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New outlets, cheaper options fail to revive fast-food earnings in India

April 24, 2024
General

BENGALURU/CHENNAI, April 24 (Reuters): Top fast-food franchisees in India are likely to report a slump in quarterly earnings as cash-strapped consumers continued to cut back on dining out and ordering in, analysts said, spurning the hundreds of new restaurants that operators opened in 2023. Pizza franchisees such as Jubilant Foodworks, Devyani International and Sapphire Foods India. struggled throughout 2023 due to heightened competition, with burger chains also joining the struggle later in the year due to inflation. Even new affordable menu items, such as Burger King’s 99-rupee combination of burger, beverage, and fries, introduced last year, failed to lure customers as India’s

Excise Policy case: Delhi Court extends judicial custody of Kejriwal, K Kavitha till May 7

April 23, 2024
General
Delhi Chief Minister Arvind Kejriwal and BRS leader K Kavitha (File Photo/ANI)

New Delhi [India], April 23 (ANI): The Rouse Avenue Court on Tuesday extended judicial custody of Delhi Chief Minister Arvind Kejriwal and BRS leader K Kavitha in the excise policy case till May 7. Special Judge Kaveri Baweja allowed the application moved by the Directorate of Enforcement (ED) seeking an extension of judicial custody of Arvind Kejriwal, K Kavitha and Chanpreet Singh in the Delhi excise policy case. The Court also extended the judicial custody of K Kavitha in the Delhi excise policy case being investigated by the Central Bureau of Investigation (CBI). On Monday, the same Judge passed an

India’s Modi calls rivals pro-Muslim as election campaign changes tack

April 23, 2024
General

NEW DELHI, April 23 (Reuters) – Indian Prime Minister Narendra Modi and his Hindu nationalist party have begun attacking opposition rivals, saying they favour minority Muslims, in what analysts see as a bid to invigorate their hardline base after general elections began last week. India began voting on Friday in a seven-phase election at which Modi seeks a rare third consecutive term, with campaigning that had so far largely focused on his record of growth and welfare as well as his personal popularity. But in a speech on Sunday, Modi referred to Muslims as “infiltrators” who have “more children”, linking

On first day of Trump hush money trial, prosecutors say he corrupted 2016 election

April 23, 2024
General
Donald Trump speaks to reporters as he leaves the courtroom during a lunch break in his civil business fraud trial, Oct. 4, 2023.

New York, April 22 (Reuters): New York prosecutors said on the first day of Donald Trump’s criminal hush money trial that the former president broke the law and corrupted the 2016 election by trying to cover up sexual encounters with a porn star and a Playboy model, while his defense lawyer said he committed no crime. Jurors in the historic trial also heard briefly from the prosecution’s first witness: former National Enquirer publisher David Pecker, who prosecutors say participated in a “catch and kill” scheme to suppress unflattering stories about Trump and help him get elected. In the first-ever trial

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