Brands
Perform ace’s Connect X bags exclusive Indian sneaker festival
MUMBAI: Talk about making the right move. Perform ace’s connect X has just bagged the exclusive rights to the Indian sneaker festival (ISF): a coup that cements its place at the heart of India’s booming streetwear and sneaker scene.
Billed as the country’s biggest celebration of sneakers, music and lifestyle, ISF has already become the holy ground for sneakerheads, collectors, and culture vultures. With connect X stepping in, the festival is gearing up to scale bigger heights, blending ‘phygital’ experiences to make sure India’s street style has a truly global strut.
So, what makes ISF such a cultural heavyweight? Think more than just shoes. The festival brings together limited-edition drops, exclusive showcases from global and local brands, high-octane music acts, and interactive zones with sneaker-trading pits, graffiti walls, customisation booths, flea markets and more.
This year, Grammy-winning rapper 21 Savage headlined the event: a watershed moment for India’s music-meets-streetwear scene. Past years have seen homegrown favourites like Seedhe Maut and Wazir tearing up the stage, proving ISF is as much about beats as it is about kicks.
A spokesperson from Perform ace put it simply, “Sneakers and streetwear aren’t just products, they’re identity, creativity and culture. With ISF under the PerformAce banner, we’re creating a platform that lets India’s youth connect, collaborate and celebrate on a global scale.”
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.
