"India's resilience (during the global financial crisis) has been recognised internationally. In my view, India may be beginning to see a multi-decade bull market," Jhunjhunwala said at a seminar organised by the Indian Institute of Foreign Trade in Mumbai.
The ABP Group on Thursday sold Businessworld magazine to Anurag Batra and Vikram Jhunjhunwala for an undisclosed amount.
Yes Bank was the biggest gainer, rising 3.40 per cent, after ace investor Rakesh Jhunjhunwala bought approximately 1.3 crore shares of the company for around Rs 87 crore through open market transactions.
IIM-Indore chairman L N Jhunjhunwala said, "Neither the Centre nor the Union HRD minister Arjun Singh were happy with the IIM-A's step to hike its fees". He said since the country is undergoing election process, the government was unable to take any decision on the issue, Jhunjhunwala told PTI on Monday.
Investing in unlisted shares is not difficult. At any given point, many investors and employees are willing to sell their holdings because they need money. Buyers can negotiate a price with them, suggests Sarbajeet K Sen.
Reader Alok Jhunjhunwala has sent us this photograph of the filmmaker.
His portfolio was worth Rs 12,333 crore at the end of June 2018. It was worth Rs 10,633 crore at the end of the September quarter. Smallcaps account for the largest number of his stock-picks. Such a fall has now happened for the third quarter in a row.
India's surging class of millionaires is stocking up on posh pads, luxury cars, and designer duds.
Manoj Tiwari and Avishek Jhunjhunwala cracked tons as Bengal reached a mammoth 540 for six in their first innings against Mumbai.
The former India captain took three wickets and contributed 43 runs as Bengal were 113 runs ahead of Punjab.
Since the Centre tightened the Press Note 3 norms in April last, as many as 150 private equity/venture capital investment applications from China and Hong Kong are pending with the government, starving the country's start-up ecosystem of funds, says a report. The Press Note 3 (PN3) changes were effected in April, restricting foreign direct investment from countries that share land borders with India. Analysts are of the view that the move was primarily aimed at China as lot of private funds were investing billions into domestic companies.
Traditional textile and art forms are being adapted into modern-day garments, ranging from the super-luxurious to the casual.
In the last five years, 37 bridges have collapsed in Uttarakhand. Another 27 bridges are on the brink of collapse. 'Our politicians don't view these bridge collapses as a setback.' 'Rather they see them as an opportunity to make more money.'
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.
Akshath Reddy and Hanuma Vihari helped Hyderabad close in on Mumbai's first-innings total, but were unfortunate to miss what would have been well-deserved double centuries, in their Ranji Trophy match in Hyderabad on Monday. Opener Reddy scored 196 after spending 576 minutes in the middle, while Vihari scored 191 during his 496-minute knock, as Hyderabad finished the third day on 423 for 3 in reply to Mumbai's 443 at the Rajiv Gandhi stadium.
Madhya Pradesh had the edge over Bengal as they restricted the visitors to 200 for six after being bundled out 342 in their Group A Ranji Trophy match in Indore on Sunday.
A healthy bank balance and an Internet connection is all that you need to fulfil your dreams.
Top Bollywood stars made appearances in top industrialist's son's wedding last weekend.
Naman Ojha was unfortunate to have missed a century by only a run as Madhya Pradesh recovered from a poor start to post 322 for five in their Ranji Trophy match against Bengal in Indore on Saturday.
The bank may post a loss of Rs 1,000 crore during October-December 2019-20 quarter, an analyst commented.
Ramji Raghavan is using this principle to help village children from government schools enjoy science and maths. Indulekha Aravind reports
Other members of the search panel are secretary (personnel) Shantanu Consul, telecom secretary P J Thomas, IIT Chennai professor Ashok Jhunjhunwala, IIM Ahmedabad professor Samir Baruha and IISC Bangalore professor N Balakrishnan.
An interview with Prof. Bhaskar Ramamurthi, the newly appointed director of IIT Madras, who is also alumnus of the same institution.
There is considerable speculation as to whether this award would have any bearing on another Vodafone-type case, namely, the ongoing tax-related arbitration proceedings with Cairn Energy.
The Rs 1,500-crore (Rs 15 billion) ladies handbag market will see some major action this year, with luggage makers V.I.P and Samsonite contemplating entry soon.
Images from the Indian Premier League match between Mumbai Indians and Rajasthan Royals on Saturday.
Ajit Narayan and his IIT-Madras colleagues at Invention Labs have created a device that lends voice to children with cerebral palsy!
The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.
Affordability and broadband will be the two major factors that will help tap the remaining market.
'If an investor wants to clone an ace investor's portfolio, s/he will be better off cloning the entire portfolio rather than cherry picking stocks selectively.'
The US Trade Representative's (USTR) office will also conduct the Section 301 probe against nine others, including Austria, Brazil, Indonesia, Italy, Spain, Turkey, the Czech Republic, the UK, and the EU, for levying or considering digital services taxes "discriminating against US companies".
Former India skipper Sourav Ganguly was penalised on Wednesday for turning up late in Bengal's Ranji Trophy match against Saurashtra at Eden Gardens in Kolkata.
With profit margins of companies being hit, the firms are taking a host of measures including closing down the unprofitable stores. The stores promoted by REI Agro recently closed 30-odd discount stores that were running into losses.
VMIL officials declined to comment on the development. According to sources close to the development, VMIL will sell stake to raise money for expanding Hungama, the content and mobile services arm. The Mumbai-based company has already held two to three rounds of meetings with these private equity investors. The company's valuation has been pegged at Rs 800 crore (Rs 8 billion). The funds raised would be used for Hungama's expansion.
Ghosh, who led the ramping up of German insurer Allianz's Indian insurance ventures, has assumed charge as Reliance Capital CEO from today, the company said. He would report to Reliance Capital Vice Chairman Amitabh Jhunjhunwala. Reliance Capital has also crossed the 14 million customer-mark across all its businesses, according to industry sources.
The sector will start making operating profits by 2020.
With IIT-Madras celebrating its golden jubilee, it is appropriate that the fifth Pan-IIT 2008 is held here from 19-21 December.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
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