MAM
Amaron Pro-Racing launches 3rd season of Amaron Karting Challenge
MUMBAI: Amaron Pro Racing, a corporate motorsport initiative of automotive and industrial battery maker Amara Raja Batteries, has announced the launch of the third season of its karting challenge ‘Amaron Karting Challenge Season 3’.
The winner will be rewarded with a scholarship of up to Rs 1 million. The winner will also be nurtured by Amaron Pro Racing Academy with Meco Motorsports to race in the Rotax Max National Karting Championship. Amaron scholarship programme will further support the winner to get into international racing.
AKC Season 3 will target top 300 schools in India with over 150,000 students from 12-16 years inviting them for the action on the track. The entire process of registration and bringing the amateur participants on the tracks will be supported via sustained online contact programme throughout the season including an elaborate school contact programme wherein kids would be educated on the sport.
The company says that this event is the only talent hunt in India that scouts and discovers talent at the grass root level. Amaron Karting Challenge Season 3 will span across 9 locations – Coimbatore, Goa, Mumbai, Delhi, Kolhapur, Chennai, Chandigarh, Bengaluru and Hyderabad. Six participants from each region and a total of 54 racers from across India will compete in the grand finale to be held on 7th February 2011 in Hyderabad.
Amara Raja Batteries MD Jayadev Galla said, “We are extremely proud to bring Amaron Karting Challenge Season 3 to all motorsports enthusiasts of India. Motor sports have always been the bastion of the cr?me de la cr?me but with Amaron Karting Challenge we expect to reach out to masses and see many more winners in times to come. We will strive to discover and support the budding race enthusiasts in scaling national and international motor racing events.”
Amaron Pro Racing head motorsports Mackinlay Barreto commented, “India is all set to arrive as a global motorsports destination. With F1 arriving in India next year, the timing is most appropriate for all young racing enthusiasts from India who dream to make it big in the world of motorsports”.
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.
