MAM
Yahoo! India, Shaadi.com launch matrimony channel
MUMBAI: Yahoo! India, the leading Internet communications and media company, has tied up with online matrimonial facilitator Shaadi.com to launch a host of wedding and allied services on a channel called India Matrimony hosted on www.yahoo.co.in.
The exclusive channel will provide services such as online search for life partner, matching horoscopes, planning wedding and honeymoon.
Announcing this alliance, Yahoo! India sales and business development director Neville Taraporewalla says: “This ‘marriage’ is a big occasion for the two partners who have been associated with each other since quite some time. Yahoo! India has been a successful online platform for matrimonial advertisers in the last two years. The completely integrated channel Yahoo! India Matrimony will give our 29 million registered users a one-stop opportunity to find one’s life partner.”
Shaadi.com’s holding company Mittal Media chairman and CEO Anupam Mittal adds: “The tie-up has great potential for us since we would now be directly accessible to 29 million registered Yahoo! India users – up from one million users registered on Shaadi.com.Shaadi.com’s tie-ups for wedding merchandise and ancillary services like bridal attire, marriage halls, wedding halls, jewellery, travel amongst others will add extended value to the online partnership.”
Speaking about the fate of online properties in the face of the a general meltdown and recession, Yahoo! India’s Taraporewalla says: “This year 2003 – the fourth year of existence – has been a good year for us and we have seen a remarkable turnaround. We also underwent a restructuring process. However, I am not at liberty to reveal revenue figures as it is part of the parent company’s consolidated financials.”
Yahoo! India has recently launched its marketing solutions centre to provide advertisers with a wide range of marketing solutions and tools on the Yahoo! network. The centre is divided into three sections: Campaign tools, Advertising tools and Yahoo! tools. The Yahoo! India Mobile short-code 8243 can be accessed across the nation and has a reach of seven million mobile subscribers. Brands like Cadbury’s, Pepsi, Kinetic and BBC have taken advantage of the integrated marketing programmes.
Mittal also refused to divulge details of the agreement between Shaadi.com and Yahoo! India. Speaking about the premium membership details, Mittal elaborates: “Most of our services are free and we have facilitated 25,000 marriage alliances till date. However, when registered members seek premium membership we charge them Rs 1,000 for three months, Rs 1,650 for six months, Rs 2,750 for a year.”
Such alliances indicate that the Internet has emerged as a truly potent matchmaker in the Indian context.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
