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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
After half a decade of uncertainty, McDonald’s can finally have its way in India. What will it do?
Editor's note: It was one of those unprecedented contests. The suitors came one after the other. Every month, a new name came up in the race for the franchise rights of McDonald’s for half of India. Diversified businesses like Bird Group, the travel, hospitality and retail conglomerate, and the RP-Sanjiv Goenka group, which has a presence in industries from power to entertainment. Fast-food giants like Jubilant Foodworks, which runs Domino’s and Dunkin Donuts in India, and Westlife Development, the local partner of McDonald’s itself for south and west India. But McDonald’s, one of the world’s largest fast-food restaurant chains, took its time. With a set of conditions never heard before, it eliminated participants one by one, and after years of uncertainty and confusion, the company finally settled earlier this month. US fast food chain McDonald's has selected MMG Group chairman Sanjeev Agrawal as its new partner to operate outlets in north and east India, the company said. "Agrawal has a strong understanding and passion for the McDonald's brand, insights into the local market, and a proven track record of driving quality and …
The restaurant chain operator has decided not to renew its franchise agreement for the coffee and donut chain in India. This was a long time coming, and it’s only good news for Jubilant and its shareholders.
There is a slowdown in transaction volumes and analysts are projecting a decline in future prices. But nobody is anticipating any crashes yet.
Once hailed as a climate fintech innovator, Aspiration Partners’s collapse is shaking trust in carbon offsets and ESG startups.
