Latest news with #GauravJain
Time of India
04-07-2025
- Business
- Time of India
ED uncovers 100cr financialfraud in Jaipur-based company
Jaipur: The Enforcement Directorate (ED) Friday conducted raids at 12 locations across Jaipur, Tonk and Kota, uncovering a massive financial fraud exceeding Rs 100 crore by Debock Industries Ltd, a city-based group. The agency had investigated the company following a complaint by the Securities and Exchange Board of India (Sebi). During the raids, ED officials seized over Rs 70 lakh in cash, property documents. The group's eight luxury vehicles, including a Rolls Royce and a Bentley, are also being assessed. The operations targeted the premises of company owner Mukesh Manvir Singh and other key individuals allegedly involved in the scam, including Gaurav Jain and Jyoti Chaudhary. According to a senior ED official who spoke on condition of anonymity, the Jaipur-based company, which operates in agricultural equipment, hospitality services and mining sectors, allegedly created fake firms and appointed proxy directors between 2020 and 2023 to inflate their earnings and balance sheets. "This manipulation resulted in an extraordinary increase in the company's share price from Rs 8 to Rs 150 within six months during 2023," the ED official told TOI. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Men Over 50: Frequent Urination & Weak Stream? Do this Before Bed healthydayscare Click Here Undo by Taboola by Taboola "The actions of the company, prima facie, reveal a brazen and calculated effort to defraud investors and deceive regulatory authorities," the official said. The investigation revealed that the company manipulated the share through listing fictitious entities in the stock market. Sebi had initially filed a prosecution complaint against Debock Industries in Aug 2024, which led to the ED investigating the company for money laundering in March 2025. The probe will continue as ED processes the seized documents and assets. Investigators are currently reviewing monetary documentation, payment pathways and corporate hierarchies connected to the company and its related business units.
Fashion Value Chain
03-07-2025
- Business
- Fashion Value Chain
Orange Tree Launches Immersive 6th Store in Raipur
Jodhpur-based lifestyle brand Orange Tree has opened its 6th experiential store in Raipur, marking a key milestone in its expansion journey. Nestled amid greenery on Devpuri Road, the 2,000 sq ft store brings together contemporary aesthetics and India's rich artisanal heritage under one immersive retail experience. This new space is more than just a showroom — it's a curated experience. Every section, from living and dining to bedroom displays, is designed to evoke a home-like ambiance, allowing customers to easily envision Orange Tree's lighting, furniture, and décor in their own spaces. The journey begins with a Wall of Fame, showcasing the evolution of Orange Tree's parent company, Basant, followed by a captivating Décor Wall and a Material Library presenting an array of woods, metals, stones, fibres, and marbles in diverse finishes. The Craftsmanship Wall spotlights traditional techniques interwoven into modern designs, underscoring the brand's commitment to artistry, sustainability, and innovation. One of the highlights is the Lighting Section, where Orange Tree's luminous creations blend function with form — with standouts like the Abascus Collection, known for its artisanal detailing, and the Andaman Collection, reflecting refined modern elegance. Founder Gaurav Jain commented, 'Raipur's emergence as an economic and cultural hub presents exciting opportunities. We're thrilled to bring globally inspired designs rooted in Indian craftsmanship to this dynamic city.' The Raipur store reflects Orange Tree's mission to offer modern artisanal living, creating a sensory-rich shopping experience that celebrates both creativity and culture.
News18
02-07-2025
- Business
- News18
ITR Filing For Freelancers & Gig Workers: Which Form To Use, What To Claim, And Docs To Keep
Last Updated: ITR Filing: From ITR form to documents they need, let's us know everything about ITR filing for freelancers, creators and gig workers. ITR Filing 2025-26: Though the deadline for the income tax return (ITR) filing for FY2025-26 has been extended to September 15, 2025, taxpayers are advised to complete their tax filing responsibility as soon as possible. It helps to avoid near-deadline rush and errors, which might occur in a hurry. There's a rising workforce in the country that includes freelancers, creators, and gig workers. They don't come under a formal job structure, which means their tax filing process might be different from the formal tax filing process. Freelancers, creators, and gig workers may face a challenge while filing the ITR. Thus, we asked experts to simplify the process, allowing them to understand things they should keep in mind. From ITR form to documents they need, let's us know everything about ITR filing for freelancers, creators and gig workers. Which ITR Form To Use? According to CA (Dr.) Suresh Surana, freelancers generally need to file either ITR-3 or ITR-4, depending on their income and the tax scheme chosen. ITR-4 (Sugam) is applicable to those opting for the presumptive taxation scheme under Section 44ADA, typically with gross receipts up to Rs 3 crore (if cash transactions are under 5%). In this case, 50% of the income is presumed to be profit. Gaurav Jain, Partner at Forvis Mazars India, adds that ITR-3 should be filed by those who wish to declare actual income after deducting expenses or whose receipts exceed the presumptive limit. It is also required for professionals who maintain books of accounts. Yes. Both experts confirm freelancers can claim expenses like laptop purchases, internet bills, travel costs, and software subscriptions, provided they are used wholly and exclusively for professional work. Assets like laptops qualify for depreciation, typically at 40%. However, Surana warns that those opting for the presumptive scheme under Section 44ADA cannot claim individual deductions—50% of income is considered net taxable profit. Documents You Must Keep Freelancers must retain invoices, receipts, contracts, bank statements, and proof of asset purchases. Jain notes that even a basic income-expense spreadsheet helps, especially for those not under presumptive tax.
Fashion Value Chain
28-06-2025
- Entertainment
- Fashion Value Chain
Orange Tree Showcases Design-Led Craft at HGH India 2025
Contemporary lifestyle brand Orange Tree is set to impress visitors at the 17th edition of HGH India Trade Show with a curated showcase of its design-forward furniture, lighting, and décor collections. The exhibition takes place from July 1 to July 4 at the Bombay Exhibition Centre, Goregaon, where Orange Tree will display at Hall 3, Booth B48. Founded by Gaurav Jain, a second-generation entrepreneur, Orange Tree serves as the retail arm of Basant, one of India's premier furniture exporters supplying to global names like Pottery Barn and West Elm across 20+ countries. The brand is known for blending contemporary aesthetics with traditional Indian craftsmanship, creating pieces that elevate modern Indian homes. At HGH India, Orange Tree will present top-sellers from signature collections such as Andaman, Kyoto, Abacus, Doux, Lunora, and more. Among highlights is the Abacus Console Table, inspired by the ancient calculating tool, featuring handwoven and sculpted details. The Neo Kyoto Bedside Table, crafted from solid wood, offers elegance with its smooth curves and spherical legs. The Kaba Bench, upholstered in bouclé, exemplifies tactile comfort and sculptural grace. Lighting takes a center stage with pieces like the Cici Chandelier from the Lunora Collection, where intersecting arcs and frosted glass shades reflect minimalist movement and a warm glow. Sustainability also takes focus with the Doux Edit, a décor line made using factory waste. Notable is the Sierra Coaster, inspired by mountain ranges and crafted from Banswara marble scraps, bringing beauty and eco-consciousness to tabletops. 'We are proud to present contemporary collections that are deeply rooted in Indian craftsmanship. Our participation at HGH India reflects our commitment to the 'Make in India' vision and our drive to showcase the strength of indigenous design to the vibrant community of architects and interior designers,' said Gaurav Jain, Founder of Orange Tree.
Entrepreneur
17-06-2025
- Business
- Entrepreneur
Gaurav Jain Steps Down as ShareChat's Chief Business Officer
In the interim, the company's Chief Financial Officer, Manohar Charan, will take over business operations. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Gaurav Jain, Chief Business Officer of ShareChat, has decided to step down from his position. In the interim, the company's Chief Financial Officer, Manohar Charan, will take over business operations. Charan was recently promoted to the role of Co-founder, marking his growing importance in the company. Jain joined ShareChat in October 2022. Before this, he worked at Snap as Head of APAC Business Expansion and served for three years as Head of Mid-Market Business at Meta India. This leadership change comes after a series of key exits in 2023, including ShareChat's co-founders Bhanu Pratap Singh and Farid Ahsan stepping down from executive roles, though they remain on the board. Earlier this year, the company also laid off 5% of its staff during its annual performance review. Despite internal changes, ShareChat's performance has remained strong. The company reported INR 718 crore in revenue for FY24, up 33% from INR 540 crore in FY23. Advertising revenue also grew 23% year-on-year to INR 315 crore, driven by growth in mid-market and FMCG sectors. Last year, ShareChat raised USD 65 million through debt funding. Its investors include X (formerly Twitter), Lightspeed, SAIF Partners, and Alkeon Capital.
