MAM
Neeraj Chopra joins team Visa as brand ambassador in India
Mumbai: Visa Inc. (NYSE: V), the in digital payments, has signed up Olympic gold medalist and World no. 1 in men’s javelin throw, Neeraj Chopra as a Team Visa athlete, ahead of the Olympic Games Paris 2024. Chopra’s collaboration with Visa makes him the second athlete from India to join team Visa along with other global athletes and reinforces Visa’s salience in and commitment towards sports.
“Sports is one of the strongest unifying factors worldwide and Visa is delighted to have the nation’s pride, Neeraj Chopra, join Team Visa and be our brand ambassador. As a trusted brand in digital payments, we truly believe in uplifting everyone, everywhere. Thus, by championing sports and sportspersons and our association with India’s Olympics icon Neeraj Chopra, we underscore our dedication to support inspirational athletes across sporting disciplines”, said Visa group country manager, India and South Asia, Sandeep Ghosh.
Neeraj Chopra, who made history as the first track and field athlete to win a gold medal for India at the Olympics, said, “I am excited to be associated with Visa, a brand that all of us have been so familiar with. Trust and consistency are essentials of every partnership and Visa has stood for these principles for several years now. I hope that through this association, we can inspire people to go from strength to strength with the values of hard work and consistent commitment.”
Visa has a history of collaborating with renowned sports personalities. In 2019, Visa signed badminton ace PV Sindhu as the first Team Visa athlete from India, for the Olympics Games Tokyo 2020. Visa has supported the Olympic and Paralympic Games as a worldwide sponsor since 1986, a commitment that extends through 2032, serving as the Exclusive Payment Technology partner. Major sports events like the Olympics, FIFA World Cup and Super Bowl attract a diverse and global audience. As a partner, Visa ensures safe and secure digital payments at these events – for tickets, merchandise and concessions, regardless of location or currency.
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.
