Page 5 - Latest Updates on Rakesh Jhunjhunwala
Akasa Air gets Air Operator Certificate; to start services this month
According to the airline, it will commence commercial operations later this month with two aircraft and subsequently add planes to its fleet every month
 "Akasa Air gets Air Operator Certificate; to start services this month")
Rakesh Jhunjhunwala-backed Akasa Air unveils first look of its crew uniform
Akasa Air on Monday unveiled the first look of its crew uniform as the startup carrier prepares for take-off in the coming weeks.
 "Rakesh Jhunjhunwala-backed Akasa Air unveils first look of its crew uniform")
Delta Corp cracks 9%, stock nears 52-week low amid taxation uncertainty
The GST Council has decided to refer the report of the Group of Ministers on casinos, online gaming and horse racing back to the panel of ministers for further deliberation.
 "Delta Corp cracks 9%, stock nears 52-week low amid taxation uncertainty")
This Rakesh Jhunjhunwala-owned stock slipped 31% in 12 trading days
Star Health quoted lower for 12th straight trading day and has slipped 31 per cent to Rs 488.5 from Rs 703.35 that it had touched on June 14, 2022
 "This Rakesh Jhunjhunwala-owned stock slipped 31% in 12 trading days")
Akasa plans test flight next week; expects commercial start by late-July
Akasa, backed by billionaire Rakesh Jhunjhunwala, will likely receive its air operator's certificate within days of the proving flight
 "Akasa plans test flight next week; expects commercial start by late-July")
This Rakesh Jhunjhunwala stock turns ex-date for 1:1 bonus issue; soars 19%
However, in the past six months, the stock has tanked 46 per cent as against an 8 per cent fall in the S&P BSE Sensex.
 "This Rakesh Jhunjhunwala stock turns ex-date for 1:1 bonus issue; soars 19%")
Delta Corp tanks 10% as Rakesh Jhunjhunwala sells additional 5.7 mn shares
Post transactions, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala's holding in Delta Corp has declined to 1.2 per cent or 3.25 million shares from 3.36 per cent as on June 14, 2022.
 "Delta Corp tanks 10% as Rakesh Jhunjhunwala sells additional 5.7 mn shares")
Delta Corp rises 12% after gaming arm files DRHP, stock underperfoming
DGL's IPO will comprise a fresh issue of equity shares of face value of Rs 1 each, for an amount aggregating up to Rs 300 crore and an offer for sale for up to Rs 250 cr
 "Delta Corp rises 12% after gaming arm files DRHP, stock underperfoming")
Jhunjhunwalas lost nearly Rs 3,500 cr in this Tata Group stock in 3 months
Titan Company has slipped 7 per cent to Rs 1,925 in intra-day trade on Friday and has shed 29 per cent in the past three months.
 "Jhunjhunwalas lost nearly Rs 3,500 cr in this Tata Group stock in 3 months")
Akasa Air concludes sale and lease back of 5 Boeing 737 Max planes
Akasa Air ordered 72 Boeing 737 Max aircraft last November
Titan, Lupin, Indian Hotels: How to trade Rakesh Jhunjhunwala-owned stocks
Titan and Lupin seem poised for solid gains among Rakesh Jhunjhunwala's portfolio, while shares of Lupin, Star Health and Jubilant Pharmova can be avoided for now.
 "Titan, Lupin, Indian Hotels: How to trade Rakesh Jhunjhunwala-owned stocks")
On track to receive first 737 Max plane by mid-June, says Akasa Air
Ace investor Rakesh Jhunjhunwala-backed Akasa Air, in a release, also said that it is on track to launch its commercial operations by July
Akasa Air launch may be delayed further as it awaits aircraft delivery
'Their (Akasa Air) aircraft delivery is delayed and it is expected to come around June /July. As far as other procedures are concerned, they all are on track,' says a DGCA official
 "Akasa Air launch may be delayed further as it awaits aircraft delivery")
Akasa Air ties up with Navitaire for digital retailing, reservations system
Akasa Air, backed by ace investor Rakesh Jhunjhunwala, and aviation veterans Vinay Dube and Aditya Ghosh, is expected to begin its commercial operations in July
 "Akasa Air ties up with Navitaire for digital retailing, reservations system")
Akasa Air to launch flight operations in July instead of June
The commercial flight operations of Rakesh Jhunjhunwala-backed Akasa Air will be launched in July instead of June.
 "Akasa Air to launch flight operations in July instead of June")
Rakesh Jhunjhunwala divests Escorts stake; stock declines nearly 4%
The ace investor held 5.68% in the company at the end of February. Escort's latest shareholding pattern doesn't have his name in the public investors' list
 "Rakesh Jhunjhunwala divests Escorts stake; stock declines nearly 4%")
This Rakesh Jhunjhunwala-owned stock has zoomed 19% on heavy volume
Till 02:09 pm; a combined 37.98 million equity shares representing 4 per cent of the total equity of Edelweiss Financial changed hands on the NSE and BSE.
 "This Rakesh Jhunjhunwala-owned stock has zoomed 19% on heavy volume")
Akasa Air to launch operations from June, expects fleet size at 72 in 5 yrs
He further said the airline plans to have 18 aircraft on ground as part of its fleet within 12 subsequent months of launching and then add 12 to 14 every year making it 72 in five years
 "Akasa Air to launch operations from June, expects fleet size at 72 in 5 yrs")
Jhunjhunwala-backed Akasa Air plans first commercial flight in June
The airline aims to have 18 aircraft within 12 months from launch and will have 72 planes in five years, says CEO Vinay Dube
Rakesh Jhunjhunwala-owned Titan hits record high; zooms 30% in six months
Titan hit a record high of Rs 2,718.65, rallied 5 per cent on the BSE in Thursday's intra-day trade, surpassing its previous high of Rs 2,687.30 touched on January 7, 2022.
 "Rakesh Jhunjhunwala-owned Titan hits record high; zooms 30% in six months")