Brands
Revanth Reddy launches ISRL Round 2 as Hyderabad readies for Supercross
HYDERABAD: Telangana’s chief minister Revanth Reddy has thrown his weight behind the Indian Supercross Racing League (ISRL) as the state prepares to host its first global motorsport spectacle. The chief minister unveiled the poster for round 2 at the GMC Balayogi Athletics Stadium in Gachibowli, signalling the government’s support for what it calls a flagship event in line with its Telangana Rising 2047 vision.
The world’s first franchise-based Supercross league will land in Hyderabad on 6 December, bringing international riders, high-octane racing infrastructure and a swelling fan base to the city. Actor Salman Khan will attend the event, a move organisers believe will turbocharge its visibility.
ISRL co-founder Eeshan Lokhande, said the chief minister’s endorsement underscored the state’s appetite for global sport. He added that Supercross demands courage, skill and passion and has the potential to inspire young riders across Telangana.
The Hyderabad round is expected to draw thousands of spectators and motorsport devotees. Festivities begin on 5 December with the Reise Moto Fan Park, which won over crowds in Pune with live music, simulators, F&B zones, merchandise and interactive brand spaces.
Organisers say the league’s arrival will boost tourism, energise sporting culture and help strengthen the state’s pipeline of young talent. After Hyderabad, the grand finale of Season 2 will be held on 21 December at the EMS Corporation Stadium in Calicut.
Tickets are available on BookMyShow, spanning general and VIP categories. For international audiences, the Hyderabad round will be broadcast on Eurosport across South Asia, on Rev TV in Canada and streamed globally on FanCode and ISRL’s YouTube channel.
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.
