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Gautam Singhania acquired two BVI entities, one to hold Swiss bank account

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Gautam Singhania acquired two BVI entities, one to hold Swiss bank account

According to Pandora document records investigated by the source, Gautam Hari Singhania, chairman and managing director of Raymond Limited, acquired two companies in the British Virgin Islands in 2008.

Although Singhania was designated as the beneficial owner of one of the companies, he was listed as a shareholder of the other company.

Deras Worldwide Corporation was established in July 2008 and was acquired by Gautam Singhania in the same month. Documents from Trident Trust, a service provider based in the British Virgin Islands, show that he is the beneficial owner of the Mumbai address. The purpose of the acquisition is to “open an account with UBS in Zurich”, with Roland Gysel of UBS AG in Geneva, Switzerland as its asset manager.

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Trident Trust, a service provider for Deras Worldwide, appointed three directors as members of the company’s board of directors in July 2008. Trident Corporate Services invoiced Deras Worldwide for $1,700 on July 10, 2008. A series of detailed questions sent to the company did not receive a response.

The second company associated with Singhania is Lyndonville Holdings Limited. The company was incorporated in the British Virgin Islands through Alcogal, another global corporate service provider, on January 2, 2008, listing Gautam Singhania with his father Vijaypat Singhania and mother Asha Singhania as one of its shareholders. However, the company was liquidated in 2016.

Raymond Group is a diversified group with most commercial interests in the textile and apparel sector, led by Gautam Hari Singhania. Its flagship company Raymond Ltd is a listed company with a market value of 2,997 crore rupees as of Friday. In the year ending March 2021, the company announced net sales of 34.46 billion rupees and a loss of 3.03 billion rupees. Last year, it had net sales of Rs 6,482 crore and profit of Rs 201.7 crore.

News Source: The Indian Express

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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