MAM
CAA Kwan bags Bollywood biggie Akshay Kumar
MUMBAI: Bollywood superstar Akshay Kumar is definitely a good name to have on any talent management agency‘s roster. Akshay has had strong brand associations with the likes of Thums Up, Dollar and Signature. This apart he has also anchored shows on Hindi GEC Colors such as Fear Factor: Khatron Ke Khiladi and helped build its connect with audiences when it was launched five years ago.
Now Akshay has signed entertainment & marketing management firm CAA Kwan as his brand custodian and exclusive representative.
Akshay joins other Bollywood talents such as Ranbir Kapoor, Deepika Padukone, Freida Pinto who are managed by CAA Kwan. The representation covers endorsements and live appearances, in India and internationally.
Says Akshay: “I have known of Anirban and the team‘s abilities at CAA Kwan for quite some time now. After having already worked with them, I was glad to have them represent me for my commercial work and manage my work behind the scenes while I focus on and give my work in front of the camera my all.”
Adds CAA Kwan managing partner Anirban Das Blah: “Akshay Kumar is one of the biggest stars in the country. Having delivered the maximum number of super-hits over the last 10 years, it is an honour to have a global icon who stands for success, integrity and perseverance. He exudes warmth and humility, has a strong pan India appeal, effortless style and a bank of blockbusters to vouch for his unmatched talent. It has always been a pleasure to work with him in the past and we are now looking forward to take this relationship to the next level as his exclusive agents in the brand and appearance market.”
While no numbers were available on how much the deal would be worth, Forbes India had earlier this year estimated that Akshay Kumar earned Rs 179.85 crore in 2012. A substantial part of this income came from endorsements and live appearances. This apart he is the highest tax payer in Bollywood.
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.
