MAM
Samsung to standardise LCD panels for mass TV market
MUMBAI: Samsung Electronics, which claims to be the world’s largest provider of thin-film transistor liquid crystal display (LCD) panels is accelerating its plans to standardise on 40″ and 46″ LCD panels for the mass TV market.
Rallying behind the 40″ and 46″ sizes, Samsung will begin installing critical equipment at a new LCD production line, Line 7-2, to produce a glass substrate identical to the one at its nearby joint venture (S-LCD) production facility with Sony Corporation.
By replicating the substrate size (1870 x 2200 mm) of the S-LCD (Line 7-1) Line, the company is moving aggressively to assume a strong leadership position in large LCD panel supply worldwide through standardization of high definition LCD TVs targeting living room environments.
The 1870 x 2200 mm substrate is ideally suited for 40″ and 46″ TV panels. From a single plate, eight 40″ panels or six 46″ panels can be produced simultaneously. By committing to standardized state-of–the art 7G production, Samsung expects not only to lead standardisation of the large LCD TV market, including 40″ and 46″ TV panel sizes, but also to quicken its pace into a full-scale sales expansion.
With its embrace of 40″ and 46″ LCD TV sizes, Samsung is well positioned to provide a stable supply for its growing customer base, which demands high-quality, large LCD TV panels at very competitive price points. The company plans to begin mass production at Line 7-2, optimized for 40″ and 46″ LCD TV panels, in April 2006. When fully ramped, Line 7-2 will produce 45,000 sheets per month.
The new line, which will cost approximately $ 975 million to build, consists of a FAB facility area of 300,000 square meters and a module facility area of 93,000 square meters.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
