Brands
Batt:RE signs partnership deal with Royal Challengers Bangalore
Mumbai: Electric scooters manufacturer Batt:RE has announced its partnership with the T20 team Royal Challengers Bangalore (RCB) as its official ‘EV partner’ for the ongoing 2022 season. The association will include a distribution of signed team merchandise and memorabilia along with jerseys and bats, it said on Tuesday.
“Royal Challengers Bangalore has garnered a lineage of cricket enthusiasts from every demographic who have become a part of the RCB family,” said Batt:RE founder and director Nishchal Chaudhary. “Our vision is to foster relations with the brand while building a rapport with their fans by conveying the message of a greener tomorrow. Through this strategic partnership, we hope to widen our horizons to a larger discerning audience who share our passion for cleaner mobility.”
“An exciting lottery draw will be held wherein Batt:RE customers stand a chance to win exciting goodies. In addition to this, the association between Batt:RE and RCB presence will be felt in official communications through print and digital mediums. The partnership will also feature the Batt:RE logo on all sponsor panels, the official RCB website, and their team bus and car,” said the company in a statement.
“We are delighted to partner with Batt:RE in their efforts towards driving a positive environmental impact. RCB has always been a conscious brand about the environment and sustainability and is proud to collaborate with brands who share the same ethos,” commented Royal Challengers Bangalore VP and head Rajesh Menon.
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.
