December 23, 2024 9:03 am
The actual default and other liabilities claimed before the National Company Law Tribunal (NCLT) run into several thousands of crores by these companies.
March 09, 2018 2:52 pm
Gitanjali Gems stock slumped 5 per cent to hit its fresh 52-week low of Rs 15.80 on BSE. This is the 17th straight session of fall for the stock.
March 08, 2018 10:54 am
The CBI on Wednesday registered a fresh case against billionaire jeweller Nirav Modi in connection with the alleged fraud in credit facilities extended by the Punjab National Bank.
March 07, 2018 11:26 am
The agency on Tuesday arrested Vipul Chitalia in the Rs 12,636 crore Punjab National Bank scam and claimed that he was a "mastermind" who reported directly to diamond trader Mehul Choksi.
March 06, 2018 9:52 pm
Chitalia was apprehended at Mumbai airport and brought to the Central Bureau of Investigation (CBI) office at the Bandra-Kurla Complex here for questioning, he said, but did not divulge any other details about Chitalia's alleged role in the PNB fraud.
March 05, 2018 11:48 am
Gitanjali Gems has lost as much as 70 per cent since February 14, the day the PNB fraud came to light. On the NSE, the stock fell to a 52-week low of Rs 19.25
February 22, 2018 2:01 pm
The stock tanked 4.92 per cent to Rs 26.10 — its lowest trading permissible limit for the day — on BSE. In seven days, the stock has plunged 58.5 per cent, eroding Rs 435.41 crore from its market capitalisation.
February 21, 2018 2:32 pm
While billionaire jewellery designer Nirav Modi, the alleged perpetrator of this fraud, is not directly linked to any listed company, his relative and business associate Mehul Choksi's Gitanjali Gems is a listed firm.
February 16, 2018 3:48 pm
In July 2013, the National Stock Exchange, in consultation with SEBI, had debarred Gitanjali Gems chief and main promoter Mehul Choksi among others from trading, for securities market violations relating to trading in his company.
December 02, 2014 2:32 am
Titan, the biggest retailer by market value climbed as much as 8 per cent during the day trade, before closing at Rs 389.65, up 5.3 per cent.
June 22, 2020 6:16 pm
The fugitive jeweller has spoken about the allegations against him for the first time. Mehul Choksi claimed that he tried to revoke the suspension of his passport with the Indian authorities.