Midcap outperforms Sensex, Nifty; Infosys most active, MTNL up 12%

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On Monday, McDonald's India terminated its franchise agreements with Connaught Plaza Restaurants Limited (CPRL), which runs 169 restaurants in north and east India. Also, McDonald's has filed an appeal with the National Company Law Appellate Tribunal (NCLT) challenging the reinstatement of Bakshi.

He said...

"We go right back to the judiciary who gave me the right to come back and work in the company and to bring it back to its old glory. McDonald's doesn't want it. So I guess the decision finally have to be made, one way or the other. What you are forgetting is that I did not start this.

If partners have to part, they have to part on the basis of the policy of India.

He further said that according to Indian policy a foreign company wanting to buy out the shareholding of an Indian partner, it can do so on the basis of fair market value.

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