 "Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala")
Veteran investor Rakesh Jhunjhunwala, famously known as 'India's Warren Buffet', passed away on Sunday. Jhunjhunwala was the chairman of Vogue India, Geojit Financial Services, Viceroy Hotels, Concord Boitech and Hungama Media. He was also the founder of the newly launched Akasa Air. In fact, he was last seen in public at the launch of the airlines. As the news broke, people took to Twitter to mourn his death.
Prime Minister Narendra Modi tweeted, "Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s
