Brands
Virat Kohli dons new avatars in MuthootFinCorp’s latest TVC campaign
Mumbai: MuthootFinCorp aka Muthoot Blue, a homegrown non-banking financial company and flagship entity of MuthootPappachan Group has launched its latest campaign called ‘Mera Gold Loan, Mera Interest’ featuring star cricketer Virat Kohli. The TVC campaign will be amplified with a 360-degree campaign across television, digital content, social media, and OOH integrations during the ongoing Tata IPL.
The ad spot showcases Kohli in three different avatars, along with other players of the IPL team Royal Challengers Bangalore (RCB). MuthootFinCorp has been associated with RCB as the team’s title sponsor for the third successive year.
The core message of the campaign appealed to the customers as they can exercise their freedom while choosing their interest rate. Kohli dons the roles of a teacher, umpire and doctor in a rib-tickling way in multi-lingual TVCs which showcased three different fun-filled scenarios with the former India captain explicitly appealing with the line ‘mera gold loan, mera interest. Abkhudchunoapni interest rate.’
“MuthootFinCorp, has always been the pioneer in bringing out innovative campaign thoughts aimed at helping the common man to improve their financial well-being,” said MuthootFinCorp Ltd director Thomas George Muthoot. “As the pandemic has subsided to a relatively low level and businesses are inching back to normal, we are launching a special scheme ‘Mera Gold Loan, Mera Interest’. This would help them to plan their finances better and would help them improve their livelihood.”
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
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.
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.
