MAM
Rediffusion DYR Bangalore bags ETA Star account
MUMBAI: Rediffusion DYR Bangalore has bagged the ETA Star Property Developers account.
ETA Star is the property development arm of ETA Ascon Group (Dubai) with a turnover of over $5 billion.
The multi-agency pitch also involved JWT and SSC&B Lintas. The annual size of the account is undetermined but budgets for the first project is expected to be approximately Rs 40 million.
On winning the pitch, Rediffusion DYR vice president – South Ramesh Srivats said, “Real estate is a booming industry in Bangalore and we are excited about partnering ETA in changing the skyline of our city. You can look forward to some spectacular work from us on this project very soon.”
ETA Star was established with the prime objective of serving the burgeoning commercial opportunity in UAE’s freehold market. ETA Star property developers is poised to bring the best international practices in design, construction and execution to Bangalore, India.
According to ETA Ascon director Ashraf Buhari, “Being new to the Indian market, we wanted to associate with an agency that combined stature with energy. Rediff’s understanding of the market, consumer and creative solutions that they presented is what made us decide to go with them.”
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.
