THE SUDDEN DEPARTURE OF Mr. RAKESH JHUNJHUNWALA WOULD BE A SHOCK TO THE STOCK MARKETS : WOULD BE ALSO A JOLT TO THE AIRELINE INDUSTRY OF INDIA

 

THE SUDDEN DEPARTURE OF Mr. RAKESH JHUNJHUNWALA WOULD BE A SHOCK TO THE STOCK MARKETS : WOULD BE ALSO A JOLT TO THE AIRELINE INDUSTRY OF INDIA WITH HIS "AKASHA AIR " JUST HAVING STARTED

We in India, at the 75-Years of Independence, having a 1.30 Billion Population to move, also need a Strong and well competing Airline Industry. One after another, starting from King Fisher Airlines, then to Jet Airways and recently the Govt Exiting the Airline Industry by desperately selling off (practically gifting) Air India to the Tatas, even Spice Jet as reported; having gone through lot of Safety Audits recently, the big operators having disappeared one after another, and at the very beginning of its operation (just started a week back), the sad demise of the main owner and promoter of "Akasha Air", while 72-Boeing 737 Max planes of it have been ordered, it is definitely a Jolt to the Airline Industry. Of course not happy to hear this news right at the eve of the 75-years Celebrations of Independence of India.
The Heavy Weight and Light Weight Equity Market/Trading Operators both go through lot of stress in striving for the always cherished profit, it is known. They need to take care of their fitness and health out of the stress, while running behind the profit from capital markets all the times. I am aware how stressful it could be even for the small operators in the equity/trading markets. No insurance could come to rescue in such cases even if it could be afforded in all ways, at the most it can compensate some expenditure. But making efforts at the same time for reducing stress while running behind profits is good for everyone's benefit.
In any case the loss of Mr. Rakesh Jhunjhunwala, at the age of only 62, just on the eve of 75years of Independence of India, reported to be having assets of Rs. 40,000 Crores ( USD 5.8 billion ) a part of which is invested in the infant "Akasha Air" is definitely a Jolt to India's Airline Industry and a large loss for India. May be his effort being in life, to invest in the Airline Industry would have caused some distribution of his wealth for the cause of India.
News Link for the Sudden Demise of the Billionaire and Ace Investor of Indian Stock Markets on 14-August-2022, Sunday is given here below :
https://www.mid-day.com/mumbai/mumbai-news/article/rakesh-jhunjhunwala-had-a-sudden-cardiac-arrest-says-treating-doctor-23241075?fbclid=IwAR0iiNv_6hYWisR2FRnIcaM-gDTmySw3I0sqLUdbQMhSU4KpmbW0INxn8Mw

About the Author : Dr. Nimain Charan  Biswal is a B.Sc.(Agri. Science and Technology), M.B.A. and Ph.D.(Management Area ) by qualifications; and he has 36+ years of work experience in both  industrial and development sectors in diversified fields of social importance. He has been educated at Orissa University of Agriculture and Technology (OUAT)-Bhubaneswar, Institute of Rural Management Anand (IRMA) and Gujarat University (with Resource Support of IIM-Ahmedabad). He is further educated at IIM-Calcutta, XLRI-Jamshedpur, Apple Computer Industries and Spar Inc., USA. He has worked for reputed National and International Organizations in Senior/Top Management Capacities at Board level as well as Managing Director and CEO. He is a management expert covering extensive areas from management in industrial sectors, management in agriculture and dairy, development management to management of public systems. He is a prominent professional of India and known Internationally as well. He lives at Mumbai in India.


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