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Synology-Toshiba shake hands, put all their eggs in strategic basket
MUMBAI: Ever heard of putting your data safely in a basket? Synology and Toshiba just agreed it’s safer to put their eggs—or rather, bytes—in one very secure basket. Think Batman and Robin, but for enterprise storage solutions. Yes, this duo is here to prove two heads (and a few terabytes) are indeed better than one.
On 19 March 2025, Synology and Toshiba Electronic Components Taiwan Corporation formalised their long-standing collaboration by signing a memorandum of understanding (MoU). The agreement outlines plans for deepened cooperation, structured intellectual property management, and further market expansion.
Why the big fuss? Because Synology and Toshiba have already been quietly revolutionising enterprise storage, enhancing system stability, and performance through shared tech initiatives. This MoU isn’t just paperwork—it’s a roadmap to making enterprise data storage cooler (and way more efficient).
Toshiba’s storage products sales & marketing division general manager, Atsushi Toyama said, “Synology is one of Toshiba’s most significant and long-standing partners in the Asia-Pacific region. This collaboration enables us to leverage our combined expertise to create greater value for our customers.”
Synology chairman & CEO Philip Wong added, “Toshiba has been a key strategic partner of Synology for years. We look forward to deepening our collaboration and delivering even more advanced storage and data management solutions that exceed our customers’ expectations.”
So, enterprise customers, rest easy—your storage superheroes just teamed up officially. Batman and Robin? Old news. Synology and Toshiba? Now that’s a dynamic duo worth storing away.
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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.
