Brands
MSI Laptops celebrate 20 years of innovation in portable experiences in Mumbai
Mumbai: MSI, a leader in the world of gaming solutions and laptops marked the 20th anniversary of MSI Laptops with a grand celebration and exhibition of some of the most groundbreaking innovations from the brand at Infinity Mall in Malad, Mumbai on 21st & 22nd June 2024. The event saw a presence of 2000 plus attendees, who had an opportunity to immerse themselves in MSI’s innovations firsthand.
With India continuing to be MSI’s best performing market in Asia, the brand announced its further plans for expansion in the market. MSI, which currently operates in three major categories – Gaming, Creators and B&P series, with gaming leading the lion’s share aims to achieve a 2X growth by the end of 2024. Currently having 30 laptop experience centers across eminent markets like Mumbai, Bengaluru, New Delhi, and Pune, the brand intends to increase this number to 50 stores by the end of the year. Furthermore, in line with the positive performance of MSI and increasing popularity in the premium high-end laptops segment RTX 4070 & above, the brand plans addition to its existing 200 SKUs and aims at launching 100 more by the end of 2025.
As part of the celebration, MSI also announced significantly expanding its retail footprint through a strategic partnership with Croma, one of India’s leading electronics retailers. This collaboration will be demonstrated across 35 key Croma branches in markets such as Delhi, Maharashtra, Gujarat, and Hyderabad amongst others.
Commenting on this significant milestone, MSI regional marketing manager Bruce Lin said “Our 20th Anniversary celebration marks MSI’s commitment to innovation and our relentless pursuit of delivering exceptional computing experiences. India continues to be one of the leading and key focus markets for us and we will continue to expand our network further to cater to a larger consumer base by launching more innovative and affordable options. We also aim to expand our experience centers to offer our consumers a more immersive and hands-on experience with the brand.”
MSI has been in India for over 10 years, providing a blend of luxury aesthetics with cutting-edge technology and extreme performance with a special focus on customer satisfaction. Apart from selling via its experience centers, the brand’s products are also available on Flipkart, Amazon, Croma, and Reliance Digital. Currently, the brand has a presence in all the metro and tier one cities of the country and it plans to penetrate deeper into tier two.
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.
