Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks 
Schott Pharma Stock Rises as Barclays Upgrades Rating on Growth Outlook 
Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut 
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead 
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO 
OpenAI Tightens AI Safety Monitoring After Security Incidents 
Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits 
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 
Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push 
Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised 
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside 
Shein Targets $26B-$27B Valuation for Hong Kong IPO 
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows 
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme 
Add as a preferred source on Google
US fast-food chain Wendy's will put up 400 cloud kitchens and traditional restaurants across India in the next decade, in a bid to catch up with rival McDonald's.
Wendy's and franchise partner the Sierra Nevada, which currently operates four brick-and-mortar restaurants and five cloud kitchens in India, would open 150 traditional restaurants.
The partners would also develop and operate 250 cloud kitchens in collaboration with Mumbai-based Rebel Foods.
Wendy's, which entered the market in 2015, said partnering with Rebel Foods will help it grow in India through digital innovation.
Rival fast-food chain McDonald's (MCD), which entered India in 1996 and its local franchise partners, already operates over 400 restaurants across the country.
According to Kallol Banerjee, co-founder of Rebel Foods, by plugging into a network of existing cloud kitchens in India, Wendy's will get immediate access to a rapid scale at far lower levels of capital.
Rebel Foods operates over 300 cloud kitchens, mostly in India.
Cloud kitchens are facilities that produce food solely for home delivery.
Because they don't need to attract passing dine-in customers, they are often located in buildings that charge lower rents than restaurants.
The global cloud kitchen market is expected to reach an estimated $71.4 billion by 2027.
