MUMBAI U.S. fast-food chain Subway aims to add 150 new restaurants in India by the end of the next calendar year, driven by growth in a country where a generation of young and increasingly wealthy consumers have a rising appetite for western tastes.
The company, which currently has 300 restaurants in India, is planning to increase its focus on smaller Indian cities in the coming years, it said in a statement.
It currently gets about 2.5 percent of its overall revenues from Asia, the statement said.
(Reporting by Nandita Bose; Editing by G.Ram Mohan)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article