MAM
Anupriya Acharya to head The Media Edge, Gupta heads overseas
MUMBAI: The Media Edge (TME) will see a change of leadership from 1 March, 2005. Anupriya Acharya will join TME as president, taking over from Divya Gupta who has been heading TME since its inception in 1999.
Gupta will be relocating out of India on an international assignment.
Acharya joins TME from Group M where she set up M Consult, Group M’s foray into marketing communications consultancy.
Having led TME since its inception, Gupta has provided consistently effective leadership for the agency’s growth. Under her stewardship, TME has grown to be one of the largest, most professional and well-respected media houses in India.
Gupta will be with TME for the time needed to ensure a smooth handover to Anupriya, the company has stated.
Acharya was with Mindshare Fulcrum from 2000 to 2004 and brings with her significant experience in strategic planning and buying.
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.
