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...
Alef Aeronautics's flying car has received legal approval to fly from the US Government. The car company announced that it has received a Special Airworthiness Certification from the US Federal Aviation Administration (FAA), according to Aviation law firm Aero Law Center. It is the first time a vehicle of this nature has been certified in the US.
"The FAA is actively working on its policies for electrical vertical takeoff and landing (eVTOL) vehicles, as well as governing interactions between eVTOLs and ground infrastructure," Alef Aeronautics said in a statement.
"Alef's Special Airworthiness Certificate, therefore, limits the locations and purpose for which Alef is permitted to fly," the statement added.
Based in San Mateo, California, the flying car is 100 per cent electric and can carry one or two occupants. The car costs roughly $300,000 as it can fly over stopped traffic and accidents on roadways, reported Fox News.
The company unveiled a full-sized sports car along with two working full-size technology demonstrator cars in October 2022. In January, the company said that over 440 of its vehicles had been pre-ordered "from both individuals and corporate consumers."
According to reports, the company hopes to begin delivering flying cars to customers by the end of 2025.
"Alef is aiming to deliver the first real flying car in history, and to receive so many early pre-orders is an incredible validation of the market potential we're looking to satisfy," Jim Dukhovny, Alef's CEO, said in a statement earlier this year.
According to its website, the flying car is being developed for driving on a "regular urban or rural road." It can be parked in a regular parking space and inside a regular-sized garage.
The car won't go faster than 25 miles per hour on a paved surface as it is a low-speed vehicle. "The assumption is that, if a driver needs a faster route, a driver will use Alef's flight capabilities," Alef states on its website.
from NDTV News- Special https://ift.tt/mb3TqNn
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