Brands
Irrfan Khan named brand ambassador for Xolo
NEW DELHI: Actor Irrfan Khan has been named as the new brand ambassador of LAVA International’s Xolo brand.
Xolo has forged industry-leading partnerships including Intel, NVIDIA and Qualcomm amongst others, in order to provide differentiated technology to the new-age, discerning consumers.
In 2013, Xolo also partnered with the iconic Liverpool FC, which signifies the company’s long-term intent to promote football across the sub-continent, to strengthen the engagement with younger, new-age consumer.
Xolo business head Sunil Raina said, “We are pleased to announce Irrfan Khan as brand ambassador and the face of Xolo brand. Irrfan Khan is an internationally acclaimed actor who has made his mark in both Indian and Hollywood cinema. He makes a perfect fit with our brand values of passion, curiosity and honesty and will be instrumental in communicating the benefits of Xolo to consumers across India.”
Khan is equally popular among the urban as well as the semi-urban audience, which will distinctly bring forth shared synergies, values and beliefs and help Xolo further expand its reach.
Khan said, “I am excited to represent a forward-looking innovator like Xolo. To me, Xolo spells technology, innovation and evolves with the usage patterns of the consumers. I am looking forward to this association and the next line up of innovative products from Xolo.”
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.
