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HSBC Golf League swings into Pune, Kapil Dev tees off a luxury finale
MUMBAI: HSBC India, in a collaboration with Thriwe, teed off the grand finale of its third golf league at Pune’s exclusive Oxford Golf Course, turning the greens into a playground for India’s high-net-worth (HNW) and ultra-high-net-worth (UHNW) swingers.
The event, a veritable who’s who of industry titans, was graced by none other than cricket legend Kapil Dev, who, in between ceremonial tee-offs, probably pondered the similarities between a well-timed cover drive and a perfect swing.
Following regional rounds in Greater Noida, Bengaluru, Hyderabad, and Mumbai, the Pune finale saw the crème de la crème of amateur golfers battling it out for a coveted prize: an all-expenses-paid jaunt to Singapore’s Tanjong Course, where they’ll rub shoulders with the pros at the HSBC Women’s World Championship. Think opulent Hexagon Suites and enough golfing action to make even the most seasoned player giddy.
HSBC India head international wealth and personal banking Sandeep Batra waxed lyrical about the event, stating, “HSBC’s global ambition is to bring golf to more people across the world. We’re focused on helping to expand the game to the next generation of players and build the sport across markets. This prestigious event, a testament to our commitment to excellence and sportsmanship, has not only brought together the finest amateur golfers across India but has also provided a platform for our esteemed clients to engage in the sport they love. At HSBC India, we are honored to facilitate such a grand celebration of talent and look forward to continuing to foster the growth of golf in India.”
Thriwe founder & CEO Dhruv Verma added, “With each year passing we see more and more participation and this year was no different. We will continue to build this golf league, with HSBC India, as a property/IP to further encompass more features and member privileges. At Thriwe, we are also excited on using AI and building the entire model ahead.”
The event, powered by Thriwe’s tech prowess, wasn’t just about swinging clubs; it was a tech-infused golfing extravaganza. The HSBC golf league mobile app allowed participants to track scores, network, and snag exclusive perks, from free golf cart bookings to discounts on accessories.
In essence, HSBC and Thriwe have turned golfing into a luxury experience, blending sport with tech and a dash of celebrity sparkle. It’s a hole-in-one for networking and a par-fect day out for India’s elite.
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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.
