MAM
Yahoo! India turns 5; completes half a decade of operations in India
MUMBAI: Yahoo! India today turned five and is among a handful of survivors of the dotcom bust, completing five years of operations in India. The dotcom major claims over 30 ++ million registrations from India with a huge clientele of online advertisers across sectors and a robust mobile business promoted through the shortcode 8243.
To celebrate this milestone, Yahoo! India has urged its Indian online consumers to express what Yahoo! means to them. The best responses will be selected and sent a special Yahoo! Goodie Box .
Says Yahoo! India country general manager Neville Taraporewalla, “Our entry in India coincided with the dotcom melt down, but then Yahoo! was certainly not just another company. It had founders who had humble beginnings, had the passion and most important had the vision to hire a team to make their idea a success. We built Yahoo! India brick by brick after the 2002 restructuring in a market where the penetration was poor. We innovated, found out alternate revenue streams and today as I speak, we have successfully created a community of Yahooligans in India. Globally, if Yahoo! were a country, we would be the third largest nation in the world with over 374 million consumers across the globe.”
The latest IMRB report showed Yahoo! as having the highest awareness amongst Internet users in India. As per the survey, Yahoo! scored a whopping 60 per cent on awareness.
In the fray and waiting to roll is a major new advertising campaign for Yahoo! India Mail and Yahoo! India Mobile, to promote the introduction of new product features of these services.
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.
