Brands
Mutual Funds catch the metro at Mumbai’s Andheri station
MUMBAI: If your morning commute just felt a little more money-minded, there is a reason. One of Mumbai metro line one’s busiest stops, Andheri metro station, has been rebranded as ‘Mutual Funds Sahi Hai Andheri’, as part of AMFI’s latest push to take investor awareness straight to the platform.
In a city that rarely slows down, AMFI has chosen to meet Mumbaikars where they already are, on the move. The exclusive station takeover brings the message of simple, transparent and goal-based investing into the everyday journeys of nearly 1.8 lakh commuters who pass through Andheri station each day.
The newly branded station was unveiled by Manoj Kumar, executive director, SEBI, in the presence of Venkat Chalasani, chief executive, AMFI, along with senior officials from partner authorities.
From station name boards to escalators, elevators, glass railings, entry gates and platform maps, the Mutual Funds Sahi Hai message now travels alongside commuters at every turn. Even in-train announcements and route maps have been woven into the experience, ensuring the idea of disciplined investing stays top of mind between stops.
AMFI chairman Sundeep Sikka, said the metro mirrors life itself. Every journey is driven by goals, responsibilities and aspirations. By associating with Andheri Metro Station, AMFI hopes to remind commuters that long-term planning and informed investing are just as essential to progress as getting from point A to point B.
AMFI chief executive Venkat Chalasani, said taking investor education out of traditional financial spaces makes it more approachable. Simple messaging in a familiar setting, he noted, helps demystify mutual funds and links financial planning to everyday life, encouraging people to make confident and informed choices.
Times OOH chief operating officer Rohit Chopra, said metro stations are more than transit points. With Andheri’s massive footfall, the station offers a powerful space to spark meaningful conversations. He added that the partnership allows purpose-led messaging to blend seamlessly into daily routines.
The launch concluded with a guided walkthrough of the station’s refreshed look, turning an ordinary commute into a gentle nudge towards smarter financial habits. For Andheri’s daily travellers, the journey now comes with a side of financial sense.
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.
