Brands
Spykar joins Knot Now with 60-minute delivery for youth-driven fashion
MUMBAI: Spykar, one of India’s leading homegrown denim and fashion brands, has gone live on Knot Now, the rapid-commerce platform specialising in lifestyle and fashion. The tie-up gives customers in Mumbai and Thane access to Spykar’s collections delivered within 60 minutes, strengthening the brand’s digital reach under its Daur Apna Hai campaign.
The move aims to tap India’s growing appetite for impulse fashion purchases, last-minute outfit needs and quick wardrobe updates. With real-time order tracking and efficient last-mile logistics, Knot Now positions Spykar among the first premium labels to offer near-instant delivery in the category.
Spykar co-founder and chief executive Sanjay Vakharia, said the partnership aligns with the brand’s mission to serve young India. “By leveraging Knot Now’s dynamic ecosystem, we aim to expand reach, deepen engagement and strengthen our community of trend-forward consumers,” he said.
Founded in 1992, Spykar has built its reputation on youthful, edgy design and innovation in denim. Its portfolio spans jeans, tops, jackets and accessories, crafted for India’s new-generation shoppers.
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.
