MAM
Jetking Infotrain Limited announced as Official IT Skills Training Partner of Delhi Capitals
MUMBAI: India's foremost computer networking training institute, Jetking Infotrain Limited was today announced as the Official IT Skills Training Partner of the Delhi Capitals for the 12th season of the Indian Premier League (IPL). The JSW and GMR co-owned franchise made the announcement on Sunday which will see Jetking begin a one-year association with the Delhi Capitals. The agreement between the two organisations will see Jetking feature as an Official Partner on the Official Jersey and back of the helmets and caps of the Delhi-based franchise.
Founded in 1947 as an electronics manufacturing and training company, Jetking has evolved into a leading IT and IMS training institute which involves the use of innovative teaching and courses in the field of IT. The company has trained more than 7,00,000 students in India and abroad, which has helped in constantly driving growth in the IT sector across the globe. Jetking provides a variety of certification courses to individuals through innovative and virtual learning, and have more than 5000+ recruitment partners.
Mr. Dhiraj Malhotra, CEO, Delhi Capitals, welcomed Jetking as the Official IT Skills Training Partner of the Delhi Capitals, "We are delighted to announce Jetking as the Official IT Skills Training Partner of our franchise Delhi Capitals. The computer networking institute has a major presence in the capital city, and we are looking forward to having a very successful association with them over the course of this IPL season. The tournament provides a huge opportunity for the country to celebrate cricket and I would like to thank everyone at Jetking for extending their support in the Delhi Capitals' ambition of winning the coveted trophy. "
Siddarth Bharwani, Vice President- Marketing and Brand, of Jetking Infotrain Pvt. Ltd. said "Through this association we would like to reinforce our stance on the importance of skills in any profession be it sports or IT. Supporting a young team also allows us to emphasize on consistency of career if you're chasing a long term goal. We feel Delhi capitals with their young squad will deliver results and prove their metal as a strong team."
The Shreyas Iyer-led Delhi Capitals begin their season against Mumbai Indians on Sunday, 24th March 2019 at the Wankhede Stadium in Mumbai; and will be playing their first home match on Tuesday, 26th March 2019 as they take on defending champions Chennai Super Kings at the Feroz Shah Kotla Stadium.
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.
