MAM
Chitralekha adds seven new marketing categories in Watch Awards
NEW DELHI: Seven marketing categories have been included in the sixth edition of the annual Watch Awards this year. Hosted by the Chitralekha Group, the Watch World Awards 2015 will be held on 9 October at the Westin Gurgaon.
The event will see top-end luxury watch brands vying for the coveted awards in multiple categories.
The marketing awards include Best Campaigns in Print and TV, Best Use of Ambient Media, Best Boutique, Best Organised Event and Best Integrated Marketing Campaign. This year sees the introduction of a new marketing category, Best use of Social Media, which will reward brands with most effective and innovative social media strategy.
Filmmaker Apoorva Lakhia was a member of the four-member jury that judged the product category. Senior marketing & business transformation specialist (automotive & retail) Nitish Tipnis judged the marketing category.
Elaborating on the sixth edition of Watch World Awards, Chitralekha Group president and publisher Mitrajit Bhattacharya said, “Watch World Awards has gathered a stature, which the watch industry looks forward to. With each edition, the list of marquee brands has grown up reiterating the significance of the unique platform we have created. Most importantly the awards have been able to touch the right chord with the watch brands and watch lover. Like earlier years, this year too we have put up an incredible jury hailing from watch-making, design, sports, collaborative art and marketing. The sixth edition is going to be exciting enough as we have received a remarkable response from top-notch watch brands.”
Expected attendees include Bollywood actors Yami Gautam, Nimrat Kaur and Pallavi Sharda amongst others.
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.
