MAM
Euro RSCG Worldwide named the Global Agency for 2006
MUMBAI: Euro RSCG Worldwide, integrated marketing communications agency, has been recognised as the best global agency in the industry by two leading advertising trade publications – Advertising Age in the United States and Campaign in the United Kingdom.
Advertising Age announced that Euro RSCG Worldwide is the 2006 Global Agency of the Year. The agency was selected based on several criteria, including international business growth, thought leadership and innovation by agency management, and creative and effective marketing campaigns for their clients.
Last month, Campaign selected Euro RSCG Worldwide as its choice for Advertising Network of the Year, also highlighting the agency’s strong leadership by its senior management, and impressive streak of new business wins around the world, informs an official release.
“2006 was a terrific year for the agency and it is extremely gratifying to be recognised by the media on both sides of the Atlantic,” said Euro RSCG Worldwide Global CEO David Jones. “We believe that it’s possible for an agency to be both truly global and highly creative and I think these accolades are support for that point of view.”
In the past 18 months, Euro RSCG Worldwide has experienced $3 billion in new business growth in the form of competitive new business pitches and existing business expansions.
The fall 2005 win of the global Jaguar account started off a winning streak for Euro RSCG, which included the global accounts for Veolia, Reckitt Benckiser, and Sanofi-Aventis, as well as EDF Energy in France, Alcatel-Lucent, Danone, Disney Theme Parks, LG, Harley Davidson, and Dell. The Benefiber (Novartis) and Vivendi accounts both expanded as well, adds the release.
Jones added, “I would especially like to thank all of our clients, as the awards are a reflection of the work we’ve done in partnership, and our staff of 11,000 around the world for their dedication and commitment.”
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.
