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...
Russian news agencies reported multiple casualties after a shooting incident at a concert venue near Moscow on Friday.
Here's what is known about the shooting so far:
Unidentified gunmen opened fire at the Crocus City Hall in Krasnogorsk near Moscow on Friday evening during a concert of the band "Picnic", TASS reported.
Preliminary information suggested machine guns were used in the shooting, TASS reported.
Eyewitnesses told Russian agencies there were many injured and dead.
Video posted online by Russian news agencies showed billowing clouds of smoke and flames rising from the venue building. TASS reported that people remain inside the building, which is almost completely engulfed in flames.
Special units of Russia's national guard as well as police and firefighters are on the scene, TASS said.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
from NDTV News- Special https://ift.tt/eIbdskP
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