MAM
Micromax dons new logo, to revamp branding by month-end
MUMBAI: Handset manufacturer Micromax will unveil its new ‘punch‘ logo at the Micromax Asia Cup 2012, during the India vs. Pakistan match on 18 March.
Micromax will also revamp its branding by the month-end.
The punch logo has been developed through a crowd sourcing exercise undertaken by Micromax in association with Talent House India. Participants were invited to submit their version of the logo.
Micromax head- marketing Pratik Seal said, “Today, as we expand, this new brand logo gives us the opportunity to present a single, powerful and unified face to our customers around the world. At Micromax, we value customer feedback and, hence, we are glad to unveil this new logo which has been created by the fresh and young minds.”
The contest targeted the design community across the virtual world and students from over 150 colleges and design schools. It ran for a span of two months and registered over 2500 entries by more than 1500 participants from across the globe.
Out of the entries received, Eric Atkins of USA was announced as the winner of the contest.
“It was tough to choose one amongst 2500 entries but we all decided that the Punch logo is a true reflection of the Micromax brand which is young, innovative, dynamic, bold, extrovert and fun,” Seal added.
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.
