MAM
Infosys inks IT infrastructure deal with UK’s House of Fraser
MUMBAI: Infosys has inked an IT infrastructure deal with UK’s retail chain House of Fraser.
Infosys bagged a multi-year contract from the Sanpower Group China owned company, to transform its multichannel business and IT infrastructure.The agreement was signed in the presence of Sanpower Group chairman Yuan Yafei and Infosys CEO Dr Vishal Sikka.
House of Fraser is among the leading retailers in the UK, and is aggressively working towards enhancing its multichannel business and expanding its global footprint. To achieve this objective, House of Fraser selected Infosys as its strategic partner to strengthen its multichannel business, and manage and transform its core IT infrastructure.
This program will in-turn, provide end consumers a seamless shopping experience, and will drive operational efficiencies and quicker time to market.
Through this engagement, House of Fraser will leverage Infosys’ expertise in the retail space, and have access to next-generation technologies such as digital and cloud. In addition, as a globally preferred partner for Sanpower Group, Infosys will work with House of Fraser as it taps into the fast growing fashion retail market in China; offering its extensive knowledge of local business nuances, access to specialized local talent pools and a collaborative multinational engagement framework.
House of Fraser chairman Frank Slevin said, “This program will help us realize faster time to market as we adopt new and advanced technologies to enhance our multichannel business. The benefits from this program will also allow us to achieve our business goals as we go global. We look forward to building a long term strategic relationship with Infosys.”
Infosys China CEO Rangarajan Vellamore added, “We are excited about this partnership with Sanpower Group and House of Fraser. This win reinforces our strategy to collaborate with large Chinese conglomerates going global. As a globally preferred partner for the Sanpower Group, we will offer new technologies in areas such as digital and cloud across its companies and House of Fraser as it transforms its business.”
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.
