On Monday, the counsels for McDonald's India Pvt Ltd and Vikram Bakshi told the National Company Law Appellate Tribunal that they are working towards an out-of-court settlement. Bakshi's Connaught Plaza Restaurants (CPRL) handles the fast-food chain's 165 outlets in the northern and eastern regions

McDonald's and Bakshi had in 1995 signed a partnership agreement to open outlets of the US fast food chain in India. It was for a period of 25 years

McDonald's has posted a net profit of Rs 65.2 lakh in FY17-18 in India. In 2016-17, the company's its loss surged to Rs 305 crore due to its ongoing legal battle with its subsidiary CPRL.

The restaurant business has been under a lot of pressure of late, but now the buzz is that the sector is seeing a revival, across formats to boot.

Burger King's CEO said that the company continues to be on plan as well as profitable at a restaurant level.

The legal battle between McDonald's and its India partner Vikram Bakshi, also managing director of CPRL, has been going on for five years. Its northern and eastern business is still operated by Bakshi's company, despite the company terminating the franchise agreement of 169 outlets last year.

Samsung continues to be most trusted brand in India: ReportSouth Korean consumer durables firm Samsung continues to be the most trusted brand in the country followed by Sony and LG, while Tata Group, the only Indian company to feature in the top five, occupied the fourth slot, according to The Brand Trust report 2018. The top three brands retained their last year's position while Tata moved up a place. US-based Apple took the fifth position, losing a spot from last year. PC maker ...

Several systemic loopholes led to PNB loan fraud, says ICAI panelA high-power group, constituted by the Institute of Chartered Accountants of India (ICAI) to look into the PNB loan fraud case, has found systemic failure at many levels that led to the fraud in the first place and then failed to detect it for a long time. The group found that Nirav Modi's company was granted loan despite his company having only current account with the Brady House branch of the bank. \"When there is...

The leading fast food chain plans to open more than 200 outlets by 2022 with an investment of Rs 800-1,000 crore

Irrespective of wide fluctuations in the short run, stocks generally converge to their fair value in the long run. We define small investors as those shareholders that are holding nominal share capital up to Rs 1 lakh.

Mcdonald's India had terminated its franchise agreement with Connaught Plaza Restaurant Limited (CPRL), after which Bakshi appealed to the NCLAT to stay the termination notice.

Meanwhile, names of prospective replacements for Bakshi as McDonald's future partner have already begun doing the rounds, in case things do not go in his favour.