In the December quarter, the Maharashtra's FDA suspended the licence of a McDonald’s outlet in Ahmednagar over claims that its McCheese burger violated local food standards. This prompted the company to remove the word ‘cheese’ from several items on its menu in the state.
2 min read5 Mar 2024McDonald’s is the latest major American brand to report that boycott calls on social media and elsewhere have had a serious impact on its sales. The boycott calls were given by Palestinian groups after Israel attacked Gaza following the October 7th Hamas attacks on the country, in which hundreds of Israeli civilians lost their lives. Calls to boycott brands which are seen as supportive of Israel have been gaining ground. Dominoes, Starbucks, and Burger King are some of the other brands which have reported the adverse impact of the call on sales. Watch.
8 Feb 2024McDonald's says global same-store sales rose 8.8% in the July-September period
1 min read30 Oct 2023McDonald's outlets in Qatar, Oman, UAE and Saudi Arabia have supported Palestine with financial relief, posing a stark contrast in stance against that of McDonald's Israel, which is extending support for Israeli soldiers fighting Hamas.
1 min read16 Oct 2023Westlife Foodworld Q1 Results: The franchisee of the US fast-food chain reported a rise of 22 per cent in net profit at ₹288 crore in the June quarter
3 min read27 Jul 2023Chain reports 63% jump in quarterly net income, $180 million charge related to layoffs and office closures
1 min read25 Apr 2023Fast-food company expected to notify workers of their job status virtually
2 min read3 Apr 2023McDonald's Corp has asked employees to cancel all in-person meetings with vendors and other outside parties at its headquarters.
1 min read3 Apr 2023McDonald's has hired external consultants to investigate unauthorised activity on an internal security system, with the investigators discovering the data breach in certain markets
1 min read11 Jun 2021McDonald’s will launch a 'McPlant' line of plant-based menu items it will make itself, though it previously tested a vegan 'P.L.T.' burger by Beyond Meat Inc in CanadaBeyond Meat’s shares plunged on the news, erasing gains and falling as much as 7.5%. Trading in the stock was briefly paused due to volatility.
2 min read9 Nov 2020The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared