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...
- After a meeting that lasted seven hours, Mr Thakur, flanked by some of India's most celebrated wrestlers, in a news conference assured that the government will support the wrestlers at every step of their battle.
- "An oversight committee will be set up. It will take four weeks to give a report. Any allegation, whether sex harassment or financial wrongdoing, we will dive deep and investigate them. We will take action after that," Mr Thakur said.
- After meeting Mr Thakur, the wrestlers called off their protest against alleged sex harassment and misappropriation of funds.
- "Till the time the investigation is not complete, a committee will see to the day to day working (of the Wrestling Federation of India)...I thank the athletes for speaking to me," Mr Thakur said.
- Olympic medallist Bajrang Punia said the minister has assured he is with the wrestlers at every step. "Prime Minister Narendra Modi has also always supported our athletes," Mr Punia said.
- The Indian Olympic Association has also announced a seven-member panel to investigate the allegations against Mr Singh. The panel will have noted athletes Mary Kom, Dola Banerjee, Alaknanda Ashok, Yogeshwar Dutt and Sahdev Yadav as members.
- Mr Singh has denied the allegations and refused to resign. "If I speak, there will be a tsunami...I am not here because of someone's charity. I have been elected by the people," he told reporters in Uttar Pradesh's Gonda.
- Earlier, Mr Thakur had dialled Mr Singh and cautioned him against making any statement to the media.
- Ahead of the meeting on Friday night, the wrestlers had sent a letter to PT Usha, the head of the Indian Olympic body, seeking action against Mr Singh.
- "Vinesh Phogat was mentally harassed and tortured by the WFI chief after she missed out on an Olympic medal in Tokyo. She almost contemplated suicide," the wrestlers wrote in their letter to Ms Usha, adding "they fear for their lives". Ms Phogat has agreed to reveal the identity of the sex harassment survivors to the Indian Olympic Association committee.
from NDTV News- Special https://ift.tt/N1iLRH4
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