MAM
The Big Stack Poker University joins hands with 9Stacks to produce professional poker players
The Big Stack, India’s first ever poker university, has collaborated with another gaming giant 9stacks to revolutionize the world of poker in their own unique way. With this partnership the aspiring poker players in the country will get a dedicated platform to acquire all the inimitable skills required to stand as a poker pro in the industry.
As a part of this tie-up, The Big Stack will play the role of training the poker enthusiasts on its eccentric platform packed with all inclusive and in-depth knowledge of the game. Whereas, 9stacks will offer the training ground/platform where these poker students can try and test their skills thereby turning into polished and refined poker players. This partnership intends to develop and bring forth the hidden talent spread across various parts of the country.
Rai Sahib Singh Khurana, Founder and CEO, The Big Stack said, “We are extremely delighted to announce our partnership with 9stack and are confident that our association will certainly revolutionize the world of poker. This first of its kind collaboration will help elevate the standard of poker in the country and will also give a boost to our business. We believe India as a market, holds huge potential for poker to emerge as a mainstream sport and we are all geared up to reap the benefits of the huge opportunity hidden in the industry.”
Under this endeavor, all students trained on The Big Stack platform will get Rs.2500 free to play on 9stacks and gain the required skills pertaining to poker. Both The Big Stack and 9Stacks will run cross promotions on their respective platforms by strategically placing “Learn” & “Play” links respectively. Besides, 9stacks will additionally offer Rs.15000 to the pokerlearners who will enroll under personalized coaching package on The Big Stack.
Sudhir Kamath, CEO & Co-founder of 9stacks, added, "We started 9stacks with the aim of taking poker to millions of new players across India. In the Big Stack Poker University, we're glad to have found a partner who shares the same mindset. At present we will start with a few hundred enthusiastic new poker players, but we're confident this will scale up manifold in the coming months and years. Further, by making the course entirely online and video-based with an added dash of testing and competition, I think they've cracked the code on designing an inherently scalable solution. I wish all the best to the Big Stack team in this much-needed endeavour."
The renowned poker platform 9stacks will also empower coaches from The Big Stack, by offering them meganonredeemable cash money for them to play and do hand history sessions, which will be recorded and made available for all students of the BigStack, the innovative training place for poker players.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
