Brands
Pearl Academy students ‘find themselves’ on Lakmé runway, Ikigai gets a catwalk makeover
MUMBAI: Pearl Academy, in partnership with the Fashion Design Council of India (FDCI), unleashed “First Cut” at Lakmé Fashion Week X FDCI, a student showcase. Inspired by the Japanese concept of Ikigai – the secret sauce to a long and happy life, apparently – the students didn’t just walk the runway; they strutted through the existential.
This wasn’t your run-of-the-mill frock parade. Oh no, this was a deep dive into the emotional vortex of today’s youth, a sartorial therapy session if you will. The Ikigai pillars – passion, mission, vocation, and profession – were translated into four thematic acts, each a chapter in a style-driven self-help manual.
“Make Nothing from Scratches” (passion) saw deadstock fabrics resurrected into rebellious silhouettes, proving that one person’s trash is another’s avant-garde treasure. “Juxtapose” (success) threw a curveball at conventional achievement, blending layers like a fashion smoothie gone wild. “Reimagine” (purpose) gave Indian pattern-cutting a global glow-up, marrying heritage with high-street swagger. And “Love is Blind” (love) was a technicolour celebration of connection, from digital dalliances to mature musings.
FDCI chairman Sunil Sethi waxed eloquent about nurturing young talent, stating, “Fashion was an evolving dialogue, and this showcase allowed students to engage with its transformative power.” Indeed, this wasn’t just about pretty clothes; it was about provoking thought, sparking conversation, and maybe, just maybe, finding oneself amidst the sequins and stilettos.
Pearl Academy students, collaborating like a well-oiled fashion machine, proved that they’re not just learning the ropes; they’re rewriting the rulebook. With past themes tackling everything from post-pandemic blues to lunar landings, this year’s inward gaze was a refreshing twist. “First Cut” wasn’t just a show; it was a statement, a reflection, and a wink to the ever-evolving nature of identity. In a world spinning faster than a runway model, these students showed us that fashion can be a map to finding yourself, one stitch at a time.
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.
