Brands
TSS dishes out a festive feast of cookware and toys this Diwali
MUMBAI: This Diwali, The Stone Sapphire India Pvt. Ltd. (TSS) is laying out a spread of innovation, celebration and everyday magic and it’s all wrapped up in a shiny new product lineup across homeware and toys. Whether you’re hosting a grand family dinner or chasing superheroes around the living room, TSS has something that might just become the talk of your Diwali gathering.
Leading the charge is Corelle, the globally loved dinnerware brand, which is offering a never-before festive deal on its iconic dinner sets. Priced from Rs 6,599 onwards, this is the first time Corelle has dropped its price tags in India and it’s doing so to support good old-fashioned in-store shopping. While online discounts continue to battle for attention, TSS is taking a stand for traditional retailers, encouraging consumers to rediscover the joy of festive browsing in their local markets. With elegant designs, unbeatable durability, and that signature lightweight feel, Corelle dinner sets are now easier to gift or keep than ever before.
But it’s not just the table getting a glow-up. Corelle is also setting new standards in the kitchen with the launch of Duranano: the world’s only uncoated non-stick cookware. Crafted using patented Nano Technology and made from 100 per cent pure stainless steel, Duranano skips the chemical coatings altogether. The result? Cookware that’s 1.5 million times more abrasion-resistant and 3.5 times tougher than your regular stainless steel pans. It’s the kind of gear that says “I care about your health” while still making sure your festive ladoos don’t stick. In a season where indulgence is inevitable, Duranano makes a strong case for clean, conscious cooking, without taking the fun out of frying.
Over in toy territory, TSS’s homegrown brand Skoodle is giving Diwali gifting a superhero-sized upgrade. Enter the Marvel RC cars & bikes series, featuring officially licensed designs that bring the action straight to your living room. From rugged monster trucks to sleek superhero bikes, these remote-controlled rides combine speed, style and storylines kids already love. Whether you’re shopping for a young fan or secretly hoping for a go at the controls yourself, this range promises festive excitement with every rev of the engine.
Speaking about the launches, TSS managing director and CEO Shobhit Singh summed up the season’s spirit, “This Diwali, our focus is on innovation with purpose, introducing products that enhance everyday living while supporting India’s trusted retail ecosystem.” It’s a sentiment that runs through every offering in the TSS catalogue this year, thoughtful, well-crafted and rooted in real-world usefulness, but with just enough sparkle to feel special.
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.
