Page 3 - Restaurants

Food of the Frontier: Why Indians love this cuisine of slow cooking

Food from Pakistan's mountainous province is tender and avoids spices

Haldiram's exploring IPO as plans to sell to foreign investors stall

IPO considerations are preliminary and the controlling shareholders may still decide to lower their asking price and proceed with a sale

Devyani International Q4: Net loss of Rs 48.95 cr, revenue at Rs 1,047 cr

Quick service restaurant operator Devyani International Ltd on Tuesday reported a consolidated net loss of Rs 48.95 crore in the fourth quarter ended March 31, 2024, impacted by forex translation loss due to the devaluation of Nigerian currency. The company had posted a consolidated net profit of Rs 59.88 crore in the fourth quarter of the previous fiscal, Devyani International said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,047.08 crore as against Rs 754.98 crore in the corresponding period a year ago, it added. Total expenses were higher at Rs 1,057.32 crore as compared to Rs 724.77 crore in the year-ago quarter, it added. During the quarter ended March 31, 2024, and the year ended March 31, 2024, due to significant devaluation of the Nigerian currency, the Nigerian subsidiary of the group has recognised Rs 42.37 crore and Rs 89.7 crore devaluation impact on account of translation loss of USD denominated liabilities

Delhi HC asks Swiggy, Zomato to delist 13 eateries using Domino's trademark

Domino's initiated a lawsuit for trademark infringement against 13 restaurants operating names such as 'Dominic Pizza', 'and Dominek's Pizza', among others

NYC to require warning labels for sugary foods, drinks in chain restaurants

New York City residents may soon see warning labels next to sugary foods and drinks in chain restaurants and coffee shops, under a law set to go into effect later this year. The rule requires food businesses with 15 storefronts or more to post a warning icon a black and white spoon loaded with sugar next to menu items containing at least 50 grams of added sugar. Businesses will also have to post the following written label to accompany the logo: Warning: indicates that the added sugar content of this item is higher than the total daily recommended limit of added sugar for a 2,000 calorie diet (50g). Eating too many added sugars can contribute to type 2 diabetes and weight gain. The city's health department posted its proposed rule language last week and set a public hearing for late May. City officials and Mayor Eric Adams, a Democrat, approved the law last year. The rule is scheduled to go into effect June 19 for prepackaged food items and December 1 for other items. Asked about

Dining delights to home delicacies, restaurants get into gourmet retail

From delectable pastes to artisanal blends, savoury chips to ice-creams, culinary treats crafted by in-house chefs are hitting the shelves

Deepinder Goyal launches 'Pure Veg Mode' to woo vegetarian customers

Zomato founder and chief executive officer Deepinder Goyal on Tuesday announced the launch of a 'Pure Veg Mode' along with a 'Pure Veg Fleet'

Notice served to Gurugram cafe where five fell ill after consuming dry ice

The manager of Gurugram's La Forestta cafe-cum-restaurant was arrested on Tuesday, after five people fell ill by consuming dry ice instead of mouth freshener

Dal with 24-carat gold dust: Video goes viral at Ranveer Brar's restaurant

A video of Dal with a 24-carat gold tadka goes viral on Instagram from Celebrity chef Ranveer Brar's Dubai-based restaurant, 'Kashkan'

Five people vomit blood after being served dry ice as mouth freshner

A group of five people were accidentally served dry ice as mouth freshener, after which their health deteriorated. Police registered a complaint against the restaurant owner

Bite-sized ventures: Street food startups spice up India's culinary scene

Meet the entrepreneurs turning India's streets into gastronomic hotspots

Israel-Hamas war: Starbucks, Coke, McDonald's hit by Middle East boycotts

In Cairo, on a recent weekday, dozens of usually bustling Starbucks and McDonald's stores stood completely empty

Zomato to support 300,000 restaurants, empower 1 mn gig workers by 2030

The company aims to facilitate 100 per cent of its deliveries through EVs by 2033 and carry out the delivery of 100 million plastic-free food orders by 2025

India KFC operator Devyani International enters Thailand with $129 mn deal

India's Devyani International said it will begin operating KFC outlets in Thailand after it acquired Restaurants Development Co in deal a worth $128.9 million, expected to be completed by March 2024.

With customers spending more, restaurants to hire 500,000 in next 12 months

Westlife Foodworld, which owns and runs McDonald's restaurants in western and southern India, plans to open 40-45 stores every year

Burger King weakness drives sales miss at parent Restaurant Brands

Toronto, Canada-based Restaurant Brands posted an adjusted profit of 90 cents per share, beating estimates of 86 cents

Speciality Restaurants to focus on oriental cuisine for expansion

Cloud kitchens, which expanded quickly during the pandemic, will continue to grow

Everstone offloads 25% stake in Restaurant Brands via block deals

The private equity firm will retain a 15.44 per cent stake in the company, which operates the Burger King brand of fast-food restaurants in the country

After Bikaji Foods, Bikanervala to go for IPO in next three years

The company Bikaji Foods International has declared revenues of Rs 1966 crore with a value growth of over 22 per cent year or year and with profit after tax of Rs 126.5 crore in FY 23

Tomato price shock hits Indian restaurants, cheaper puree sales boom

Tomato prices on Wednesday in New Delhi were 199 rupees/kg, from around 30 rupees in April. Puree prices have so far not changed