The fire broke out at 12:25 p.m. (0425 GMT) in a restaurant in a residential area of Liaoning Province's Liaoyang City, state broadcaster CCTV said
Quick service restaurant chain operator Devyani International Ltd on Thursday said it will acquire up to 80.72 per cent stake in Sky Gate Hospitality, which operates brands including 'Biryani By Kilo', for Rs 419.6 crore. The acquisition includes three brands of Sky Gate -- Biryani By Kilo, Goila Butter Chicken, and The Bhojan. The company's board in its meeting approved acquisition of up to 80.72 per cent equity stake for Rs 419.6 crore, on fully diluted basis, in Sky Gate Hospitality Pvt Ltd along with its subsidiaries, Devyani International Ltd (DIL) said in a regulatory filing. In addition, the company will also pay contingent consideration as per the terms of the transaction documents, DIL said. DIL operates quick service restaurant chains such as KFC, Pizza Hut, and Costa Coffee through franchise agreements. Sky Gate along with its subsidiaries owns brands Biryani By Kilo, Goila Butter Chicken and The Bhojan. It predominantly operates through a chain of over 100 outlets ...
The HC decision came on a clutch of petitions moved by the Federation of Hotels and Restaurant Associations of India (FHRAI) and the National Restaurant Association of India (NRAI)
Hotels charging a room rent above Rs 7,500 a day at any time in any financial year will be considered 'specified premises' for the next fiscal and restaurant services provided inside such premises will attract 18 per cent GST with input tax credit, the CBIC said on Thursday. From April 1, 2025, the taxability of such restaurants which operate inside hotels will be on the basis of value of supply (transactional value). This would replace the concept of 'declared tariff' which included charges for all amenities provided in the unit of accommodation (given on rent for stay) like furniture, air conditioner, refrigerators or any other amenities, but without excluding any discount offered on the published charges for such unit. "For the period starting from 01.04.2025, the value of supply of hotel accommodation in the previous FY, i.e., the transaction value charged for the said supply, would be the basis for determining whether the premises providing hotel accommodation service mandatoril
Option of 5% GST without ITC or 18% with ITC to be applicable on restaurant services provided at non-specified premises, clarifies FinMin
India takes on New Zealand in the Champions Trophy finale on Sunday. The two clashed earlier in the series, where India won the match by 44 runs
The use of analogue paneer by food joints has sparked concern, especially in urban areas where many rely on food deliveries and restaurant meals
Under the direct supervision of Home Secretary Yvette Cooper, the Home Office recorded a record-breaking January, conducting raids on 828 premises
Bistro, company's instant food delivery app, is not a private label, he says in email
Both Zomato and Swiggy have defended their quick delivery services and are working to dispel fears of data exploitation
As hobby and business, baking means art and science to its practitioners
The GST Council decided to suitably amend the CGST Act to link GST on restaurant services with actual room tariff provided by the hotel
The National Restaurant Association of India has issued an advisory cautioning its members over deep discounting and payment gateway tools offered by aggregator platforms for dine-in operations. The advisory comes when food delivery giants including Zomato and Swiggy are aggressively focusing on expanding their dine-in customer base. NRAI urged restaurants to use aggregator payment platforms only if the payment gateway services are unbundled from the other services that it offers; and makes financial sense as a payment gateway independently compared to other payment gateways. In its advisory, NRAI asserted that aggregators use deep discounting as a tool to attract customers, including the restaurant's regular customers, to their platforms. The customers are then incentivised to participate through aggressive cashback and discounts, which eventually move the restaurants' existing customers to their platforms. "We are fine with aggregator platforms charging restaurants a reasonable .
All shopkeepers and vendors are required to display their identification to avoid any inconvenience for the public. Street vendors selling food items should also maintain proper hygiene standards
An inspection drive will be launched in the state, while also making police verification mandatory for all employees, whether they work at small roadside eateries or upscale restaurants
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 ...
Simple and delicious dishes are being reinvented while maintaining their originality
Hotels, shops, bars, and licensed establishments in Bengaluru can now remain open until 1 am daily; policy is only applicable exclusively within the limits of the BBMP
Earlier in November 2022, the restaurant chain had raised $2 million in a seed round led by Negen Capital
Food and grocery delivery platform Swiggy on Tuesday launched marketing solutions to drive customer engagement for restaurant partners. This offering, accessible to partners PAN-India, aims to support restaurants to boost their online brand presence by leveraging social media platforms, such as Facebook, Instagram and WhatsApp. The services include influencer marketing, social media ads on Facebook and Instagram, and WhatsApp marketing. These strategies aim to drive traffic to restaurant menu pages on the Swiggy app, leveraging hyper-local and behavioural targeting. "This initiative is now live across India. Interested restaurant partners can participate by accessing this service via the restaurant services icon on the Swiggy Owner app," Swiggy stated.