The company has posted a standalone net profit of Rs102 crore for the quarter ended March 2023 against a net loss of Rs 82 crore for the year-ago period.
Stock investor Rakesh Jhunjhunwala, dubbed “India’s Warren Buffett” with an estimated net worth of US$6 billion, died early yesterday at age 62, his family said.
A chartered accountant by profession from the western state of Rajasthan, Jhunjhunwala started dabbling in stocks while in college and went on to manage a stock trading firm, RARE Enterprises Pvt Ltd.
“Rakesh-ji passed away surrounded by his family and close aides,” a family member told Reuters, using a term for respect.
The cause of death was not immediately announced.
The promoter of India’s newest airline, ultra low-cost Akasa Air, Jhunjhunwala appeared days ago at its public launch. He
Rakesh Jhunjhunwala passes away: Born on July 5, 1960 in a Rajasthani family, Jhunjhunwala grew up in Bombay, where his father worked as a Commissioner of Income Tax. He is survived by his wife and three children.
Rakesh Jhunjhunwala Was Indomitable, Leaves Behind Indelible Contribution To Financial World: PM Modi On Demise Of India s Ace Investor swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.