Brands
Nokia’s new phone with 2 days battery life
MUMBAI: HMD Global, the home of Nokia phones has launched Nokia 2, that will come power packed with two days of battery life. The phone comes with a 5 inch high quality display with the latest Android software. The smartphone comes with a 8MP rear camera featuring automatic scene detection and auto focus and a 5MP front camera. It is also loaded with a high capacity 4100 mAh battery.
HMD Global chief product officer Juho Sarvikas said, “People rely on their phones so much these days with many people subconsciously rationing their battery life when out and about so they can last the day, which is why we created a smartphone that can power through when other devices need a pit stop.”
Qualcomm India vice president Larry Paulson adds, “Mobile is the key device for over 90 per cent Indians to access the internet. India is now the leading mobile data consumption market in the world. Powered by the Qualcomm Snapdragon Mobile Platform, the new Nokia 2 brings reliability, affordability and cutting-edge battery life to meet the requirements of the new age smartphone user.”
Nokia 2 will be available in Pewter/Black, Pewter/White and Copper/Black for a global average retail price of Rs 7500.
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.
