MAM
Bharat Ranga elevated from ad sales to business head Zee Cinema, Music
MUMBAI: Bharat Ranga, ad sales head of Zee Cinema and Zee Music, has been elevated to the position of business head of the two channels.
Additionally, his portfolio will also include responsibility as the business head of the three new cable launches Premier, Classic and Action Cinema that Zee has just launched. The three channels were earlier exclusive to Zee’s DTH platform, Dish TV.
With the appointment of Ranga, Zee Telefilms director, special projects Yogesh Radhakrishnan will no longer be looking after the day to day business affairs of these channels. He will now be focussing on international assignments including setting up business base in Dubai media city and the ambitious Zee Cine awards.
An old hand at Zee, Ranga had joined Zee Telefilms in March 1998. With the right mix of media and consumer durable experience, he was handling the sales and marketing of Zee Records. He was instrumental in organising the Zee Cine Awards in its inaugural year 1999-2000. During the same time he also handled the film and music advertising exposure business for the entire network, inform company sources.
In 2002, he took charge as ad-sales head of Zee Cinema and Zee Music.
A postgraduate in business management from the University of Ajmer, Ranga has earlier had stints with The Times of India and Usha International as regional sales manager.
Despite numerous efforts, Ranga could not be contacted for his comments at the time of filing this report.
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.
