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...
The Ahmednagar district in western Maharashtra will be renamed after Ahilyadevi Holkar, the legendary 18th century ruler of the Indore state, Chief Minister Eknath Shinde announced on Wednesday.
Mr Shinde was speaking at a function at Choundi in the district, the birthplace of Ahilyadevi (also known as Ahilya Bai), to mark her 298th birth anniversary.
Earlier, Deputy Chief Minister Devendra Fadnavis said at the function that he would request Chief Minister Shinde to rename Ahmednagar city as 'Ahilyanagar'.
"Our government works keeping in mind the ideal of governance set by Chhatrapati Shivaji Maharaj and Ahilyadevi Holkar. Therefore, as per the wish of all of you, we have decided to rename (the district) for Ahilyadevi Holkar," Mr Shinde said in his speech.
Mr Fadnavis said that had Ahilyadevi Holkar not been there, "there would not have been Kashi, temples of Lord Shiva." The ruling alliance of the BJP and Shinde-led Shiv Sena was a "Hindutva government," he added.
The Deputy Chief Minister also noted that before this, the Shinde government renamed Aurangabad as Chhatrapati Sambhajinagar and Osmanabad as Dharashiv.
The city of Ahmednagar, 120 km northeast of Pune, is said to have derived its name from the 15th century ruler Ahmad Nizam Shah
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