MAM
Multi Screen Media firms up three sponsors for IPL 6.0
MUMBAI: Multi Screen Media (MSM) has already roped in three sponsors for the sixth edition of the Indian Premier League (IPL). It has been learnt that Vodafone and Pepsi have come on board as co-presenting sponsors, while Tata DoCoMo is going to be an associate sponsor.
While not talking about specific deals, MSM president revenue, licensing and telephony Rohit Gupta said that the broadcaster is looking at selling out its entire ad inventory for the IPL this year, unlike the previous edition where it held on to ad rates to let go a small portion of its commercial airtime. “We have rationalised our rates by 10 per cent. While last year we had sold out 85 per cent, this time we want to sell out everything. Our revenue will not be affected.”
MSM is looking at two co-presenting and seven to eight associate sponsors. “Sponsors will take up around 60 per cent of the ad inventory. For ‘Extraaa Innings‘ we will have seven sponsors,” Gupta added.
Vivaki Exchange CEO Mona Jain believes the IPL ratings have stabilised. “They are not zooming but neither are they falling dramatically. The rationalisation of rates makes the IPL more affordable. I don’t think that the recent poor performance of the national Indian team will have a negative effect on the IPL‘s viewership. The IPL is a different ballgame where you have city based loyalties,” she says.
In terms of companies likely to come on board, Jain points out to consumer electronics companies and telecom. Auto is also expected to come on board, though that sector has been facing a tough time. “They may come in at lower outlays, but I still expect them to participate. The economic slowdown could have an effect in terms of the outlays that different companies are willing to commit. It is, however, too early to talk about that possible impact,” she points out.
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.
