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 police paraded them through the very market where they fired gun shots, threw down bombs in a busy market to celebrate the birthday of their gang leader in Uttar Pradesh, showed a video.
The incident, which was reported from the Lal Bangla area of Kanpur, took place on Wednesday.
CCTV footage helped zero in on the suspects and the police arrested three people.
The three arrested have been identified as Sahil (18), Debu Kumar Valmiki (27), and Razjulla (23).
The video showed that the men, surrounded by cops, were taken around the same busy market to restore confidence among the people.
A senior police officer assured that under no circumstances will the social peace be allowed to be disturbed.
"The police is keeping an eye on some of the associates of the three accused who have been arrested now and appropriate action will be taken against them," said the senior police officer.
(With inputs from Arun Agarwal)
from NDTV News- Special https://ift.tt/WO51wLu
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