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ŠKODA in association with Bloomberg|Quint and PHD Media launches ‘Pursuits’

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MUMBAI: Bloomberg|Quint India has announced its association with ŠKODA and PHD Media to produce Pursuits, a series highlighting journeys of individuals with remarkable achievements across various sectors. The 10-episode series will be launched on 10 January and augmented on multiple digital platforms.

The series, which airs exclusively on bloombergquint.com, will capture stories of artists and activists, storytellers and curators of music, entrepreneurs and creators of change, who in pursuit of their dreams embarked on an unconventional journey and achieved something worthwhile. Identified by the Bloomberg|Quint team after extensive research and thought, these unconventional talents who share common attributes of making a difference in their respective fields, will tell their stories, to inspire others. Matt and Namrata, founders Blue Tokai Coffee, theater personality Roysten Abel, movie director Sriram Raghavan and many more, will be featured.

For the first time ever, ŠKODA will travel across the length and breadth of the country, to tell their protagonists’ stories in a never-seen before manner. The series also breathes new life into the art of storytelling with crisp content and excellent visuals.

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Bloomberg|Quint CEO Anil Uniyal said, “We are elated to bring to India an all new storytelling experience with Pursuits. The series, much like our partner ŠKODA is all about standing out, setting new standards, and raising the bar for excellence. The idea behind Pursuits resonated with common values shared by all partners, and we look forward to the success of the show.”

ŠKODA Auto India head of marketing and product said, “Storytelling is a part of ŠKODA’s global communication strategy. We look at human stories with elements of endeavour, dedication and achievement. The concept of Pursuits by ŠKODA fits this requirement beautifully and we are very happy to bring it to life.”

Omnicom Media Group CEO Jyoti Bansal said, “In the spirit of finding a better way for ŠKODA to build deeper engagement with its customers- present and potential, PHD identified Pursuits – great stories of people who are ‘driven’ in different ways to realise their true potential. The premise is so fitting to what ŠKODA stands for and we are looking forward to creating a property which will set new standards.”

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Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal

Tax authorities flag alleged misclassification of restaurant services

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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.

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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.

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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.

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