Skip to main content

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...
Post a Comment

"Received India's Extradition Request, But...": Pak On Hafiz Saeed

Pakistan has received India's request for extradition of 26/11 attack mastermind Hafiz Saeed, Pakistan's Ministry of Foreign Affairs spokesperson Mumtaz Zahra Baloch said on Friday. But she said that no bilateral extradition treaty exists between India and Pakistan.

In a statement, Mumtaz Zahra Baloch said, "Pakistan has received a request from the Indian authorities, seeking extradition of Hafiz Saeed in a so-called money laundering case."

"It is pertinent to note that no bilateral extradition treaty exists between Pakistan and India," she added.

Earlier in the day, Ministry of External Affairs official spokesperson Arindam Bagchi said India has conveyed a request to the Pakistan government regarding the extradition of Hafiz Saeed to India for facing trial in a particular case.

Addressing the weekly briefing, Mr Bagchi said, "The person in question (Hafiz Saeed) is wanted in numerous cases in India. He is also a UN-proscribed terrorist. In this regard, we have conveyed a request along with relevant supporting documents, to the government of Pakistan to extradite him to India to face trial in a particular case.

"We have been flagging the issue of activities that he's been wanted for. This is a recent request," he added.

Notably, Saeed, who is a UN-proscribed terrorist is the founder of terror outfit Lashkar-e-Taiba (LeT). He was the mastermind of the deadly 26/11 attacks in Mumbai and is wanted in India in numerous cases.

Muhammad Hafiz Saeed, who has been in jail since July 17, 2019, for other charges, was sentenced in April 2022 by a special anti-terrorism court in Lahore, Pakistan, to a jail term of 33 years for "financing terrorism."

Despite being designated a terrorist by the UN and EU in the 2000s, Saeed was neither charged nor extradited over nearly two decades. Saeed was designated as a terrorist by the United Nations Security Council in December 2008.

Meanwhile, in a development that has brought criticism, the Pakistan Markazi Muslim League (PMML), a political entity of Hafiz Saeed has fielded candidates for each and every national and provincial assembly constituency across Pakistan for the upcoming general elections slated to be held on February 8, 2024.

Hafiz Saeed's son Talha Saeed is also going to contest the polls from National Assembly's constituency NA-127, Lahore, Dawn reported. PMML's central president Khalid Masood Sindhu is contesting elections from NA-130, against Pakistan Muslim League-Nawaz supremo Nawaz Sharif.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



from NDTV News- Special https://ift.tt/s70hgyv
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

US Teen Who Slapped Teacher In Classroom Faces Kidnapping, Assault Charges

A US high school student, who attacked two teachers in school premises, has been hit indicted on assault and kidnapping charges, according to a report in Fox News. The outlet said that the attacks took place at Parkland High School in Winston-Salem, North Carolina. A video of 17-year-old Aquavis Hickman hitting one of the teachers in the classroom in April had gone viral on social media, leading to a barrage of comments. Hickman is being tried as an adult and his case has been moved from a juvenile court to a superior court. Watch the video: NEW: North Carolina high school student who went viral for hitting his teacher has been smacked with felony charges & is being charged as an adult. This is how it's done. 17-year-old Aquavis Hickman has been indicted on assault and kidnapping charges for two separate… pic.twitter.com/JOsO0bFiKX — Collin Rugg (@CollinRugg) May 5, 2024 "A grand jury was convened last week, last Monday, comprised of members of this community and...
Post a Comment
Read more

BJP MP Varun Gandhi Files Case Against Man For Comments On His Father

BJP leader Varun Gandhi on Saturday filed a defamation case in a local court here against a Varanasi man for allegedly making derogatory remarks on his father on Twitter. The Pilibhit MP on Saturday came to the court premises with three advocates around 3 pm and filed a defamation case before Additional Chief Judicial Magistrate (II) Abhinav Tiwari. The court recorded his statement and fixed April 25 as the next date for hearing, an advocate said. Gandhi in the complaint said that his father Late Sanjay Gandhi was a well known politician of the country and he was respected all over the country and still is today. He told the court that on March 29, 2023, Vivek Pandey, a resident of Bhojubir of Varanasi district, had made indecent remarks against Sanjay Gandhi through his social media Twitter @vivekkumar IND. According to Mr Gandhi, the accused identified himself as the General Secretary of Nationalist Hindu and Kisan Morcha. Mr Gandhi also said that he was informed about the twee...
Post a Comment
Read more

Indian Man's Birthday Surprise To Girlfriend At Times Square Wins Internet

An Indian man has just set the bar a notch higher for all partners, the man surprised his girlfriend by using a special slideshow at New York's Times Square for her birthday. The video has won hearts on the internet. Posted on Instagram by Tales by Lekha, the video shows the couple posing in front of the Times Square billboard. The minute, the woman turned back, she is surprised by pictures of herself on the billboard. The woman watches the slideshow in awe. "When he surprised me at Times Square NYC!!!" read the text insert in the clip. Watch the video here: View this post on Instagram A post shared by Tales_by_Lekha (@tales_by_lekha) Since being posted, the video has amassed more than 1,45,000 likes and several comments. The internet was stunned to see the man's grand gesture. A user commented, "I was waiting for a proposal." Another user wrote, "This guy has raised the standards now!" The third...
Post a Comment
Read more