MAM
B4U Music, Go 92.5 FM radio support I-Rock 2003
MUMBAI: The eighteenth edition of the annual Independence Rock Show (I-Rock) held in Mumbai’s Rang Bhavan auditorium has found continued support from B4U Music channel and Midday’s Go 92.5 FM radio station. The TV channel and the radio station are the official partners for the second year in a row.
A record crowd of 5,000 plus people attended the first day of the Independence Day Rock Show on 15 August 2003. B4U Music covered the entire event and will be airing special capsules in the near future. Other news channels such as NDTV had also sent their crews to cover the annual event that coincides with the St Xavier’s College annual fest Malhar – held next door at the college premises adjacent to Rang Bhavan.
Power Productions CEO Farhad Wadia, who has been involved with the I-Rock event since the beginning, says that the promotions conducted by B4U Music and Midday’s Go 92.5 FM played in an important role in the “never witnessed before” turnout.
Wadia has also roped in advertisers such as Shaw Wallace, Pepsi, Pepe jeans in addition to rock music magazine RSJ (Rock Street Journal). “In fact, Shaw Wallace is using I-Rock XVIII as the launch platform for its new vodka mix drink (the drink is similar to Bacardi Shots) Veba. Several Indian rock bands participated in the Veba I-Rock contest,” adds Wadia who urged the assembled youth to go out and grab their Veba bottles.
Incidentally, Mumbai-based band Sceptre won top honours at the Veba I-Rock contest held on 15 August. The other bands that performed as part of the contest included names such as Stigmata, Sledge Hammer, Kryptos and Bhoomi.
Pepe did a product placement using another rock band Brahmaa whose band members wore Pepe jeans while performing on stage. The band members also used the I-Rock platform to relaunch their second album.
A giant screen flashed ads of the sponsors at regular intervals – Pepsi’s Bollywood stars Saif Ali Khan-Fardeen Khan – Kareena Kapoor-Preity Zinta’s Pepsi ke liye hum besharam hain series of ads; Pepe’s international “Next Generation” ad, Veba’s “virtual reality” series and B4U Music’s “Jimi Hendrix” promos.
One hopes that the popularity of the event will inspire channels such as MTV and Channel [V] to extend more support to the Indian rock bands.
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.
