Brands
Valvoline gears up with Lucknow Super Giants as Official Partner for IPL 2024
Mumbai: Valvoline India, a prominent global lubricant manufacturer and pioneer in engine oil technology is delighted to announce its strategic partnership with the Lucknow Super Giants for the highly anticipated Indian Premier League (IPL) 2024 season.
With a commitment to fuelling the future of mobility through innovative services and products, Valvoline India is poised to bring its expertise to the forefront of one of the most electrifying sporting events worldwide. The partnership with Lucknow Super Giants underscores Valvoline’s dedication to fostering excellence both on and off the field.
“Joining forces with Lucknow Super Giants as an official partner for IPL 2024 is a thrilling opportunity for Valvoline India,” said Valvoline India CMO Ipshita Chowdhury. “As pioneers in the lubricant industry, we are proud to align with a team that shares our passion for performance and innovation. Together, we look forward to elevating the excitement of IPL 2024 and connecting with fans on a deeper level.”
As part of this collaboration, Valvoline India will leverage its extensive experience and cutting-edge technologies to support Lucknow Super Giants in maintaining peak performance throughout the IPL season. Additionally, fans can anticipate engaging activations and initiatives designed to enhance their overall IPL experience.
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.
