RAKESH JHUNJHUNWALA LEGACY
![5 learnings from Rakesh Jhunjhunwala's life on his birthday](https://img.etimg.com/thumb/msid-111510322,width-100,height-75,resizemode-4/markets/stocks/news/happy-birthday-rakesh-jhunjhunwala-5-learnings-from-big-bulls-life.jpg)
5 learnings from Rakesh Jhunjhunwala's life on his birthday
Known for his sharp market insights and larger-than-life personality, Jhunjhunwala's investment philosophies will continue to inspire generations. Here, we explore some of his most impactful mantras:
![The scrap heap of billionaires’ failed airlines is poised for another entry from India](https://img.etimg.com/thumb/msid-106013631,width-100,height-75,resizemode-4/industry/transportation/airlines-/-aviation/the-scrap-heap-of-billionaires-failed-airlines-is-poised-for-another-entry-from-india.jpg)
The scrap heap of billionaires’ failed airlines is poised for another entry from India
Jindal Power Ltd. — Go’s sole potential buyer under its insolvency resolution process — has decided not to bid. Local media reported that Jindal couldn’t assess Go’s value because it is unclear how many planes it will have, after the aviation regulator signaled its aircraft should be returned to lessors.
![How a soaring Akasa Air got into a wrangle with its pilots](https://img.etimg.com/thumb/msid-104013594,width-100,height-75,resizemode-4/industry/transportation/airlines-/-aviation/how-a-soaring-akasa-air-got-into-a-wrangle-with-its-pilots.jpg)
How a soaring Akasa Air got into a wrangle with its pilots
Akasa Air, the airline launched by Rakesh Jhunjhunwala, overtook SpiceJet in terms of domestic market share in June 2023. However, the airline faced trouble when 43 pilots quit without serving the mandatory notice period, leading to flight cancellations and loss of market share. Akasa Air sued the pilots and the aviation regulator, seeking action against the pilots. The courts ruled in favor of Akasa Air, allowing the airline to take legal action against the pilots.
![Bharat Inc's Succession Story: How India's biggest family businesses are planning a generational shift](https://img.etimg.com/thumb/msid-103922138,width-100,height-75,resizemode-4/news/company/corporate-trends/bharatincs-succession-story-how-indias-biggest-family-businesses-are-planning-a-generational-shift.jpg)
Bharat Inc's Succession Story: How India's biggest family businesses are planning a generational shift
Succession planning is still evolving in Indian companies, with some patriarchs opting not to announce a successor due to doubts about the most suitable candidate or a belief in a natural succession process. Various trends are at play, including the appointment of family members to the board, selling businesses, creating family trusts, and dividing businesses among legal heirs.
![Akasa Air, Air India Express spar over poaching of Boeing 737 Max pilots](https://img.etimg.com/thumb/msid-103256852,width-100,height-75,resizemode-4/industry/transportation/airlines-/-aviation/akasa-air-air-india-express-spar-over-poaching-of-pilots.jpg)
Akasa Air, Air India Express spar over poaching of Boeing 737 Max pilots
Mediation efforts by sector regulator Directorate General of Civil Aviation (DGCA) have not helped and both Akasa and Air India Express are preparing to move courts, the executives said. While Akasa Air is represented by Nora Chambers, Air India Express has appointed Indus Law to represent the pilots.
![Ramesh Damani on how to create nest egg for grandchildren, Jhunjhunwala’s legacy and more](https://img.etimg.com/thumb/msid-97999050,width-100,height-75,resizemode-4/markets/expert-view/ramesh-damani-on-how-to-create-nest-egg-for-grandchildren-jhunjhunwalas-legacy-and-more.jpg)
Ramesh Damani on how to create nest egg for grandchildren, Jhunjhunwala’s legacy and more
“ If you are someone who has no time to follow individual stocks, it is very simple, buy an index tracking fund. When the market corrects, buy a fund that tracks the Sensex and Nifty and keep it for 30 years. If the Sensex doubles, you double the money; if the Sensex goes up 5x as it has in the last say 10-15 years, you will make 5x your money. So it is a great thing to do. ”
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Rakesh Jhunjhunwala was asked if Priyanka Chopra was his favorite actor. Check Big Bull's heart warming answer
Rakesh Jhunjhunwala passed away on the August 14, 2022, and he left behind a legacy for people in the stock market to emulate and was quite indifferent to any set of rules as a guide for the stock market.
Akasa Air all set to add one aircraft every two weeks; says it's well-capitalised
Airline sources said that it will continue to induct the already ordered 72 aircraft over the next five years. They also said that they will place a 'significantly larger' order within the next 1.5 years. The airline also inducted its third Boeing 737 MAX on Tuesday.
Rakesh Jhunjhunwala's estate to be managed by pros & family
The bulk of Jhunjhunwala's wealth comes from his investments in listed companies. He entered the stock market with ₹5,000 in mid-1985. The value of his listed holdings was about ₹29,700 crore as of August 12, with Titan being the most valued.
Rakesh Jhunjhunwala was an India bull; always said ‘paisa to yahin banega’: Raamdeo Agrawal
“What stands out is his capability to see bargains because the market is about value and price. Price everybody knows but who knows the deep value. When the whole market was against it, he would say this is where the bet lies. Many times it looked like he was a le phataphat de phataphat (trading) type but he was also very long term. All the wealth has been created by him with long-term successful bets.”
Jhunjhunwala got Titan right when we were selling the stock for clients: Raamdeo Agrawal
The 'Big Bull' started picking Titan in 2003 and then as his conviction went up on the Tata Group jeweller, he started increasing his stake. Out of the 32 stocks in his portfolio worth around Rs 32,000 crore, one-third (Rs 11,000 crore) is held in Titan shares alone.Agrawal said many times it appeared that he was a 'le phataphat, de phataphat' type of trader but his wealth was because of long-term bets.
RIP Big Bull: Rakesh Jhunjhunwala leaves behind unparalleled legacy on D-St
Jhunjhunwala once said 98 per cent of the money that he made in the stock market was by being a bull. When there's doom and gloom, don't forget there's darkness before dawn, he said the other day. His ever-bullish call on Indian stocks earned him titles such as “The Big Bull” or “India’s Warren Buffett” among his admirers. And rightly so
Akasa Air will honour legacy, values, beliefs of Jhunjhunwala: Dube
s condolence messages pour in following the demise of Jhunjhunwala, known as the 'Big Bull' and 'Warren Buffett of India' for his investment acumen, Akasa Air will miss him much in terms of strategic guidance.Though he was not associated with the day-to-day affairs of Akasa Air, the fact that the 62-year-old investor had put in the money had itself given the much-needed tailwind for the airline. It was also the first scheduled domestic carrier to be launched in India in nearly a decade.
Rakesh Jhunjhunwala: A Dalal Street legend whose wisdom will live on
“If you want to generate wealth, the only way is to stay with India's growth story” – these from Jhunjhunwala in his innumerable interviews as well as discussion forums across the country inspired many domestic investors.His teachings are now etched in stone and would be a holy text for investors and the trading community for generations to come.
Want to bet on green energy? These 2 PSUs are still best choices: Rajat Sharma
“One can look at SJVN and NTPC which are focussing a lot more towards hydroelectric and solar energy. Both the companies have extremely good dividend yields of about 7-8%, are very safe, good, government-run companies. If you were to play it as a theme for the next 10 years and make returns in way of dividend, you can definitely add these stocks to your portfolio.”
Market Movers: Why some parts of Dalal Street are going bonkers, if not all
Dewan Housing Finance Corp spiked on Monday after the National Company Law Tribunal accepted Piramal Group’s resolution offer for the company.
How Nazara's lost opportunity in 2018 turned out to be a blessing in disguise
Nazara will come out with its Rs 583 crore IPO on March 17. Ace investor Rakesh Jhunjhunwala, who held 3,294,310 shares, or 11.51 per cent stake, in the company as of September 30, is not selling any share through the IPO.
What drew Rakesh Jhunjhunwala to bet on Nazara at an early stage
The Big Bull is a major shareholder in the company, which is hitting the primary market in its second attempt after letting an earlier permission from markets regulator Sebi to lapse two years ago.
Will Titan Company continue to be a darling of customers after MD Bhaskar Bhat retires this month?
It is no secret that Bhat has played a key role in making the company a titan on and off the bourses.
Modi 2.0: India Inc, D-Street honchos second-guess what’s on the cards
Billionaire Investor Rakesh Jhunjhunwala said mother of all bull market was still ahead of us.
Nifty will rise 500 pts before falling 1000 pts: Rakesh Jhunjhunwala
By 2030 ours will be one of the largest consumer markets, says Jhunjhunwala
London's GMEX to pick-up 5% stake in Metropolitan Stock Exchange
GMEX is backed by Hirander Misra, the former chief operating officer and founder member of Chi-X Global.
The real froth in the market is in new issues, it is a disaster in making: Rakesh Jhunjhunwala
The NBFCs were leading earlier. The midcaps in general had gone to stratospheric valuations. Now, leadership will emerge with time, says Jhunjhunwala.
54% Sensex return during Rajan’s era 3rd best since 1991; will it be better in Patel era?
This was better than the returns that the index had delivered during the tenure of Bimal Jalan, D Subbarao and even C Rangarajan.
Despite initial troubles, we will outperform the world: Rakesh Jhunjhunwala
Some people are going to look for physical assets and there is very limited supply of gold in relation to the availability of liquidity, says Jhunjhunwala.
We are at the start of a bull market, it is going to make us forget 2003: Rakesh Jhunjhunwala
Bull markets have valuation froth as well as commitment forth. Now just by valuation froth, bull markets do not end.
The next governor won't be able to easily set aside Rajan's legacy: Rakesh Jhunjhunwala, Rare Enterprises
Banks will have to continue the process of showing bad debts that was started by Raghuram Rajan
Jhunjhunwala shrugs off Rexit fears, says no reason for fear, Rajan legacy to continue
Ace investor Rakesh Jhunjhunwala on Monday said that there was no reason for panic as the legacy of Rajan is most likely to continue on Mint Street.
Banking, telecom, IT brace for big disruptions in 2016
As we move into calendar 2016, more than the broader market itself, specific sectors facing these technological headwinds and tailwinds are expected to hog limelight.
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