MAM
TV18 & SAIF’s Home Shopping Network appoints Sundeep Malhotra as CEO
MUMBAI: Television Eighteen has appointed a chief executive officer for its yet-to-launch Home Shopping Network. Pepsi Foods Ltd executive VP- sales Sundeep Malhotra has been named as the CEO for the Home shopping channel.
At Pepsi Foods LTD, Malhotra was spearheading Modern Trade & On Premise channels for Pepsi’s Indian subcontinent beverage businesses. Apart from his five year stint with PepsiCo, he also has over 15 years of experience in the retail industry, working with companies like Bata and Benetton, informs an official statement.
Early this year, TV18 had announced the launch of the Home Shopping Network in association with the SAIF Partners.
According to TV18 CEO Haresh Chawla says “Sundeep brings with him an immense knowledge of both consumer behaviour and fast changing channel and sales dynamics which are critical for this business. I am confident that his robust consumer orientation and his diversified retail and organised trade experience, will give Home Shopping Network a cutting edge.”
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.
