Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died in Mumbai city at the age of 62, the Press Trust of India news agency reported. “Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world,” Mr Modi tweeted, and also expressed his condolences to Mr Jhunjhunwala’s family. Investor, bold risk taker, masterly understanding of the stock market, clear in communication- a leader in his own right. Mr Jhunjhunwala was seen at the launch in a wheelchair, local media reported. In an interview last week with news channel CNBC-TV18, Mr Jhunjhunwala said despite the unfavourable economic conditions across the world, “the Indian market will grow, but at a slower pace”.

Source: Irish Examiner August 14, 2022 23:10 UTC