MAM
Asianet COO Mohan Nair quits, joining Maharaja Television as CEO
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MUMBAI: After six years at the helm, Malayalam language network Asianet’s COO Mohan Nair is moving on. Nair, who put in his papers last week, is joining Sri Lanka’s Maharaja Television Channel Pvt Ltd (MTVC) as chief executive from 3 October. |
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At MTVC, Nair will have overall charge of the three entertainment channels that constitute the network. MTVC runs three terrestrial television channels — MTV, Sirasa and Shakthi — in Sri Lanka. While Sirasa is a Sinhalese channel, Shakthi targets the Tamil segment. |
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Confirming the development to indiantelevision.com, Nair said, “I have achieved what I set out to do in Asianet. I now look forward to the fresh challenges that heading a terrestrial network in Sri Lanka offers me.” It was on Nair’s watch that Asianet went from being a single channel network to a three channel one. 
Before moving to Asianet as COO in mid-1999, Nair was senior editor and chief of bureau of leading pink paper The Economic Times. |
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.
