MAM
Vodafone sponsors Mumbai’s Bandra festival
MUMBAI: Global telecom company, Vodafone is sponsoring ‘Celebrate Bandra‘ the quintessential festival that residents of Bandra celebrate once in two years.
This year, the festival is being celebrated till 27 November.
The festival consists of performances by various bands, theatre by Naseeruddin Shah‘s theatre company, Motley, a food festival, a literature festival, a film festival, a dance festival and a photography exhibition among others; held at different vantage locations all over Bandra.
Vodafone is using balloons to communicate the thrill of this celebration. Colourful characters and objects of the typical people encountered in Bandra have been made using balloons. These are used on the ground as installations as well as in printed formats as billboards and press ads.
Renowned balloon sculptor and artist Larry Moss from the balloon art company ‘Airigami‘ in New York is commissioned for the job.
Brands
Tata Consumer Products faces Rs 98 crore tax demand
Income tax authorities raise significant demand for the 2022-23 financial year
MUMBAI: Tata Consumer Products Limited has received an assessment order from the income tax department involving a substantial financial demand. The order, issued by the assistant commissioner of income tax in Kolkata, was received by the company on 13 March 2026. It follows an audit of the income tax returns filed for the 2022-23 financial year, during which the assessing officer made specific additions and disallowances to the company’s reported income.
The total demand raised by the authorities amounts to Rs 98,03,33,930, a figure that includes both the principal tax amount and accrued interest. This disclosure was made by the company’s company secretary & compliance officer, delnaz dara harda, in a formal filing to the National Stock Exchange and BSE Limited on 14 March 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In response to the order, Tata Consumer Products has stated that it believes the demand is not maintainable under current law. The management has confirmed that the company is currently in the process of filing an appeal against the assessment. Furthermore, the company clarified that there is no immediate impact on its current financial standing, operations, or other corporate activities resulting from this specific order.
