Brands
MS Dhoni reaffirms commitment to Garuda Aerospace’s vision as brand ambassador and stakeholder
Mumbai: MS Dhoni announced in a Facebook post that his journey with IPO bound Garuda Aerospace continues to grow from strength to strength. He also stated that he believes in the vision of Garuda to make India a Drone hub by 2030.
About his association with Garuda, Brand Ambassador and stakeholder, M S Dhoni said, “As Garuda spreads its wings across the world, I am proud to be associated with the team’s journey in positively impacting Agriculture, Defence, Industry 4.0 & consumer drone sector as their captain.”
Garuda Aerospace founder CEO Agnishwar Jayaprakash added, “Mahi Bhai has been an inspiration for all of us at Garuda Aerospace. His encouragement and unwavering support enthuses each one of us to always deliver to the best of our ability.
From a Fan Boy to a Founder, I’ve always loved MS Dhoni. However, the value he brings to the emerging drone technology is immense. Mahi Bhai is an epitome of a rural youth success story and both agri and consumer drones resonates with our target audience. His star power has helped Garuda reach the deepest pockets of India” added Agnishwar Jayaprakash”
Garuda Aerospace in the past has signed on significant international partnerships with companies like Thales (France), Agrowing (Israel), and Spirit Aeronautics (Greece). These collaborations focus on technology transfer and local manufacturing, reducing costs while creating job opportunities for the Indian youth.
In 2022, MS Dhoni commenced his association with Garuda Aerospace after 100 drones were flagged off by prime minister Narendra Modi in 100 locations. Since then; Garuda Aerospace has scaled in revenue & become one of India’s most Valuable Drone Startup’s.
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.
