MAM
Former US President Bill Clinton to deliver 2007 Promax/BDA keynote
MUMBAI: US media and marketing organisation Promax/BDA has announced former US President Bill Clinton as the keynote speaker for the organisation’s annual conference this June in New York City.
Regarded as one of the best communicators in modern history and global politics, Clinton’s unique ability to engage his audience and create an emotional connection between the listener and the issue is a talent coveted by today’s marketers in electronic media. Clinton’s understanding of the changing media landscape and his ability to construct a message in a way that fully utilizes the medium delivering it is also of great interest and importance to the Promax/BDA membership.
Promax/BDA chairman Michael Benson who is also ABC Entertainment’s executive VP, marketing says, “We are pleased and honored by the opportunity to host President Bill Clinton as our keynote speaker this year. Our membership will certainly benefit from President Clinton’s experience and wisdom as a prominent world leader and respected statesman as well as from his efforts inspiring humanitarianism around the globe.
“As an organisation dedicated to furthering the roles of our members as the world’s foremost television marketers, what better example to provide to them than this global communicator whose vision and accomplishments, both during his presidency and beyond, have touched billions.”
Promax/BDA will hold its 52nd annual North American conference from 12-14 June 2007 in New York. The event, which attracts television marketers and designers from all over the world, has previously featured such respected and well-known speakers as Anderson Cooper, Larry King, Robert Kennedy Jr. and former Speaker of the House Newt Gingrich, among others. President Clinton is the first former president to address members of Pormax/BDA.
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.
