Billionaire investor Rakesh Jhunjhunwala , who was named India’s Warren Buffett by Forbes magazine, followed the example of the Oracle of Omaha by auctioning a charity lunch for 1.4 Million rupees ($31,517).
Kajaria Ceramics Ltd. , an Indian ceramic tile maker backed by billionaire investor Rakesh Jhunjhunwala , may spend as much as 1.5 billion rupees ($33.8 million) on a new unit in the nation’s south to meet demand.
Praj Industries Ltd., a water- treatment company backed by investors Vinod Khosla and Rakesh Jhunjhunwala, will seek to add pharmaceutical and food- processing clients as it begins to expand in emerging markets beyond India, Chief Executive Gajanan Nabar said.
Praj Industries Ltd., backed by billionaires Vinod Khosla and Rakesh Jhunjhunwala, plans to sell more water purification and waste-treatment plants to pharmaceutical companies and textile makers in India.
Aptech Ltd., an Indian IT training company backed by billionaire Rakesh Jhunjhunwala, will start teaching English to students in Africa and Latin America as it seeks to stem five successive quarters of falling sales.
Praj Industries Ltd., an engineering company backed by billionaire Rakesh Jhunjhunwala, expects to begin construction on a $30 million biofuel demonstration plant in India before building one in the U.S.