Brands
Yes Bank initiates Facebook at work for its employees
MUMBAI: Yes Bank, India’s 5 largest private sector Bank has partnered with Facebook at Work to roll out the platform to all its 15,000+ employees. Facebook at Work is a business version of Facebook that allows companies to build more productive, efficient and collaborative workplaces. It is easy-to-use, secure and available on desktop and mobile devices. Facebook at Work has a look and feel similar to that of Facebook and therefore making it easier for Yes Bank’s employees to leverage the features to increase productivity and communication among multiple teams. Yes Bank is the First Bank in India to implement Facebook at Work for its employees.
Yes Bank MD and CEO Rana Kapoor said, “Yes Bank has been a pioneer in adoption of technology as well as on Social media channels. Collaboration and exchange of ideas at the work-place is the key to drive motivation, and Facebook at Work is a powerful platform which allow every Yes Banker to visualize, strategize and actualize in a collaborative environment.”
Yes Bank will be using the Facebook at Work solution to improve the communication flow within the organization thereby helping to increase the agility in business-critical decision making as well as strengthening the working relationships and engagement across multiple teams in the Bank.
In line with its Design Driven organizational structure, Yes Bank has always placed immense emphasis on strong ‘Internal Communication’ and Facebook at Work provides a simple and innovative way to increase productivity, foster employee engagement and enable all employees within the Bank to be focussed on
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.
