Rak News

India's richest woman is the only woman in India's top 10 richest persons. The second on the list is actually the newest entrant to list of female billionaires in India. One of the top 10 Indian women billionaires is on the list of the top 10 globally, among self made billionaire women. Watch this video to know more about the women who have the most money in the country - from well-known names and faces to others who haven't really been in the spotlight much.

A massive tractor rally, burning effigy of the World Trade Organisation and observation of black Friday to condole the Death of Shubhkaran Singh, who died during the farmers' protest on the Khanuri border, in Sangrur district of Punjab, The farmers’ protest which started on 13 February is gaining momentum.

Cash gifts received are not taxable though there is a limit beyond which one cannot gift others. However, stocks and shares gifted to “relatives” including the sister are not taxable in the hands of both the giver and the receiver.

Akasa Air, India's youngest airline, celebrates its first year of operations with plans to launch international flights. The airline, co-founded by industry veterans Vinay Dube and Aditya Ghosh, has 20 aircraft in its fleet and aims to tap into the international market after meeting the regulatory requirement of either five years of operations or a fleet of 20 aircraft. With a team of aviation experts from top airlines and consistent capacity growth, Akasa has become the fifth largest airline in India, holding 4.9% market share. The airline plans to serve high-yield international routes, including destinations in Singapore, the Middle East, and the Gulf region. Despite challenges, including the passing of co-founder Rakesh Jhunjhunwala, Akasa aims to carve a niche in India's budget carriers segment.

Aviation sector traders on Wednesday morning were spooked. The news of Indigo’s co-founder selling a significant stake in the company sent the stock tumbling down in early trade. As per reports, IndiGo co-founder Rakesh Gangwal and his family will sell around 4% stake in inter globe aviation Ltd. But why is Gangwal reducing his stake in the biggest airline in the country and a company he co-founded? Watch the full video to find out.

The late Rakesh Jhunjhunwala's investment style emphasized patience, the ability to spot long-term opportunities, learning from mistakes, avoiding market predictions, and understanding valuations. His wife, Rekha Jhunjhunwala, inherited the portfolio after his death.

Rekha Jhunjhunwala portfolio: Metro Brands share has hit life-time high for second straight session on Thursday

Rakesh Jhunjhunwala invested in several companies across sectors under his name and his wife's name Rekha Jhunjhunwala. He also invested through his privately-owned investment advisory and asset management firm Rare Enterprises. After his death, Rekha Jhunjhunwala inherited the portfolio.