India: McDonald’s buys out Vikram Bakshi, ends six-year-long dispute

People walk past the entrance to a McDonald's restaurant in Shanghai, China, July 30, 2015. BRANDS/MCDONALDS REUTERS/Aly Song

Ending a six-year-long dispute between McDonald’s Corp. and its estranged India partner Vikram Bakshi, the local unit of the US fast-food chain on Thursday said it has bought out Bakshi’s 50% stake in their joint venture Connaught Plaza Restaurants Ltd (CPRL).

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.