MAM
Microsoft and Toshiba strengthen ties, form HD DVD alliance
MUMBAI: Microsoft Corp. and Toshiba Corp., which already share a patent-sharing agreement on consumer electronics and personal computers, have now decided to further strengthen their ties. The two corporate giants announced in Tokyo today, that they would work together in developing next-generation DVD technology.
Microsoft and Toshiba will develop these by sharing each other’s respective hardware and software technologies. The expanded collaboration is designed to accelerate the availability of new devices for the benefit of customers, while demonstrating mutual respect for each company’s intellectual property rights.
“Microsoft values our strong relationship with Toshiba, a company we admire for its long-standing commitment to innovation. This agreement demonstrates our desire to share our innovations with other companies in ways that promote the spread of new ideas — and benefit customers by accelerating the development of exciting new products,” said Microsoft chairman and chief software architect Bill Gates.
The two companies have agreed to investigate development of HD DVD players using Microsoft Windows CE technology, by bringing together Microsoft’s expertise in software and PC technologies with Toshiba’s expertise in consumer electronics and computing. The companies also plan to strengthen their collaboration on iHD, the DVD Forum’s latest interactivity format.
As leaders in the PC industry, Microsoft and Toshiba promote joint ongoing projects in an effort to deliver breakthrough mobile PCs and expand the mobile market, showcasing integration of the key software features of the Windows operating system with the cutting-edge hardware technologies from Toshiba.
The companies have been working closely to promote Windows XP-based Tablet PCs and Media Center PCs on a worldwide basis, offering customers new PC work styles and benefits. Microsoft and Toshiba also expect to develop and deliver compelling mobile PCs with the next version of the Windows operating system, code-named “Longhorn.”
In April 2005 they signed a cross-licensing agreement to promote the exchange of innovations developed by each company. The licensing agreement covers developments in computer and digital consumer electronics areas. Microsoft and Toshiba both have traditions of investing heavily in research and development, a fact reflected in the depth of their respective patent portfolios and diverse products.
“We are very excited to take our long-standing partnership with Microsoft to the next level. Our companies have worked together since Toshiba launched the world’s first laptop PC back in 1985, and we enjoy a relationship rooted in mutual respect and understanding. We look forward to extending the scope of our relations to encompass HD DVDs, a major driver of the next-generation consumer electronics,” said Toshiba president and CEO Atsutoshi Nishida.
Microsoft and Toshiba will continue to introduce new breakthrough innovations that will bring about new scenarios for years to come.
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.
