LIVE UPDATES: Rakesh Jhunjhunwala's last rites held in Mumbai's Banganga Crematorium
(By Ravi Kant Kumar)
The last rites of Rakesh Jhunjhunwala, the ace stock market investor and a promoter of the recently-launched Akasa Air, were performed at the Banganga Crematorium here Sunday night.
Jhunjhunwala, who was not keeping well for some time, died here Sunday morning due to a cardiac arrest at the age of 62. Son of an income tax officer, he is survived by his wife and three children. HERE ARE ALL THE LIVE UPDATES:-
(By Ravi Kant Kumar)
The last rites of Rakesh Jhunjhunwala, the ace stock market investor and a promoter of the recently-launched Akasa Air, were performed at the Banganga Crematorium here Sunday night.
Jhunjhunwala, who was not keeping well for some time, died here Sunday morning due to a cardiac arrest at the age of 62. Son of an income tax officer, he is survived by his wife and three children. HERE ARE ALL THE LIVE UPDATES:-
Latest Updates
Rakesh Jhunjhunwala last rites timing:
Rakesh Jhunjhunwala cremation time dealyed
Rakesh Jhunjhunwala last rites to be performed at 10.30 pm. The cremation of the Big Bull was delayed as some close relatives and family members were yet to reach the venue
This is big loss for the Indian Equity Market because he was a legendary who had strong conviction on India and his conviction is likely to play out big way in next 25 years where India can lead in world's economy growth.- Santosh Meena, Head of Research, Swastika Investmart Ltd
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 our board for 12 years and continued as our shareholder. It is indeed sad that fate took him away so early. Indian industry and the stock markets will miss his dynamic leadership. It is a huge loss for India and Rakesh Jhunjhunwala will be greatly missed for me too, it is a void that cannot be filled. CJ George, MD & CEO of Geojit Financial Services
Rakesh Jhunjhunwala will always be remembered for his acute understanding of stock market- Ratan Tata on the Big Bull's death
My condolences pic.twitter.com/5C2FcH8TJQ
— Ratan N. Tata (@RNTata2000) August 14, 2022
Anand Mahindra on Rakesh Jhunjhunwala
My strongest memory will always be his unshakeable patriotism, his unwavering belief in India.
Yes he was an ace investor; yes he made millions; yes he was always optimistic. But my strongest memory will always be his unshakeable patriotism, his unwavering belief in India. I wish he had made it to the 75th anniversary of our Independence. Om Shanti #Rakeshjhunjhunwala https://t.co/P9QZxXH97S
— anand mahindra (@anandmahindra) August 14, 2022
Rakesh Jhunjhunwala cause of death: Breach Candy Hospital statement
"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, told ANI
Rakesh Jhunjhunwala believed in India's growth story
India has not only lost a great stockbroker, but it has also lost a man who believed in India & who recognized the potential of Indian companies, said Suhel Seth, friend of Akasa Air founder Rakesh Jhunjhunwala.
India has not only lost a great stockbroker, but it has also lost a man who believed in India & who recognized the potential of Indian companies.He was a great human being& a great philanthropist & supported many causes: Suhel Seth, friend of Akasa Air founder Rakesh Jhunjhunwala pic.twitter.com/OkEEenOzF0
— ANI (@ANI) August 14, 2022
N Chandrasekaran on Rakesh Jhunjhunwala's demise
“Rakesh Jhunjhunwala believed in India and the sheer potential of the country. This conviction led him to consistently make bold decisions throughout his life and career. He had tremendous regard for the Tata Group. Mr. Jhunjhunwala’s passing is an irreparable loss and we extend our deep condolences to his family and friends.”-N Chandrasekaran, Chairman ,Tata Sons
Rakesh Jhunjhunwala cremation, last rites update
Rakesh Jhunjhunwala will be cremated at Banganga Crematorium, one of the newly built cremation grounds in Mumbai
Rakesh Jhunjhunwala and 2008 global recession
After the 2008 global recession, his stock prices fell by 30 per cent, but he eventually recovered from the loss by 2012. By the year 2020, Jhunjhunwala planned to give away 25 per cent of his wealth to charity, as per PTI. He contributed to St Jude, which runs shelters for cancer-affected children, Agastya International Foundation and Arpan, an entity that helps create awareness among children on sexual exploitation.
Rakesh Jhunjhunwala top five stocks by value
Titan, Star Health and allied Insurance Company, Metro Brands, Tata Motors and Crisil as on June 30, 2022
Rakesh Jhunjhunwala: Idol of common investors- Mumbaikars
Mumbaikars expressed shock over the passing away of ace investor Rakesh Jhunjhunwala, often referred to as India's Warren Buffet, with some describing him as an idol for the common investor. Rakesh Jhunjhunwala was an idol of common investors. He started his journey from Rs 5,000 and went on to become a multi-billionaire,said Mandar Karve. Earlier, the investors assumed that the stock market was akin to betting, but he proved them wrong by investing on the basis of thorough study of the market after watching news channels and newspapers, said Karve, a small-time investor. Jhunjhunwala was an excellent example for the common man, who invests some of his hard-earned money in the share market, he said. Ravindra Bhange, a photographer, said he watched Jhunjhunwala's tips while investing in particular shares. I was eager to know if he had invested in those shares, Bhange said. Jhunjhunwala actually taught small investors where to invest their money and how to keep it growing, said Bhange. His choice of picking up shares helped me to increase my investment, he added.- PTI
Assam CM HB Sarma on Rakesh Jhunjhunwala death
Deeply saddened by sudden demise of prominent investor & industrialist Rakesh Jhunjhunwala ji. My condolences to the bereaved family,":Assam CM HB Sarma
"Deeply saddened by sudden demise of prominent investor & industrialist Rakesh Jhunjhunwala ji. He has left a legacy in arena of stock broking & will remain an inspiration for generations of young investors& entrepreneurs. My condolences to the bereaved family,":Assam CM HB Sarma pic.twitter.com/AppgSLMVxH
— ANI (@ANI) August 14, 2022
Prakash Javadekar on Rakesh Jhunjhunwala
His Deep knowledge and Insights about the stock & financial markets inspired & guided millions of investors.
Saddened by the sudden demise of Ace Indian Investor Rakesh Jhunjhunwala.
His Deep knowledge and Insights about the stock & financial markets inspired & guided millions of investors.
My condolences to his family and friends. Om Shanti!#RakeshJhunjhunwala #BigBull@ANI pic.twitter.com/v21jGaQu27
— Prakash Javadekar (@PrakashJavdekar) August 14, 2022
Saddened by the sudden demise of Ace Indian Investor Rakesh Jhunjhunwala.
His Deep knowledge and Insights about the stock & financial markets inspired & guided millions of investors.
My condolences to his family and friends. Om Shanti!#RakeshJhunjhunwala #BigBull@ANI pic.twitter.com/v21jGaQu27
— Prakash Javadekar (@PrakashJavdekar) August 14, 2022
FM Nirmala Sitharaman on Rakesh Jhunjhunwala:
Investor, bold risk taker, masterly understanding of the stock market, clear in communication- a leader in his own right, Shri Rakesh Jhunjhunwala is no more.
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
— Nirmala Sitharaman (@nsitharaman) August 14, 2022