised the following Bollywood actress, read more

14 Aug 2022, 02:22:39 PM IST

Rakesh Jhunjhunwala biggest bet

Money is not in buying and selling of stocks but in wait. This Charlie Munger quote simply suggests that one should hold a stock as long as one can because it helps an investor maximise one's return on money. Rakesh Jhunjhunwala and most of the ace Indian investors have been found suggesting the same to stock market investors. To know how this long term investment helps your money to grow, you need to look at Titan Company shares. This Tata group share has risen from around 3 to 2500 levels in last 20 years. Read More

14 Aug 2022, 02:18:26 PM IST

India Inc pays tribute to Rakesh Jhunjhunwala

Stock investor Rakesh Jhunjhunwala, dubbed "India's Warren Buffett" with an estimated net worth of $6 billion, died early on Sunday at age 62. A chartered accountant by profession from the desert state of Rajasthan, Jhunjhunwala started dabbling in stocks while in college and went on to manage a stock trading firm, RARE Enterprises. Check what market moguls said about him. Read More

14 Aug 2022, 02:18:26 PM IST

Rakesh Jhunjhunwala, the Big Bull who brought panache into investing

Big bulls in India have mostly flattered to deceive. Harshad Mehta, one of the first to be given that title, was the kingpin of one of the biggest market scams in the early 1990s and spent his last days in prison. Ketan Parekh, another pretender to the throne at the turn of the century, ended up in equally disgraceful circumstances. Read More

14 Aug 2022, 02:05:43 PM IST

Watch: Rakesh Jhunjhunwala dancing to a Bollywood song

A video has surfaced that shows Rakesh Jhunjhunwala dancing to a Bollywood song. The billionaire investor, known for his sagacious moves in the stock market, is in a wheelchair while he is flaunting his dance moves. Jhunjhunwala passed away on August 14 at the age of 62. India's Warren Buffett was seen enjoying with his family members at home. And, then, he started grooving to ‘Kajra Re’ from the 2005 film Bunty Aur Babli. Watch Here

 

14 Aug 2022, 01:11:26 PM IST

Union Minister Smriti Irani paid tribute to ace stock market investor Rakesh Jhunjhunwala who passed away on Sunday, saying she lost her brother.

Often referred to as India's Warren Buffett, Jhunjhunwala died early this morning due to a cardiac arrest. He was 62.

"I lost my brother today .. a relationship not known to many. They call him a billionaire investor, the badshah of BSE .. but what he really was .. is and always will be .. is a dreamer," she tweeted.

14 Aug 2022, 12:15:06 PM IST

Akasa air will honour Mr. Jhunjhunwala's legacy, values and belief in us by striving to run a great airline: Akasa airlines

14 Aug 2022, 12:07:46 PM IST

Rakesh Jhunjhunwala's first big profit came from this Tata group stock

Ace investor with Midas touch Rakesh Jhunjhunwala passed away in early morning on Sunday due to cardiac arrest. The Big Bull of Dalal Street began investing in stocks with 5,000 and according to Forbes, Rakesh Jhunjhunwala net wealth today is 5.8 billion.
Read more

14 Aug 2022, 12:06:00 PM IST

Shocked and saddened to learn about the passing away of Shri Rakesh Jhunjhunwala Ji: Pralhad Joshi

Shocked and saddened to learn about the passing away of Shri Rakesh Jhunjhunwala Ji.

He had always dreamt of a bright future for India. My condolences to his family, friends, and admirers. Om Shanti.

14 Aug 2022, 11:53:48 AM IST

Rakesh Jhunjhunwala's journey, stock holdings and investment advice

Rakesh Jhunjhunwala, India's Warren Buffet, or famously called the Big Bull, is no more. He ruled the Indian stock market for decades, making intelligent investment choices to build an empire of stock holdings worth over 40,000 crore. 
Read more 

14 Aug 2022, 11:40:52 AM IST

He was an inspiration for wealth creation for crores: Piyush Goyal

Deeply anguished at the demise of veteran investor Rakesh Jhunjhunwala. He was an inspiration for wealth creation for crores.

My heartfelt condolences to his family, friends and admirers. Om Shanti.

14 Aug 2022, 11:37:48 AM IST

An ace investor, his contributions to India’s capital markets is unparalleled: Dharmendra Pradhan

Rakesh Jhunjhunwala ji was a man who was always bullish on India. An ace investor, his contributions to India’s capital markets is unparalleled. His passing away is a terrible loss to the financial world. My sincere condolences to his family, friends and admirers. ॐ शांति:

14 Aug 2022, 11:37:04 AM IST

My heartfelt condolences to his family, friends and colleagues: Priyanka Chaturvedi Shiv Sena MP

Saddened to hear of the passing away of Shri Rakesh Jhunjhunwala, just days after launching his budget airline, Akasa Airline.

He was not just bullish about the stock market but also about the nation.

My heartfelt condolences to his family, friends and colleagues.

14 Aug 2022, 11:30:04 AM IST

The Big Bull of Dalal Street leaves behind an inspiring legacy. Condolences to his family and friends: N Chandrababu Naidu President TDP

Deeply saddened by Rakesh Jhunjhunwala Ji's passing. A veteran investor & industrialist, his contribution to the Indian Capital Market was immense. The Big Bull of Dalal Street leaves behind an inspiring legacy. Condolences to his family and friends.

14 Aug 2022, 11:25:37 AM IST

May Prabhu Ram give strength to his family members and loved ones: J P Nadda

I am saddened by the terrible news of the passing away of veteran investor, business magnate and stock trader Shri Rakesh Jhunjhunwala this morning. May the departed soul rest in eternal peace and may Prabhu Ram give strength to his family members and loved ones.

Om Shanti

14 Aug 2022, 11:24:47 AM IST

Such a humble and nice, warm hearted man: ANDREW HOLLAND, CEO OF AVENDUS CAPITAL ALTERNATIVE STRATEGIES

I just have the fondest memories of sitting in Geoffrey’s bar and discussing markets. Such a humble and nice, warm hearted man.

14 Aug 2022, 11:22:54 AM IST

Condolences to his family and many admirers : Defense Minister Rajnath Singh

Shocked by the sudden demise of seasoned Investor, Shri Rakesh Jhunjhunwala. He will be remembered for his contributions in business and industry. He was at the forefront of creating a culture of investing in Indian stock markets. Condolences to his family and many admirers.

14 Aug 2022, 11:11:59 AM IST

My heartfelt condolences to his family: Nitin Gadkari

Saddened to hear the news about the demise of ace investor, trader & business magnate Mr. Rakesh Jhunjhunwala.

He has been the part of India's growth story and an inspiration to budding investors.

My heartfelt condolences to his family.

Om Shanti.

14 Aug 2022, 11:06:54 AM IST

Saddened to know about the demise of Shri Rakesh Jhunjhunwala ji: Maharashtra's Deputy CM Devendra Fadnavis

Saddened to know about the demise of Shri Rakesh Jhunjhunwala ji.

His contribution in Indian industry & economic development will be remembered forever.

Our deepest condolences to his family & admirers.

My humble tributes.

14 Aug 2022, 10:57:35 AM IST

Jhujhunwala will be remembered for giving India its new airline Akasa Air: Jyotiraditya Scindia

Rakesh Jhunjhunwala will be remembered for giving India its new airline Akasa Air after more than a decade, Aviation Minister Jyotiraditya Scindia said on Sunday while expressing condolences on the ace investor's demise.

14 Aug 2022, 10:49:54 AM IST

Had strong belief in India’s strength and capabilities: FM Nirmala Sitharaman

Shri Rakesh Jhunjhunwala is no more. Investor, bold risk taker, masterly understanding of the stock market, clear in communication- a leader in his own right. Fondly remember several conversations we’ve had. Had strong belief in India’s strength and capabilities. Condolences

14 Aug 2022, 10:36:29 AM IST

My condolences to the bereaved family. Om Shanti! : Assam CM Himanta Biswa Sarma

Deeply saddened by the sudden demise of prominent investor & industrialist Rakesh Jhunjhunwala ji. He has left a legacy in the arena of stock broking & will remain an inspiration for generations of young investors & entrepreneurs.

My condolences to the bereaved family.

Om Shanti!

14 Aug 2022, 10:19:24 AM IST

India will miss him but we will never forget him: Gautam Adani

Extremely saddened by the untimely passing away of the most legendary investor that India has had. Shri Jhunjhunwala inspired an entire generation to believe in our equity markets with his brilliant views. We will miss him. India will miss him but we will never forget him,tweets Gautam Adani

14 Aug 2022, 10:18:11 AM IST

Anguished to learn about the passing away of Rakesh Jhunjhunwala: Amit Shah

Anguished to learn about the passing away of Rakesh Jhunjhunwala Ji. His vast experience and understanding of the stock market have inspired countless investors. He will always be remembered for his bullish outlook. My deepest condolences to his family. Om Shanti Shanti, tweets Union Home Minister  Amit Shah

14 Aug 2022, 09:59:44 AM IST

End of an Era as the Big Bull of the Dalal Street: Virender Sehwag

End of an Era as the Big Bull of the Dalal Street , #RakeshJhunjhunwala passes away. Condolences to his family and loved ones. Om Shanti, tweets former cricketer Virender Sehwag

14 Aug 2022, 09:53:36 AM IST

PM Modi condoles death of 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. His passing away is saddening. My condolences to his family and admirers. Om Shanti:  PM Narendra Modi on demise Rakesh Jhunjhunwala

PM Modi with Rakesh Jhunjhunwala(File photo)
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PM Modi with Rakesh Jhunjhunwala(File photo)

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