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...
A Canadian-flagged ship on Wednesday brought ashore debris from the Titan submersible that imploded while on a voyage to the century-old wreck of the Titanic earlier this month, killing all five people on board.
Shattered fragments wrapped in white tarp pulled up by a crane off the Horizon Arctic vessel.
Video from the Canadian Broadcast Corporation showed what appeared to be the nose of the submersible and other shattered fragments wrapped in white tarp pulled up by a crane off the Horizon Arctic vessel at the St. John's harbor in Newfoundland on Wednesday morning.
The debris is expected to shed more light on the cause of the catastrophic implosion that killed everyone on board - OceanGate Expeditions CEO Stockton Rush; British billionaire Hamish Harding; Pakistani-born businessman Shahzada Dawood and his 19-year-old son, Suleman; and French oceanographer Paul-Henri Nargeolet.
It was not immediately clear where the debris was headed.
Canadian and US authorities have in the past week announced investigations into the incident, which has raised questions about the unregulated nature of such expeditions.
The deep-sea submersible operated by OceanGate Expeditions was discovered in pieces on the seabed some 1,600 feet (488 meters) from the bow of the Titanic by a robotic diving vehicle last week, ending a multinational five-day search for survivors.
"Our team has successfully completed off-shore operations, but is still on mission and will be in the process of demobilization from the Horizon Arctic this morning," Pelagic Research, which operates the robotic vehicle, said in a statement. It declined to comment further, citing confidentiality reasons.
Footage also showed a shattered part of the hull and machinery with dangling wires being taken off the ship at St. John's, where the expedition to the Titanic had set off from.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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