'India's Warren Buffet' - the colourful stock market billionaire Rakesh Jhunjhunwala - dies days after airline launch

Calling the 62-year-old"indomitable", Prime Minister Narendra Modi echoed tributes from other senior officials, tweeting that the death of the tycoon was"saddening."

Jhunjhunwala had invested US$35 million for an estimated 40 percent stake in Akasa Air which made its maiden flight in the Asian country's crowded aviation market last Sunday. "A lot of people question why I've started an airline. Rather than answer them, I say I'm prepared for failure," he told an industry event in February.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Soft landing hopes for US economy brighten outlook on stocksNEW YORK, Aug 13 — Optimism is seeping back into the US stock market, as some investors grow more convinced that the economy may avoid a severe downturn even as it copes with...
Fuente: malaymail - 🏆 1. / 86 Leer más »

Japan’s yen bears brunt of market rethink on FedSINGAPORE, Aug 13 — The Japanese yen fell the most against a recovering US dollar yesterday, as a two-day rally in equities conceded to market expectations that the Fed would...
Fuente: malaymail - 🏆 1. / 86 Leer más »