Rakesh Jhunjhunwala to get posthumous Padma Shri

Mon, 11 Dec 2023

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 Houston Mirror.

More Information

59 ℉

Fair in Houston/Hobby

Business

Section

Hollywood strike ends after actors' union ratifies three-year contract

LOS ANGELES, California: This week, members of the SAG-AFTRA actors union approved a three-year contract with major studios, formally ending ...

$6.1 billion for Las Vegas, California high-speed rail projects

LAS VEGAS, Nevada: The U.S. Transportation Department has allocated US$3 billion for a $12 billion Las Vegas to Southern California ...

US gas prices at 11-month low

WASHINGTON D.C.: U.S. gasoline prices could fall below US$3 a gallon for the first time since 2021 and are currently ...

Bank failures compel US regulators to increase scrutiny of lenders

WASHINGTON D.C.: To fix issues that could lead to further bank failures in the U.S., such as the collapse of ...

Boeing delivers 46 narrowbody 737s in November

ARLINGTON, Virginia: This week, Reuters reported that Boeing delivered 46 narrowbody 737s jets in November. The total brings the U.S. ...

U.S. stock markets and dollar jump on employment report

NEW YORK, New York - A positive employment report from the U.S. Bureau of Labor Statistics indicating a fall in ...

International

Section

U.S. steps up delivery of bombs to Israel after defeating UN resolution

WASHINGTON, DC - Within hours of blocking a UN Security Council resolution from demanding a ceasefire in the current Mideast ...

Biden popularity near lowest level of presidency: Reuters/Ipsos poll

WASHINGTON D.C.: In a sign of the challenges ahead for his 2024 re-election bid, a new Reuters/Ipsos poll showed that ...

Israeli ambassador extends thanks to U.S. president after UN vote

Israel has acknowledged and thanked the United States and President Joe Biden for standing firmly by Israel's side at the ...

E-bike's battery catches fire in New York, killing 1, injuring 6

NEW YORK: This week, New York City officials said that one person was killed and six others were injured when ...

United Kingdom passes on crucial vote to end war in Gaza

NEW YORK, New York - The United Kingdom refrained from supporting demands for a ceasefire in the two-months long Israel-Gaza ...

United States strikes down international demand for ceasefire

NEW YORK, New York - The U.S. was alone on Friday in a 13-1 vote for a ceasefire in the ...

Movie Review

Chicago