MAM
Oakley returns as eye wear sponsor of Rajasthan Royals
MUMBAI: Rajasthan Royals has extended its association with Oakley as official eye wear sponsor for the team for season 5 of the IPL.
The association, which began with last season‘s tournament, will give Oakley an opportunity to leverage the association internally for customer-connect through competitions, product launches, and senior level interactions with players.
Rajasthan Royals CEO Raghu Iyer said, “We are delighted to have an international eye wear brand like Oakley as an official sponsor for another year. This goes to show the trust they have in us as a sporting brand. We look forward to the beginning of the tournament and are confident that Rajasthan Royals will serve as a worthy platform to give the brand great visibility during IPL 2012.”
Luxottica India- Oakley national business head Amitabh Sehdev said, “We at Oakley are proud to be associated with team Rajasthan Royals for the second year running in the Indian Premier League. The spirit and attitude with which the Royals play their cricket is very much in keeping with Oakley‘s philosophy of ‘beyond reason’.”
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.
