Brands
ASICS launches online marketplace in India
MUMBAI: Fitness brand ASICS has announced the launch of its e-commerce website for the Indian market. The newly launched website is a one-stop destination for all ASICS products across its categories and has been specifically introduced to meet the growing demand in the country with a focus on catering to the fast-paced lifestyle of millennials.
A company statement shares that the e-commerce site is a step to make the brand more accessible to consumers in tier II and III markets, strengthening its reach in the country by extending a safe avenue to access authentic brand offerings. The new e-commerce portal is designed to make ordering, deliveries and payments easier and faster for all ASICS consumers.
ASICS India MD Rajat Khurana said, “With the launch of the website, we are looking to rapidly expand our consumer base and delight users across new and upcoming markets. The launch of the website allows us to be a step closer to our consumer so that we can directly and constantly communicate with them.”
ASICS brand ambassador Bhuvaneshwar Kumar said, “It is very important for an athlete to have the right kind of fitness gear for an effective training and ASICS not only provides the necessary support but has also devised path-breaking technologies which can impact one’s performance greatly. Considering the fast-paced lives in today’s world, it’s of great convenience to everyone to be able to shop the best – quality and authentic ASICS products online. The launch of the retail website makes it easier for fitness enthusiasts to shop for good sportswear at their ease.”
The new ASICS website will host all the latest collections and favourites from the brand portfolio, including many global top sellers, like GEL Kayano, Hyper GEL, GEL KENUN, GEL Nimbus among other popular styles.
In the future, the website will have an ASICS One ID integrated on the website, which will enable consumers to buy apparels and shoes from all three brands; ASICS, Onitsuka Tiger, and ASICSTIGER all in one cart.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
