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.
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.
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.
Billionaire Rakesh Jhunjhunwala is among investors turning cautious on Indian stocks as a “put- call ratio” this week touched the highest in 18 months amid surging demand for insurance against price declines.
Billionaire Rakesh Jhunjhunwala - backed Delta Corp. plans to open casinos in Sri Lanka in the next six months to tap a surge in tourist arrivals to the island nation after the end of a 26-year civil war.