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Trinamool Congress members too were seeking to raise the same matter Nirav Modi is the alleged kingpin of the Rs 12,700-crore fraud at Punjab National Bank. (Photo: ANI | Twitter)

LS adjourned as Oppn slams PM silence on PNB scam, AP gets special...

Congress members trooped into the Well with placards demanding a reply from the PM on Nirav Modi's whereabouts.

5 March 2018 8:48 AM

Choksi and Modi got issued LoUs and FLCs of Rs 12,636 crore in favour of foreign branches of Indian banks based on fraudulent claims.

Gitanjali Gems falls 5 per cent to hit 52-week low

Gitanjali Gems has lost as much as 70 per cent since February 14, the day the PNB fraud came to light.

5 March 2018 7:05 AM

Indian Parliament

Oppn to corner Govt over bank frauds, 'personal vendetta' as parl...

The Lok Sabha and Rajya Sabha meets on Monday after a month-long recess in the session.

5 March 2018 6:22 AM

Two suspected robbers, referred to as Jai and Veeru, popular characters of the iconic Bollywood film Sholay, were arrested from south Delhi for their alleged involvement in motor vehicle thefts. (Representational Image)

Four more arrested in PNB fraud

The ED has seized diamonds and other valuables to the tune of around Rs 5,700 crore from Modi's jewellery outlets.

4 March 2018 8:06 PM

Lawyer Vijay Aggarwal, speaking by telephone, declined to comment on where Nirav Modi was. (Photo: PTI)

Another ex-PNB official arrested

The agency arrested the retired second senior-level internal auditor of the bank for allegedly overlooking the...

2 March 2018 8:08 PM

The victims have still not been paid for the diamonds that they sold in the scheme. (Photo: Representational/Pixabay)

Diamond traders stopped deals with Nirav Modi for slow due payments

Traders said Nirav Modi, Mehul Choksi had acquired reputation for not following industry's unwritten code of business...

2 March 2018 2:37 PM

Lawyer Vijay Aggarwal, speaking by telephone, declined to comment on where Nirav Modi was. (Photo: PTI)

US court stops creditors from debt collection from Nirav Modi in...

Nirav Modi has a majority stake in Firestar Diamond and its other sister companies through his other companies.

2 March 2018 2:11 PM

The residents of BDD Chawl in Mumbais Worli area have created a 58-feet high effigy of Nirav Modi, symbolising the evil character of Holika, to burn it as a part of the festivals tradition. (Photo: ANI | Twitter)

Mumbaikars to burn 58-feet tall effigy of Nirav Modi on Holi to...

Residents of BDD Chawl said the effigy was not created by any ace artist, but was made by the residents themselves.

1 March 2018 7:09 AM

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB scam case: CBI chargesheet names bank ex-chief, details Nirav...

In the chargesheet, CBI has detailed alleged role of bank's former chief Usha Ananthasubramanian and other senior...

14 May 2018 9:17 AM

Flawless white diamonds, among largest ever offered, to go on sale. (Photo: Pixabay)

Diamond business in India will continue to grow this year: De Beers

India will grow exceptionally, which was affected since last two year due to implementation of GST and demonetisation.

13 May 2018 9:33 AM

Union Bank did not respond to requests for comment from either the stock exchange or Reuters.

Union Bank of India shares slump after lender makes fraud complaint

Union Bank shares were trading 8.3 per cent down at 86.85 rupees.

23 March 2018 8:07 AM

CBI has received two complaints from PNB against billionaire jewellery designer Nirav Modi and a jewellery company about fraudulent transactions. (Photo: Facebook)

After PNB fraud, India takes steps to prevent defaulters from flying...

Under the new rules, banks will have to file for insolvency proceedings against loan defaulters with Rs 2,000 crore or...

21 March 2018 12:14 PM