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307 Results Found
  • PNB fraud: SEBI imposes Rs 5 crore fine on Mehul Choksi, others Feb 27, 2020 08:10 PM IST

    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 Apr 18, 2019 04:36 PM IST

    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 Apr 04, 2019 07:40 PM IST

    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 Jan 05, 2019 08:33 AM IST

    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 Oct 10, 2018 08:50 AM IST

    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 Jul 24, 2018 09:45 AM IST

    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 May 11, 2018 05:58 PM IST

    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 May 03, 2018 06:26 PM IST

    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 Apr 15, 2018 12:29 PM IST

    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% Mar 13, 2018 10:06 AM IST

    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 Mar 09, 2018 09:53 AM IST

    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 Mar 08, 2018 10:12 AM IST

    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 Mar 07, 2018 11:57 AM IST

    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 Mar 07, 2018 10:57 AM IST

    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 Mar 07, 2018 10:27 AM IST

    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 Mar 06, 2018 10:02 AM IST

    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 Mar 01, 2018 10:59 AM IST

    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 Feb 27, 2018 08:03 AM IST

    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 Feb 25, 2018 08:47 PM IST

    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 Feb 25, 2018 06:58 PM IST

    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 Feb 24, 2018 02:53 PM IST

    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

  • SEBI may declare Gitanjali group investment companies 'not fit and proper' Feb 23, 2018 07:54 PM IST

    SEBI may declare Gitanjali group investment companies 'not fit and proper'

    The move will prevent the Gitanjali group companies from accessing the market.

  • ICAI asks RBI for data on PSU bank borrowers with over Rs 2,000 crore debt Feb 23, 2018 03:32 PM IST

    ICAI asks RBI for data on PSU bank borrowers with over Rs 2,000 crore debt

    The ICAI has also issued show cause notices to auditors of Punjab National Bank (PNB) and Gitanjali Gems.

  • No direct exposure to Nirav Modi firms: JK Bank Feb 22, 2018 10:30 PM IST

    No direct exposure to Nirav Modi firms: JK Bank

    Jammu and Kashmir Bank today said it had "no direct exposure" to the companies of Nirav Modi and was not affected by the fraudulent Letters of Undertaking (LoUs) issued by the Punjab National Bank.

  • I-T attaches Rs 1,200cr SEZ unit of Gitanjali in Hyderabad Feb 22, 2018 10:00 PM IST

    I-T attaches Rs 1,200cr SEZ unit of Gitanjali in Hyderabad

    The officials said the property has been provisionally attached under the Income Tax law and the action was taken to "recover outstanding tax demands".

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