Brands
Titan & Tanishq attain coveted Well-Known Trademark status
Mumbai: Titan Company Ltd, a lifestyle company, announced that Titan Company and Tanishq, have achieved the prestigious ‘Well-Known Trademark’ status through the Indian Trademark Registry, as per the provisions of the Trademarks Act of 1999. According to the act, a mark attains this distinction when it is widely recognized by a substantial segment of the public utilizing the associated goods or services.
A well-known trademark is a mark which is widely popular and recognised by the public for any goods/services and such trademarks can be protected specifically against infringement by third parties, even for different goods/services.
This accolade propels Titan and Tanishq into an elite league, alongside esteemed entities such as TATA, TCS, TELCO, and Croma. Titan Company Ltd general counsel & company secretary Dinesh Shetty said, “This accomplishment is not just a feather in our cap but also a testament to our commitment to consumers. Securing a well-known mark not only fortifies legal protection against infringement but also marks a pivotal moment for Titan as we expand our global footprint. This is about making a resounding impact in all the sectors we are present in, posing formidable competition on the international stage.”
The advantages of registering as a well-known mark are multifaceted, offering a distinct brand identity and bolstering brand value. Additionally, it opens avenues for lucrative licensing and franchising opportunities.
Dinesh Shetty added, “This achievement not only reinforces our commitment to excellence but also solidifies our reputation as a brand that prioritizes consumer trust. It’s a significant stride towards delivering unparalleled service.”
Safir Anand, senior partner at Anand and Anand, who worked on the procuring this well-known designation states, “It is rare for a company to have a well-known trademark declaration as the process goes through a stringent scrutiny of evidence on the Trademarks Register and basis contentions and association, and Titan has accomplished a double bonanza. This itself shows the unique ability of the company in the future to develop extremely strong and enforceable brands with a huge monetary value.”
Titan Company Ltd continues to set new benchmarks in the industry, with the ‘Well-Known Trademark’ designation serving as a testament to its unwavering commitment to innovation, quality, and global excellence. As Titan and Tanishq ascend to new heights, consumers can expect nothing short of exceptional products and services from these distinguished brands.
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.
