MAM
HTC in 3-year deal sponsorship deal with UEFA
MUMBAI: HTC, a global leader in mobile innovation and design, has signed a three-year agreement that will see it become the official global phone supplier partner of the UEFA Champions League and UEFA Europa League.
Kicking off in January, the partnership places HTC at the center of two of the world‘s most elite football competitions and will enable it to deliver new and innovative ways for fans around the world to get closer to the action.Whether in the stadium watching the game, or viewing content on a HTC device, fans will be there to share every moment.
“Football elicits so much passion around the world and we are excited to partner with one of the leading sporting brands in the world,” said HTC Corporation CEO Peter Chou said. “We‘ll be working closely with UEFA to offer football experiences to all fans in addition to providing a richer overall mobile experience.”
This partnership combines HTC‘s tradition of working with global leaders in the world of music, imaging, design and sport with the interests and cultural passion points of consumers around the world.
As part of the partnership with the UEFA Champions League and UEFA Europa League, HTC will also be the Official Global Smartphone Supplier Partner of the UEFA Super Cup Final in 2013 and 2014, and the UEFA Women‘s Champions League Final in 2013, 2014 and 2015.
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.
