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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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They Wanted To Go To Germany, Sent To Russia Instead By Agents

Two men from Haryana's Karnal were allegedly lured on the pretext of a permanent work visa in Germany and tortured by agents, police said on Saturday. They had been promised jobs in a hotel and a permanent work visa. But they were sent to Russia instead where they were allegedly tortured by the agents.

"I went abroad on September 24 last year. The agent who sent me said that they will provide me with a permanent work visa in Germany, but they handed over a Bangkok ticket. When I reached there, they started torturing me. Additionally, they took money from my family," Mukesh, one of the men who allegedly faced torture in Russia, told ANI on Saturday.

"From Bangkok, they (agent) game me the ticket to Russia and said that their people would come to pick me up at the airport. After reaching Russia, they began torturing me. Donker took me to their place, started beating me and demanded money," he said.

Mukesh further alleged that he was denied food and was kept thirsty while in captivity.

"By taxi, I was taken to Belarus from Russia; they took me to their place in the border forests, put burnt cigarettes on my body. Through me, they used to do video calls to my family, and threatened to kill me if my family didn't credit money," he said.

"We were then arrested by the Army for not having valid travel permits. They asked us to join the army or serve in jail for 10 years. We refused to join the army, then they tortured us, and put us in jail in Moscow, the youth added.

"I was sent to a camp in Moscow, where I was asked if I wanted to join the army or get deported. I chose to be deported.I returned to India on March 14," he said.

According to the police, the family of the man have filed a complaint with the Haryana police regarding the alleged torture.

"They sent their sons abroad, but Donker blackmailed them and trapped them there. They charged Rs 10 lakh and took away Rs 25 lakh in total. An FIR has been launched and arrests will be made soon," Sandeep Kumar, Investigating Officer (IO) of Munak Police Station in Karnal, said while speaking to reporters on Saturday.

"They are still recovering. We met them today. As soon as their condition improves, they will be brought in for further investigation," the officer added.

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



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