MAM
FCB Group India institutes ‘The Anil Kapoor Award for Excellence in Partnership’
Mumbai: On the birth anniversary of its legendary leader Anil Kapoor, FCB Group India has instituted a special award- ‘The Anil Kapoor Award for Excellence in Partnership’ in his honour.
The company that is also celebrating its 60th anniversary this year announced this internal award to recognise talent that embraced the one value that Anil Kapoor held very dear – partnership.
“Anil believed that strong brands were built on the foundation of strong partnerships. These were not just client-agency partnerships but partnerships that spanned the entire brand ecosystem,” said FCB Group India chairman & CEO, Rohit Ohri. “Internal agency partnerships, network partnerships, client partnerships, brand-consumer partnerships. Today, on his birthday, I am proud to honour his memory and keep his flag flying high with the institution of this award.”
Kapoor, an outsider to advertising took over an ailing Ulka Advertising in 1988 to turn it around not just into a ‘top five agency’ but also one that was recognised for building some iconic Indian brands. An industry captain with a strong voice, he was a proponent of the ‘strategic partner’ model for advertising agencies.
IPG Media Brands CEO Shashi Sinha, who worked closely with Kapoor for almost three decades and was a key member of his leadership team is equally thrilled about this award. “Anil never tired of emphasising the importance of partnership. For him, the partnership was not unidimensional. It all starts with talent. To provide long-term partnerships to clients’, we needed to have long-term partnerships with our people. Only then would we fuel a virtuous cycle of existence. And this Award truly embodies that philosophy.”
Brands
Tata Consumer Products faces Rs 98 crore tax demand
Income tax authorities raise significant demand for the 2022-23 financial year
MUMBAI: Tata Consumer Products Limited has received an assessment order from the income tax department involving a substantial financial demand. The order, issued by the assistant commissioner of income tax in Kolkata, was received by the company on 13 March 2026. It follows an audit of the income tax returns filed for the 2022-23 financial year, during which the assessing officer made specific additions and disallowances to the company’s reported income.
The total demand raised by the authorities amounts to Rs 98,03,33,930, a figure that includes both the principal tax amount and accrued interest. This disclosure was made by the company’s company secretary & compliance officer, delnaz dara harda, in a formal filing to the National Stock Exchange and BSE Limited on 14 March 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In response to the order, Tata Consumer Products has stated that it believes the demand is not maintainable under current law. The management has confirmed that the company is currently in the process of filing an appeal against the assessment. Furthermore, the company clarified that there is no immediate impact on its current financial standing, operations, or other corporate activities resulting from this specific order.
