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

Crackdown On Illegal Travel Agents In Amritsar, Licenses Of 40 Cancelled

Punjab has cancelled the licenses of 40 travel agents amid a huge row over the deportation of Indians who migrated illegally to the US. Licenses of some IELTS centers have also been cancelled and such action will be taken in future as well, sources said. 

Sources said the Amritsar police have taken action on the basis of a complaint against travel agents operating illegally from the city and more action could be expected in the coming days.

The police are continuously registering cases against travel agents who send Indians illegally and raids are being conducted to catch them, sources said. 

The complainant in this case, Sarabjit Singh, said he had given a letter to the Deputy Commissioner Sakshi Sahni.

Government sources earlier said people from Punjab comprise the biggest chunk of the Indians being deported by the US. Three flights arrived on February 5, February 15 and February 16 in which 333 Indians were sent. Of them, the maximum people - 126 or 37.8 per cent - were from Punjab, sources said. 

The clarification came days after Punjab Chief Minister Bhagwant Mann's objection to the flights landing in his state. Sources said because of the maximum number of Punjabis among the deportees, 21 flights have been landed in Amritsar since May 2020. 

Instances of illegal immigration from Punjab -- where people eager for a better life are promised visas to travel abroad in exchange for large sums of money but are ultimately routed in on fake visas -- have been reported widely, adding the term "Dunki route" to the lexicon. 

Reports said more than 3,200 police cases have been filed against travel agents in Punjab over the last three years.

There have been multiple arrests in such cases. Among them was Punjabi singer Fatehjit Singh, who ended up in the police net in September last year. The most popular destinations include the US, Canada, UK and Australia.



from NDTV News- Special https://ift.tt/4LiEhjv
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