MAM
Huge Syst. retains Asia Media Products as exclusive manufacturer’s representative for Asia
MUMBAI: Huge Systems, Inc., a leading storage solutions provider for the content creation, broadcast and delivery markets, has announced the retention of Asia Media Products as the exclusive manufacturer’s representative for Asia.
The growth of digital video and High Definition applications in Asia now includes video post production, broadcast, content creation, animation, and graphics for film and gaming. As a result, production and creative professionals require powerful, scalable and reliable storage that is capable of meeting present as well as future standards, and is interoperable among a variety of operating systems and platforms. Huge Systems has developed a respected range of RAID storage products for a variety of high bandwidth SD and HD applications that meets these requirements, informed an official release.
Asia Media Products will provide sales growth, business planning, marketing assistance, and front-line technical support for Huge Systems throughout the Pacific Rim.
“We welcome Asia Media Products as our exclusive product representative for the burgeoning Asian arena,” states Huge Systems vice president sales Jerry Palace. “Asia is a major producer of digital media content for professional, corporate, as well as consumer audiences, both foreign and domestic. Critical to our success in Asia is the need for savvy technical and sales support already familiar with these markets. Asia Media Products has a demonstrated track record of success in these areas and we look forward to a diversity of users around the Pacific Rim discovering the advantages of Huge Systems storage technology.”
Asia Media Products CEO Robert Stacy concurs, “Huge Systems has built a solid and respected reputation for high performance storage products for a variety of video and imaging applications. We look forward to nurturing this relationship and bringing Huge Systems products to the forefront among a variety of content and video production professionals across the Asian region. We look forward to bringing our resources to bear on behalf of Huge Systems.”
Stacy has over 12 years of combined direct experience in sales, marketing and product development of digital media technology. Stacy was formally the Worldwide Director of Product Management for Avid Technology and the Asia Pacific and Western US Sales Director for Teranex.
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.
