MAM
Ekta Kapoor emerges as ‘Entertainment Industry Icon’ in Ormax’s survey
MUMBAI: Balaji Telefilms’ joint managing director and soap queen Ekta Kapoor has been voted as the Entertainment Industry Icon of 2011, in a Decision Makers Survey conducted by Ormax Media, as a part of their year-end report Front Page 2011.
The survey was conducted amongst decision makers and influencers in the media business – senior advertisers, media planners and media journalists.
The respondents were asked to choose one person from the entertainment industry who, according to them, made the maximum impact in 2011. A staggering 46 per cent of them voted for Kapoor. She was chosen for experimenting with unconventional genres in films like The Dirty Picture, Shor In The City and Ragini MMS, and also for providing Sony a much-awaited fiction hit in Bade Achhe Lagte Hain.
Balaji Telefilms’ winning streak continues with her film The Dirty Picture also emerging as the clear leader in The Most Trendsetting Film of 2011 in the survey. The film dominated this category with a 45 per cent share. It was followed by Delhi Belly and No One Killed Jessica on the second and third positions, with 28 per cent and 12 per cent share respectively.
The Dirty Picture was chosen as the most trendsetting film for its bold portrayal of a sexually explicit theme, including the lead actress breaking the norms set for conventional Bollywood heroines.
Speaking about the survey, Ormax Media CEO Shailesh Kapoor said: “The Decision Makers Survey was done to understand the views of senior industry experts on the best of 2011. Balaji Telefilms had a remarkable year in 2011, and it is not surprising that they take the top position in two categories.”
Detailed results of the Decision Makers Survey will be available in the Front Page 2011 report, which be released in the first week of February 2012.
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.
