Brands
Rannvijay shifts gears with Madcap Luxe lunch
MUMBAI: Fasten your seatbelts, luxury just hit the fast lane. Rannvijay Singha, along with co-founders Arvind Balan and Rohit Jha, has launched Madcap Luxe Travel Experiences, India’s first cultural powerhouse that merges motorsport, heritage, and high-end adventure into one roaring movement.
Born from the thrill of the open road, Madcap Luxe redefines travel as an emotion rather than an itinerary. The brand blends self-drive expeditions with world-class hospitality, taking travellers from private F1 paddocks and Dakar rally zones to royal palaces and Michelin-starred dining tables, all wrapped in an unmistakable spirit of Indian luxury.
“Madcap Luxe is not about itineraries, it’s about emotion engineered,” says Rannvijay Singha. “It’s for those who live boldly and want to drive their own legend.”
The venture also introduces a second vertical, Madcap Lifestyle & Adventure IPs, with its debut property, Blackout 40, India’s first 40-hour non-stop biker festival in the deserts of Rajasthan. Designed as an immersive cultural celebration, it unites bikers, artists, and adventurers in a heady mix of music, craftsmanship and desert soul.
“We are creating formats that go beyond festivals, these are cultural movements,” says Arvind Balan. “Blackout 40 celebrates India’s roots and modern identity in one frame.”
Powered by experiential marketing giant Maxperience, the creative force behind 500 plus campaigns for Porsche, Hyundai, and Royal Enfield, Madcap Luxe is positioning itself as a global experiential brand built in India for the world.
The 2026 global luxe drive calendar revs up the experience with curated international expeditions, from the Saudi Grand Drive – Dakar Edition to the Grand American Drive – Route 66 Centennial Edition. With its bespoke “Curate Your Own” journeys and “Rare Experiences” offering everything from F1 laps at Monza to desert glamping in Arabia, Madcap Luxe is redefining how India travels, where adrenaline meets elegance, and every mile tells a story.
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.
