McDonald’s
to open vegetarian restaurants in India
McDonald's Corporation (NYSE:MCD) is all set to open
vegetarian restaurants in India, the first for the fast food chain. The company has arrived at this decision
after taking into consideration customer preference for vegetarian food. These outlets will be located in places of
pilgrimage. However, the company has not
yet set a date or number. The hamburger
chain has also stated that they do not serve beef and pork in their Indian
restaurants and that there are separate sections or vegetarian and non
vegetarian food.
Hindus who form the majority of India’s 1.2 billion population
do not eat beef. McDonald’s said it is
not aware of any vegetarian only outlets in India. But franchises may already be offering menus sans
meat.
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MCD New Highs This year? Find Out Here
In 2002 , the fast food chain had agreed to donate
$10 million to U.S. Hindu groups who had filed lawsuits accusing the company of
using vegetable oil with beef flavors for preparing French fries and hash
browns and then labeling these items as vegetarian.
Halliburton
scrip slides on lower guidance
Meanwhile the shares of Dallas-based Halliburton
Company(NYSE:HAL) fell on lower guidance.
The company said that revenues from North America are likely to fall in
the third quarter. Reduced drilling
activities and weakness in price might shave off 2.5 to 3 percent of profits
from North America, according to Chief Financial Officer Mark A. Mccollum. The Houston based company reported flat net
profits in the second quarter, the 22 percent rise in revenue
notwithstanding. 57 percent of the
revenue was from North America.
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Free Trend Analysis on HAL Here
On Tuesday, the Halliburton scrip was down by 61
cents or 2 percent and was trading at $32.15.
Earlier, it had hit a low of $31.00.
The stock has been trading in the range of $26.28 and $43.08 in the past
one year.
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