India is expected to experience hotter-than-usual temperatures from April to June, with more heatwave days in central and eastern India and the northwestern plains, the IMD said. Most parts of the country will see higher-than-normal maximum temperatures, except for some areas in western and eastern India where the temperatures are expected to be normal. Minimum temperatures will also be above normal in most regions. The IMD has warned that landslides could occur in parts of Kerala and Karnataka in the Western Ghats and that northeastern states might face flooding in April.
Metropolis Healthcare (MHL) has decided to acquire a 100 per cent stake in Gurgaon-based Core Diagnostics for Rs 247 crore. This is about 2.2x FY24 (financial year 2023-24) enterprise value (EV)/sales and estimated 14x FY26 EV/Ebitda for the deal.
A cold wave has gripped many parts of north and east India, with Srinagar recording a minimum temperature of minus 5.3 degrees Celsius. Other areas experiencing below-freezing temperatures include Gulmarg, Pahalgam, Konibal, Qazigund, Kupwara, and Kokernag in Kashmir. Himachal Pradesh has issued an orange warning for severe cold wave conditions in several districts. Delhi recorded a minimum temperature of 5.9 degrees Celsius, while Faridkot in Punjab was the coldest in the region at 0 degrees Celsius. Extreme cold conditions also continued in parts of Rajasthan and Jharkhand. The Met office has forecast mainly dry weather until December 26, with the possibility of light snowfall in the higher reaches of Kashmir on the intervening night of December 21-22.
In Rajasthan, 13 deaths related to rain and storm were reported over the last two days while at least 12 people were killed due to lightning strikes in Jharkhand during the same period, officials said.
As part of the agreement, McDonald's has acquired 50 per cent voting equity shares in Connaught Plaza Restaurants, held by Bakshi and his affiliated entity since inception.
India has secured approval of the United States Department of Agriculture (USDA) for the export of domestic mangoes to America in the new season, the commerce ministry said on Tuesday. The export of Indian mangoes has been restricted by the US since 2020 as the USDA inspectors were unable to visit India for inspection of irradiation facilities due to restrictions imposed on international travel because of the COVID-19 pandemic. On November 23, 2021, the Department of Agriculture and Farmers Welfare and the USDA signed a framework agreement for implementing the "2 Vs 2" agri-market access issues.
Uttar Pradesh, Bihar, Jharkhand, Odisha and Gujarat, have been left out, despite a strong start to the monsoon in June
"We know that post the COVID-19 infection, immunity is only for a short duration of 3-6 months, after which the same person is vulnerable to getting reinfected. The reinfection will depend on the viral load to which the susceptible person is exposed to. We have seen some Chief Ministers and national leaders also getting infected a second time. So nobody is permanently immune," Prof. Murthy said.
Public sector telecom major, Bharat Sanchar Nigam Limited (BSNL), is all set to launch its 3G operations in 700 cities across north and east India by June and east India by June and in the south by July, a senior company official said.
When Amit Jatia, vice-chairman of Westlife Development (WLDL), which operates fast-food chain McDonald's in West and South India, wanted to become the American fast-food giant's local partner in 1995, he had to first convince his family he would remain a staunch vegetarian. As McDonald's - home of the iconic Big Mac - completes 25 years in India, being one of the largest operators in the quick-service restaurant (QSR) segment in the country with over 300 outlets, Jatia has held on to the promise he made to his family. Not one to sit back and watch anyone flip the Big Mac, he gets straight to the meat of the matter when he says McDonald's success menu will see the QSR expand its ever-hungry 'foodprint' by doubling the number of joints and increasing its average unit volume by 35-40 per cent in five years.
Parts of north and east India continued to be in the grip of the heat wave with maximum temperatures going above 44 degrees Celsius in some states.
Goli Vada Pav has close to 300 stores in more than 60 cities across 16 states.
Cloud on whether CPRL is a subsidiary of McDonald's India or a 50-50 venture.
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.
Earthquake on 6.9 on the richter scale rocked Sikkim on Sunday evening.
Nearly 6,000 passengers were stranded as train services on the Konkan Railway route in Maharashtra's Ratnagiri district were suspended on Thursday after a river overflowed following heavy rains, while incessant downpour badly hit road and rail traffic in several parts of the state, including around Mumbai, as authorities called in NDRF to help the administration in rescue efforts.
The paper said 65,130 people were killed in 3,175 incidents of floods. Some 40,358 people died in 117 tropical cyclones, with 344.9 deaths per mortality event. There were 706 heat wave incidents that claimed the lives of 17,362 people, the paper said, adding there is a rise in the number of casualties because of this type of EWE.
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.
A white paper will be released in Delhi on September 29 by the company that would give an insight into the current market-size of the retail food industry and the revenue it generates.
Career Launcher (I) Ltd is organising Samridhi 2006, a national level Management Aptitude Test for MBA aspirants.
There's a looming water crisis facing the country, and it comes down to how the states are faring in water resource management.
PM Narendra Modi took stock of the situation and directed all authorities concerned to be on alert for rescue and relief operations
Power stations with captive mines might look at this as an opportunity to sell merchant power at higher rates.
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.
Hudco had in 2006 given a loan of Rs 62.38 crore to Bakshi's private venture, Ascot Hotels and Resorts, for a commercial project in Noida. The loan, however, turned NPA in 2011.
Differences between Bakshi, his wife and McDonald's India emerged in mid-2013.
'We have to stop thinking about GDP and look at the impact on output and unemployment.' 'And that is not going to be insignificant.'
Although large companies like Nestle, Dabur or HUL have been impacted by this slowdown in demand, it was the small, local players that have been hit harder.
In its latest campaign, Dalda is stressing that it's now a refined oil brand and no longer just a vanaspati offering.
It is not easy for an FMCG brand to make a comeback if it has been out of consumer's reckoning for some time. Moreover, a protracted battle between the owners and then closure of a large number of outlets at one go might have sent some very negative signals to many, says Sneha Bhattacharjee.
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
Akash Banerjee is posing tough questions to the establishment -- and getting away with them.
The estranged Indian partner of McDonald's, Vikram Bakshi, on Thursday offered buying out the US food major's stake in their joint venture Connaught Plaza Restaurants.
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).
Coca-Cola will sell off its bottling business in India in the next few years.
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.
Bakshi rejects McDonald's proposal to buy his stake in JV for Rs 48-50 crore
McDonald's problems couldn't have surfaced at a worse time. Cut-throat competition, rapid expansion and a slowdown in consumer spending in the wake of demonetisation have seriously dented the overall quick-service restaurant business.
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