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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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Woman Loses Rs 4.3 Crore, Becomes Homeless, Trying To Find Love Online

A woman based in Perth has been forced to live homeless after losing over Rs 4.3 crore ($780,000) in life savings to scammers while searching for love online. According to a report in news.com.au, Annette Ford, 57, is now couch-surfing in Western Australia and hoping to secure housing at an affordable retirement village as the scammers remain free.

Ms Ford joined the dating pool after her 33-year-long marriage ended in 2018 and her ex-husband moved on quickly. Looking to seek a love life of her own, she joined a dating site called "Plenty of Fish" where she started talking to a man named 'William'.

Over the course of several months, the stranger managed to win Ms Ford's trust before asking her for money. 'Wlliam' said he needed Rs 2,75,000 ($5000) as his wallet had been stolen in Kuala Lumpur, Malaysia.

"He said he had been mugged outside the site he was working on (in Kuala Lumpur) and they took his wallet and his cards," said Ms Ford.

"The next thing I know he's in hospital and I'm being landed with a $5000 hospital payable to an Australian doctor. I (paid) that. Then there was a hotel bill, and he said he couldn't pay the workers on the site because he didn't have access to his cards."

The requests for money continued and by the time Ms Ford suspected she had been scammed, she was out of Rs 1.6 crore ($300,000), having drained her self-managed super fund. Despite reporting the case to the Australian Federal Police, Ms Ford did not hear anything back.

Also Read | British Woman Duped Of Rs 98 Lakh In Catfish Scam By Friend Of Two Decades

The second scam

Four years later, Ms Ford came across another scammer -- this time on Facebook who went by the name, 'Nelson'. The stranger told her that he lived in Amsterdam and had a friend in the Federal Bureau of Investigation (FBI) who needed $2500 to help with an ongoing investigation.

Aware of the danger, she refused initially but the stranger told her to deposit money he sent to her into a Bitcoin ATM. Ms Ford said there was money going in and out of her account that she wasn't aware of and before she could realise it, her account was out of Rs 1.5 crore ($280,000).

Having lost everything, Ms Ford is now begging Australians to not fall prey to such scams. "They say all the right things, they sweep you off your feet but they're going to take your money and they're going to leave you broke," Ms Ford warned.

Last month, a British woman was swindled of Rs 98.5 lakh (£92,300) after a friend of two decades, ran a catfish scam against her.



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