Vikram Bakshi, who controls 50% in JV and was MD, weighs legal options
Food retailing major McDonald's opened its first restaurant at Kolkata's Park Street.
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.
Plans to invest Rs. 500 crore over the next three years in West and South India.
Australia head coach Andrew McDonald said that the management is very hopeful that skipper Mitchell Marsh will bowl in the upcoming matches
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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.
Andrew McDonald backs Mitch Marsh for Australian captaincy
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.
McDonald said there was no concern around Marsh's lack of match practice over the last two months as Australia will play some practice games before their T20 World Cup opener against Oman on June 5.
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The Xi'an branch of US-based fast-food giant McDonald's has withdrawn a commercial, in which a Chinese man is shown begging for a discount, as the local public found it "insulting", the state media reported on Wednesday.
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.
Australia's Champions Trophy roster will have a different look to the peerless squad that took a record-extending sixth World Cup title at the 2023 tournament in India.
Several US companies, including McDonald's, Walmart and Facebook parent company Meta, have ended or scaled back their DEI programmes since Trump was elected in November last.
A 40-year-old Indian doctor was held in a US jail on a USD 2 million bond after being charged with multiple sex crimes for allegedly recording hundreds of nude images and videos of children and women over several years, according to media reports.
In the first quarter (Q1) of the ongoing financial year ending June 30, Westlife Foodworld, which operates McDonald's outlets in the South and West, reported an 88 per cent drop in net profit. While net sales remained flat, its same-store sales growth (SSSG) fell by 6.7 per cent, impacted by "subdued in-store business, although the off-premise segment saw positive same-store sales", the company said.
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.
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.
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.
McDonald's, official restaurant sponsor for the FIFA World Cup 2006, will kick start its in-store football promotion for kids Foosball Freekick from June 6.
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.
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).
Amit Jatia, managing director, McDonald's India, (west & south) in an interview with Deepa Menon speaks about the company as well as its future plans in India.
US-based McDonalds will set up 40 outlets ever year through its two equal joint ventures in the country -- Connaught Plaza Restaurant and Hardcastle Restaurants.
Amazon.com founder Jeff Bezos, American comedian Jay Leno and the CEO of McDonald's Corporation Jack Skinner all started their career from McDonalds. Prakash Iyer, MD, Kimberly-Clark Lever and Executive Coach tells us what we can learn from each of their lives about career success.
The world's most famous fast food chain McDonald's has lost an eight-year legal battle to prevent a local Malaysian Indian restaurant 'McCurry' from using the "Mc" trademark in its name, with the country's highest court dismissing its plea.
Scott McDonald was one of three players cut from Australia's preliminary World Cup squad by coach Pim Verbeek on Tuesday.
'Steve had expressed a desire to move back down from that opening position.'
Bhambri, Nedunchezhiyan-Prashanth reach ATP 250 doubles finals in China
After consolidating its position in India since it opened its first store in 1996, McDonald's India is all set to make net profit this year and has lined up investments to the tune of Rs 400 crore (Rs 4 billion) for expansion in new cities.
Australia announced a 16-member squad on Thursday with several fresh faces added to the group that played India in the fifth and final Test at Sydney last week. Australia won the marquee series 3-1.
