MAM
Akhil Almeida is new head of marketing at Aegon Life
MUMBAI: Digital life insurance company Aegon Life has onboarded Akhil Almeida as its head of marketing. In this role, Almeida will be responsible for heading the company's branding, communication, and other digital marketing functions.
Almeida has more than 16 years of experience in various sectors of marketing that include media + OTT, e-commerce, tech, FMCG, auto, and BFSI. Before joining Aegon Life, he has worked in companies like Mahindra Group, Ignitee, VJive Networks, Kia Motors, and Citi.
Almeida said that Aegon Life is all set to revolutionise the insurance buying experience.
"We’re on a journey to radically enhance the insurance buying experience – combining innovative and relevant products, consumer-centric experiences at the right price. We’re leveraging data and consumer insights to support product development and sales efforts, increase awareness, and market innovative products," he added.
Aegon Life managing director & chief executive officer Satishwar Balakrishnan said, "Akhil is a highly skilled leader with experience in leading marketing initiatives for consumer-led brands in India. He has closely studied consumer preferences and evolving digital behaviours, which will help us develop strategies to reach our target audience, keeping the brand essence alive and agile. We look forward to the expertise he brings to the table, which will help us in enhancing Aegon Life’s positioning as India’s first and only fully digital life insurance company."
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.
