Shiv Sena chief Bal Thackeray died in Mumbai afterprolonged illness at 86 at Matoshree in suburban Bandra around 3.30 pm on Saturday.
Reports stated that Thackeray had been suffering from lung and pancreatic ailments and had been under the supervision of doctors for two weeks.
There are reports that the funeral procession of the Shiv Sena founder would begin at 10 am on Sunday and Thackeray is likely to be cremated at 4 pm at Shivaji Park crematorium.Security was tightened at Matoshree from Wednesday night, with the police putting up barricades to restrict movement around the area.
Balasaheb Keshav Thackeray (23 January 1926- 17 November 2012) was an Indian politician, founder and chief of the Shiv Sena, a right-wing Hindu nationalist, and Marathi ethnocentric party active mainly in the western Indian state of Maharashtra.
Thackeray began his professional career as a cartoonist with the English language daily the The Free Press Journal in Mumbai, but left it in 1960 to form his own political weekly Marmik.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.