Brands
adidas releases limited edition Lionel Messi F50 Triunfo Dorado
Mumbai – adidas has launched the limited-edition Lionel Messi F50 Triunfo Dorado pack. Engineered for game-changing speed, the boots will be worn by Messi as he looks to add more accolades to his glittering career this summer.
For the first time ever, the boots available for retail include some of the exact, unique design specifications Leo chooses for his own on-pitch footwear, enabling fans to get closer than ever to the feeling of emulating the GOAT on the pitch.
. The closure of the ‘burrito’ style tongue is adapted to Leo’s preferred fit and has been engineered with knit material for maximum comfort.
. The Hybrid Touch upper updates the recently released inline F50 with a synthetic suede and foil material with soft haptic designed for vamp stability and comfort when touching the ball at speed.
. Consistent with the other existing F50 releases, the boots sit on a Sprintframe 360 soleplate, specifically designed to provide optimised stability and traction. The heel counter on the soleplate works harmoniously with a stud configuration of rounded and bladed studs for foot steadiness at push-off – all working in tandem to help facilitate multidirectional speed and acceleration.
Following the return of the F50 franchise earlier this month, the visual design of the Triunfo Dorado is inspired by one of the franchise’s most iconic boots – the F50 Prime. The Prime was originally released in season 2014/15, a season in which Leo won the League, Cup and UEFA Champions LeagueTM treble while breaking the all-time record for goals scored in the Spanish top division (43 in 38 appearances – and 21 assists.)
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.
