MAM
LG launches ‘futuristic’ home entertainment system
BANGALORE: LG Electronics India Ltd. (LGEIL) has announced the launch of home entertainment solution LG “MyHomNet”. The range is targeted at the discerning buyer who appreciates the latest global trends and wants to be in sync with state-of-the-art products and leading-edge technology.
The product is captioned by LG as: ‘Unique single hub ‘multitasking’ as the key to the next level of infotainment Actual convergence of CE and IT products through AV Net technology.
Networked MyHomNet along with Consumer Electronic (CE) devices work together in the MyHomNet environment to distribute, store, enhance and share content, helping users experience the true benefits of digital media whenever and wherever they want. Now an entire family can enjoy stored movies, live TV, digital photos and music anywhere in the home through MyHomNet, informs an official release.
LG’s MyHomNet makes it possible to watch live and recorded TV broadcasts, browse through a library of digital photos on your PDP, stream MP3 music to your home theater, and put together a creative slide show on your LCD TV, all simultaneously. The limitations of room layout, floor plans, network connections, the location of the hub no longer restrict your enjoyment of digital device in a home environment, the release adds.
Introducing this new technology to India, South West Asia LGE president & MD K R Kim said, “MyHomNet is a reinforcement of LG’s commitment to introducing technological excellence to the Indian market. This is the first time the Indian consumers will get a true experience of convergence of entertainment and IT products. ”
The LG MyHomnet works on three different configurations. There are different variants available with multiple display options and the solutions range from Rs. 1,00,000 to Rs. 3,50,000.
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.
