MAM
Rado launches Coupole Jubilé in India
MUMBAI: This wedding season, Swiss watch manufacturer ,Rado, introduces in India the Coupole Jubilé – a gift for the bride and the groom..
The Rado Coupole Jubilé limited edition range was unveiled by Rado Brand Ambassadress and actor/model, Lisa Ray, along with Rado Watch president ,Roland Streule and Swatch Group country manager India, G Kannan.
Ray said, “With its exceptional aura, the Rado Coupole Jubilé conveys an extraordinarily different definition of luxury. The perfection of design, innovative high-tech materials and precious gem stones blend into everlasting beauty.”
“The Rado Coupole Jubilé is an object of desire and I am really proud to bring this limited edition of 250 pairs to India. The exceptional aura of Rado Coupole Jubile, which can be the perfect gift for the newly married, is sure to leave an everlasting impression. ”, said Streule.
The aura of the spherically curved sapphire crystal glass on its exquisite platinum-coloured housing is enhanced by its silvered dial, set off with snow-white diamonds and fire-red rubies. One can almost feel the radiance of this watch scintillating on the skin. The sensuality and the feel of the watch will give the user the comfort in wear that they will ever want to let go off their wrist. The consequent scratch proofness and durability of the Rado Coupole Jubilé creates lasting value.
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.
