While a majority of sectors have been negatively impacted by the coronavirus pandemic, raw diamond cutting and polishing units in and around Surat city of Gujarat...
New Delhi: The Enforcement Directorate has received 108 consignments of diamonds, pearls and other valuables worth Rs 1,350 crore on Wednesday from Hong Kong which were...
Virtually spelling doom for various Indian public sector banks, the National Company Law Tribunal, Mumbai has ordered the liquidation of absconding diamantaire Nirav Modis group company,...
India’s securities regulator on Thursday fined jewellery retailer Gitanjali Gems Ltd and its executives 50 million rupees ($695,700) for failing to disclose key information related to...
The withdrawal of duty benefits by the US under the Generalized System of Preferences (GSP) is yet another blow for India’s gems and jewellery sector. The decision, which came...
New Delhi-Key accused in the PNB fraud case, Mehul Choksi on Thursday said the state-run Punjab National Bank NSE -3.46 % intentionally “destroyed” GitanjaliNSE 5.00 %...
NEW DELHI: The exit of Nirav Modi and Mehul Choksi from the Indian market has resulted in a sharp fall in India’s silver jewellery exports with an over 75% decline...
MUMBAI: The Diamond Producers Association (DPA) will soon be starting a project with the Gem and Jewellery Export Promotion Council in India to evaluate the feasibility of...
New Delhi: ED Monday opposed the bail plea of Sushen Mohan Gupta, alleged defence agent arrested in the AgustaWestland VVIP choppers scam, saying there was a...
New Delhi, Key accused in the PNB fraud case, Mehul Choksi on Monday said that the actual culprits of the Rs 14,000 crore fraud are roaming free and...
Central Bureau of Investigation team is likely to leave for London to assist local authorities in the extradition case of diamantaire Nirav Modi whose bail plea...
For someone who has remained doggedly elusive and managed to dodge an international manhunt for 15 months, Nirav Modi will remain confined to the United Kingdom until India’s...
Mumbai: Gem & Jewellery Export Promotion Council (GJEPC), a nodal trade body sponsored by the commerce ministry, is pursuing banks to adopt its online know your-customer databank of 2,500 exporters as a...
New Delhi: Jeweller Nirav Modi, accused of involvement in the Punjab National Bank fraud, frequently changed his address in the UK to evade punitive action— at least...
A day after UK-based The Telegraph tracked down Nirav Modi in London’s West End, Enforcement Directorate (ED) on Saturday said that the UK government has forwarded...
Fugitive diamond trader Mehul Choksi’s firm in the US, Samuels Jewelers Inc., may have sold lab-grown diamonds to customers by falsely certifying them as natural stones,...
The resolution professional overseeing Gitanjali Gems has contested the Enforcement Directorate’s seizure of the company’s assets on the grounds that the action has disrupted the insolvency...
The Enforcement Directorate (ED) has attached property belonging to absconding diamantaire Nirav Modi, valued at Rs 147.72 crore, under the Prevention of Money Laundering Act (PMLA)....
Top government sources have confirmed that India is moving ahead to bring back high-value economic offenders from the West Indies. A long-range Air India Boeing has been...
Diamantaire and PNB scam accused Mehul Choksi has surrendered his Indian passport to Antigua, apparently to avoid extradition to India, where he is wanted for loan...