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...
Afghanistan vs Pakistan, 2nd T20I Live Updates: Rahmanullah Gurbaz has kept one-down Afghanistan solid in the chase of 131 against Pakistan in the second T20I in Sharjah. Earlier, top knocks from Imad Wasim and Shadab Khan guided Pakistan to 130 for 6 in 20 overs. Opting to bat, Pakistan faced an early blow after Fazalhaq Farooqi dismissed Saim Ayub for a duck on the second ball of the innings. He then trapped Abdullah Shafique LBW on the very next delivery to take Afghanistan to a dream start. Pakistan kept on losing wickets at regular intervals but imad Wasim's 64 not out off 57 and Shadab's 32 off 25 took them to respectable total. (LIVE SCORECARD)
Pakistan (Playing XI): Saim Ayub, Mohammad Haris, Abdullah Shafique, Tayyab Tahir, Azam Khan(w), Shadab Khan(c), Mohammad Nawaz, Imad Wasim, Naseem Shah, Zaman Khan, Ihsanullah
Afghanistan (Playing XI): Rahmanullah Gurbaz(w), Ibrahim Zadran, Usman Ghani, Najibullah Zadran, Mohammad Nabi, Karim Janat, Azmatullah Omarzai, Rashid Khan(c), Mujeeb Ur Rahman, Fazalhaq Farooqi, Naveen-ul-Haq
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