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Restaurant Recovery: Macquarie Has Picked Winners, And Jubilant Isn't On The List

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...
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Delhi Services Bill, Manipur May Raise Storm In House Again: 10 Points

  1. The Government of National Capital Territory of Delhi (Amendment) Bill has become a rallying point for a united opposition against the BJP-led National Democratic Alliance (NDA).
  2. The draft bill to replace the ordinance for creating an authority for transfers and postings of senior officers in the Delhi government has been circulated among the MPs.
  3. Delhi Chief Minister Arvind Kejriwal's Aam Aadmi Party (AAP), which is a part of the opposition coalition INDIA, has reacted strongly against the bill. The Congress and other opposition parties have also come out against the bill.
  4. Parliament proceedings have been affected by the opposition's demand for Prime Minister Narendra Modi to speak on the Manipur ethnic conflict in parliament.
  5. Home Minister Amit Shah has clearly said he was ready to respond to a discussion in parliament on the Manipur matter.
  6. But the opposition turned down Mr Shah's offer, and moved a no-confidence motion against the government as a last bid to make PM Modi speak on the Manipur violence in parliament.
  7. The opposition is upset over the government's approach of going ahead with its legislative agenda at a time when the Lok Sabha Speaker has admitted the no-confidence motion.
  8. The government has listed 13 draft legislations for consideration and passing in Lok Sabha even as the notice for moving the no-confidence motion is pending before the house.
  9. Parliamentary Affairs Minister Pralhad Joshi dared the opposition to defeat the government bills in the house if they believe they have the numbers in Lok Sabha. "They have suddenly brought the no-confidence motion. Does that mean no government business should take place? If they have the numbers, they should defeat the bills on the floor of the house," the minister said on Friday.
  10. Members of the newly formed opposition grouping INDIA, who went to violence-hit Manipur in the past two days, are likely to bring more ammo to attack the Modi government when the house opens today.


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