Rakesh Jhunjhunwala to get posthumous Padma Shri

ANI
26 Jan 2023, 04:56 GMT+10

New Delhi [India], January 25 (ANI): Ace investor and billionaire Rakesh Jhunjhunwala, who passed away at 62 last year, has been conferred the Padma Shri posthumously.

Jhunjhunwala, often referred to as India's own Warren Buffet passed away on August 14, 2022.

Jhunjhunwala was born on July 5, 1960. He grew up in Mumbai.

After graduating from Sydenham College in 1985, he enrolled at the Institute of Chartered Accountants of India and married Rekha Jhunjunwala, who is also a stock market investor.

Jhunjhunwala ran a privately-owned stock trading firm called RARE Enterprises. He was also the owner of India's newest airline Akasa Air which took off in Indian skies earlier this month.

He was always bullish about India's stock markets and whatever stocks he purchased mostly turned into a multibagger.

In the trade and industry category, Areez Khambatta (posthumous) will also be awarded Padma Shri. He was the founder of the popular soft drink brand Rasna.

Further, the chairman of Aditya Birla Group Kumar Mangalam Birla will be conferred with Padma Bhushan.

These Awards are usually conferred by the President of India at ceremonial functions which are held at Rashtrapati Bhawan usually around March or April every year. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to India Gazette.

More Information

8 ℃

Fog in New Delhi/Gandhi

Business

Section

Technology stocks in demand as U.S. markets move modestly higher

NEW YORK, New York - U.S. stocks hesitatingly continued higher Friday, reflecting widespread gains, albeit modest ones, across the globe."We're ...

Artificial meat given first approval by US officials

NEW YORK CITY, New York: As early as this year, lab-grown meat could be served in some restaurants in the ...

As travel opens up, Thailand prepares for 5 million Chinese tourists

BANGKOK, Thailand: Following China's reopening and the end of its strict COVID-19 restrictions, businesses on Thailand's holiday island of Phuket ...

Recession fears fade as investors weigh into U.S. stocks

NEW YORK, New York - Recession fears faded on Wall Street Thursday as annualized 4th quarter GDP (gross domestic product) ...

Officials cautious as lower mortgage rates increases home buying

WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...

South Korean exports fall 2.7% in first 20 days in January

SEOUL, South Korea: Korea Customs Service data released this week showed that South Korean exports for the first 20 days ...

Delhi

Section