MAM
Economic Times’ Sanjay Sindhwani is new digital CEO of Indian Express
MUMBAI: Indian Express Online Media Services, the digital arm of The Indian Express Group, has appointed Sanjay Sindhwani as its CEO. Sindhwani comes from The Economic Times, where he was VP-digital products and business head. He will report to group CEO George Varghese.
He replaces Durga Raghunath who had resigned last December.
The Indian Express Group executive editor Anant Goenka welcomed Sindhwani saying that he has known Sindhwani for close to three years and has also learned from him. In an email to the employees, Goenka wrote, “Sanjay joins us at the beginning of a year when public trust in the news media has hit an all-time low and when recognized news media brands are often being baited and are getting caught picking political sides.”
Sindhwani has spent 24 of his 25-year career in the Times Group, which he had joined after brief stints at Bradma of India and Usha India. He joined Bennett & Coleman as an investment analyst in 1994. In 1999 he became editor, product and brand head at Times Internet. Sindhwani is an electronics engineer from Nagpur University and did his MBA in finance from the Institute of Management Studies.
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.
