MAM
Siddharth Kumar Tewary to own the Punjab Bulls team in Tennis Premier League
MUMBAI: After a prolific presence on television with some of the most popular shows like Mahabharat, Porus, RadhaKrishn and many more, writer, director and producer Siddharth Kumar Tewary, founder of Swastik Productions has now set his eyes on the Tennis Premier League. Siddharth Kumar Tewary has bought the Punjab Bulls for the upcoming season. The Tennis Premier League is all set to flag off its second edition and is scheduled from December 12 to 15 at the Celebration Sports Club in Andheri, Mumbai.
At the auctions held recently, Siddharth Kumar Tewary has bought the top player in the men's list, Jeevan Nedunchezhiyan who is currently ranked India’s number 4 in the men's doubles and Pranjala Yadlapalli who is currently India’s number 2 in the women’s singles for his team. Punjab Bulls seems to have strengthened their core team in order to establish a mark for themselves.
The first season, that saw around 132 players fight for the championship in various categories were well accepted by the country. The league received an overwhelming response and tremendous support and encouragement from the entire sports and entertainment fraternity. This season, in a unique format, each team will compulsorily have a player on a wheelchair and 2 winners of the talent day in Delhi, that will be announced later. The league is established under the guidance of AITA and MSLTA.
Not many know that Siddharth Kumar Tewary is equally passionate about sports and plays recreational tennis and follows the sport with a lot of interest. He was present at the auctions along with the mentor of his team, Ajay Lakhotia. Commenting on this association, Siddharth said, “I have been an ardent fan of tennis since I was a child. Having practised the sport myself, I understand the intensity and fitness it demands. I’m glad I have got the opportunity to own Punjab Bulls for the second season of the Tennis Premier League to be held in December. The league is a great opportunity for players from all over our country to showcase their passion for the sport and use this platform to hone their skills further and represent our country internationally. Also, I'd like to congratulate Kunal Thakkur and Mrunal Jain for this great initiative that will help our tennis enthusiasts further their growth.”
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.
