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Gitanjali Gems News

20 Aug 2018

Nirav Modi is in London, confirm UK authorities; CBI requests for extradition

The fugitive diamantaire is being wanted in India as a prime accused in the USD 2 billion loan fraud scam at Punjab National Bank.

31 Jul 2018

Nirav Modi, Mehul Choksi's firms withdraw pleas

Last week, a United States court issued summons to diamantaire Nirav Modi and his aides at the heart of the multi-billion Punjab National Bank scam.

24 Jul 2018

Mehul Choksi says not returning to India due to fear of mob lynching

Choksi has claimed that he faces a threat to his life not only from his former employees and debtors but also from jail staff and inmates.

28 Feb 2018

More properties of Nirav Modi, Mehul Choksi attached

A Blue Corner notice has been issued against absconding billionaire jeweller Nirav Modi and Gitanjali Gems owner Mehul Choksi separately by the Bureau of Immigration. The notice, issued on February 22, 2018, will remain valid at all ports of embarkation, said Income Tax sources.

24 Feb 2018

PNB fraud: ED attaches 21 properties of Nirav Modi worth Rs 523 crore

The ED has now attached 21 properties linked to the Nirav Modi Group in connection with its probe into the PNB scam.

24 Feb 2018

PNB fraud accused Mehul Choksi letter to employees: Full text

Mehul Choksi said he is facing a lot of problems due to the manner in which the multiple investigating agencies and government agencies are creating a "havoc, hell bent upon stopping the operations".

24 Feb 2018

Can't pay salaries, look for other jobs: Mehul Choksi writes to his employees

Mehul Choksi claimed that the agencies in India are 'hell bent' on stopping the operations of the company.

21 Feb 2018

PNB fraud: CBI seals luxury farmhouse of jeweller Nirav Modi in Mumbai's Aliba

The CBI on Wednesday sealed a luxury property of billionaire Nirav Modi in Alibaug area near Mumbai.

21 Feb 2018

Look for new jobs: Billionaire jewellers Nirav Modi and Mehul Choksi to their employees

Nirav Modi and Mehul Choksi are being investigated by multiple probe agencies after it recently came to light that they allegedly cheated Punjab National Bank to the tune of Rs 11,400 crore.

19 Feb 2018

7 engineering students had filed FIR against Mehul Choksi last year

A group of seven engineering graduates from Rajasthan Institute of Engineering and Technology in Jaipur were allegedly cheated by Choksi.

16 Feb 2018

Sebi launches probe into trading, disclosure issues at PNB, Gitanjali Gems

The Sebi and stock exchanges have begun analysing the stock market trade details of all entities associated with Nirav Modi including Mehul Choksi.

21 May 2017

Three Indian brands among world's top 50 luxury goods companies

In the list of top 50 luxury goods companies globally, three indian firms have found their names. The list topped by Louis Vuitton include firms Gitanjali Gems, Titan and PC Jeweller.

20 Jul 2015

Jewellery stocks glitter as gold slides to 2-year low

Jewellery stocks were in limelight Monday, surging as much as 14 percent, as gold prices plummeted to over two-year low of Rs 25,700 per 10 grams.

22 Apr 2015

Gitanjali Gems shares soar over 9% on biz restructuring

Shares of Gitanjali Gems Wednesday surged over 9 percent after the company announced major restructuring of its business to create better synergy within group companies, bring down costs and improve cash flows for "unlocking value in future".

01 Dec 2014

Jewellery stocks shine, gain up to 20% on RBI move

Jewellery stocks on Monday jumped up to 20 percent after the Reserve Bank eased restrictions on gold import.

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