Brands
Xiaomi India retains smartphone market leadership in Q1 2018
MUMBAI: Xiaomi India continued to lead the Indian smartphone market as per IDC’s quarterly mobile phone tracker in Q1 2018. Xiaomi retained its top smartphone brand position with a substantial 30.3 per cent market share, widening the gap between itself and the number 2 smartphone brand. Xiaomi also continued its dominance in the online smartphone market with 59.6 per cent market share. The popularity of Redmi Note 5 and Redmi 5A and Xiaomi’s efforts in expanding its offline presence are key contributors for Xiaomi’s growth in the smartphone market.
Xiaomi India vice president and managing director Manu Jain says, “All the success which Xiaomi enjoys today is proof of the love we have received from millions of our Mi fans. We are thankful to each and every one of them for putting their faith in us and we promise to work hard to retain it. Xiaomi will strive to deliver on its philosophy towards providing high quality innovative technology at an honest price and bring the best of technology to everyone.”
True to its unconventional spirit, Xiaomi India released a unique video. With Xiaomi’s sales continuing to gain momentum, the video gives viewers a series of quirky insights on the vast scale of its smartphone sales in India over the last 3.5 years. The video aptly summarises the incredible scale of Xiaomi’s impact of smartphone sales, making quality and innovation available to everyone.
The video was conceptualised by the brand marketing team of Xiaomi India led by Karan Shroff, brand marketing lead, Xiaomi India and created by Schbang Digital Solutions. For example, if all Xiaomi phones sold were stacked together, it would run 25 times deeper than the depth of Mariana trench, world’s deepest oceanic trench at 10,994 meters and 35 times the height of Mount Everest at 8848 meters. The total weight of all Xiaomi phones sold measure 25 times more than the recorded weight of a blue whale. The video shares a similar fun fact on how the charge from batteries of all Xiaomi phones sold could easily light up the Burj Khalifa for as long as five days, which would stand as a distant dream to many other phone brands. This also highlights the powerful battery life that most Xiaomi smartphones are known for. With its highly engaging content, this video certainly leaves viewers with some great food for thought. Interesting facts like these indicate Xiaomi’s rapid success and growing positive outreach across the country.
Xiaomi was founded in 2010 by serial entrepreneur Lei Jun. With presence in over 70 countries and regions, Xiaomi is expanding its footprint across the world to become a global brand.
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.
