MAM
Yamaha Motor India to continue with John Abraham as its brand endorser
MUMBAI: Yamaha Motor India today announced an extension of its association with Bollywood’s heartthrob, versatile actor and biking enthusiast Mr. John Abraham. The company has again renewed its association with the popular youth icon by extending the contract for two more years.
While John will continue to endorse Yamaha’s flagship motorcycle brands, Deepika will simultaneously endorse the scooter section of Yamaha. Yamaha Motors India strongly believes that they will further strengthen the brand appeal of Yamaha’s strong product line-up.
Commenting on the occasion, Mr. Roy Kurian, Vice President – Sales & Marketing, Yamaha Motor India Sales Pvt. Ltd. said, “Our association with John goes back a long way and he has done a commendable job for us. He has been the face of Yamaha since 2005 now. An avid biker himself, John personifies the true DNA of Yamaha which stands for power, speed, ruggedness and great style. Hence, our target audience relates to him and he remains to be the perfect face for Yamaha. We are upbeat about our association with John and are confident that it will catapult the concept of biking in India to an all new level.”
Talking about the association, John Abraham shared, ”I am excited about the association with Yamaha yet again. The company is doing a great job not only by introducing powerful and stylish products but also by its unique initiatives to promote biking/racing in India and spreading awareness on safety.”
John Abraham will also be marking his presence at the Auto Expo 2014 at India Expo Mart, Greater Noida.
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.
