MAM
Gautam Adani marks son’s wedding with Rs 10,000 crore donation for social causes
Billionaire industrialist, Gautam Adani has stayed true to his commitment of hosting a simple and traditional wedding for his son, Jeet Adani. Contrary to speculation about a grand celebration, the wedding was understated, aligning with Gautam’s earlier remarks at the Maha Kumbh Mela last month.
Marking the occasion with an extraordinary gesture, Adani has donated Rs 10,000 crore towards various social causes. Sources close to him reveal that his philanthropic priorities align with his guiding philosophy: ‘Seva sadhana hai, seva prarthana hai, aur seva hi parmatma hai’ (Service is devotion, service is prayer, and service is the ultimate divinity).
A significant portion of the donation will be directed towards infrastructure development in healthcare, education, and skill enhancement. The funds are expected to support world-class yet affordable hospitals, medical colleges, K-12 schools, and global skill academies, ensuring access to high-quality education and employment opportunities across all sections of society.
Jeet, son of billionaire industrialist Gautam, tied the knot with Diva, daughter of diamond trader Jaimin Shah, in an intimate ceremony at the Belvedere Club in Ahmedabad’s Adani Shantigram township. The wedding, held this afternoon, was a private affair attended only by close family and friends. Notably absent were politicians, business leaders, diplomats, film stars, and other high-profile figures.
In a heartfelt gesture, Gautam referred to his daughter-in-law as his ‘daughter diva’ in a social media post. His emphasis on simplicity was consistent with his earlier remarks at the Maha Kumbh Mela, where he dismissed speculation of a grand affair, stating, “We are like common people. Jeet came here to take Ma Ganga’s blessings. His marriage will happen in a simple and traditional way.”
Two days before the wedding, Gautam launched Mangal Seva, an initiative to support newly married women with disabilities. Under this programme, 500 women will receive Rs 10 lakh each annually. To mark the launch, Jeet personally met 21 newly married divyang women and their husbands.
Through his Rs 10,000 crore donation and his commitment to social impact, Gautam has redefined personal celebrations, choosing ‘Seva Over Self’. His approach underscores a shift towards meaningful philanthropy, prioritising societal well-being over lavish displays of wealth. NDTV is majority-owned by the Adani Group, which acquired a 64.71 per cent stake in December 2022 through its subsidiary AMG Media Networks.
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.
