MAM
Hero MotoCorp onboards Reema Jain as chief information & digital officer
Mumbai: Hero MotoCorp has announced the onboarding of Reema Jain as chief information and digital officer to lead the technology driven business transformation. She will report to Hero MotoCorp chairman and CEO Dr Pawan Munjal, the company said.
In this role, Jain will strengthen the company’s initiatives such as IT-related infrastructure, strategic planning, aligning digital strategies including usage of new-age technologies, said the company in a statement.
Jain has nearly two decades of world-class technology and leadership experience and most recently served as chief digital officer at Vodafone India. Prior to that, she was associated with global corporations such as Unilever and GE in leadership roles, where she was responsible for building agile, robust, scalable and resilient technology platforms, processes, and IT solutions.
“In the relentless pursuit of our vision – ‘Be the Future of Mobility,’ we have been embracing new technologies to bring greater agility into our working practices,” said Hero MotoCorp chief operating officer and chief human resources officer Mike Clarke. “As we are in the midst of a transformation, this newly created position marks an important milestone in our digital journey. Reema’s addition to the team will help us lead the digital acceleration and leverage technology to augment our innovation ecosystem together with our customers and partners.”
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.
