Thousands of McDonald’s employees in limbo; DACA repeal to hit 7,000 Indians in US
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Thousands of employees are in limbo as 169 McDonald’s outlets in North and East India are set to close today. That’s because Connaught Plaza Restaurants Ltd (CPRL), a 50:50 joint venture between McDonald’s and estranged partner Vikram Bakshi, will no longer be allowed to use the American fast food major’s brand name and intellectual property — signs, Big Mac recipes, down to the soda cups. The two partners have been embroiled in a legal battle for years now, and McDonald’s last month terminated their agreement, alleging financial irregularities and material breaches to the franchisee deal. Bakshi lost a final legal appeal today. “This will cause widespread damage to the lives of over 10,000 Indians (directly and indirectly), the company, the suppliers and all business associates,” Bakshi has said. McDonald’s has made no statement on the number of jobs affected.The battle has brought some cheer at least to competing chain Subway, which saw a 8% jump in sales.
Apple’s refusal to approve India’s anti-spam iPhone app may harm the company’s expansion plans here. The Telecom Regulatory Authority of India wanted its own ‘Do Not Disturb’ app included in Apple’s e-store to help mobile operators block spammers. Apple, however, argued that this ask violates its policies. Presently, Apple has just a 2.6% share of India’s smartphone market, which is dominated by Google’s Android. Given its slowing revenue from developed markets, Apple CEO Tim Cook is betting big on India, where at least half a billion smartphones will be sold by 2020.
India has deregistered 200,000 suspected companies and frozen their bank accounts. The reason: no business operations for the last two years. The move is part of a larger crackdown on illegal transactions and tax evasion. Banks have also been put on notice to immediately restrict the bank accounts of the struck-off companies and increase their due diligence.
More than 7,000 Indians in the US, who arrived illegally as children, could face deportation as US President Donald Trump repealed an Obama-era amnesty program. Deferred Action for Childhood Arrivals (DACA) protects 800,000 people from deportation and allows them to apply for work permits. The affected people might lose their right to attend college, purchase homes and begin careers in the US.
Amazon India may stop doling discounts as it seeks to become profitable by 2019. The global e-commerce giant, which has already spent $2 billion in India, aims to cut losses without compromising on sales growth through its “Get Fit” campaign. Launched in June 2016, it involves cutting packaging costs, bringing more automation into warehouses and delivering products more efficiently. Meanwhile, Flipkart is expanding its war chest and it will be interesting to see if Amazon can retain customers even with a zero discounts strategy.
Idea of the day: Omnicomm Chief Innovation Officer Avinash Jhangiani shares his two cents on how companies can bring creativity back to the workplace. He says, “Digital transformation is about people, not about technology or art.”
“The reason why most companies are failing at transformation and innovation is because they haven't learnt how to fail fast…We struggle because "Play" and "Work" seem paradoxical.”
What's your take? Share your thoughts on today’s stories in the comments.
— Nirajita Banerjee / Share this using #DailyRundownIndia
Class A Heavy Haul Dump Truck Driver/Heavy equipment operator at Zemba Bros., Inc.
7 年Well since I read the comments first, sorry I like to scroll and get ideas. Anyways thanks Mr. Randal Hall for reading ahead. Whether or not it's in India , the United states or else where, when people emmigrate to other places, cities and countries to try and better them selves, local industry will lose its work force. Now that being said, I had my wife quit her security job on midnights because of her diabetes and she took a local job 2 minutes from home at our local mcdonalds. Within regard to her taking that job she in the past was a headstart teacher and she had worked at 2 other mcdonalds. My wife excels at working the drive through window, counting money and treating others with respect and she keeps a better pace then some other workers. Not to disregard the other workers but others are both new workers, young workers , older workers, some are hard workers and others haven't learned speed, and a good work ethic. But all in all people have to learn, have to be taught or shown new things instead of just being thrown into the ring of fire as I call it without training. As for my wife , do I know she could do better and have a more interesting and pushing job , yes, but right now she enjoys the pace and the crew.
Very Happily Retired at Last - Last Job DoD Commisary Agency
7 年Well, get off of your butt and call or email your congressman or congresswoman and tell them to push for a vote in the House regarding DoCA.
I wish we were focusing more on creating middle-class supporting jobs and lifelong careers in America, rather than more bottom-rung part-time jobs most suitable for students. These days it seems conservatives' only ideas for the future involve taking huge steps backward. Destroying our social fabric is no way to rebuild America.
Marketing Executive
7 年please send your contact number my contact number whatsaap 0091-8793204460 / 7066156301