Brands
Culture Circle unveils Hyderabad’s ultimate luxury fashion hub
MUMBAI: Culture Circle, made a spectacular entrance into Hyderabad with an exclusive launch event at Broadway, Banjara Hills. The two-day affair combined high-fashion, celebrity presence, and record-breaking auctions, marking a significant moment for the city’s style-conscious community.
Following its successful debut in Delhi, Culture Circle’s expansion into south India reinforces its position as a trusted marketplace for authentic sneakers and premium streetwear. The store offers direct access to coveted global brands such as Nike, Yeezy, Jordan, Dunk Low, Jacquemus, Gucci, Prada, Fendi, and Dior at competitive prices.
The red-carpet gathering saw the presence of noted personalities, including entrepreneurs Rana Daggubati and Naga Chaitanya, actress Sobhita Dhulipala, media personality Rhea Chakraborty, and movie star Sreeleela, further establishing Hyderabad as a prime destination for high-end fashion.
A major highlight of the event was a high-energy auction featuring rare collectibles, resulting in intense bidding wars,
– Lost & Found Dunks acquired for Rs 50,000 by Vivek.
– Louis Vuitton city of dreams collection secured by investor Aditya for Rs 2 lakh.
– Rolex Hulk sold for Rs 22 lakh to entrepreneur and actress Parul Gulati.
– Limited Edition Stanley x Messi collaboration fetched Rs 17,000.
– Nike Air Jordan 1 Pine Greens added to the collection of Nasher Miles founder Abhishek.
– Tiffany Pendant purchased at Rs 85,000 by Broadway CEO Sankalp.
– Patek Philippe watch valued at Rs 1.2 crore, acquired by an undisclosed celebrity.
Culture Circle distinguishes itself through AI-powered authentication and KYC-verified sellers, ensuring all items are genuine and available at the best prices in India.
Culture Circle co-founder & CEO Devansh Jain Nawal stated, “Hyderabad has long been a hub of culture, cinema, and luxury, making it an ideal location for our expansion. Our goal is to offer the finest luxury and streetwear at the most competitive prices.”
Culture Circle co-founder & COO Ackshay Jain, added, “This is more than just a store; it’s a space for sneaker and fashion enthusiasts. With Hyderabad now home to our second store, we are thrilled to bring authentic and exclusive products to a wider audience.”
Celebrity guests also shared their excitement,
Culture Circle, entrepreneur, Rana Daggubati, said, “I’ve been looking for Lebron UK13 for so long, and it’s finally available on their app!”
Culture Circle, entrepreneur and actress, Gulati, remarked, “I was searching for this exact Rolex piece this morning, and I found it at Culture Circle’s auction!”
Culture Circle, media personality, Rhea Chakraborty, commented, “Everyone must check out Culture Circle it has everything in luxury fashion!”
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.
