RESTAURANT PRICES
Block deals worth over Rs 9,947 crore this week. HDFC Bank, Infosys, Adani Ports among stocks with major action
In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).
Flying high! Tourism stocks rebound up to 4,721% from Covid lows
Shares of BLS International Services and other top tourism stocks have seen remarkable growth post-lockdown, with returns ranging from 1,222% to 4,721%. The newly launched Nifty Tourism index tracks 17 constituents, offering investors a diversified approach to the booming tourism sector.
Billionaire Goenka slams US restaurant charging Rs 1400 for a piece of dosa
The 'All Day Breakfast' menu at the unnamed restaurant offers whimsically named dishes such as the "naked crepe" for dosa, "dunked doughnut delight" for vada, and "dunked rice cake delight" for idli. Although these playful names might amuse you, the prices are likely to be quite surprising.
ATF price hiked 1.2% after a 6.5% cut seen in June
Jet fuel prices saw a 1.2% hike on Monday, with Aviation Turbine Fuel (ATF) rising to Rs 96,148.38 per kl in Delhi, following a previous 6.5% reduction on June 1. In Mumbai, ATF reached Rs 89,908.30 per kl. Meanwhile, commercial LPG prices for hotels and restaurants were cut by Rs 30 per 19-kg cylinder to Rs 1,646.
Save money while traveling by availing these budget services, you will not be disappointed!
Travel often comes across as expensive but that is definitely not the case if you have tricks up your sleeve to cut down your expenses but still avail premium services for yourself and your companions at a pocket-friendly price. Here are a list of budget-friendly ideas to cut down your travel expenses to a minimum.
Indian eateries now New York's gastronomic toast
They are among the notable, far-ranging Indian dining spots around town, many at the higher tiers of the price spectrum. Collectively, Indian restaurants are becoming something of a power dining scene, drawing customers from the upwardly mobile population of New Yorkers with roots in the subcontinent. To this already impressive list, you can now add Kanyakumari, which dishes out delicacies from India's 4,700-mile coastline at the more easily accessible Union Square.
- Go To Page 1
Milk prices not hiked as additional cost is for additional quantity of milk: Karnataka CM
Karnataka Chief Minister Siddaramaiah on Wednesday defended the Rs two hike in 'Nandini' milk prices, which now come with an additional 50 ml of milk in half-litre and one-litre packets. This adjustment has been made to support farmers in light of increased milk procurement. He emphasized that milk prices have not actually been raised.
Block deal: Goldman Sachs Funds sells nearly 48 lakh shares for Rs 50 crore in Restaurant Brands Asia
Goldman Sachs sells additional stake in RBA, the second within two weeks. On June 14, the firm sold shares worth Rs 43 crore at Rs 105.53 each, a 1.30% discount.
Do you know? Gold is edible! Here are 5 dishes that are made with gold!
Edible gold, composed of 24-karat gold, is guaranteed to be completely pure. The process begins by heating pure gold to over 1,094 degrees Celsius until it melts, after which it is poured into a mold to form a gold bar. This bar is then rolled and pressed repeatedly until it becomes exceedingly thin, with a final thickness of approximately 0.0001 millimeters. The resulting gold leaf is nearly transparent and incredibly lightweight. It comes in several forms, including leaf, flakes, crumbs, and powder.
Summer Solstice: Best deals on restaurants and retailers like Target, Aldi & more
The summer solstice is a significant event celebrated by cultures worldwide. Taking place between June 20 and June 22 in the Northern Hemisphere, the summer solstice marks the longest day and the shortest night of the year.
Father's Day Deals: Best discounts and freebies at restaurants like Applebee's, Krispy Kreme, Denny's and KFC
Father's Day, observed on the third Sunday in June, is a special occasion to honor the 72 million fathers across the U.S. Initially overshadowed by Mother's Day, Father's Day became an official holiday in 1972 under President Richard Nixon.
Block deal: Goldman Sachs Funds sells 40.6 lakh shares in Restaurant Brands Asia for Rs 43 crore
Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, which sold its stake on Friday, held 1,10,12,628 shares, representing 2.22% of Restaurant Brands Asia as of March 31, 2024, according to BSE shareholding data.
Tour de Fabulous: How India’s affluent are seeking extraordinary travel experiences
Personalised travel include things from watching a tuna auction in Tokyo to spending a night at the Palace of Versailles. This trend has led to the rise of luxury travel agencies. A community of about 570 travel agencies and concierges that curate high-end, bespoke journeys has come up.
Covid scare is gone, but at-home consumption of alcohol sticks
According to latest data from global alcohol market analysts IWSR, 79.2% of alcobev volume sales in India last calendar year were ‘off-premise’, or outside bars and restaurants. While this share has come down from 82.4% in 2022, it is still higher than 72.5% during the pre-pandemic year of 2019.
Indians give eateries cold shoulder amid head-spinning heat
Extreme heatwave conditions across India have significantly impacted restaurants, pubs, and bars, leading to a sharp decline in sales and footfalls, with some outlets reporting up to a 40% decrease. Al fresco dining and high street locations are worst affected, especially during lunch hours, which are seeing a notable drop in business. The heatwave, with temperatures exceeding 50 degrees Celsius in some places, has led people to avoid outdoor dining, impacting sales till about 6 pm.
Service charge by restaurants, hotels with GST a 'double whammy' for customers: Delhi High Court
Delhi High Court criticizes service charge with GST, questioning renaming to 'staff charges' by restaurant associations. Case involves Consumer Protection Authority's guidelines on transparent service charge display, next hearing on May 29.
Free dosas, rides & discounts rain on voters as companies & retailers step in to drive turnout
Hotels, cafes, fine dining restaurants, bars, bakeries, and electronics stores in Bengaluru, India, have offered discounts to encourage voter turnout. NoBroker employees received a holiday, but the company urged them not to take a long weekend before voting. Manipal Hospital helped 41 inpatients to vote, and Bengaluru schools sent messages to parents urging them to cast their vote.
Unlocking Winston Churchill's menu: A new restaurant reveals his culinary secrets
The Guardian reported that Aldwark Manor in Yorkshire launched a Churchill-themed restaurant called Chartwell, named after his house. The restaurant's set menus are named after Churchill's favored brands of cigars and champagne. Their smart marketing strategy capitalizes on Churchill's iconic status, although it also touches on controversies such as the Bengal Famine.
AI is spying on food we throw away
It's part of an emerging industry that's trying to cash in on a senseless human problem: The huge amount of uneaten food that goes from supermarkets and restaurants to the dumpster. Much of that, if it's not composted, ends up in landfills where it decays, sending potent planet-warming greenhouse gases into the atmosphere. Enter a new business opportunity. A company called Winnow has developed the AI tool that spies on restaurant garbage. Another, company, Afresh, digests supermarket data to look for wasteful mismatches between what a store is stocking, and what people are buying.
Oh dear! The bill for your dinner date just went up. Blame it on pricey cocoa, coffee, palm oil & sugar
The cost of dining out and ordering in restaurants is rising, with bills potentially rising 5-8% starting this month. This is the first increase in about 1.5 years, as prices of cocoa, coffee, palm oil, and sugar have surged over the past quarter. Cocoa prices have reached a record, reaching over $10,000 per tonne, following disappointing harvests in key producing countries such as Ghana and Ivory Coast. Cocoa prices have doubled in the January-March quarter from the preceding one, and cocoa butter has risen over 150% in just one year.
What the US economy needs is a cheap date
Food prices have increased by 25%, taking up over 11% of income in the US. Despite inflation, people spend more in restaurants. Meanwhile, TVs, air conditioning, and car services became cheaper. This has resulted in a big drop in the standard of living for many people. There has been a lot of theorising about why so many Americans feel worse off economically. True, real wages are now finally increasing, the labour market is great, the stock market is up, and consumers are spending. But none of this amounts to a complete picture of Americans' quality of life.
Pizza, burger or chicken? Rs 80,000 crore question haunting investors in QSR stocks
Competition among QSRs has investors questioning if pizza will lose out to other comfort foods like burgers, fried chicken, and biryani. KFC has seen growth and outperformed pizza, while pizza firms face slow store growth expansion. Among QSR stocks, Sapphire Foods has given a decent return in past 6 months, and buy ratings are recommended for Devyani, Sapphire, and Restaurant Brands Asia.
Quick service restaurants' revenue, margin under severe stress; recovery seems distant: report
The report by French brokerage BNP Paribas stated that the rising popularity of food aggregators has hurt dine-in sales of quick service restaurants (QSR) and has also fragmented delivery sales. Also, with more restaurants partnering with food delivery platforms, consumers now have more options, leading to fragmented sales which are likely playing a part in the weakness in average daily sales of the QSR industry besides the general weakness in demand due to elevated inflation, the report highlighted.
Yum Restaurants exits Devyani International, bags Rs 871 crore in block deal
Marquee funds, including Citigroup Copthall Mauritius, Franklin Templeton MF, Axis MF, SBI MF, Goldman Sachs, Morgan Stanley, Societe Generale, Sundaram MF bought stakes in the company through the deal.
Devyani International shares jump 6% as Yum Restaurants likely sells 4.3% stake via block deal
Devyani International share price: Shares of Devyani International rose nearly 6% on reports of a block deal where Yum Restaurants India plans to sell a 4.4% stake, aiming to raise around Rs 815 crore. The company reported weak numbers for the December quarter with profit plunging 87% and revenue rising 7%.
Yum Restaurants likely to sell entire 4.4% stake in Devyani International via block deals: Report
Through the sale, Yum Restaurants plans to raise around Rs 815 crore, reports said. The floor price for the sale has been fixed at Rs 153.5 a share, which is at a discount of nearly 8% to the current price.
Satya Nadella interview; Zomato's restaurant onboarding push
Artificial Intelligence will not only help solve India’s unique structural challenges and help increase productivity and societal benefits, but those solutions for India may turn out to be relevant for the rest of the world as well, Nadella told ET.
Fundamental Radar: Why Restaurant Brands is a play on India’s discretionary consumption? Vikram Kasat explains
Despite this underperformance, Vikram Kasat of Prabhudas Lilladher belives that the stock provided a good opportunity for investors to play on the rising discretionary consumption in India.
Buy Restaurant Brands Asia, target price Rs 135: Motilal Oswal
Restaurant Brands Asia Ltd., incorporated in the year 2013, is a Small Cap company (having a market cap of Rs 5704.82 Crore) operating in Tourism & Hospitality sector.
Load More
