Company Overview and News
Mumbai: Hardcastle Restaurants Pvt. Ltd, the company that runs McDonald’s outlets in south and west India, is now serving food preservative-free patties for Indians who associate preservatives with unhealthy and processed foods.
Hardcastle Restaurants, the master franchisee of fast food chain McDonald's in west and south India, plans to invest Rs 800 crore to Rs 1,000 crore over the next three years to introduce healthier food options and digitise its stores.
3:30 pm Market at Close: After trading the day largely rangebound, intense buying in the last hour pushed up benchmark indices.
Hardcastle Restaurants Pvt Ltd (HRPL), a master franchisee of McDonald’s restaurants in West and South India is planning to take its current 270 outlets to 400-500 outlets by 2022.
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Fast-food major Yum! Brands, which operates Pizza Hut and KFC restaurants in India, saw strong sales growth for the sixth straight quarter (October-December), pointing to recovery in food services. This is also the highest growth in six quarters for the two brands, indicating that their turnaround is on track, analysts tracking the market said. For the October-December period, both KFC and Pizza Hut reported a system sales growth rate of 18 per cent for India, the quarterly results declared by Yum! Brands on Thursday show.
Westlife Development, the master franchise of McDonald’s restaurants, has assigned a capex outlay of ₹120 crore for the next financial year. With plans of adding 25-30 restaurants in South and West India, the capex would also involve refurbishing its existing stores and brand extensions in its menus.
Westlife Development, which runs McDonald’s restaurants in the west and south of India, reported its tenth consecutive quarter of same-store sales growth (SSG), at 20.7 per cent for the three months ended December 2017 — among the highest in the domestic fast-food space. Year-on-year revenue growth was also high at 26.2 per cent, with the company posting its third straight quarter of positive profit after tax (PAT), coming at a time when McDonald’s restaurants in the north and east territories, led by Vikram Bakshi, have suffered on account of a dispute between the two partners.
Westlife Development, the owners of the master franchisee of McDonald's restaurants in the Western and Southern markets, returned to the black with a net profit Rs 7.75 crore for the quarter to December against a net loss of Rs 1.71 crore a year ago.
Investors sentiment remained weak on Monday as benchmark indices extended sell-off for the fifth consecutive session, dented by global weakness on worries that US inflation could rise faster than expectations.
3:30 pm Market Closing: Benchmark indices closed sharply lower on Monday as the Sensex was down 309.59 points or 0.88 percent at 34,757.16, and the Nifty fell 94.10 points or 0.87 percent to 10,666.50, dragged by private banking & financials.
10:20 am Results today: Tata Motors, Colgate Palmolive, Ujjivan Financial Services, Bosch, Ador Welding, Alkyl Amines, Astrazeneca Pharma, Century Plyboards, Cochin Shipyard, BASF, Cosmo Films, ENIL, Eveready Industries, Greaves Cotton, HUDCO, IFCI, Igarashi Motors, JSW Holding, Kalyani Steels, MM Forgings, Mcleod Russel, Mold-Tek Packaging, Omkar Specialty chemicals, Panama Petrochem, Sheela Foam, Timken, Themis Medicare, Tribhovandas Bhimji Zaveri, Usha Martin, Weizmann Forex and Westlife Development will announce earnings today.
Benchmark indices closed rangebound session on a flat note but the broader markets corrected further on profit booking for second consecutive session Tuesday.
New Delhi: If you live in north or east India, and have a fondness for the distinctive flavours of fast-food giant McDonald’s, it seems you’re going to have a problem. The company’s most popular desserts, the McFlurry, the McSwirl and Soft Serve, are at times unavailable in restaurants across the National Capital Region (NCR) centred on Delhi. Other popular products like wraps and burgers also drop in and out of availability.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- CESC, 5Paisa, Suzlon Energy, Adani Enterprises, Wonderla Holidays, Automotive Axles, and Westlife Development.
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Overview Anthera Pharmaceuticals, Inc. is a biopharmaceutical company focused on advancing the development and commercialization of innovative medicines that benefit patients with unmet medical needs. The company currently have two compounds in development, Sollpura and blisibimod. The company licensed Sollpura from Eli Lilly & Co (“Eli Lilly”) in July 2014. Sollpura is a novel non-porcine investigational Pancreatic Enzyme Replacement Therapy (“PERT”) intended for the treatment of patients with Exocrine Pancreatic Insufficiency (“EPI”), often seen in patients with cystic fibrosis and other conditions. The company licensed blisibimod from Amgen, Inc. (“Amgen”) in December 2007. Blisibimod targets B-cell activating factor, or BAFF, which has been shown to be elevated in a variety of B-cell mediated autoimmune diseases, including Immunoglobulin A nephropathy, or IgA nephropathy. Sollpura The exocrine pancreas is responsible for synthesis and secretion of digestive en...
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Business Agenus is a clinical-stage immuno-oncology (“I-O”) company dedicated to becoming a leader in the discovery and development of innovative combination therapies and committed to bringing effective medicines to patients with cancer. The company's business is designed to drive success in I-O through speed, innovation, and effective combination therapies. Agenus has assembled fully integrated capabilities from novel target discovery, antibody generation, cell line development, and good manufacturing practice (“GMP”) manufacturing together with a comprehensive portfolio consisting of antibody-based therapeutics, adjuvants and cancer vaccine platforms. The company leverage its immune biology platforms to identify effective combination therapies for development and have developed productive partnerships to advance its innovation. The company believe the next generation of cancer treatment will build on clinically validated antibodies targeting CTLA-4 and PD-1 combined wi...
2018-05-21 - Asif
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