Brands
Spykar added contemporary flair to Bollywood Music Project with style partnership
Mumbai: Spykar, a leading fashion brand known for its contemporary and stylish clothing, was proud to announce its association as the Style Partner Sponsor for the highly-anticipated Bollywood Music Project Edition 5.0. As Bollywood Music Festival, the event promised to bring together Bollywood enthusiasts from across the country for an immersive musical experience.
The event took place from 3 to 4 November 2023, at the prestigious Jio World Garden in Mumbai. Bollywood Music Project (BMP) Edition 5.0 was a grand celebration of India’s vibrant and diverse musical culture, showcasing an extensive lineup of renowned playback singers, music composers, and instrumentalists. Notably, the event featured a special photo booth for Spykar at Bollywood Music Project, complete with its exclusive hashtag, #stylespotted.
BMP had become a hallmark event for all lovers of Bollywood music, aiming to create an unforgettable experience for attendees. Spykar’s association as the Style Partner Sponsor added a touch of contemporary fashion to the musical extravaganza. This partnership showed that Spykar was committed to understanding and connecting with the culture of the nation, and the brand was excited to bring its unique style and energy to the event.
“We were thrilled to be a part of Bollywood Music Project Edition 5.0 as the Style Partner Sponsor. Bollywood music is not just a genre; it’s an integral part of our cultural fabric, and it is only fitting that Spykar, a brand known for its contemporary style, was a part of this celebration,” said Spykar CEO Sanjay Vakharia.
“We believed that style and music went hand in hand, and this partnership was a testament to our commitment to offer our customers a complete lifestyle experience. BMP was known for its grandeur, and we were looking forward to adding our stylish touch to this magnificent event,” he continued. Experiencing the future of fashion with our new collection featuring forward-thinking designs and prints, Spykar was set to redefine the boundaries of style and inspire the “Young & Restless” generation of today.
As the style partner sponsor, Spykar delighted festival attendees with exciting surprises and memorable experiences. Attendees could look forward to exclusive Spykar merchandise, interactive style zones, and special contests, ensuring that the fashion brand’s presence at BMP was a memorable one. With the association of Spykar, Bollywood Music Project Edition 5.0 was an even more exceptional event. It invited all Bollywood music enthusiasts to come together, celebrate, and experience India’s biggest Bollywood Dhamaal.
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.
