India's quick-service restaurant (QSR) industry is showing early signs of demand recovery, but Macquarie highlights rising costs and intensifying competition from food-delivery aggregators as reasons for its cautiousness. According to Macquarie, post-fourth-quarter trends indicate a gradual improvement in dine-in demand across restaurant chains. Within the sector, Macquarie remains most constructive on franchise operators Devyani International, Sapphire Foods and Westlife Foodworld. However, the recovery remains uneven and is being overshadowed by inflationary pressures and the growing dominance of delivery platforms such as Zomato and Swiggy. The brokerage said same-store sales growth across the listed QSR universe is tracking broadly in line with or slightly ahead of fourth-quarter levels. However, restaurant brands continue to trail delivery aggregators in growth, highlighting a structural shift in consumer behaviour. To counter this trend, restaurant operators have increa...
While the controversy over Bihar Education minister's remark on Ramcharitmanas is yet to die down, another minister, Alok Mehta, on Saturday made a snide remark against Brahmins and Uttar Pradesh Chief Minister Yogi Adityanath, saying those who tolled bells at temples were now ruling states.
At a public meeting in Bihar's Bhagalpur district, state Revenue Minister Alok Mehta on Saturday said, "People, who used to toll bells at temples, are now occupying powerful positions. Take Uttar Pradesh Chief Minister Yogi Adityanath for instance."
Further, targetting upper caste communities, the minister said 10 per cent of the country's population, who used to be agents of the British Raj, are now runnning their writ on the remaining 90 per cent comprising disadvantaged and backward communities.
"Ninety per cent of our population, which was represented by (former Bihar deputy chief minister) Jagdev Babu, was exploited first by the British Raj and then by their agents, whom Jagdev Babu called 10 per cent," Mr Mehta claimed.
Facing a huge backlash on social media, the minister clarified his statements.
In a personalised video, Mr Mehta said the 10 per cent that Jagdev Babu talked about are not people of any particular caste but represent a class, which has been exploiting the backward classes and the practice continues to this day.
Earlier, Bihar Education Minister Chadra Shekhar triggered a row with his statement that Ramcharitmanas, a poem based on the epic Ramayana by Tulsidas, is divisive and spreads hatred in the society.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
from NDTV News- Special https://ift.tt/CRF0p4f
Comments
Post a Comment