MAM
magicpin joins hands with Republic Media to power retail in India
Mumbai: magicpin, the online platform for discovery and savings in offline retail, has entered into a partnership with Republic Media to spread its message to a wider audience across India. magicpin and Republic Media will jointly create content that will be aired on Republic TV, Republic Bharat and other digital channels. The content will also be available on magicpin’s social media handles.
This will include unique user-generated content shared by customers, retailers and brands that will highlight the benefits of a hyperlocal shopping experience that is a win-win for all stakeholders. This partnership will ensure that the message is delivered to millions of consumers, retailers and brands across the length and breadth of the country, said the statement.
Announcing the partnership on live TV during the prime time debate, Republic Media MD and editor-in-chief Arnab Goswami said, “magicpin is on a mission to make hyperlocal absolutely magical. With over 1.7 lakh merchant partners it embodies the glorious Indian entrepreneurial spirit. As India’s economy bounces back and customer habits change, magicpin empowers users to go local. We are excited about this partnership as we are champions of the Vocal for Local mission and this is a great opportunity to do just that.”
“magicpin is connecting Bharat’s retailers to its consumers. It stands for offline retail – for millions of stores in our country across food, fashion, electronics, and pharma – bringing their products and services to the users’ handset,” said magicpin CEO and founder Anshoo Sharma. “This enables users to discover and save at these local stores and retailers to participate in the country’s fast-growing online economy. Our partnership with Republic Media, is to spread our message of ‘Shop Karo, Save Karo, magicpin Pe’ to benefit merchants and customers across the country.”
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.
