MAM
Nike announces LeBron James Asia Tour Summer 2005
MUMBAI: Nike is all set to host basketball phenomenon – LeBron James – on a three-city tour of Asia. Designed as a cross-cultural exchange between James and young kids throughout Asia, the tour will make stops in Tokyo, Beijing and Hong Kong beginning 2 August.
From the first day James picked up a basketball, he has never played alone, and he’s not about to start. James knows he is the sum of his experiences, those that he has shared with his mentors, coaches, teammates and fans. Through his Asia Tour Summer 2005, James and Nike hope to create new experiences for him with kids in Asia.
“I’m very excited about going to Asia. I’ve heard a lot of great things about the basketball culture in Asia, and I can’t wait to meet the kids, and inspire them with my style of play, and be inspired by theirs,” said James.
The LeBron James Asia Tour Summer 2005 will create a cross-cultural exchange between James and the people of Asia, especially the kids. As he connects with the kids of Asia, he will inspire and be inspired by them. The Tour will ultimately bring west to meet east, and east to meet west, and will be a great learning experience for everyone.
Beyond his dedication on the court, James is dedicated to making a difference off the court. In the US, James is the spokesperson for Nike’s PE2GO program.
Implemented by NikeGo, Nike’s signature US Community Service program, PE2GO helps increase the quality and quantity of physical education in schools where physical education classes have been reduced or eliminated.
During his tour through Asia, James will continue his spirit of giving back to the community by participating in a court donation in Beijing.
LeBron James Asia Tour Summer 2005 Schedule:
August 2 – 3: Tokyo
August 4 – 5: Beijing
August 6: Hong Kong
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.
