ANI
23 Mar 2023, 01:03 GMT+10
New Delhi [India], March 22 (ANI): Late billionaire investor Rakesh Jhunjhunwala's wife, Rekha, on Wednesday received the Padma Shri from President Droupadi Murmu during an investiture ceremony at the Rashtrapati Bhavan.
Jhunjhunwala, the founder of Akasa Air often referred to as India's own Warren Buffet, passed away on August 14, last year.
He was born on July 5, 1960 and grew up in Mumbai.
After graduating from Sydenham College in 1985, he enrolled at the Institute of Chartered Accountants of India and married Rekha Jhunjunwala, also a stock market investor.
Jhunjhunwala ran a privately-owned stock trading firm called RARE Enterprises. He was also the owner of India's newest airline Akasa Air which took off in Indian skies, the same month he passed away.
He was always bullish about India's stock markets and whatever stocks he purchased mostly turned into a multibagger.
In the trade and industry category in which the late billionaire investor received the third-highest civilian award, Areez Khambatta (posthumous) was also awarded Padma Shri. He was the founder of the popular soft drink brand Rasna.
The chairman of Aditya Birla Group, Kumar Mangalam Birla, was conferred with the country's second-highest civilian honour, Padma Bhushan.
"The spirit of nation-building and trusteeship has guided my family across generations. And so, to receive this national honour is indeed humbling. I thank the Honourable President of India, Smt Droupadi Murmu and the Honourable Prime Minister of India, Shri Narendra Modi, for this prestigious honour which I accept on behalf of my 140,000 colleagues from 36 countries. This award is a recognition of the longitudinal impact of the Aditya Birla Group-- in enriching lives and in demonstrating through actions that business is a force for good," the chairman of Aditya Birla Group said on being conferred the Padma Bhushan.
"President Droupadi Murmu presents Padma Bhushan to Shri Kumar Mangalam Birla for TradeIndustry. He is the Chairman of the Aditya Birla Group. The Group has over a century-old legacy. One of the first Indian groups to venture abroad, it has acquired widespread global presence," official Twitter account of Rashtrapati Bhavan posted.
Padma awards are usually conferred by the President of India at ceremonial functions which are held at Rashtrapati Bhawan usually around March or April every year.
This year, the central government announced a total of 106 Padma Awards across categories. The categories included art, social work, public affairs, science and engineering, trade and industry, medicine, literature and education, sports, and civil service.
'Padma Vibhushan' is awarded for exceptional and distinguished service; 'Padma Bhushan' for distinguished service of high order and 'Padma Shri' for distinguished service in any field. The awards are announced on the eve of Republic Day every year. (ANI)
Get a daily dose of Sports Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sports Sun.
More InformationLOUISVILLE, Kentucky: Two horses that succumbed to their injuries at Churchill Downs have become the 11th and 12th fatalities over ...
LAS VEGAS, Nevada: A bill was introduced in the Nevada Legislature to provide the Oakland Athletics up to $380 million ...
The Boston Red Sox like what they've been getting from Chris Sale lately. The left-hander now gets an opportunity to ...
Two years ago, the Arizona Diamondbacks endured one of the worst seasons in franchise history, finishing with 110 losses. The ...
The New York Mets know exactly what the Philadelphia Phillies are going through. They have one more day to worry ...
The Miami Marlins, chasing their fifth win in six games, will oppose the visiting San Diego Padres in the deciding ...
After a nine-month hiatus, Brandt Snedeker has his sights set on returning to the PGA Tour at this week's Memorial ...
The Denver Broncos signed well-traveled Elliott Fry on Wednesday after releasing fellow kicker Brandon McManus last week. Terms were not ...
The agent for Aaron Rodgers requested that the Green Bay Packers either fire their general manager or trade the quarterback ...
The Denver Broncos are signing well-traveled Elliott Fry after releasing fellow kicker Brandon McManus last week, NFL Network and 9News ...
New York Jets coach Robert Saleh on Wednesday provided promising updates on the health of star quarterback Aaron Rodgers and ...
New England Patriots head coach Bill Belichick on Wednesday took responsibility for the team being stripped of two organized team ...