MAM
Kings XI Punjab renews sponsorship deal with four
IPL franchise Kings XI Punjab has renewed sponsorship deals with Emirates, Reebok, USL and Wrigley ahead of the fourth season.
Emirates, the Dubai-based global airline, continues to be the team’s Title sponsor while Reebok is the Official Apparel Partner, USL is Official Games for Challenge Partner and Wrigley is the Official Chewing Gum.
The promoters of Kings XI Punjab said, “We are thrilled to have Emirates, Reebok, USL and Wrigley with us yet again for the upcoming season of IPL season IV. We are invigorated and look forward to a fruitful association as our sponsors have reaffirmed that they share the same passion towards cricket and our values. We as a team are eagerly waiting for the tournament to begin and assure an electrifying cricketing experience to our fans in India and overseas.”
Emirates Airline VP – India and Nepal Orhan Abbas said, “We have been very proud of our association with the IPL over the past two seasons. The tournament has grown bigger and better and the standard of the teams has also improved in that time. The Kings XI Punjab team looks very well balanced this season and we are looking forward to a great tournament.”
Reebok will be launching a fresh line up of merchandise soon. A Reebok India spokesperson said, “We are happy to be associated with Kings XI Punjab for the IPL Season 4. We believe the team is going strong and we wish them the best for the upcoming tournament. The apparel being designed especially for the team will be at the forefront of apparel technology and will be made available in a fresh new design for the fans as well.”
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.
