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Business Standard

Suniel Shetty-backed zero-commission food delivery app Waayu Joins ONDC

Launched in May 2023, the app has partnered with over 3,000 restaurants across cities like Mumbai, Pune, Jaipur, Bengaluru, and Hyderabad

Business Standard

TCS inks 2-year partnership deal with McDonald's Philippines

Tata Consultancy Services (TCS) informed that it has signed a two-year partnership with George Yang-led Golden Arches Development Corporation (GADC), master franchise holder of McDonald's in Philippines to modernize IT Landscape for 760+ restaurants.

The Economic Times

Food delivery via aggregators amounts to Rs 9,000-11,000 crore of additional costs annually: report

According to the report, food delivery aggregators charge an average premium of Rs 46 per dish compared to direct restaurant orders. Aggregators impose 150-200% higher delivery fees than some restaurants and charge Rs 2 more for packaging than restaurants, even though the packaging is the same.

Business Line

TCS secures two-year contract with McDonald’s franchise holder in the Philippines

The deal aims to upgrade and digitise IT operations for over 760 McDonald’s restaurants across the country.

CNBC TV18

TCS inks deal with McDonald's Philippines to modernise its IT landscapes across over 760 restaurants

TCS Share Price | The company signed the agreement with the George Yang-led Golden Arches Development Corporation (GADC), the master franchise holder of McDonald's in the Philippines. This partnership is TCS' first with the fast food chain in the APAC region and it aims to standardise and digitise the IT operations at its outlets in the Philippines, the company said.

Business Standard

TCS signs two-year partnership with GADC

To standardize and digitize the IT operations for 760+ McDonald's restaurants in the Philippines

CNBC TV18

Restaurant Brands Asia Block Deal | 2.1% equity worth ₹113 crore changes hands

Resaurants Brands Asia Share Price | Restaurant Brands owns and operates a chain of restaurants with the Burger King brand. The identities of the buyers and sellers involved in the block deal have not been disclosed.

The Economic Times

Swiggy launches initiative to turn delivery partners into sales executives

A part of the platform's skills development programme, which offers skilling, training, internship, and employment opportunities in its value chain, Project Next has already transitioned its 100 delivery partners as sales executives who have onboarded nearly 360 restaurants in the last five weeks, the company said.

Business Standard

Zomato bans AI-generated images from food menus to preserve authenticity

Effective from Monday (September 16), restaurants that fail to comply with the new rule against AI images will be removed from Zomato

Business Standard

'Use of fire-resistant upholstery fabrics must in non-domestic furniture'

The government has introduced stringent regulations mandating the use of fire-resistant upholstery fabrics in non-domestic furniture, a move expected to improve public safety with respect to fire-related tragedies. Effective from October, the Quality Control Order (QCO) now requires all upholstery components used at public spaces to comply with the Bureau of Indian Standards (BIS) norms. The QCO applies to upholstered composites and fabrics used in non-domestic furniture found in public areas such as offices, malls, airports, restaurants, underground shopping complexes, museums, hospitals, places of worship, and educational institutions. The order is also applicable on all imports of complete furniture or sub-assemblies having upholstered fabric meant for public use, however relaxation till March 31, 2025 has been provided on the request of industry. "This decisive action underscores the government's commitment to enhancing fire safety in public spaces and ensuring that all ...

Business Standard

PhonePe, Liquid Group tie up to expand UPI QR payment service in Singapore

Walmart group's fintech firm PhonePe on Tuesday said it has partnered with cross-border payment solutions provider Liquid Group to expand its merchant acceptance network in Singapore. The collaboration will allow PhonePe users travelling to Singapore to scan and pay using the app at Liquid Group's merchant base. "We are thrilled to partner with Liquid Group to bring the convenience of UPI payments to Indian travellers visiting Singapore. This popular destination is a favourite among Indian tourists, and we are excited to empower them to pay quickly and easily at their favourite food, shopping, and sightseeing spots making their travel experience even more enjoyable," Ritesh Pai, CEO of International Payments at PhonePe, said. The QR codes will be widely available at tourist-centric locations, including Changi Airport, duty-free shops, restaurants, bars, retailers like The Cocoa Trees, Hard Rock caf, sightseeing spots, and transportation services, the statement said. The collaborati

The Economic Times

DreamFolks forays into highways

DreamFolks is expanding its services to highway dining, offering meals at over 600 outlets along key highways across India. This new service aims to enhance convenience for highway travellers, providing specially designed meals at popular restaurants on major routes from cities like Delhi, Mumbai, and Bangalore.

The Economic Times

PayPal pushes into in-person payments with cashback rewards, Apple integration

The bid to grab a slice of in-person purchases at stores, cafes and restaurants is part of an ambitious turnaround strategy by new CEO Alex Chriss who joined the company from Intuit last year.

Business Line

This new passive fund tracks the tourism theme: Should you invest?

Kotak Nifty India Tourism Index fund will invest in airlines, airport operators, hotels, restaurants and travel portals

Business Line

Restaurant sector expected to turn around after tough Q1: Speciality Restaurants CMD

The company is now focussing on profitable growth while expanding its footprint

Business Standard

Restaurant sector to turn around after tough Q1: Speciality Restaurants CMD

The restaurant industry is expected to turn around on the back of India's overall strong fundamentals after facing temporary headwinds such as high food inflation and people dining out less that hurt the sector in the first quarter, according to Speciality Restaurants Ltd CMD Anjanmoy Chatterjee. The company, which has a slew of brands such as Mainland China, Asia Kitchen by Mainland China, Episode One, Haka, and Sweet Bengal, among others and shut 29 outlets during the pandemic, is now focussing on profitable growth while expanding its footprint. "It should be clear that India not eating out or inflation not settling down is something which I don't believe in. India is better than many more countries...," Chatterjee told PTI. He was responding to a query on how long factors such as high food inflation and people dining out less after the diminishing of 'revenge eating' post pandemic that affected the restaurant industry, will continue to impact the sector. "It is a short-term ...

The Economic Times

Restaurant sector expected to turn around after tough Q1: Speciality Restaurants CMD

Speciality Restaurants Ltd CMD Anjanmoy Chatterjee believes India's restaurant sector will recover despite recent challenges like high food inflation and reduced dining out. He cites strong national fundamentals and anticipates improvement as inflation decreases. The company aims for profitable growth and expansion, focusing on brands like Mainland China and Episode One.

Hindustan Times

Swiggy had zero orders on first ever day, CEO Sriharsha Majety says

Swiggy's co-founder and CEO Sriharsha Majety thanks the early adopters of Swiggy, which now partners with over 3,00,000 restaurants across the country

Hindustan Times

FSSAI to crack down on restaurants not displaying nutritional and allergen info on menu: Report

The FSSAI made it mandatory in July 2022 for certain restaurants and ecommerce food businesses to display the nutritional content, but only some declare it

Business Standard

Swiggy extends gross value service fee policy to non-metro restaurants

Previously, the service fee, also known as the commission, was calculated based on the net value for restaurants in smaller towns and cities

The Economic Times

Exclusive: Swiggy tweaks service fee policy, non-metro restaurants to pay more in commision

Swiggy has revised its service fee calculation for restaurants in non-metro areas. The fee was previously levied on net value for restaurants in smaller cities, while those in metros were already charged on the gross value. This adjustment, affecting around 1,000 restaurants from August 14, aligns fee structures with metro partners.

The Economic Times

Do robots love their customers? automated restaurants face human issues

For a decade, the promised era of robo-flipped burgers and automated baristas has always been just around the corner. But automation in restaurants, at least in the United States, remains a novelty. That is not because the robots and artificial intelligence assistants can't hack it. By and large, the technology is there and in some cases has been for years.

Hindustan Times

Starbucks CEO Laxman Narasimhan replaced by Brian Niccol who revived Chipotle

Brian Niccol faces far deeper challenges at Starbucks, which has 38,000 stores worldwide compared to Chipotle's largely US-based chain of 3,500 restaurants.

The Economic Times

Eating out could become more expensive as vegetable prices soar

Vegetable prices are skyrocketing, leading restaurants to consider hiking menu prices and abandoning discounts, ultimately burdening diners with higher costs for dining out. The unprecedented price surge has impacted bottom lines of eateries, forcing some to adjust portions or even discontinue certain items. Larger establishments are extending support to vendors facing challenges due to rising costs, while smaller joints are exploring cost-saving measures like automation.

The Economic Times

Beer brands missing from Delhi bars, restaurants. Here's why

Delhi faces a beer shortage, impacting sales at various venues. Sudhakar Banerjee notes the absence of popular beer brands at a niche restaurant, affecting customer satisfaction. Restaurateurs struggle with limited stock, leading to sales decline and customer experience issues. The shortage prompts customers to seek drinks in neighboring towns, exacerbating the problem.

The Economic Times

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.

The Economic Times

Godrej Properties to develop 11-acre project at Pune with revenue potential of Rs 1,800 cr

The newly acquired land is situated in a prime area near the upcoming Megapolis Metro Station, enhancing its accessibility to major IT hubs in Hinjewadi. The location is anticipated to draw substantial interest from both residential and commercial investors due to its proximity to essential amenities such as schools, hospitals, shopping malls, restaurants, and premium hotels.

The Economic Times

Food Inc eyes quicker commerce on match day

With India battling South Africa in the T20 World Cup final this Saturday, quick commerce, food delivery services, restaurants, and brands are bracing for a massive order spike. As fans cheer on the Men in Blue, bars and restaurants screening the match anticipate packed houses and a jump of 20% to 50% in online sales.

The Economic Times

Zomato launches platform to offer hiring, regulatory services to restaurants

Zomato's move comes a week after rival Swiggy launched a new feature on its partner app to connect restaurants with staffing experts as part of a new recruitment support initiative.

The Economic Times

Delivery boxes unhealthy: Nutritionist calls out Swiggy and Zomato over plastic containers; Zomato CEO responds

Celebrity nutritionist Luke Coutinho recently called on food delivery platforms Swiggy and Zomato to switch to biodegradable, non-plastic containers for food packaging. Highlighting the health risks of using plastic, especially for hot foods, Coutinho's appeal emphasized the need for safer food delivery practices. Zomato CEO Deepinder Goyal responded positively, promising to highlight restaurants that use food-safe packaging, while Swiggy is yet to respond.