Brands
Asics brings back the Gel-Kayano 12.1 in style
MUMBAI: Asics SportStyle has revived the iconic Gel-Kayano 12.1, a cult favourite from the mid-2000s, in collaboration with long-time partner Kith. The reissue keeps its vintage heart but gets a modern lift, blending nostalgic design with next-gen comfort.
The shoe’s upper nods to the original Gel-Kayano 12, famously inspired by European gothic armour. Think sleek metallic overlays, breathable mesh panels and that unmistakable Asics silhouette, now tuned for daily wear. A special touch lies in the tongue, which features Japanese kanji characters for “Kayano,” a tribute to designer Toshikazu Kayano, who shaped the franchise from 1993 to 2007.
Underfoot, the Gel-Kayano 12.1 swaps the track for the street with the Gel-Nimbus 17’s midsole technology. Its fluid ride system, built from Flytefoam and Ff Blast cushioning, keeps every step light, responsive and ridiculously comfortable. Gel inserts in the heel and forefoot round it off with plush impact absorption that feels as good as it looks.
“We’ve seen incredible growth in the SportsStyle category in India,” said Asics India & South Asia managing director Rajat Khurana. “The revival of vintage tech has allowed us to reimagine icons like the Gel-Kayano 12.1 for a new generation that values both performance and style.”
The Gel-Kayano 12.1 is more than a sneaker comeback, it’s a stylish stride through Asics’ heritage, proving that great design never really goes out of step.
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.
