MAM
The Quint Bags 2 Top Awards at Foxglove Awards 2018
MUMBAI: Digital news platform The Quint (www.thequint.com, hindi.thequint.com) has won two top awards at the Foxglove Awards, 2018 held at Hard Rock Café, Worli, in Mumbai on 7th June. The Quint was recognised for its pioneering work in digital news and media distribution, winning a Gold for ‘Best Native Advertising’ and a Bronze in the ‘Best News and Features Website’ categories.
The Quint, in the last 3 years, has been the fastest growing digital-first new platform in the country. It had a very successful run in 2017, when it won three Golds and two Silvers at the South Asian Digital Media Awards. In the same year, it also picked up a total of eight awards at the Digipub Awards. It started off the current year on a high too, bagging seven awards at the Vdonxt Awards, presented by Adobe. Started in 2015, with the primary objective of recognising great work from young agencies and publishers, the Foxglove Awards have had over 200 ad agencies and publishers as participants in the last 3 years.
“Every award that The Quint wins, is not just a recognition for our work but also an encouragement to stay ahead of the digital curve. With the industry coming to terms with the future of digital news dissemination, The Quint – as the fastest growing digital-first news platform – is poised to continue leading the trend instead of following it”, says Ritu Kapur, CEO and co-founder of The Quint.
The Quint offers a compelling combination of content with topics ranging from politics to sports and entertainment. Strong, innovative videos and immersive content formats are one of The Quint’s big offerings. Since its inception, the digital platform has successfully created strong connections with its viewers and has consistently been on a growth trajectory. In a span of three years, The Quint has earned the trust of some of the top global and local brands who have chosen to advertise on the platform.
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.
