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...
In a shocking revelation, Australian cricket legend Allan Border on Friday has said he has Parkinson's disease and it would me a "miracle" if he makes it 80. The former Australian captain, who will turn 68 on July 27, was diagnosed with the nervous disorder in 2016. "I walked into the neurosurgeon's and he said straight up, 'I'm sorry to tell you but you've got Parkinson's'," the 1987 World Cup winning Australian skipper told Newscorp. "'Just the way you walked in. Your arms straight down by your side, hanging not swinging.' He could just tell." Border had only confided about this to Dean Jones, who died of heart attack in 2020. "I'm a pretty private person and I didn't want people to feel sorry for me sort of thing," he said. "Whether people care you don't know. But I know there'll come a day when people will notice. I get the feeling I'm a hell of a lot better off than most. At th...