Default in payment of royalties to McDonald's India for nearly two years was the key reason behind the fast-food chain's decision to terminate franchise agreement
The two parties have also approached the Delhi high court pleading that two earlier court orders be modified allowing Bakshi to sell his shares in Connaught Plaza Restaurant to McDonald's India.
Australia coach Andrew McDonald is unperturbed by batter Marnus Labuschagne's recent run of low scores, saying that there are going to be "ebbs and flows" in one's Test career and the team is much more concerned about their batting line-up performing well as a collective.
Cloud on whether CPRL is a subsidiary of McDonald's India or a 50-50 venture.
Australia head coach Andrew McDonald on Saturday showered praise on David Warner and said that he is probably the greatest all-format Aussie player.
'I'd like to probably err on the side of preparing him through red ball. We know how good a white-ball player he is so you put a priority on what it looks like next summer.'
Short of players, a nine-man Australia needed as many as four support staff members on the field, including chief selector and head coach, in their T20 World Cup warm-up against Namibia but that did not change the expected outcome of the game.
Oil content in mayonnaise slashed by 40 per cent, milk used in ice-creams 96 per cent fat-free, all wraps made of whole grain.
Head blasted a match-winning, unbeaten 154 from 129 balls at Trent Bridge as world champions Australia stormed to a seven-wicket win over England in the first ODI on Thursday.
Langer puts faith in deputy ahead of ODI series in India: 'He's an excellent coach, we've got other excellent coaches to back him up. I said to him I won't ring him, I'll let him go. He said 'I might ring you', that's the difference. He'll do a really good job'
This is the guy who might be one feeble, McDonald's-fueled heartbeat from the presidency, notes Sree Sreenivasan.
Fast food chain McDonald's is planning to diversify into the economy segment as it seeks to find a way out of the rising commodity prices.
Andrew McDonald believes Glenn Maxwell's breath-taking shotmaking will inspire a new generation of cricketers.
Head, who fractured his left hand during Australia's South Africa tour last month, missed his team's first four matches at the World Cup in India.
'I don't think it's deserved. I think he'll be able to work through that. It's a new challenge for him, a new position.'
Vikram Bakshi, who controls 50% in JV and was MD, weighs legal options
On August 30, McDonald's had announced in a public notice that Bakshi would no longer be the India MD and the JV would be run by the board.
Assam's teenage weightlifter Bedabrat Bharali won the gold medal in the men's 73kg at the IWF World Youth Championships in Lima, Peru. The 17-year-old finished 12kg clear of his competitors with a total lift of 296kg (136 in snatch and 160 in clean and jerk).
Food retailing major McDonald's opened its first restaurant at Kolkata's Park Street.
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The war of words that has broken out between Vikram Bakshi and McDonald's Corporation is the latest in the long list of ugly spats between Indian businessmen and their overseas collaborators.
Plans to invest Rs. 500 crore over the next three years in West and South India.
How to shield brand McDonald's? While consumers may have ignored the legal battles plaguing the franchise in north and east India, closure of restaurants is not something they are likely to ignore.
McDonald's India has charted out expansion plans to cover East India and said it will add 25 new restaurants this year to take its total to 110.
Vikram Bakshi, the estranged partner of fast-food chain McDonald's, will seek reinstatement as managing director of the 50:50 joint venture Connaught Plaza Restaurants, with a plea to the Company Law Board seeking the 'deadlock' in the August 6 board meeting be resolved.
In the latest initiative, the US food giant has roped in popular Indian cartoon character Chhota Bheem to sell various items through its retail outlets in India.
The filing of Swiggy's DRHP has led to direct comparisons with Zomato, which is a direct competitor in food delivery and the fast-growing quick-commerce segment where Blinkit (owned by Zomato) faces off against Instamart (and Zepto). In Q-commerce, Flipkart, Amazon, Reliance and Big Basket are all entering the space. All of them have deep pockets, hence competitive intensity will rise going forward.
43 McDonald's outlets in New Delhi-National Capital Region were forced to down shutters following lapse of their eating-out or health licences in June.
Jannik Sinner overpowered American Taylor Fritz in the final to become the first Italian man to win the US Open singles title.
The Xi'an branch of US-based fast-food giant McDonald's has withdrawn a commercial, in which a Chinese man is shown begging for a discount, as the local public found it "insulting", the state media reported on Wednesday.
Australia bring an ageing squad and a few players short of fitness to the T20 World Cup but will have the same easygoing confidence
It is 'when someone uses their emotional problems to hook an audience on the Internet.'
It essentially amounts to 'performing sadness online for sympathy and/or attention,' explains Sandeep Goyal.
The war of words that has broken out between Vikram Bakshi and McDonald's Corporation is the latest in the long list of ugly spats between Indian businessmen and their overseas collaborators.
With an aim of wooing young customers in India, fast food chain McDonald's is getting into the digital domain by launching applications for mobile phones and computers which will enable visitors at its outlets witness illusion of menu on offer.
Two top sponsors of FIFA and its World Cup tournaments on Friday ratcheted up pressure on the global football body for major reforms as a corruption scandal casts a lengthening shadow over the sport.
Vikram Bakshi on Friday offered to sell his 50 per cent stake in Connaught Plaza Restaurants, the joint venture with McDonald's that operates fast-food restaurants in north and east India, for Rs 1,800 crore (Rs 18 billion).
McDonald's has argued that the dispute with its Indian joint venture partner Vikram Bakshi should be referred to arbitration as per the clauses of their agreement.
McDonald's India, with an eye to expand in East, may open restaurants at Hindustan Petroleum Corporation Ltd (HPCL) outlets in Kolkata during the year.
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