MAM
AAAI announces the winners of Young Lions Competitions
MUMBAI: Advertising Agencies Association of India (AAAI) announced the winners of its Young Lions Competitions in creative (print), media and marketers categories.
The winning teams are:
Young Lions Creative Competition
Gaurav Joshi & Siddharth Joglekar from Publicis India, Mumbai
Theme: “Come forward and help crime and accident victims”
Young Lions Media Competition
Chinmay Kelkar & Rohan Sood from MediaCom, Mumbai
Theme: “Don’t bribe and kill the nation”
Young Lions Marketers Competition
Samyukta Iyer & Janvi Parekh from Hindustan Unilever, Mumbai
Theme: “A premium brand enters a traditional Indian category of hair oil but Indians are not willing to pay the premium. What Ad strategy should they use?”
The jury for Creative Competition comprised Josy Paul (Chairman and National Creative Director, BBDO India chairman and national creative director), K S Chakravarthy (FCB Ulka national creative director), Bobby Pawar (Publicis India director chief creative officer south Asia) in Phase-I and Haresh Moorjani (FCB Ulka creative director), Bobby Pawar, Nandan Srinath (BCCL Response director) and Vinod Nair (Network Advertising MD) in Phase-II.
For Media, the jury comprised Dinesh Vyas (MEC India planning general manager), Anand Chakravarthy (Maxus head West), Sujata Dwibedy (Starcom India vice president), Deepak Netram (Lodestar UM vice president) in the Phase-I and Sam Balsara (Madison Communications chairman & MD), Jasmin Sohrabji (Radeus Advertising MD) in the final phase.
The jury of Marketers Competition comprised Ajay Kakar (Aditya Birla Group financial services CMO), Deepali Naair (Mahindra Holidays & Resorts CMO), Rohit Srivastava (Contract Advertising core consulting & national head of strategic planning), Nandan Srinath, Vinod Nair and the Marketers competition was conducted under the leadership of FCB Ulka advisor Dr M G Parameswaran.
Announcing the result of Young Lions Competitions, convener of these Competitions, Vinod Nair stated, “The Times Group and Advertising Agencies Association of India are giving rare opportunity to young professionals in India to participate in Cannes Lions and compete with the best young professionals in the world.”
The winning teams will be flying off to France in the month of June this year to participate in the prestigious Young Lions Competitions in Cannes Lions.
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.
