Rakesh Jhunjhunwala

Indian billionaire business magnate, stock trader and investor Rakesh Jhunjhunwala (62) passed away on August 14 due to a kidney ailment.  Jhunjhunwala, India's 36th Richest man with assets worth $5.5 billion, was active in stock market, and was the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. He also sat on boards in Prime Focus Limited, Geojit Financial Services, and others. Business fraternity is mourning… read-more

India’s new budget-friendly airline Akasa Air, backed by Rakesh Jhunjhunwala, plans to launch its first commercial flight in June 2022. In addition, the Ministry of Civil Aviation (MoCA) and the Directorate General of Civil Aviation (DGCA) are working in collaboration to get the required clearances for kicking off the air operations. Notably, the announcement was made by CEO Vinay Dube at a session of Wings India 2022… read-more

Rakesh Jhunjhunwala-backed new airline Akasa has reportedly started the discussion with the European plane manufacturer Airbus and America's Boeing to procure aircraft to begin its operation by the summer of 2022. Furthermore, the airline has planned to develop a fleet of 70 planes in the next four years. Akasa is expected to build its fleet either with Boeing's B737 Max or Airbus' A320 aircraft. 

Indian investor Rakesh Jhunjhunwala financed Nazara Technologies Ltd - one of India's biggest interactive gaming and sports media companies - became the first Indian gaming technology company to enter the stock market. Though the firm got SEBI’s approval to file Initial Public Offer in 2018, it had filed IPO documents on January 15. Reportedly, Nazara will float 55,43,052 shares equity shares in the market that will be managed by ICICI… read-more