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...
Rajasthan Chief Minister and Congress leader Ashok Gehlot has dared Home Minister Amit Shah to name the officers of a central agency who the BJP leader alleged had put pressure on him to frame his party colleague and the then Chief Minister Narendra Modi in a fake encounter case. Mr Gehlot said if the Delhi Police can ask Congress leader Rahul Gandhi to give details of women in Jammu and Kashmir who have alleged sexual harassment, the same cops can surely ask Mr Shah to give the names of the officers who wanted him to frame Narendra Modi before he became Prime Minister in 2014. During the Bharat Jodo Yatra, Mr Gandhi had alleged "women were still being sexually assaulted" in the Union Territory. After the yatra ended and 45 days later, a Delhi Police team knocked on Mr Gandhi's doors thrice in five days, which the Congress termed unprecedented harassment. The Congress alleged the cops won't do any such thing if BJP leaders gave controversial comments at public even...