Annu Dhankar, who police referred to as 'Lady Don', was nabbed near the Indo-Nepal border in Lakhimpur Kheri in Uttar Pradesh.
Through the IPO, Burger King has raised Rs 450 crore, which will be used to rollout new outlets and retire debt.
Before opening its first outlet in the country on November 9, the US fast food chain, Burger King Corporation, had approached the HC seeking an assurance that companies it had sued for trademark infringement will not approach lower courts for stay orders against its launch.
Investors seem to have fully savoured the Burger King India IPO, with the share sale getting subscribed a massive 156.65 times on the last day of the offer on Friday.
The company plans to collaborate with stopover management consolidators, who will participate in the bids to develop food courts and rest areas along the highways. Such stopovers will house multiple restaurant brands, reports Avishek Rakshit.
A US-based Hindu advocacy group has asked American fast food chain Burger King to immediately remove an advertisement campaign featuring Goddess Lakshmi, which it say is "offensive" to the people of the faith.
Burger King Worldwide Inc has entered into a joint venture with private equity and real estate firm Everstone Group to start operations in India.
Earlier, there were reports about Pantaloon tying up with the Seattle-based coffee chain Starbucks for its India foray.
Near-term prospects hinge on the progress of the second wave of Covid-19. A lockdown will dent prospects as 60 per cent of revenues come from the dine-in segment.
'We are apologising because it wasn't our intent to offend anyone,' Denise T Wilson, spokesman of Burger King told PTI in an email when asked about the demand of the Hindu community that the company need to apologise for running an advertisement which its leaders said were offensive to their religion.
The restaurant chains are riding the Hallyu wave -- a phenomenon about the growing global prominence of South Korean pop culture.
Burger King's entry is expected to heat up the burger chain market in India, dominated by McDonald's.
US fast food chain Burger King Worldwide will open about 12 outlets in India over the next 60-90 days.
The Whopper creater has most of its burgers priced at par with McDonald's.
The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore.
Burger King Holdings Inc said the private equity firm 3G Capital has agreed to buy the US fastfood giant for $4 billion.
Burger King Holdings Inc is in talks with private-equity firms like 3i Group Plc over a possible sale of the second-largest hamburger chain, says a media report.
The food is terrible and the women are not very attractive, said Bernardo Hees.
Zomato is at 5, Swiggy at 9, Blinkit at 10.
In response to escalating crime rates in Delhi, including extortion attempts and gang-related violence, the Delhi Police has launched a comprehensive crackdown. This includes stringent checks at hotels and guest houses to verify the identities of guests, as well as verification of local criminals and juveniles. The police have also intensified raids on suspected hideouts of jailed gangsters and their associates. This initiative is being implemented across all 15 police districts and over 180 police stations in Delhi. The decision stems from recent incidents involving out-of-state criminals who used hotels as bases for their criminal activities, highlighting the urgency of proactive measures to curb crime.
The filing of Swiggy's DRHP has led to direct comparisons with Zomato, which is a direct competitor in food delivery and the fast-growing quick-commerce segment where Blinkit (owned by Zomato) faces off against Instamart (and Zepto). In Q-commerce, Flipkart, Amazon, Reliance and Big Basket are all entering the space. All of them have deep pockets, hence competitive intensity will rise going forward.
Global private equity (PE) firms are successfully offloading large equity stakes in domestic companies in the open market, taking advantage of buoyant conditions. Strong domestic liquidity support and an upward trending market have underpinned over a dozen PE exits worth $2.5 billion, data compiled by Business Standard shows. The figures exclude PE exits during maiden share sales and shares sold by strategic investors, such as SoftBank and Ant Group in new-age companies.
Organised players have been the biggest beneficiaries after the lockdowns were lifted. Given real estate is not as expensive now, players want to take advantage of the trend.
Check out Mr Burger and Ms King's wedding photographs from a marriage made in fast food heaven!
The capital of world history will be London on May 6.
Shares of all the 14 companies are currently trading above their issue price.
Neha Dhupia unveils The Bigg Boss Whopper burger at the Anhderi outlet of Burger King!
In a country like India, where counterfeit items are sold in every nook and corner, the regulation of trademark infringement poses a big challenge.
Except for Westlife Foodworld (Westlife), a weak 2022-23 (FY23) January-March (fourth quarter, or Q4) quarter performance and a muted near-term outlook led to a downward revision of earnings estimates for quick-service restaurant (QSR) players. Brokerages have slashed estimates by as much as 10 per cent for 2023-24 (FY24) and 2024-25 (FY25). The downward revisions have weighed on the performance of listed players, who have underperformed the market with low single-digit returns over the past month.
The so-called high networth individual portion saw 620x more demand than shares on offer.
More cos could join the likes of Burger King and Antony Waste in giving listing another shot.
A recent survey discovered that Bengaluru has some of the classiest high streets in our country.
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.
'Whenever markets rally, the IPO pricing gets aligned to the prevailing market conditions.'
Barbeque Nation IPO: The promoters hold 60.24 per cent stake, CX Partners owns 33.79 per cent and Rakesh Jhunjhunwala's investment firm Alchemy Capital holds 2.05 per cent in the company.
Zomato's mega initial public offering (IPO) ended with a bumper 38 times oversubscription on Friday as institutional investors poured money to get a pie of the hottest online food delivery platform. Zomato got bids for 2,751.25 crore shares against 71.92 crore shares on offer, stock exchange data showed. The IPO is India's biggest since March 2020. Institutional investors, who shied away in the first two days of the IPO, bid several times over the number of shares reserved for them.
Food ordering platform Zomato, whose Rs 9,375 crore IPO opens on July 14, is planning to launch a grocery section on its app soon, a senior company official said. The company recently invested USD 100 million (around Rs 745 crore) for acquiring a minority stake in grocery delivery platform Grofers. "It (grocery) is a large opportunity. The online grocery is nascent right now but is growing rapidly not just in India but across the world... "We are actively experimenting in that space and recently invested $100 million for a minority stake in Grofers, with the idea of getting more exposure to that space and building our strategies and plan around that business," Zomato CFO Akshant Goyal said.
10 photos that show it is a crazy, mad world
PepsiCo has tie-ups with KFC, Pizza Hut, Domino's, Burger King, and Subway in India, while Coca-Cola has a partnership with McDonald's only
The world's largest burger chain, McDonald's, has had a smooth run in India till now. But Burger King, one of its biggest rivals, could be looking to eat away at its headstart.
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