MAM
Nakshatra releases TVC with Aishwarya Rai on festive occasion
MUMBAI: The diamond festival, the Nakshatra Utsav 2005 has been launched by the Diamond Trading Company (DTC) and will continue till the end of this month.
The Nakshatra Utsav celebrates beauty, mystery, magic and the aura of all constellations. .In addition, the Utsav introduces 12 new designs especially for all Nakshatra buyers.
As part of the Utsav, a new television commercial is on air. The company’s brand ambassador Aishwarya Rai invites viewers to attend the Utsav, saying, “‘Aap Nakshatra Utsav mein aa rahe hain na?”
The Nakshatra Utsav has over 150 retailers in 40 cities participating. Visitors have a chance to win gifts. The first 10 customers who walk into a store and shop for Nakshatra jewellery worth Rs 30,000 stand to win gorgeous, designer sarees. These have been specially designed, blending the Nakshatra colours and essence.
Rai says, “There is a kind of depth to a diamond which no other stone has. Diamonds are classy yet simple — and the statement they make is one of dignity and grace. No woman can resist the combination of permanence, feminity and elegance.”
DTC markleting dierctor India Cherie Tandon Saldanha said, “We are pleased to announce the Nakshatra Utsav, which will showcase a variety of designs of our exquisite Nakshatra diamond jewellery.Women no longer have to wait for the festive season to avail of exciting offers on purchase of Nakshatra diamond jewellery. This is an opportunity for them to indulge in choosing from the wide range of Nakshatra styles.”
The earlier mkentioned 12 pieces, crafted extensively for the Utsav, tell a story of celestial celebration. The collection consisting of rings, earrings, necklaces, pendants and more, comprise a circle of five to nine diamonds that sparkle like the stars and capture exquisitely the mystery, magic and aura of the constellations above.
Evoking images of the cosmos, of beauty and radiance, the designs range from the traditional to the ultra-modern. The designs are classic yet contemporary and have the Certificate of Authencity and the Nakshatra Mark Hologram.
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.
