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.An appellate......
Vikram Bakshi says the 169 stores will remain open, McDonald’s says it will take steps to enforce termination. A furious war of words has begun again between estranged joint venture partners......
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......
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. IMAGE: A McDonald's outlet,......
The development comes in the wake of Bakshi rejecting McDonald’s previous offer of Rs 48-50 crore (Rs 480-500 million) to buy his stake. US fast food major McDonald’s, at loggerheads......