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Dushyant Khare joins Morgan Stanley as director in bengaluru
MUMBAI: Dushyant Khare has stepped into a new chapter of his professional journey with his appointment as director at Morgan Stanley, strengthening the global financial major’s technology leadership bench in India.
Based in Bengaluru, Khare takes on the role at a time when technology sits firmly at the heart of modern financial services. At Morgan Stanley, he is expected to steer complex application and technology initiatives, drawing on deep technical expertise and a track record of delivering at scale across global operations.
Khare joins the firm from HCLTech, where he served as a consultant and subject matter expert in DB2 and AWS Cloud. His work spanned data replication, database administration and cloud driven transformation projects, placing him at the intersection of reliability and innovation.
Before HCLTech, he spent over three years at IBM, progressing from application developer to senior application architect. During this period, he worked extensively on enterprise grade applications, combining strong foundations in SQL and the .NET framework with modern architectural thinking.
His professional journey began at Infosys, where he rose from system engineer to senior system engineer, building core expertise in databases, Linux and agile methodologies across delivery centres in Chennai and Gurugram.
With experience that bridges consulting, architecture and hands-on engineering, Khare’s move to Morgan Stanley marks a notable milestone. It also reflects the growing importance of seasoned technology leaders in shaping the future of global financial institutions, where code, cloud and capital increasingly move in lockstep.
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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.
