Saturday, December 27, 2025
Home Blog Page 1048

Restaurants in Haryana to operate 24×7 as Deputy CM lifts nighttime closure restriction

0
restaurant
(Representative Image)

Restaurants in Haryana will be allowed to operate round-the-clock, as announced by Deputy Chief Minister Dushyant Chautala on Tuesday.

According to an official statement, the decision was made during a meeting led by Mr. Chautala, which involved several departments. The meeting also had the presence of Minister Anoop Dhanak from the Labour and Food, and Civil Supplies Ministry.

“In future, restaurants will remain open 24 hours in Haryana. There will be no restriction on them to close at night,” Chautala said in the statement.

The office bearers of restaurant unions from across the state had recently met Chautala and demanded that the state government allow them to keep their establishments open 24 hours so that people can get food at their convenience, it said.

Sahil Sambhi, Owner of the Drunken Botanist, said, “I’m delighted with the Haryana government’s decision to allow round-the-clock operations for restaurants in the state. This move benefits employees working in corporate offices with international shifts, offering them the opportunity to dine at restaurants late at night instead of relying on packaged food or online orders. It will undoubtedly enhance the city’s nightlife and attract more late-night and early-morning diners.”

“Our establishment and the entire restaurant industry stand to gain numerous advantages from this decision, including increased revenue and a diverse clientele. Although operational costs will rise, we are prepared to hire additional staff, contributing to employment growth and fostering economic development. Ensuring security is paramount, and I suggest close collaboration between the government, law enforcement agencies, and restaurateurs. Regular patrols and safety audits can create a secure environment for 24×7 restaurants, providing peace of mind for customers and staff alike,” he added.

Kawal Preet Singh, Owner of The Barbeque Times, emphasized that the decision to permit 24-hour operations was a necessary step, given that many corporate offices in Gurgaon operate around the clock. According to him, this change enables employees working international shifts to enjoy dining at restaurants during late hours, rather than relying on packaged food or online orders from cloud kitchens. He believes that this initiative will not only enhance the city’s nightlife but also hopes that the security measures will adequately support late-night or early-morning diners. The Founder envisions this well-implemented model as a sales-boosting opportunity for restaurants and a potential role model for other states to emulate.

Dr. Shruti Malik, Founder of Anardana Hospitality, said, “The decision to allow restaurants to operate 24×7 in Haryana brings forth a world of opportunities for our establishment and the restaurant industry. We can cater to diverse clientele, serve late-night diners, late Working hours, and tourists seeking dining options beyond regular hours. While operational costs will increase, we can hire more staff members to accommodate the workload, contributing to employment growth and economic development. Security is a vital concern, and I suggest close collaboration between the government, law enforcement agencies, and restaurant owners. Regular patrols, safety audits, and addressing security gaps will help create a secure environment for 24×7 restaurants.”

Chautala told officials that restaurants that want to remain open 24 hours can do so and no one should force them to shut.

However, these eateries will have to register with the Labour Department and follow other terms and conditions of the Punjab Shops and Commercial Establishments Act, 1958, he said.

Advertisement

PhonePe’s Pincode app expands to 10 cities, demonstrating strong growth on ONDC

0
pincode app
Pincode (Representative Image)

Pincode, PhonePe’s dedicated app for the Open Network for Digital Commerce (ONDC), has made significant strides in its expansion. Following a successful launch in Bengaluru, the app has now extended its operations to a total of 10 cities. This achievement highlights the positive outcomes and growing demand for Pincode in the digital commerce landscape.

Although Pincode had initially planned a 10-city expansion three months ago, the company explicitly stated that it would not venture into additional regions during its first year. The primary objective was to focus on enhancing operational efficiency rather than simply increasing its scale.

With that objective in mind, Pincode proceeded to enter significant cities including Mumbai, Delhi, Noida, Gurugram, Chennai, and Hyderabad. Additionally, the company announced that its services would also be made available in Ahmedabad, Pune, and Kolkata.

Lalit Singh, General Manager, Pincode, said, “The initial response and rapid consumer adoption of Pincode has given us the confidence to expand our services. Pincode is committed to growing the ecosystem, and we will continue expanding our category offerings and scaling our presence nationwide.”

“In the coming months, we have ambitious plans for expansion into more cities,” he added.

Pincode’s decision to expand its operations comes at a time when the company is relatively smaller in size compared to other apps like Magicpin, which is backed by Zomato.

Previously, Pincode had stated that it was fulfilling 5,000 orders per day, significantly lagging behind Magicpin, which claims to handle 30,000 daily orders and holds the title of being the largest seller app on ONDC.

Read More: PhonePe’s Pincode app sees rapid adoption in Bengaluru, crosses 50K installs within a month of launch

It is worth noting that over 70 percent of the overall orders on both platforms consist solely of groceries. Categories such as pharma, fashion, and electronics, which generally have a higher average order value (AOV), represent a comparatively smaller portion of the orders.

For ONDC to achieve its desired scale, expanding both in terms of categories and cities is crucial. Previously, ONDC stated its objective of increasing the e-commerce penetration rate from approximately 5 percent to 25 percent within the next two years. This ambitious goal involves reaching 900 million buyers and having 1.2 million sellers, ultimately resulting in a projected gross merchandise value (GMV) of $48 billion.

Advertisement

Sainsbury’s sees positive trend as food inflation subsides, registers 9.8% sales growth

0
Sainsbury's
Sainsbury's (Representative Image)

Sainsbury’s, the second-largest supermarket group in Britain, announced on Tuesday that food inflation was on the decline, thanks to a resurgence in volume growth. This positive trend contributed to a substantial 9.8% increase in underlying sales for the quarter.

Maintaining its position with a 15% share of the British grocery market, the group also reaffirmed its projections for the 2023-24 fiscal year. Sainsbury’s expects an underlying pre-tax profit between 640 and 700 million pounds ($812-$888 million), compared to the 690 million pounds achieved in 2022-23.

During the first quarter of the year, spanning 16 weeks up to June 24, trading conditions were heavily influenced by significant inflation. This inflationary pressure has emerged as a significant political concern in Britain, as it surpasses wage growth amid rising interest rates. Consequently, households are experiencing financial strain as their budgets come under pressure.

Based on the latest official data, food and drink inflation stood at 18.3% in May. However, according to the most recent industry data, this inflation rate decreased to 14.6% in June.

“Food inflation is starting to fall and we are fully committed to passing on savings to our customers,” Sainsbury’s CEO Simon Roberts said, pointing to 60 million pounds in lower prices since March.

“Prices on our top 100 selling products are now lower than they were in March, against a market where prices have gone up,” he said.

In the quarter, grocery sales experienced a notable 11.0% increase, while general merchandise sales saw a modest growth of 4.0%. On the other hand, there was a decline of 3.7% in clothing sales.

Sainsbury’s faces the challenge of striking a balance between the rising costs of products from suppliers and retaining customers who might be tempted to switch to discount retailers like Aldi and Lidl.

To counter the competition and retain customers, Sainsbury’s is implementing several strategies. It is now price matching hundreds of items with Aldi, ensuring competitive pricing. Additionally, the supermarket is leveraging its Nectar loyalty scheme as a way to provide added value and incentivize customer loyalty.

In the previous month, Tesco, the leading market player, announced a significant 9% increase in underlying UK sales for the first quarter. Moreover, Tesco stated that food inflation had reached its peak.

In recent times, all major grocers in Britain have implemented price reductions on various essential products.

Trade unions and certain politicians have accused supermarkets of engaging in profiteering by allegedly being slow to pass on the declines in global commodity prices to consumers. However, supermarkets refute these allegations and deny any wrongdoing.

High inflation is posing challenges for governments across Europe. In recent developments, the French government successfully obtained a commitment from 75 prominent food companies to reduce prices on numerous products. Similarly, the Hungarian government has taken measures by implementing mandatory price reductions.

While the UK government has raised concerns about the surge in food prices it says it is not considering imposing price caps.

Advertisement

Britain’s retail giant Tesco appoints Gerry Murphy as new chairman amidst allegations

0
Gerry Murphy
Gerry Murphy

Britain’s biggest retailer Tesco made a significant announcement on Monday. They revealed that Gerry Murphy, the current CEO of Burberry, has been appointed as the company’s new chairman. This appointment comes as a replacement for John Allan, who recently resigned amidst allegations of misconduct. Despite denying these claims, Allan decided to step down from his position.

In a statement, the supermarket chain Tesco confirmed that Gerry Murphy, who currently serves as the chairman of fashion house Burberry and food group Tate and Lyle, will assume the role of chairman at Tesco starting from September 1.

He will depart Tate and Lyle but will retain his position at Burberry.

In May, Tesco made an announcement stating that Allan would be departing from his position following media allegations concerning his behavior towards women.

The Guardian newspaper reported that Allan faces “claims of inappropriate and unprofessional behaviour” from four women.

According to reports, it was alleged that Allan, aged 74, made physical contact with the lower body of a senior staff member at the previous year’s annual shareholder meeting held by Tesco.

The report came after The Guardian revealed similar accusations against staff at the CBI — Britain’s main business lobby group — triggering a shake-up and a police probe.

The newspaper said it was claimed that Allan touched the bottom of a staff member at the CBI’s annual dinner in 2019, when he was president of the employers’ organisation.

Allan has stated that he “vehemently” denies the claims.

The Guardian said the one allegation Allan admitted to was a comment about a CBI staffer’s appearance that she found to be offensive in 2019.

Advertisement

Subway signs 15th master franchise agreement, accelerates global expansion with 4,000 new restaurants in the pipeline

0

Subway, a prominent player in the restaurant industry, is actively pursuing its international expansion strategy. The brand recently achieved a significant milestone by signing its 15th new master franchise agreement in the past two years, reaffirming its commitment to global growth.

Through its most recent agreements in Bahrain, Georgia, Mainland China, Uruguay, Costa Rica, and Panama, Subway is poised to introduce over 4,000 upcoming restaurants across Europe, the Middle East, and Africa (EMEA), Asia Pacific (APAC), and Latin America and the Caribbean (LAC) within the next two decades. These strategic partnerships highlight the brand’s ambitious plans for expansion in diverse regions around the globe.

Since 2021, Subway has forged 15 master franchise agreements or country development agreements spanning EMEA, LAC, and Asia Pacific regions. These agreements amount to an impressive commitment of over 9,000 future restaurant establishments.

The master franchise agreements are a continuation of Subway’s international strategy to partner with experienced, well-resourced operators with specific market expertise as it strengthens its global presence.

The master franchisees will hold exclusive rights to oversee and expand Subway establishments within their designated countries. They have made a dedicated commitment to renovating existing locations and opening new restaurants, aligning them with the brand’s modern image and design.

“There is significant opportunity for Subway to expand its presence around the world and the new master franchise agreements are a reflection of the confidence that operators have in Subway and our transformation journey,” said John Chidsey, CEO of Subway by adding that they are ready to grow the brand with new and existing international multi-unit and multi-brand operators to serve more guests around the world.

The Bahrain agreement will mark Subway’s renewed presence in the country, where it initially expanded beyond the United States by opening its inaugural restaurant in 1984. Food Innovation Company, the newly appointed master franchisee, is a longstanding family-owned business in Bahrain. Their partnership will not only reconnect Subway with its devoted Bahraini customers but also introduce new patrons to the brand’s delectable, freshly-prepared food offerings.

Within the last 18 months, Subway has achieved a remarkable milestone by inaugurating over 1,000 new restaurants worldwide. Notably, more than 40% of this impressive growth can be attributed to the success of master franchise agreements.

Advertisement

Household grocery expenses soar as prices of essential cooking ingredients reach new heights

0
grocery
(Representative Image)

The skyrocketing costs of tomatoes, ginger, chillies, and cumin are exerting significant financial strain on household grocery expenses.

According to traders, the cost of tomatoes at Delhi’s Azadpur mandi, the largest wholesale market in Asia, surged from INR 100 per kg on Friday to INR 130 per kg on Monday. This sharp increase is anticipated to raise retail prices to around INR 170-180 per kg during the current week. Traders further cautioned that prices might even surpass the INR 200 mark.

The retail price of ginger, a fundamental ingredient in Indian cuisine, has surged to INR 320 per kg, marking a significant increase from INR 200 per kg just a month ago. This rise in price is attributed to diminished supplies from Karnataka, where unseasonal rains have adversely affected the ginger crop. Additionally, the ongoing unrest in Manipur has further contributed to the reduced availability of ginger from that region.

The price of cumin, a vital spice in Indian households, is currently hovering at around INR 55,750 per quintal at Gujarat’s Unjha Mandi. This significant surge in cumin prices can be attributed to robust domestic and export demand, combined with a constrained supply situation resulting from reduced yields in Gujarat and Rajasthan, the two major producer states. Additionally, a three-year low carryover stock of 50,000-60,000 tonnes has further intensified the supply pressure.

“Unseasonal rains in March have affected the production of jeera adversely,” said Arvind Patel, Vice President of the Unjha mandi.

On tomatoes, Ashok Kaushik, president of the Tomato Traders Association at Azadpur, said the surge in prices was quite steep this time.

“The same phenomenon had happened in 2017. Unseasonal rains in Haryana, Uttar Pradesh and Rajasthan have damaged the crop,” he said.

The northern states are now depending on supplies from Himachal Pradesh, he said, adding, “Supply from Maharashtra is also less as the crop there has been affected due to erratic weather conditions.”

In eastern states, tomato production has been impacted due to a heatwave. Tomato at the retail level is now selling at INR 150–160 per kg. Kasuhik doesn’t expect prices to soften immediately. “However, demand is reducing as consumers are not buying because of high prices. If this trend continues, then there might be a small decline in prices.” India produces around 20-21 million tonnes of tomatoes annually.

According to Dhruv Bhosin, proprietor of the Delhi Ginger Trading Company, ginger prices have been consistently rising at the wholesale level for the past two months. The situation has been aggravated by the impact of rainfall in Karnataka.

“Earlier, 25-30 trucks of ginger were coming to Azadpur mandi weekly. But now that has dwindled to 5-6 trucks. Also, farmers have cultivated a smaller crop this year as they had financially suffered last year due to higher production,” said a ginger trader from Azadpur mandi.

Advertisement

DMart reports strong Q1 growth: Revenue surges 18% YoY to INR 11,584 Crore, expands store count to 327

0
DMart
DMart (Representative Image)

Avenue Supermarts, the company behind the popular retail chain DMart, has announced standalone revenues of INR 11,584 crore for the first quarter ending in June.

The company witnessed a significant 18% growth in its standalone revenues, reaching INR 11,584 crore for the first quarter compared to the previous year’s figure of INR 9,806 crore. Additionally, in the preceding quarter of March, the company reported revenues amounting to INR 10,337 crore.

During the quarter under review, the company expanded its presence by opening three new stores, bringing the total number of stores to 327 by the end of June.

In the previous quarter, which ended in March, Avenue Supermarts recorded a year-on-year increase of 8% in standalone net profit, reaching INR 505 crore.

During the fourth quarter, the operating profit of INR 783 crore increased by 5% compared to the previous year. This profit was calculated as earnings before interest, tax, depreciation, and amortization (EBITDA). However, despite the increase in operating profit, the operating margins experienced a decline and reached 7.6%.

According to Motilal Oswal, DMart is anticipated to achieve a compound annual growth rate (CAGR) of 27% in revenue during the fiscal years 2023 to 2025.

The brokerage firm highlighted DMart’s exceptional track record of consistently achieving industry-leading growth, margins, and return on capital employed (ROCE), despite operating with a relatively asset-heavy business model. As a result, they believe that DMart deserves a higher valuation. The brokerage has set a target price of INR 4,200, representing an 18% upside from the current levels.

“While most retailers found it difficult to expand their footprint in the last three years due to Covid, DMart, despite operating on an ownership model, clocked a strong 20% CAGR in area addition over FY20-23, translating into 19% revenue growth,” Motilal Oswal said.

According to the brokerage, over the past five years, DMart’s stock has consistently traded at a valuation of 60 times its EV/EBITDA and a price-to-earnings (PE) ratio of 99x. However, following a 25% correction since September 2022, DMart’s current valuation is now at 36 times its EV/EBITDA and 58x PE based on its FY25 earnings. The brokerage notes that this represents a significant 30% discount compared to historical multiples.

Based on data from Trendlyne, the average target price for Avenue Supermarts is projected to be INR 3,974. Additionally, the consensus estimate indicates a growth potential of 3% for the company.

At the end of Monday’s trading session, DMart shares on the NSE experienced a 0.85% decrease, closing at INR 3,856. Throughout the year, the stock has witnessed a decline of 5.3%.

Advertisement

Mentos ventures into the soft drinks market with innovative jelly-infused beverages

0
Mentos
The new range consists of three flavour variants inspired by Mentos mints and gum flavours, including, lemon and mint, apple soda kick and fruity mix.

Mentos, the renowned confectionery brand under the ownership of Perfetti Van Melle, is about to embark on an exciting venture. In a bold move, Mentos is entering the soft drinks category for the very first time. Taking innovation to new heights, they are set to introduce a captivating lineup of non-sparkling beverages infused with delectable jelly bites. This marks a significant expansion for Mentos, as they bring their trademark creativity and flavor expertise to a whole new realm of refreshment.

The new range consists of three flavour variants inspired by Mentos mints and gum flavours, including, lemon and mint, apple soda kick and fruity mix.

The Mentos drink contains low sugar and is presented in a slim 240ml format.

Marta Ballesteros, Global Licensing Manager, said, “I’m thrilled with the launch of this ground-breaking drink for Mentos, which truly showcases our unwavering commitment to innovation and delivering exceptional brand experiences. I am confident that it will captivate the discerning palates of consumers across Europe, offering a delightful and unexpected taste sensation.”

The drink is manufactured by Namyang of South Korea under the license of Perfetti Van Melle and distributed in the European market by the Dutch company Engel Foreign Food B.V.

Kihoon Kim, Namyang’s Director of the overseas department, said, “We released Chupa Chups sparkling beverage in 2018 and we have been recognised for the quality and taste around the world since then. With the release of Mentos drink at this time, we will once again provide fantastic pleasure to people around the world”.

Advertisement

Domino’s launches new ragi super crust pizza in Gujarat in line with International Year of Millets 2023

0
Dominos

Jubilant FoodWorks Limited recently introduced the groundbreaking ragi super crust pizza in the state of Gujarat, showcasing their commitment to innovation.

Renowned for its remarkable contributions to India’s agricultural industry, the state has emerged as a prominent player in the production and promotion of millets. With impressive advancements, the region has become a frontrunner in embracing and popularizing these nutritious grains.

The event was graced by the esteemed presence of Bhupendrabhai Patel, the Chief Minister of Gujarat.

Domino’s recent menu expansion coincides with the United Nations’ proclamation of 2023 as the International Year of Millets. By introducing millet-based options, Domino’s aims to raise awareness about the nutritional and ecological advantages of these grains, fostering their widespread adoption worldwide.

The new ragi super crust pizza is a culinary fusion of Domino’s pizza expertise and the wholesome goodness of ragi (finger millet) promising an appetizing and nutritious experience for customers. Prepared by Domino’s expert chefs, the pizza features superior quality millet ingredients like Finger Millets Flour, Whole Wheat Flour, and Plain Oats, combined with a multi-seed mix of Flax seed, Watermelon seed, Pumpkin seed, and Sunflower Seeds.

“Gujarat’s vibrant millet production provides a wealth of ingredients for inventive cuisine. We are thrilled to unveil the Domino’s new ragi super crust pizza in a state revered for its culinary richness. Our goal is to align with the Government of India’s vision of making 2023 truly the year of Millets. We believe this innovative range will create memorable pizza-eating experiences for our customers,” shared Shyam S Bhartia and Hari S Bhartia, Chairman and Co-Chairman of Jubilant FoodWorks Limited.

Gujarat CM Bhupendrabhai Patel praised Domino’s visionary initiative and shared, “I am pleased to be a part of this momentous occasion of Jubilant Foodworks Limited and Domino’s launching of Millet Pizza and the virtual inauguration of their upcoming Food Processing Park in Sanand. We applaud Jubilant FoodWorks Limited efforts to promote millets in Gujarat. This move showcases their understanding of Gujarat’s extensive millet consumption. With India ranking as the 5th largest millet exporter worldwide, Domino’s new ragi super crust pizza propels millet consumption within the nation. This unique innovation not only exemplifies the brand’s originality but also aligns with the Honourable Prime Minister’s call to celebrate 2023 as the International Year of Millets.”

With Gujarat consistently showcasing its immense potential, the Jubilant Bhartia Group recognizes the state as an ideal investment and expansion destination.

Committed to contributing to Gujarat’s development, Jubilant FoodWorks has unveiled plans to establish a state-of-the-art food processing park in the Sanand Industrial Area, reinforcing the company’s belief in Gujarat’s potential and commitment to job creation.

Advertisement

iD Fresh Food launches iD Squeeze and Fry Vada Batter 2.0, redefining convenience and personalized Vada making

0
iD Fresh Food Vada Batter
iD Fresh Food Vada Batter

iD Fresh Food, the leading and beloved fresh food brand in India, has made an exciting announcement about its latest product, iD Squeeze and Fry Vada Batter 2.0. This groundbreaking offering is set to redefine the food industry with its exceptional features. Taking into account valuable consumer feedback, iD Fresh Food has introduced a unique packaging design that includes a resealable section. This ingenious addition allows consumers to effortlessly incorporate their preferred masalas or condiments into the vada batter. The upgraded spout ensures smooth passage of finer particles, while a transparent window provides visibility to ensure proper mixing of the masala.

As part of the Vada 2.0 launch, iD Fresh Food has unveiled an exciting campaign titled “Your Vada, Your Way Da!” The campaign emphasizes iD’s innovative and customizable approach to vada preparation, empowering individuals to create vadas according to their personal taste.

The new packaging features a transparent section in the front, enabling consumers to verify the proper mixing of added masalas/condiments with the batter. With iD Squeeze and Fry Vada Batter 2.0, you can now personalize your favorite vadas by adding onions, pepper, ginger, or any other desired ingredients quickly and effortlessly. The product is currently available in Bangalore and will soon be introduced in other cities in the upcoming months.

The original squeeze-and-fry packaging design for vada batter, launched by the company in 2018 and featured as a Harvard Business School Case Study, aimed to identify and solve customer problems using common sense. With the 2.0 version, iD Fresh Food aims to enhance customer experience and usability. iD Squeeze and Fry Vada Batter 2.0 is initially available in Bengaluru and will be gradually introduced in other key markets across India.

PC Musthafa, CEO and Co-Founder of iD Fresh Food shared, “It took us three years and numerous failed attempts to develop the packaging for vada batter the first time. We had to blend the intricate art of traditional vada-making with the simplicity of modern technology to achieve the hole in the center of the vada. In the upgraded version, we have incorporated valuable customer feedback received over the years to deliver an improved product and a happier customer experience without compromising on health, taste, or convenience. At iD, we always listen to our customers, and we will continue to do so. I’m excited to witness the customer response to iD Squeeze and Fry Vada Batter 2.0.”

Founded in 2005, iD Fresh Food has been steadfast in its mission to produce and deliver a wide range of ready-to-cook, fresh Indian foods. The company takes pride in its unwavering commitment to using only natural ingredients, completely avoiding chemicals, preservatives, artificial colors, and flavors. With a perfect blend of innovation and tradition, iD Fresh Food has become a trusted brand, known for its delectable offerings and thoughtful food packaging solutions.

Rahul Gandhi, CMO of iD Fresh Food said, “At iD, we believe that innovation is not solely about cutting-edge technology or substantial investments; it’s about addressing customer needs in a responsive manner. Our customer-centric approach ensures that all our products align with the emotional quotient and lifestyles of consumers. iD Vada Batter, made with high-quality urad dal and rice flour, enhances the taste and healthiness of homemade vadas. Moreover, with the Vada 2.0, you can now customize these crispy, golden delights according to your preference. Our campaign ‘Your Vada, Your Way Da!’ perfectly embodies this philosophy, enabling individuals to create vadas according to their personal taste.”

iD Squeeze and Fry Vada Batter 2.0 offers a quick and convenient solution for satisfying your vada cravings, especially during the monsoon season. The freshly prepared batter allows you to make delicious and perfectly-shaped vadas at home, while the improved packaging ensures that the vadas are tailored to your liking.

Presently, iD Fresh Food caters to over 45 cities across India, UAE, US, and UK, reaching customers through a network of 30,000 retail stores. The brand offers an extensive selection of natural and nutritious products, including Idly and Dosa Batter, Ragi Idly and Dosa Batter, Rice Rava Idly Batter, Malabar Parota, Wheat Lachha Paratha, Homestyle Paratha, Wheat Chapati, Soft and Creamy Paneer, Creamy Thick Curd, “Squeeze and Fry” Vada Batter, as well as three customized blends of Instant Filter Coffee Liquid and Coffee Powder.

Advertisement