Brands
Casio India celebrates Diwali with heartfelt story
MUMBAI: This Diwali, Casio India is reminding us that the most precious moments are those that bring hearts together. The brand’s touching new campaign celebrates courage, family bonds, and the beauty of new beginnings, capturing how belief and support can illuminate more than just homes, they can light up lives.
The film follows a talented young woman passionate about design who keeps her creations hidden from her father, fearing disapproval. During Diwali, her brother bridges the gap, helping her father see her dedication. Moved by her talent, the father leaves her a Casio watch, a quiet, powerful gesture of pride, faith, and encouragement. The watches featured, MTP-1302PD-3AV and LTP-1302DD-4A2, embody elegance, emotion, and the confidence that makes festive celebrations memorable.
“Diwali is about light, hope, and new beginnings,” said Casio India managing director Takuto Kimura. “Our watches are more than timekeepers, they are companions in life’s most meaningful moments. This film celebrates the inner strength and brilliance that Diwali stands for.”
Produced by Method Productions and directed by Barath Jayarajan, the film combines evocative visuals with relatable storytelling, honouring those who inspire courage, support dreams, and make every moment matter.
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.
