MAM
Star Sports partners with Olx Autos for IPL 2022 broadcast
Mumbai: Pre-owned automobile platform Olx Autos has partnered with media giant Star Sports which is set to broadcast Tata IPL 2022 from 26 March. The partnership will entail Olx Autos leveraging Fall of Wickets and DRS (Decision Review System) feature across 74 matches.
Olx Autos’ media agency Wavemaker is spearheading efforts around media buying and planning for this campaign.
The brand campaign will run on a concept called ‘Out & In,’ where upon the fall of wickets or upon review from the DRS, Olx Autos will drive its core brand positioning. The used-car industry continues to be dominated by traditional offline dealers, and price-discovery and transparency are a major pain point faced by used-car sellers, hence via this association, Olx Autos aims to strengthen its ‘Best Price’ positioning as a ‘reliable and trustworthy’ platform to sell one’s car.
To strengthen this proposition, Olx Autos plans to leverage a multi-channel approach that includes digital, radio, OTT, and television, with deployment plans to deliver the maximum reach and impact among potential used-car sellers across the country.
“Cricket is still a religion in India, and IPL continues to be an apt platform on the TV from the perspective of viewership, reach and affinity among car owners,” said Olx Autos India CEO Amit Kumar. “Considering the increase in the number of teams to 10, and matches going up to 74 the latest edition of IPL will become even more interesting and help us build reach and drive brand recall for Olx Autos. We believe that the integration with the ‘Out & In’ concept that plays with the colloquial cricketing lingo, will resonate with customers across India.”
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.
