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)
Get a daily dose of New York Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New York Telegraph.
More InformationWASHINGTON, DC - FBI agents on Wednesday searched for classified documents at U.S. President Joe Biden's vacation retreat in the ...
WASHINGTON D.C.: The White House said this week that Tesla Chief Executive Elon Musk met with John Podesta, a Democratic ...
MANILA, Philippines: In an effort to attract more tourists, President Ferdinand Marcos has approved a value-added tax refund program for ...
TRIPOLI, Libya: Italian prime minister Giorgia Meloni held talks on energy and migration in Libya this weekend, which are major ...
MIAMI, Florida: This decade, the US south is expected to see more new residents than any other region in the ...
NEW YORK CITY, New York: After reporting record revenues in the fourth-quarter of 2022, US airlines expect strong travel demand ...
WASHINGTON, DC - FBI agents on Wednesday searched for classified documents at U.S. President Joe Biden's vacation retreat in the ...
NEW YORK, New York: Three men--- Rafat Amirov, Polad Omarov and Khalid Mehdiyev---have been charged by U.S. prosecutors with attempting ...
NEW YORK CITY, New York: After being convicted of stealing more than $900,000 from the company, Rosita Joseph, former executive ...
New York [US], February 2 (ANI): United Nations Development Programme's Administrator, Achim Steiner highlighted India's G20 presidency and welcomed priorities ...
Former Carolina head coach Matt Rhule filed an arbitration lawsuit against the Panthers over $5 million in offset compensation he ...
The Miami Heat look to continue their recent good fortune and add to the Knicks' woes Thursday when the Eastern ...