MAM
Titan joins hands with Marvel to launch Iron Man 3 Watches
BENGALURU: Zoop, the children’s brand of watches from Titan Industries Limited, has joined hands with Marvel Comics Group. With this collaboration Zoop will launch Iron Man 3 collection that is inspired by the popular character in the Marvel Studio feature.
Speaking about the association, Titan & Retail, VP, Ajoy Chawla said, “To connect with kids it’s important to be a part of their world. Zoop’s proposition ‘Be Cool’, its many exciting collections and this latest association with Marvel is an attempt to be true to this philosophy. This unique association with global brands like Marvel will present to our little consumers a range of exciting products that are inspired by their favourite Superheroes.”
“Iron Man, one of Marvel‘s most iconic characters resonates with families and the kids’ audiences alike. This year, to bring the theatrical experience alive, we have launched an exciting range of products inspired by Iron Man and giving the India fans an amazing opportunity to own products that features their favourite Super Hero”, said Disney UTV, Consumer Products and Retail, MD, Roshini Bakshi.
Zoop looks to take advantage of the new Iron Man release and hopes this would attract the kids to grab this opportunity of owning this new range. The collection priced at Rs 895 comprises of eight special edition watches for young boys and girls, in bold colours of red, blue & yellow.
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.
