Subway

Business Standard brings you the top headlines at this hour

Goldman Sachs Asset Management and Bain, along with private equity firms TDR Capital and TPG, have tabled indicative offers for Subway, the news outlet reported

A sale of the company could value it at more than $10bn, according to the Wall Street Journal, which first reported the story

Delhi High Court said the term 'sub' is used widely by eateries for submarine sandwiches

The process is in its early stages and Subway could still decide against pursuing a sale

Frank James, 62, spoke only to answer yes to standard questions during the brief proceeding in a federal court in Brooklyn

In 1965, he and DeLuca opened Pete's Super Submarines in Bridgeport, with the priciest sandwich selling for 69 cents

This may set a precedent wherever franchisers are named as respondents in a case against franchisees

Questions the authority over including it as respondent in a case against its franchisee

Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers

Proceeds will be used to roll out new outlets, retire debt; Issuer to have market cap of Rs 2,290 cr at upper end of price band

Subway is the largest fast-food company in the world by store count, with more than 24,000 restaurants in the United States alone

The incident occurred on May 16 when a consumer, Marunganti Vamshikrishna Reddy, was shocked to find cockroaches in a soft drink consumed by his daughter