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 Election Commission on Saturday issued a notice to ruling BRS working president and IT Minister K T Rama Rao for allegedly visiting a government institution here and using the platform for political activities and sought a reply from him by Sunday afternoon.
The EC in its notice said it had received a complaint from Congress MP Randeep Singh Surjewala, wherein it was alleged that Rama Rao, a star campaigner for BRS visited the office of 'T-works' and interacted with a large number of youth employed in the office on November 20.
The Commission obtained a factual report on the matter from the Telangana Chief Electoral Officer (CEO).
Referring to the provisions of MCC that the ministers shall not combine their official visit with electioneering work and shall not also make use of official machinery or personnel, the Commission in its notice observed that, Rama Rao, is not only a contesting candidate in the upcoming assembly election but also a start campaigner of the BRS.
"Whereas, the Commission is, prima facie, held that that by visiting to a Government Institution and using the platform of T-works for political activities and combining your official visit with political/private visit, you have violated the instruction of the Model Code of Conduct (MCC)," the Commission said in its notice.
The Commission asked Rama Rao to explain his stand in respect of the visit and use of a Government Institute for political purposes by 3 PM on November 26.
In the event of no response from Rama Rao's side within the stipulated time, it will be presumed that he had nothing to say in the matter and that the EC will take appropriate action or decision in the matter without making any further reference to him.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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