McDonald's to Open Vegetarian Restaurants in India: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include McDonald's ( MCD) upon the announcement that the fast food chain known for its hamburgers will be opening vegetarian-only restaurants in India.

McDonald's plans to open the vegetarian restaurants in northern Indian cities populated by Hindus and Sikhs. One restaurant will be in Amritsar, which houses a holy site for Sikhs, the Golden Temple. Another will be in Katra in Jammu Kashmir, which is largely populated by Hindus.

The restaurants will feature items like the McAloo Tikki, a burger consisting of a breaded potato patty with onions, tomatoes and a vegetable sauce, or the Pizza McPuff, a pastry consisting of vegetables and cheese.

McDonald's already caters to Indians by leaving beef and pork off its menus in the country. Hindus, which make up the majority of India's population, do not eat beef for religious reasons.

India is the world's second most populous nation, yet McDonald's currently only has 250 locations in the country, of its more than 33,500.


FedEx ( FDX) is trending upon cutting its earnings forecast.

"Weakness in the global economy constrained revenue growth at FedEx Express more than expected in the earlier guidance," FedEx said.

FedEx expects to earn $1.37 a share in its fiscal first quarter, compared with its earlier forecast of $1.45 to $1.60 a share. The reduced forecast is the second time since June the company's profit estimate has failed to meet analysts' predictions. In June, the company lowered its forecast for U.S. economic growth to 2.2% for the year ending May 31, down from its previous prediction of 2.3%.

With its large size and worldwide presence, FedEx is often considered a bellwether of the global economy.


ING Group ( ING) is another popular search. The Dutch company plans to sell its 9% stake in Capital One ( COF).

ING said late Tuesday that it plans to sell 54 million shares in Capital One. Based on Tuesday's close, the stake is worth about $3 billion. It will be executed through an underwritten public offering. The transaction is expected to be completed on Sept. 10.

ING has been forced to sell assets as a condition of the bailout it received from the Dutch government in 2008.

ING obtained the shares when Capital One purchased ING Direct USA in February for $9 billion.


The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.
Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

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