Brands
A|X Armani Exchange unveils new fall/holiday 2023 collection with Kartik Aaryan
Mumbai: The fall/holiday 2023 collection by A|X Armani Exchange brings new and expanded watch platforms for men and women, featuring unique textures, eye-catching design details, and fresh minimalist watch styles. The range of Holiday products will be available from October this year.
“The minimalist theme of the A|X Armani Exchange Fall/Holiday 2023 Collection is a brilliant showcase of understated design. While subtle, the unique textures, and prismatic hues of the collection make it an exciting choice to pair with a varied range of outfits and occasions. My personal approach to fashion is characterised by constant experimentation and evolution, and the new A|X Armani Exchange range offers me the perfect accessories to accentuate all my varied style choices.” A|X Armani Exchange brand ambassador Kartik Aaryan.
FALL 2023 COLLECTION
The men’s collection welcomes a bold and updated execution of a well-known A|X Armani Exchange shape. Reminiscent of ocean waves, the unique ombre texture on the dial draws attention to these timepieces. At 44MM, the watches feature a rotating bezel and 100 metre/10 ATM functionality. Range begins at Rs 17,495.
Our newest shape perfects a minimalist unisex design, available in black, gold-tone and silver-tone plating. A slim 40MM case and sleek dial make the collection a necessary addition for the season, versatile and easy to wear all day long. Priced at Rs 9,995.
This watch takes inspiration from a classic prep style that feels new again. In the same deep petrol blue that weaves its way from this season’s A|X Armani Exchange ready-to-wear styles, this timepiece features a simple stripe, stainless steel bracelet, and a lightweight 46mm dial. The timepiece is available in silver-tone plating and is priced at Rs 13,995.
This 42mm watch features a black and white matte sunray dial. With multifunction movement and black leather strap, it is priced at Rs 11,995.
Our newest gift set includes a stainless steel chain bracelet and a 44mm watch featuring a black sunray dial, chronograph movement and two-tone stainless steel bracelet. Priced at Rs 19,495.
HOLIDAY 2023 COLLECTION
A|X Armani Exchange’s bestselling styles are refreshed with classic preppy stripes that feel fresh, eye-popping subeyes and new season colorways. A deep burgundy colour is king in the Holiday 2023 collection, while visible A|X logos are present throughout this season’s timepieces. Range begins at Rs 14,995.
The core chronograph and Diver platforms are updated with new classic and inspired color combinations. Each timepiece features a full metal case and a 44 mm dial. The range begins at Rs 17,495.
Available in select online and offline stores.
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.
