Brands
Sony Yay! partners with India Kids Fashion Week
MUMBAI: Sony Yay!, the newest offering from Sony Pictures Networks India, has partnered with the latest edition of the India Kids Fashion Week as the official kids channel partner.
The channel promises to be the ultimate happiness destination for kids and with its association with IKFW will bring another opportunity to spread smiles and inspiration in their young audiences’ life. As the official kids channel partner, Sony Yay! will air the Mumbai & Delhi shows that are scheduled for 29 and 30 July at Radisson Blu, Dwarka, New Delhi, and 12 and 13 August at the Lalit, Mumbai.
In addition, the toons from the channel’s original offerings – Guru AurBhole will also engage and walk the ramp with the kids at the fashion show.
Since its inception, Sony Yay! has been trying to connect with its target audience (age group 2-14 years) through various initiatives. The channel aims to give the kids a good laugh and huge doses of unadulterated entertainment in an environment that allows them to be themselves without any worry, which is in line with the objective of India Kids Fashion Week as well. The platform seeks to create a significant mark on the international kids fashion industry while providing a platform for nurturing individual identities of young designers with the potential to be future leaders and role models.
IKFW, an initiative of Event Capital (A Laqshya Media Group Company) and Craftworld Events, has made a glorious impact on the nation’s fashion week calendar and aims to be bigger and better, fostering qualitative opportunities for both designers to showcase their creativity and kids to showcase their innate awesomeness in its 5th edition.
Craftworld Events director Manoj Mahla said, “We are glad to partner with Sony Yay!. The channel came as a natural fit for India Kids Fashion Week. Together we aim to make IKFW bigger and better this year.”
Sony Yay! business head Leena Lele Dutta added, “India Kids Fashion Week is the biggest platform for kids fashion industry. We are glad to be associated with them. Our constant endeavour has been to reach out to kids all across the nation and we are always on the lookout for partners who can help us achieve this. Our aim is to be the unlimited happiness destination for kids and together, with India Kids Fashion Week, we want to give the kids an opportunity for them to be themselves.”
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.
