In a departure from its usual global practice, the US chain will also hold a minority stake in the Indian franchisee, said a person familiar with the development.
A technical team of Reliance Retail is working on the project and may adopt the marketplace model, a person aware of the development said.
McAloo Tikki burger has become part of the legal battle between the fast food company and one of its two local joint venture partners.
LVMH-owned Sephora may dump Genesis Colors, in talks with DLF Brands for new franchise partner in India
The spat between LVMH-owned private firm L Capital Asia and Genesis Colors may lead to Sephora finding itself a new franchise partner in India.
Raj Jain is popular because he is a good strategist, calm in nature and, most importantly, has excellent people-management skills, say Bharti officials.
After Bharti, Walmart in no hurry to get into retailing; cash-and-carry stores remain winning formula
Analysts say focusing on the 20 Best Price cash-and-carry stores is the best option for the US giant as the business has proved lucrative.
The announcement puts an end to the prospects of a joint retail venture, almost exactly a year after India eased overseas investment rules for the sector.
The burgers will be priced at Rs 275 to Rs 375 compared with Rs 25 to Rs 110 excluding taxes at McDonald's, said Bakshish Dean, a renowned professional chef.
Overseas investment in e-commerce could be one of the bargaining chips Prime Minister Manmohan Singh has to offer on his current trip to the US.
Indian fans of Christiano Ronaldo can get their hands on the sexy Portuguese football star's own line of undergarments soon.
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