Yum reduced the number of restaurants in India by 14 in the September quarter from the preceding quarter to 811.
In a major sign of transformation of manufacturing-dominated Chinese economy, annual output of its service sector may exceed that of the manufacturing sector for the first time ever in 2013, an expert said.
Bold reforms and prudent monetary and fiscal policies by the incoming Narendra Modi government will help the economy to grow at 6.5-7 percent, says a report.
Sensex ended up 41 points at 29,136 and Nifty gained 4 pts to 8,809.
"The ruling establishment seems to have lost all sense of balance, and of proportion. It appears determined to undermine all democratic norms. It seems hell-bent to destroy the spirit of inquiry, the spirit of questioning, the spirit of debate and dissent, said the Congress president.
Voting for the 2014 general elections will begin in April and it is expected Budget 2014-15 will be presented in June.
Well then, what did DeMo achieve? As predicted by most economists, the volume of transactions fell, economic activity was adversely impacted, and some sectors (which were more dependent on cash transactions) witnessed greater disruption than others, says Rahul Khullar.
Externally, the global economy is stabilising, with better growth is expected this year.
Lower inflation, FCNR(B) outflows likely to influence central bank decision
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
The central bank had nudged banks to cut lending rates.
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
The problems facing India and its economy are far too severe and deep to be fixed in 100 days, and an excessive focus on the first 100 days might have indicated that the government had failed to understand that.
The total rainfall till now is not only deficient, but is also erratic in terms of both geographical spread and timings.
Rangarajan, who was answering questions on onion prices touching Rs 100 per kg in some cities, said the impact on inflation would not last long.
Reserve Bank of India (RBI) Governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government, if he is seen as overstepping.
The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point.
He said the UPA had left the economy in a dire state, with Consumer Price Index and food inflation at double digit, Wholesale Price Index inflation around 6-7 per cent and growth prospects were limited.
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
The IMD attributed the projection to a weakening of El Nio and the Indian Ocean Dipole turning positive.
In putting the country's economy back on the rails, it is best that Narendra Modi and Arun Jaitley draw on grass-roots feedback and their own practical sense and native wisdom without allowing themselves to be sucked into the quicksand of economic punditry, says B S Raghavan.
On day 1, says retrospective taxation should be avoided; Sets up special investigation team to unearth black money.
Sensex may remain under pressure this week due to weak global factors.
RBI has, since January, cut its policy rate four times.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
Traders are waiting for the earnings season to kick off.
'Concerns about India's future are hampering private investment.' 'If the private sector sees strategy, teams and execution on these issues, this will inspire confidence in India.' 'This should be our main strategy for 2017,' says Ajay Shah.
Prime Minister Narendra Modi on Wednesday said he has asked soft drink makers like Pepsi to try and mix aerated drinks with 5 per cent fruit juice to help distressed farmers find a new market for their produce.
Consumer durable makers like Sony, LG, Panasonic and Whirlpool are expecting up to 35 per cent growth in the upcoming festive season and are pulling out all stops as the sector eyes a rebound from a prolonged slump.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
Pranjul Bhandari, Chief India Economist, HSBC, speaks about a range of issues ranging from inflation, to how Goods and Services Tax and land acquisition bills can help India hit double digit growth, and her impressions about economic growth in the last one year after Narendra Modi took over as India's Prime Minister.
The policy statement by the RBI governor is also expected to be upbeat.
While the motives of the Bill are of course laudable, there is every likelihood that the consequences of its passage will be dire.
The global economy may just be entering a new phase.
'The middle class stood by the BJP, especially after demonetisation, and they expected something in return.' 'Some section of the BJP believes the middle class is condemned to vote for the BJP as they have no other choice.' 'They think they can treat them any way, still the middle class will run to vote for it.' 'That's what the Budget seems to convey.'
Vinita Bali to lead global ops, new business growth; COO Berry to head India operations.
But it is likely that campaign spending resulted in some positive activity through this period.
With inflation figures expected to be well within RBI's target, there may be room for further rate cut.
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