MAM
Aidem Ventures to handle The Economist’s online biz
MUMBAI: The current affairs magzine The Economist has appointed Aidem Ventures as the media representative of their online business in India.
The Economist Group (Asia/Pacific) digital sales director Inez Albert said, “We look forward to strengthen our business presence in India by appointing Aidem Ventures as our representative in India. This partnership will ensure that our commitment of sharing world views and unbiased news reaches out to all stakeholders in the Indian market. We look forward to partnering with some of the best companies in India.”
“We are excited with this mandate to enhance the advertising potential of The Economist in India,” said Aidem Ventures head- digital and International business Neena Dasgupta. “Aidem, with its extensive experience and track record in the news and digital space, is best equipped to partner with The Economist Online to strengthen their presence in the Indian market.”
The site provides daily diet of news, analysis, columns, blogs, and multimedia, while contributing to the ongoing debates and discussions themselves. It also features a suite of research tools and data for subscribers, including free full access to a searchable archive, as well as The Economist audio edition.
The Economist Group India MD Suprio Guha Thakurta added,, “We have appointed a strategic sales partner in Aidem and going by their domain expertise (news and digital), we are certain that we can take our online business to new heights in India.”
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.
