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Nirav Modi

Stressed assets this week: Spotlight turns on Jet Airways, Gitanjali Gems

General

18 April, 2019

Stressed assets this week: Spotlight turns on Jet Airways, Gitanjali Gems

Since the Insolvency and Bankruptcy Code (IBC) was passed in 2016, a little over Rs 1.42 lakh crore of claims ......

Fugitive diamantaire Mehul Choksi's Gitanjali Gems heads for liquidation

Consumer

16 April, 2019

Fugitive diamantaire Mehul Choksi's Gitanjali Gems heads for liquidation

Absconding diamantaire Mehul Choksi-promoted Gitanjali Gems Ltd is headed for liquidation after a majority of its lenders decided not to ......

Raja Ravi Verma, VS Gaitonde paintings among Nirav Modi's art collection auctioned

General

27 March, 2019

Raja Ravi Verma, VS Gaitonde paintings among Nirav Modi's art collection auctioned

Indian tax authorities raised about $8 million in an auction on Tuesday of rare oil paintings that were once part ......

PNB fraud: Jeweller Nirav Modi denied bail after being arrested in UK

Finance

20 March, 2019

PNB fraud: Jeweller Nirav Modi denied bail after being arrested in UK

Fugitive billionaire jeweller Nirav Modi, wanted by Indian authorities over a $2 billion loan fraud at state-run Punjab National Bank ......

Premium
Flashback 2018: Financial sector grapples with PNB scam, NBFC crisis, RBI-govt row

Finance

27 December, 2018

Flashback 2018: Financial sector grapples with PNB scam, NBFC crisis, RBI-govt row

Bad loans, the rising gulf between the Reserve Bank of India and the government, and the Punjab National Bank-Nirav Modi ......

PNB posts third straight quarterly loss on fraud-related provisions

Finance

02 November, 2018

PNB posts third straight quarterly loss on fraud-related provisions

Punjab National Bank (PNB) reported a third straight quarterly loss on Friday as it set aside more money to account ......

PNB plans asset sales to revive fortunes after second straight quarterly loss

Finance

07 August, 2018

PNB plans asset sales to revive fortunes after second straight quarterly loss

India's Punjab National Bank reported a second straight quarterly loss on Tuesday as it earmarked more funds to cover a ......

PNB fraud: India asks UK to extradite jeweller Nirav Modi

People

03 August, 2018

PNB fraud: India asks UK to extradite jeweller Nirav Modi

India has asked Britain to extradite billionaire jeweller Nirav Modi, one of the main accused in the $2 billion loan ......

PNB fraud: Interpol issues notice for jeweller Nirav Modi's arrest

People

02 July, 2018

PNB fraud: Interpol issues notice for jeweller Nirav Modi's arrest

Interpol has issued a red notice request to find and arrest fugitive Indian billionaire jeweller Nirav Modi, who is at ......

PNB probe reveals how lapses across levels led to $2 bn fraud

Finance

20 June, 2018

PNB probe reveals how lapses across levels led to $2 bn fraud

A $2 billion fraud at India’s Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but ......