MAM
Publicitas China is CNN’s ad sales rep in China
CHINA: News broadcaster CNN has appointed Publicitas China (Hong Kong) as the sole advertising sales representative in China for The CNN News Group’s networks and services.
Working closely with CNN’s sales team based in Hong Kong, Publicitas China will be responsible for advertising sales activities for CNN International, CNN/US and CNN.com in China. An official release informs that Publicitas China is a division of PubliGroupe of Switzerland and has sales offices in Shanghai, Beijing and Guangzhou in China.
The release adds that earlier this month, it closed its first major deal with China National Tourism Administration (CNTA). A global tourism campaign was aired on CNN International and CNN/US.
CNN International and CNN/US reach more than 250 million households around the world. The release adds that the latest survey results across all regions (including PAX 2002/2003, Europe 2003, EMS 2003, PGI Latina 2002 and Mendelsohn 2002) confirm that CNN is the news leader in the world and is the leading channel for the key top management target group. Online CNN claims that its sites are the world’s leading news and information sites, which are serving over 1.5 billion page impressions every month during the year.
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.
