Brands
Harsh Ranjan takes on vice president role at JPMorganChase
NEW YORK: JPMorganChase has promoted Harsh Ranjan to vice president, growth strategy and business management for self-directed investing, strengthening leadership at its fast-growing retail investing platform.
Based in New York, Ranjan will drive growth strategy, customer acquisition and business management for the bank’s self-directed investing business, a key pillar in its push to capture digitally native investors and long-term assets.
He steps up from senior associate, acquisition strategy, where he worked on scaling customer growth through data-led initiatives and cross-functional execution. The elevation reflects the firm’s focus on building depth in strategy roles tied directly to performance and expansion.
Before joining JPMorganChase, Ranjan built a varied career across consulting, operations and engineering. He worked as a consultant at EY-Parthenon, advised clients with tuck advisors and engaged in research at the tuck school of business at Dartmouth. Earlier, he served as a field engineer at Schlumberger and led operations at BRND studio, gaining hands-on exposure to complex, execution-heavy environments.
An alumnus of IIT Bombay, Ranjan brings a mix of analytical rigour and operational discipline to the role, shaped by experience across boardrooms and field sites alike.
As self-directed investing gathers pace and margins hinge on scale, JPMorganChase is placing its bet on leaders who can turn strategy into sustained growth. In that race, Ranjan now has the wheel.
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.
