MAM
Dentsu Aegis Network appoints Cheuk Chiang to lead Greater North business in APAC
MUMBAI: Dentsu Aegis Network announces the appointment of Cheuk Chiang to the role of CEO, Greater North, Dentsu Aegis Network APAC, effective 2 December. Based in Shanghai, China, and reporting to Ashish Bhasin, CEO, Dentsu Aegis Network APAC, Cheuk will oversee Dentsu Aegis Network China, Dentsu Aegis Network Hong Kong, Dentsu Aegis Network Taiwan and Dentsu Aegis Network Korea. He will also join the Dentsu Aegis Network APAC Executive team.
The appointment follows the announcement of the simplified three-cluster structure in March this year, which was put in place to further operationalise our markets, giving them the autonomy to react to client needs. This allows our businesses to deliver more strategic and market-specific initiatives at pace and scale.
Cheuk takes over from Takaki Hibino who was overseeing Greater North in the interim. He will now focus on his role as Executive Chairman, Dentsu Aegis Network APAC.
Dentsu Aegis Network APAC CEO Ashish Bhasin comments: “Greater North is a critical collection of markets that needs a strong and accomplished leader to drive our business forward in an increasingly complex and challenging landscape. Cheuk is a visionary leader who’s keenly focused on reinventing the way the industry operates, consistent with the vision of our business and the value we place on our clients. He is an industry thought-leader who has played a pivotal role in driving transformation across the industry. It was clear from the start that he is the perfect candidate to navigate these fast-paced markets for our clients. I am delighted to have Cheuk join the APAC Executive team to drive value and realise the long-term growth in our business.”
Dentsu Aegis Network APAC Greater North Cheuk Chiang, comments: “As an industry, we are seeing unprecedented changes and at Dentsu Aegis Network, I saw a company that is leading that change. Its capabilities are future-facing and it is important for me to be able to contribute to a network that can leverage its competitive strengths to meet new demands. I am delighted to take on this leadership in one of the most dynamic and technologically advanced group of markets in our industry. The Greater North presents us with a combination of unique challenges and opportunities, which Dentsu Aegis Network is extremely well-positioned to capitalise on with our unparalleled market-specific offerings. I look forward to taking our Greater North business forward.”
As the network continues to mobilise its Cluster structure to unlock greater opportunities in the faster moving parts of the business, Ashish Bhasin will continue to lead Greater South as the Executive team continues to look for a successor.
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.
