Brands
BrandZ launches Top 50 most valuable Indian brands
MUMBAI: Global research agency Millward Brown will announce the BrandZ Top 50 most valuable Indian brands 2014 on 19 August 2014.
Currently in its ninth year, the BrandZ Top 100 most valuable global brands study aims to create a new milestone with the launch of its first Indian edition, BrandZ Top 50 most valuable Indian brands. The rankings will be unveiled on 19 August in the presence of WPP CEO Sir Martin Sorrell and top executives of leading Indian companies.
The study will reveal key insights on trends in the Indian market by WPP companies across India, insights into how brands drive financial growth, the brands with the greatest potential for growth, the elements that have led to successful brand building in India and the way forward for building valuable brands in India. A highlight is the release of the list of top 50 most valuable Indian brands. The study analyses brands across various key business sectors including banking, automotive, telecom, personal and household care, foods, beverages, and insurance.
Millward Brown south Asia managing director Prasun Basu said, “BrandZ is a unique brand valuation methodology that has established a global credibility. This makes the BrandZ Top 50 Most Valuable Indian Brands the definitive and most robust ranking available. BrandZ approach starts with officially available financial information and scientifically attributes the contribution of consumer facing brands to business success, especially important in the context of large corporations, business houses or conglomerate brands. The stronger the relationship that a brand can build with consumers in its category, and is able to leverage those consumer connections, the more sustainable and profitable the brand becomes. Therefore, the Top 50 are reputable, successful engines of financial growth for the future of India”.
Millward Brown chief global analyst Nigel Hollis commented, “The BrandZ Top 100 Most Valuable Global Brands study has given marketers and brand managers deeper insights into their brands. Globally, the BrandZ study covers two million consumers and more than 10,000 different brands in over 30 countries. The Indian edition of BrandZ aims to enable brand owners to evaluate their brands, compare them with competitors around the globe, especially in a world where Indian brands have already demonstrated their ambitions to go global and make better-informed investment decisions. We hope that the study becomes a benchmark reference for brand insights in the market.”
Commissioned by WPP and carried out by Millward Brown, BrandZ valuations rankings are the only global rankings study that uses a unique brand valuation mechanism that combines officially released financial data and consumer-driven brand equity measurement to calculate brand value. The valuation study, which was introduced globally in 2006, in China in 2011 and Latin America in 2012, has seen a huge success and has received an overwhelming response in both markets as well as internationally .
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
