Brands
Caratlane turns a new leaf with Peepal collection
MUMBAI: When it comes to jewellery, Caratlane has truly turned over a new leaf. The Tata-backed jeweller has launched its latest festive line, ‘Peepal’, just in time for Dhanteras, drawing inspiration from the serenity and symbolism of the sacred fig tree.
The designs shimmer with diamonds and green alpanites, carefully set in 14 karat and 18 karat yellow gold with delicate touches of green rhodium, echoing the natural elegance of the leaf. A launch film captures the mood with diya-lit visuals around a peepal tree, underscoring its deep cultural significance in Indian tradition.
“Jewellery is more than adornment,” said Caratlane managing director Saumen Bhaumik. “The peepal leaf, long revered as a symbol of divinity and new beginnings, felt like the perfect muse for pieces that are festive, versatile and timeless.”
True to its ethos of fusing heritage with contemporary design, Caratlane has crafted a collection that promises to shine as brightly at daily brunches as at Diwali soirées. Adding sparkle to the launch, customers can bag free gold coins on purchases starting from Rs 15,000.
Founded in 2008 and now with over 330 stores worldwide, Caratlane continues to marry modern design with Indian sentiment, proving once again that tradition and trend can sit beautifully side by side.
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.
