Stock Study

Gitanjali Gems – Why Poor Retailers Lost More Than Mehul Choksi

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March 1, 2018October 4, 2022

The scam hit Gitanjali Gems and Nirav Modi’s Firestar Diamonds together accounted for nearly 6 per cent of the diamond and jewellery trade in value terms in 2015-16. The most imminent shutdown of the two companies would have an impact of 5-6 per cent on… Read More »Gitanjali Gems – Why Poor Retailers Lost More Than Mehul Choksi

PNB Scam – Explained

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February 18, 2018October 4, 2022

In what may turn out to be one of the biggest financial scams in the India’s corporate history, Punjab National Bank (PNB) opened up that it had been defrauded of about Rs 114 billion by jeweller Nirav Modi, his maternal uncle Mehul Chinubhai Choksi, and… Read More »PNB Scam – Explained