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...
All educational institutions including schools, colleges, and coaching centres will remain closed on Tuesday in Haryana's Gurugram, District Information and Public Relations Officer, Gurugram stated on Monday. The order has been issued by District Magistrate Nishant Kumar Yadav. This came in the wake of clashes between two groups on Monday. Two home guards were shot dead and about a dozen policemen were injured after a clash broke out between two groups in Haryana's Nuh district on Monday, the police officials said. The deceased have been identified as Neeraj and Gursevak who were deployed at Khedali Daula police station. As per the police, the policemen, who were injured in the clashes between two communities in Haryana's Nuh, have been admitted to Medanta Hospital in Gurgaon. Police said the mob attacked the police teams when they were marching towards Mewat from Gurugram. Mobile internet services have been suspended temporarily in the Nuh district of Haryana. Spe...