Brands
Tanishq shines bright with Diamonds Do Good honour in Las Vegas
MUMBAI: Tanishq and Mia by Tanishq, the jewellery jewels in the Tata crown, have clinched the prestigious Diamonds Do Good Purpose-Driven Business Leadership Award at the 2025 ceremony held in Las Vegas. The glittering accolade was collected by Titan Co chief executive -jewellery division Ajoy Chawla on behalf of both brands.
Hosted by the Diamonds Do Good Foundation, the awards shine a spotlight on leaders in the natural diamond industry who are setting the global standard for responsible luxury. Tanishq and Mia were lauded for embedding ethics, traceability, sustainability, and community upliftment deep into their supply chain — proving that doing good and doing well can indeed go hand in hand.
Central to this honour is Titan’s Supplier Engagement Protocol (TSEP), a 4P framework covering Place, People, Process, and Planet — with third-party audits and full compliance with the Kimberley Process Certification Scheme (KPCS). The brands also advocate gold exchange to reduce mining impact and have established artisan parks to provide safe, clean and dignified workspaces for India’s legendary karigars.
The brands were especially recognised for:
* Championing full traceability in diamond sourcing
* Uplifting India’s artisan communities
* Driving sustainability from mine to market
* Redefining responsible luxury in the global South
In his acceptance speech, Chawla invoked Tata patriarch Jamsetji Tata, quoting: “In a free enterprise, the community is not just another stakeholder in business but is, in fact, the very purpose of its existence.” He added, “Tanishq is the living expression of that belief — every piece we design is a tribute to the values of those who wear it, and the hands that shape it.”
This win underscores the Tata Group’s commitment to purpose before profit — and Tanishq’s promise that the journey to ‘being good’ is as enduring as the sparkle of a well-cut diamond.
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.
