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...
As many as 16 people died due to heat-related causes in just two hours in the district hospital in Bihar's Aurangabad on Thursday. The maximum temperature in the city was 44 degrees Celsius on Thursday and, at 48.2 degrees, it was the hottest place in Bihar on Wednesday, setting a record for the state.
Visuals showed family members of the dead crying at the hospital. A doctor said at least 35 more patients have been admitted because of heat-related causes, but added that all arrangements are in place.
"We have enough doctors, medicines and ice packs, and more coolers have also been arranged," he said.
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