May 28, 2021 03:13 PM IST
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.
- Sep 04, 2020 09:43 PM IST
Sebi said the decision to attach the accounts was taken after Choksi, Gitanjali Gems and Sheth failed to pay fine imposed on them.
- Feb 27, 2020 08:10 PM IST
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.
- Apr 18, 2019 04:36 PM IST
Mehul Choksi, the promoter of company, is currently on the run.
- Apr 04, 2019 07:40 PM IST
A two-member bench of VP Singh and Ravikumar Duraisamy, allowing more time, fixed the matter for further hearing to April 25.
- Jan 05, 2019 08:33 AM IST
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.
- Oct 10, 2018 08:50 AM IST
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
- Jul 24, 2018 09:45 AM IST
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.
- May 11, 2018 05:58 PM IST
Shareholding of Morgan Stanley Mauritius Company Ltd and Morgan Stanley (France) has come now down to 2.06 percent from 5.25 percent.
- May 03, 2018 06:26 PM IST
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.
- Apr 15, 2018 12:29 PM IST
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.
- Mar 13, 2018 10:06 AM IST
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.
- Mar 09, 2018 09:53 AM IST
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.
- Mar 08, 2018 10:12 AM IST
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.
- Mar 07, 2018 11:57 AM IST
Experts bet big on Titan, citing strong fundamentals along with strong management and element of trust.
- Mar 07, 2018 10:57 AM IST
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.
- Mar 07, 2018 10:27 AM IST
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.
- Mar 06, 2018 10:02 AM IST
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.
- Mar 01, 2018 10:59 AM IST
The central probe agency issued a provisional order for attachment under the Prevention of Money Laundering Act (PMLA).
- Feb 27, 2018 08:03 AM IST
Already, two top level executives -- compliance officer Pankhuri Warange and Chief Financial Officer (CFO) Chandrakant Karkare -- have resigned.
- Feb 25, 2018 08:47 PM IST
The countries where the LRs would be sent include Belgium, Hong Kong, Switzerland, the United States, the United Kingdom, Dubai, Singapore and South Africa.
- Feb 25, 2018 06:58 PM IST
Institute constitutes high-powered group to study issues in the case and suggest remedial measures for the banking system.
- Feb 24, 2018 02:53 PM IST
Full text of the letter written by Mehul Choksi to Gitanjali's employees
- Feb 23, 2018 07:54 PM IST
The move will prevent the Gitanjali group companies from accessing the market.
- Feb 23, 2018 03:32 PM IST
The ICAI has also issued show cause notices to auditors of Punjab National Bank (PNB) and Gitanjali Gems.