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...
- Mr Jindal was also a Congress MP. He represented Kurukshetra constituency in the Lok Sabha from 2004 to 2014 as a Congress MP. This time, he said he wants to contribute to Prime Minister Narendra Modi's agenda of 'Viksit Bharat'.
- Mr Jindal had lost from Kurukshetra in 2014. He said the country has progressed under PM Modi's leadership in the past 10 years, and many historic steps such as the scrapping of Article 370 under the Constitution have been taken.
- The dream of having a Ram temple in Ayodhya has also been realised, Mr Jindal said. The BJP has said Mr Jindal's presence in the party will help the government's agenda of boosting the country's economy and prosperity.
- Sita Soren is the sister-in-law of former Jharkhand Chief Minister Hemant Soren. She will contest from Dumka (Scheduled Tribes) constituency. She joined the BJP on March 20, citing "isolation" and "neglect" by the JMM since her husband Durga Soren's death in 2009.
- Sita Soren was first elected MLA from Jama in 2009. She then became the JMM's national general secretary. She won the Jharkhand assembly election from Jama again in 2014 and 2019.
from NDTV News- Special https://ift.tt/3O59Nxq
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