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...
Delhi Chief Minister and AAP convener Arvind Kejriwal Sunday said his party has gained popularity for its "work-centric politics" and asserted the party workers should be ready "to go to jail for the paths we have chosen for the public good". Chairing the National Executive and 12th National Council meetings of the party, held virtually on Sunday, he said, "The Aam Aadmi Party has risen to the third place among 1,350 political parties in these 10 years." "If we were not successful and did not do anything good, then none of our party leaders would have gone to jail and today everyone would have been happy with their families," he said. Mr Kejriwal's remarks assume significance since the Enforcement Directorate has asked him to appear before it on January 3 in connection with the Delhi excise policy-linked money laundering case. The Delhi CM said that two major parties have ruled this country for 75 years and said "these people will not...