Gitanjali Gems

Fugitive businessman Mehul Choksi and Gitanjali Gems Ltd (GGL) are among the accused in the case.

Gitanjali Gems case | Sebi bans Mehul Choksi, oen more from capital markets for 1 year, slaps Rs 2.5 crore fine

Both of them have been restrained from buying, selling, or otherwise dealing in securities of Gitanjali Gems Ltd (GGL) for a period of two years.

Mehul Choksi’s rise and fall from a celebrity Diamond King to a fugitive wilful defaulter on the run

Choksi once controlled an empire with a claimed annual turnover of $ 2.5 billion, to which he couldn’t hold onto for long; the Gitanjali empire collapsed when Choksi’s role in PNB fraud was made public.

Sebi orders attachment of bank, demat accounts of Mehul Choksi, Gitanjali Gems

Sebi said the decision to attach the accounts was taken after Choksi, Gitanjali Gems and Sheth failed to pay fine imposed on them.

PNB fraud: SEBI imposes Rs 5 crore fine on Mehul Choksi, others

In its order, Sebi said it is imposing a fine totalling Rs 5 crore on Choksi, Gitanjali Gems and Dhanesh Sheth, the executive director of Gitanjali.

Gitanjali Gems, once a top jewellery chain, faces liquidation: Report

Mehul Choksi, the promoter of company, is currently on the run.

Nirav Modi scam: Govt seeks more time to file progress report

A two-member bench of VP Singh and Ravikumar Duraisamy, allowing more time, fixed the matter for further hearing to April 25.

Lessons from 5 ‘hot stocks’ that melted in 2018

Many retail investors lost their entire savings after investing in 'hot stocks'. While such stocks can be very rewarding, investors should remember the benefits of diversification.

A 5-point checklist for investors that could help navigate volatile markets

A cheap stock could remain cheap forever if the value is destroyed. Stocks like Gitanjali Gems never recovered from that cheap zone as the business was completely wiped out post the Nirav Modi crisis

PNB Scam: Mehul Choksi fears mob lynching in India; seeks cancellation of NBWs

Choksi also faces a threat of extortion by jail staff, and danger to his life by jail inmates if he is brought to India and lodged in a prison here, the application said.

Morgan Stanley sells nearly 38 lakh shares of Gitanjali Gems

Shareholding of Morgan Stanley Mauritius Company Ltd and Morgan Stanley (France) has come now down to 2.06 percent from 5.25 percent.

Seized Mehul Choksi firm's jewellery for involvement in laundering: ED to HC

A bench of Justices S Muralidhar and I S Mehta were hearing a plea by Choksi's firm challenging the alleged illegal seizure of documents and articles by the probe agency in a money laundering case in connection with the over Rs 11,000 crore Punjab National Bank (PNB) fraud case.

NPAs in Q4 to rise by Rs 8,000 crore on account of Gitanjali Gems

Banks will have to make provisioning of Rs 8,000 crore for Gitanjali alone as there has been no servicing of the working capital loan during Q4.

Market Update: Broader indices back in green as Nifty PSU bank jumps 3%; Andhra Bank, BoI spike 8%

The Nifty PSU banking index jumped 3.66 percent led by Bank of India which zoomed over 9 percent intraday on the back of recovery of Rs 7,000 crore from other banks. Punjab National Bank was up 4.3 percent while Andhra Bank zoomed over 5 percent.

Market Update: PSU bank index falls 1% dragged by Allahabad Bank, SBI; Vedanta, Airtel top gainers

The top Sensex gainers were Videocon which jumped 5 percent followed by INOX Leisure, Vakrangee and Religare, each adding over 3 percent. IFCI added 2.8 percent in the morning trade.

Market Update: RIL, SBI, ICICI Bank top Nifty gainers; Trent jumps 5%, LIC Housing Lupin hit 52-week low

The market breadth was in favour of the declines with 677 stocks advancing while 1039 declined and 302 remained unchanged. On the other hand, in the BSE, 989 stocks advanced and 1634 declined and 149 remained unchanged.

Gems & jewellery stocks: Separate the men from boys, say experts; bet on Titan

Experts bet big on Titan, citing strong fundamentals along with strong management and element of trust.

Gitanjali Gems falls 5%, hits fresh 52-week low

The agency on Tuesday arrested Vipul Chitalia in the Rs 12,636-crore PNB scam and claimed that he was a "mastermind" who reported directly to diamond trader Mehul Choksi.

Market Update: 170 stocks hit new 52-week low as Nifty PSU bank plunges over 3%; SBI top loser

The market breadth was in favour of the declines with 428 stocks advancing while 1215 declined and 367 remained unchanged. On the other hand, in the BSE, 645 stocks advanced and 1542 declined and 94 remained unchanged.

Market Update: Aurobindo Pharma, BPCL, IOC gain 2% each; Phoenix Mills jumps 4%, Dish TV hits 52-week low

The market breadth was in favour of the advances with 878 stocks advancing while 789 declined and 348 remained unchanged. On the other hand, in the BSE, 1268 stocks advanced and 1260 declined and 160 remained unchanged.

PNB fraud: ED attaches Rs 1,217 cr assets of Mehul Choksi group

The central probe agency issued a provisional order for attachment under the Prevention of Money Laundering Act (PMLA).

PNB scam: Another board member quits Gitanjali citing personal reasons

Already, two top level executives -- compliance officer Pankhuri Warange and Chief Financial Officer (CFO) Chandrakant Karkare -- have resigned.

PNB fraud: ED to seek info from over dozen countries on Nirav Modi, Choksi's assets

The countries where the LRs would be sent include Belgium, Hong Kong, Switzerland, the United States, the United Kingdom, Dubai, Singapore and South Africa.

ICAI takes PNB official's statement; assures 'accelerated inquiry' into fraud

Institute constitutes high-powered group to study issues in the case and suggest remedial measures for the banking system.

The justice I deserve is far off... I will face my destiny, Mehul Choksi tells Gitanjali employees - Full text of letter

Full text of the letter written by Mehul Choksi to Gitanjali's employees