logo
Starcom secures McDonald's India West & South media mandate

Starcom secures McDonald's India West & South media mandate

Time of India2 days ago

Starcom India
has been awarded the coveted
media Agency of Record
(AOR) mandate for
McDonald's India
West and South. This significant win follows a two-decade-long partnership between McDonald's India and
Madison
, which had handled the account since 2004.
The win sees Starcom India taking charge of
media planning and buying
for the iconic fast-food giant in the crucial West and South markets. While OMD India continues to handle the mandate in the North and East region. The agency bagged the company's North and East region media mandate in 2023.
Commenting on the new partnership, Arvind R.P, CMO, McDonald's India (W&S), stated, 'We welcome Starcom India as our new Agency of Record (AOR) for media. Starcom brings a strong blend of strategic thinking and future-forward capabilities across data, digital, and tech, making them well-placed to partner with us on our growth journey. We would also like to thank Madison for a collaborative partnership that has spanned over the past two decades.'
In Q4FY25,
Westlife Foodworld
, the operator of McDonald's restaurants in West and South India, showed a revenue from operations of INR 603.14 crore, marking a 7.3 percent year-on-year growth. While net profit for the quarter saw a sequential decline to INR 1.52 crore, the company demonstrated a focus on
digital sales
, which contributed over 75 percent to total sales, and expanded its network by adding 18 new restaurants in Q4, bringing the total to 438 across 69 cities.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

RBI likely to cut repo rate by 25 bps on June 6 amid low inflation, say experts
RBI likely to cut repo rate by 25 bps on June 6 amid low inflation, say experts

Time of India

time3 hours ago

  • Time of India

RBI likely to cut repo rate by 25 bps on June 6 amid low inflation, say experts

NEW DELHI: The Reserve Bank of India (RBI) is likely to announce a third consecutive 25 basis points (bps) rate cut on June 6, amid easing inflation and global economic uncertainty driven by US tariff actions. With consumer price inflation remaining below the 4 per cent median target, experts believe the move would support growth during a period of external volatility, according to a PTI report. The Monetary Policy Committee (MPC), the RBI's rate-setting panel, will begin deliberations on the next bi-monthly policy on June 4. The decision is scheduled to be announced on Friday, June 6. Following 25 bps repo rate cuts in both February and April, which brought the key policy rate down to 6 per cent, the six-member MPC, led by RBI Governor Sanjay Malhotra, also changed its policy stance from 'neutral' to 'accommodative' in April. The central bank has now reduced the policy repo rate by a cumulative 50 bps in 2025 so far, prompting multiple banks to lower their External Benchmark Lending Rates (EBLRs) and Marginal Cost of Funds-Based Lending Rates (MCLR). "We do believe that given the rather benign inflation conditions and the liquidity situation which has been made very comfortable through various measures of the RBI, the MPC would go in for a 25 bps cut in the repo rate on the (June) 6th. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo The commentary on both growth and inflation will be important as there are expectations of revisions in their forecasts for both the parameters," said Madan Sabnavis, chief economist, Bank of Baroda. He also expects the RBI to provide detailed insight into global factors affecting the Indian economy, especially in light of the expiration of US tariff relief in July. ICRA's chief economist, Aditi Nayar, also projects continued monetary easing through the year, as CPI inflation is forecast to remain below 4 per cent for most of the fiscal. "A 25 bps rate cut is expected next week, followed by two more cuts over the subsequent two policy reviews, taking the repo rate to 5.25 per cent by the end of the cycle," she said. The RBI's annual report, released on Thursday reiterated the central bank's plan to manage liquidity operations in line with the prevailing monetary policy stance, ensuring sufficient liquidity for the productive sectors of the economy. The government has mandated the RBI to maintain CPI-based retail inflation at 4 per cent, with a flexibility band of plus or minus 2 per cent. Assocham Secretary General Manish Singhal also supported the case for easing, citing multi-year low inflation and overall positive macroeconomic indicators. "Though the INR is likely to come under depreciation pressure in the short term, especially if global interest rates (e.g. in the US) remain elevated, its impact will depend on the changes in global risk appetite, crude oil prices and the Fed's own monetary stance. We emphasize the importance of strategic patience over aggressive easing, given the current environment of steady growth and manageable inflation," said Singhal. Echoing similar sentiments, Signature Global founder and chairman Pradeep Aggarwal expressed hope that the RBI would offer relief to homebuyers with a rate cut. "Given that several scheduled commercial banks have been reducing their lending rates following the previous two RBI MPC outcomes, another rate cut at this juncture would act as a catalyst for increased housing demand across segments. As a result, both first-time homebuyers and investors are likely to be encouraged to enter the real estate market, further strengthening demand across the sector," Aggarwal said. Also read: RBI slaps Rs 54.78 crore in penalties on banks and NBFCs for compliance lapses in FY25 An article in the RBI's May Bulletin highlighted that domestic bond yields have declined to multi-year lows, aided by back-to-back policy rate cuts and liquidity-enhancing measures. The report noted that monetary and credit conditions are evolving in line with the RBI's accommodative policy approach, aiming to bring inflation in line with targets while bolstering growth. India's GDP growth is estimated to have dipped to a four-year low of 6.5 per cent in FY 2024–25. Meanwhile, retail inflation in April 2025 eased to 3.16 per cent- the lowest year-on-year print since July 2019. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

1:2 stock split: THIS company fixes record date, check details here
1:2 stock split: THIS company fixes record date, check details here

India.com

time4 hours ago

  • India.com

1:2 stock split: THIS company fixes record date, check details here

शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा MURAE Organisor Ltd has officially announced a stock split in the ratio of 1:2, marking yet another strategic step in its effort to broaden investor participation and increase stock liquidity. The company's Board of Directors has fixed Wednesday, June 11, 2025, as the record date for this sub-division of equity shares. Shareholders holding one equity share of face value ₹2 as of the record date will receive two equity shares of ₹1 each. This move, approved by shareholders through a postal ballot on May 29, 2025, is expected to lower the entry barrier for retail investors while improving market depth. Earlier, the company had announced its intent to acquire agricultural land in the strategically vital region of Kutch, Gujarat. This acquisition underscores the company's commitment to broadening its business horizons into agriculture and industrial sectors. The proposed acquisition involves an investment estimated between INR 200 million and INR 250 million. This initiative is contingent upon thorough due diligence processes and the requisite regulatory approvals and statutory clearances. The company intends to utilize the acquired land primarily for cultivating premium-quality pomegranates, exploiting Kutch's advantageous agro-climatic conditions, renowned for high-yield and quality horticulture. This agricultural project aligns seamlessly with government schemes aimed at promoting modern agricultural practices and sustainable growth, including the National Horticulture Mission and Pradhan Mantri Krishi Sinchai Yojana (PMKSY). Additionally, MURAE Organisor Ltd. plans to set up a state-of-the-art distillery facility on the acquired premises, significantly broadening its operational capacity and enhancing its product offerings. This diversification into value-added products in the industrial segment positions the company strategically in an under-explored yet lucrative market segment, promising substantial margin improvement and sustainable long-term growth. The company's proposed venture is poised to benefit significantly from the Gujarat Industrial Policy 2020, which offers various incentives such as capital subsidies, tax concessions, and infrastructure support. The supportive regulatory environment, coupled with sector-specific government initiatives, creates an encouraging framework for rapid and profitable business expansion. For the financial year ended March 31, 2025, the company reported total revenue of ₹85.48 crore, a staggering increase compared to just ₹0.25 crore in FY24. The full-year net profit stood at ₹7.51 crore, against ₹5.31 lakh in the previous year, signaling a strong earnings rebound. The Q4FY25 net profit alone was ₹2.85 crore, underscoring consistent quarterly performance. MURAE's financials also show a notable build-up in trade receivables and cash positions, suggesting an expansion in operational scale and reach.

RBI likely to deliver 3rd consecutive rate cut of 25 bps on Friday: Experts
RBI likely to deliver 3rd consecutive rate cut of 25 bps on Friday: Experts

Business Standard

time4 hours ago

  • Business Standard

RBI likely to deliver 3rd consecutive rate cut of 25 bps on Friday: Experts

The Reserve Bank is likely to go for a third consecutive rate cut of 25 basis points on Friday as inflation continues to remain below the median target of 4 per cent, to push growth amid continued global uncertainty triggered by the US tariff moves. Reserve Bank's rate-setting panel Monetary Policy Committee (MPC) will start deliberations on the next bi-monthly monetary policy on June 4 and announce the decision on June 6 (Friday). The RBI reduced the key interest rate (repo) by 25 bps each in February and April bringing it to 6 per cent. Six-member MPC headed by RBI Governor Sanjay Malhotra also decided to change the stance from neutral to accommodative in its April policy. In response to the 50-bps cut in the policy repo rate since February 2025, most of the banks have reduced their repo-linked external benchmark based lending rates (EBLRs) and marginal cost of funds-based lending rate (MCLR). "We do believe that given the rather benign inflation conditions and the liquidity situation which has been made very comfortable through various measures of the RBI, the MPC would go in for a 25 bps cut in the repo rate on the (June) 6th. The commentary on both growth and inflation will be important as there are expectations of revisions in their forecasts for both the parameters," said Madan Sabnavis, Chief Economist, Bank of Baroda. He also expects that the RBI will detail its analysis on how the global environment would be affecting the Indian economy considering that the tariff reprieve provided by the US would end in July. Aditi Nayar, Chief Economist, ICRA said with CPI inflation forecast to trail 4 per cent for a large part of this fiscal, monetary easing by the MPC is likely to continue. "A 25 bps rate cut is expected next week, followed by two more cuts over the subsequent two policy reviews, taking the repo rate to 5.25 per cent by the end of the cycle," she said. In its annual report released on Thursday, the RBI said monetary policy is committed towards achieving durable price stability, which is a necessary prerequisite for high growth on a sustained basis. The Reserve Bank also said it will undertake liquidity management operations in sync with the monetary policy stance and keep system liquidity adequate to meet the needs of the productive sectors of the economy. The government has mandated the central bank to ensure Consumer Price Index (CPI) based retail inflation remains at 4 per cent with a margin of 2 per cent on either side. Secretary General of industry body Assocham, Manish Singhal too believes that with inflation hitting multi-year lows and expectations remaining benign, there is room for monetary easing and 25 basis points reduction in the repo rate in the upcoming policy. "Though the INR is likely to come under depreciation pressure in the short term, especially if global interest rates (e.g. in the US) remain elevate, its impact will depend on the changes in global risk appetite, crude oil prices and the Fed's own monetary stance. We emphasize the importance of strategic patience over aggressive easing, given the current environment of steady growth and manageable inflation," Singhal said. Pradeep Aggarwal, Founder and Chairman, Signature Global believes that the Reserve Bank of India is once again expected to offer major relief to homebuyers in its upcoming MPC meeting by reducing the repo rate by 25 basis points, driven by easing inflation and a stable economic outlook. "Given that several scheduled commercial banks have been reducing their lending rates following the previous two RBI MPC outcomes, another rate cut at this juncture would act as a catalyst for increased housing demand across segments. As a result, both first-time homebuyers and investors are likely to be encouraged to enter the real estate market, further strengthening demand across the sector," Aggarwal said. According to an article published in the RBI's May Bulletin, domestic bond yields steadily declined to multi-year lows, aided by back-to-back policy rate cuts in February and April 2025 and the liquidity measures that augmented durable liquidity. The overall monetary and credit conditions are evolving in sync with the Reserve Bank's extant monetary policy stance of ensuring that inflation progressively aligns with the target, while supporting growth. India's GDP growth has been estimated to have slowed to four-year low of 6.5 per cent during fiscal 2024-25. Retail inflation in April 2025 was at 3.16 per cent, the lowest year-on-year inflation after July 2019.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store