MAM
Ashish Sehgal represents The Times Group at Davos, highlights India’s central role in global growth
Switzerland: Ashish Sehgal, CEO of Times TV Network and Chief Growth Officer at Times Media & Entertainment, attended the World Economic Forum in Davos this week, representing The Times Group and engaging with Indian and global leaders on growth, geopolitics, technology, policy, capital, and trust.
In a LinkedIn post, Sehgal reflected on India’s evolving position in the global economy. “Davos reinforced a simple truth: India, with its vast diversity, strong domestic demand, robust digital infrastructure, and expanding opportunities, is no longer just part of the global conversation — it is central to it and has emerged as an anchor economy amid growing geopolitical fragmentation,” he wrote.
Sehgal emphasized the role of Indian media in shaping the narrative of India’s growth story. “Indian media must play a crucial role in telling this story with credibility and scale, reflecting India’s growth, innovation, and aspirations with responsibility and global relevance,” he said.
With over three decades in the media and entertainment industry, Sehgal has led revenue and strategic growth for some of India’s largest media houses, including Zee Entertainment, where he oversaw both broadcast and digital business verticals, sports properties, and innovative revenue streams across multiple platforms. His presence at Davos underscores the increasing influence of Indian media leaders in global conversations around technology, capital, and media innovation.
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.
