DELIVERY ALTERATIONS
Food delivery, quick commerce take a bite out of QSR sales: brokerage reports
For the overall QSR industry, revenue growth for the final quarter of FY24 was at 9% on a year-on-year basis, down from 18% a year ago, while both same-store sales growth (SSSG) and average daily sales (ADS) declined, a report from brokerage firm BNP Paribas Exane said.
Did Mean Girls remake alter controversial Lindsay Lohan joke for digital release?
The Mean Girls musical remake, celebrated for its edgy humor and satirical portrayal of high school life, received backlash due to a controversial joke aimed at Lindsay Lohan, the original star of the iconic franchise.
Greg Chappell recalls controversial 'underarm' ODI against NZ, says: It's not one of his better moments
Greg Chappell opened up about the infamous 'underarm' ODI in 1981, revealing that the incident was fueled by frustration with the poor conditions at the Melbourne Cricket Ground (MCG) and Cricket Australia's lack of progress in improving facilities. Chappell's decision to bowl underarm was a spontaneous response to his discontent.
California minimum wage spike initiates Pizza Hut franchise workforce cuts and delivery alterations
Pizza Hut franchises in various California counties anticipate a $20 hourly minimum wage hike by 2024, foreseeing substantial job cuts, affecting around 2,000 workers across regions. This shift also marks the end of in-house delivery, redirecting services to Uber Eats or DoorDash. Franchise autonomy is stressed, promising continued service quality via Pizza Hut's app and website. Yum! Brands, Pizza Hut's owner, supports accessible delivery. The pending wage law change prompts concerns among fast-food giants like McDonald's and Chipotle.
UK Rail Strike: Will the strike disrupt Christmas plans for passengers
The ASLEF union has announced its next strike in December. The last negotiation on pay and facilities to railway employees did not meet the demand. This strike may disrupt the festive plans of passengers.
Belarus starts taking delivery of Russian nuclear weapons
The deployment is Moscow's first move of such warheads - shorter-range less powerful nuclear weapons that could potentially be used on the battlefield - outside Russia since the fall of the Soviet Union.
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ONDC a threat to Zomato only if it scales up meaningfully, says Motilal Oswal
Motilal Oswal has reiterated a "Buy" rating on Zomato stock, claiming it has found "no evidence" of an adverse impact from the Open Network for Digital Commerce (ONDC) on the food delivery app. BofA Securities has taken a more cautious "Neutral" stance, setting a price target of INR72 ($0.96). Though warning ONDC could become a significant risk if it continues to scale up it may still "serve as a key platform in the food delivery space". In contrast, the high-end users who prefer speedy service on Zomato and Swiggy are not particularly price-sensitive.
Airbus delays some 2024 deliveries, keeps output goals
Two airline industry sources said they were still struggling to find the clarity needed for network planning, however. "We are still being drip-fed," one of the sources said, adding the delays suggested supply chains were not significantly improving. The delays do not so far include alterations to the schedule for 2023, which has already been trimmed back to target 720 deliveries, unchanged from an initial target for last year.
QSR leads food service industry with 19.95 lakh outlets; food delivery market expected reach $18.1 billion by FY25 - Report
The rise of digital technology, with greater penetration of internet and smartphone use are driving major changes in the online delivery market in India, allowing online food delivery platforms to capture market by offering a wide range of food products, according to the report.
Slice alters business model; SoftBank, Sequoia want firms to join ONDC
The new rule has forced Slice, which until now offered a revolving credit line to customers, to alter its business model.
Swiggy raises $1.25 billion from SoftBank, others to push non-food delivery
Swiggy's latest funding round—which comes days after the Zomato IPO—pegs its valuation at $5.5 billion. CEO Sriharsha Majety says the company will stick to aggressive strategy and discounting.
California bill could alter Amazon labor practices
The profits flowed from the millions of Americans who value the convenience of quick home delivery, but critics complain that the arrangement comes at a large cost to workers, whom they say the company pushes to physical extremes.
Will Mukesh Ambani's green turn alter the Indian oil and gas sector?
Amid such domestic ‘optimism’, RIL’s green plans may have come as a spoiler. When Ambani told shareholders that RIL was placing a $10 billion bet on the ‘energy of the future’, it would have shaken several assumptions and triggered rethinks in many boardrooms and officialdom.
Govt vs Twitter
From the government's escalating battle with Twitter to Clubhouse bringing its Android app to India and Snapchat's growth in India, here's a quick look at the top tech news today.
Ola to start doorstep delivery of oxygen concentrators to consumers
Consumers request for an oxygen concentrator from the Ola app by providing a few basic details. Once submitted, the request will be validated and Ola will then pick up the concentrator via one of its cabs with a specially trained driver and bring it to the consumer's doorstep.
Consumers still stockpiling; channel behaviour has changed for long term in pandemic: YouGov report
The report said almost all consumers in India have developed a regular shopping routine over the course of the pandemic. Half the respondents contacted have bought groceries online using the delivery option, with only 13% choosing online click and collect methods.
The future of healthcare: Your doctor’s just a click away
The scars of the Covid-19 pandemic will take time to heal. But as the issues are understood better, India’s hospitals have learnt some precious lessons.
Online, home delivery will make liquor more accessible to women buyers: United Spirits Ltd
For the spirits industry, accessibility is one of the biggest barriers for consumption in a market with 75,000 retail outlets, compared with over 10 million stores for fast moving consumer products. Also, after the lockdown, several stores have restricted the entry of people by placing counters in front, which could alter the display of products.
Amazon adds warehouse network closer to cities to speed up same-day delivery
The new facilities are automated with the same 'drive units' used in Amazon's fulfillment centers. These are squat, floor-scurrying robots that hoist up movable shelves of inventory and bring them to associates who pick customer orders. Amazon said each building will create hundreds of full and part-time jobs.
View: Congress should look to change the narrative and adapt to the altered political situation
What Congress should look to now is to change the narrative and adapt to the altered political situation in the country.
Market Movers: RBI won't alter NPA circular, relief for Motown, cloud over Trump-Xi summit
Here’s a lowdown on top macro triggers that may move market on February 8, 2019.
Milk delivery startup Milkbasket to expand its engineering team five-fold in 9 months
“In the near future, the interfaces that we have known till date will alter and become more integrated in the user journey. Machine learning and AI will be integral to this,” Milkbasket CEO said.
China could alter no-first-use nuclear policy: Report
Indian authorities point to how China's white paper on defence in 2013 did not reiterate its pledge to the no-first-use doctrine.
Flipkart to alter seller fee rules for orders below Rs 500
In the latest restructuring, the fixed fee could be lowered for items valued below Rs 500, while it is also likely to bring further fee reductions for items priced below Rs 300 , according to a person aware of the development.
Cancer cells alter the body clock to boost tumour growth
A tumour cell takes a pathway that's already in the cell and using it to its advantage.
Clients' demand for quick service, short-term deals force IT cos to alter delivery models
Tata Consultancy Services and Wipro are looking to adopt the new shorter and quicker delivery model at scale, rather than on selected projects.
How acquisitions have played a pivotal role in altering the gene pool of the top Indian IT companies
Wipro and Infy have taken the leap. On the one hand, they can go shopping for talent. Or through acquisitions, get teams and processes in futuristic ideas.
Deferment of capital raise by Yes Bank not to alter growth trajectory: BofA-ML
However, BoA-ML maintains its bullish stance on the future of the Indian bank and believes it will not affect their retail modelling in any way.
Renting out gives affordabilty tag to designer apparel
On-rent online fashion portals are trying to carve out a niche market and narrow the gap between aspiration and affordability.
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