Industry observers said the slump in sales exists across formats such as value and standalone and premium dining formats and has continued since April or even earlier.
Representatives of PACE said the participating companies will infuse investments upwards of Rs 1,000 crore on mobilising and converging assets and resources for plastic waste management.
The GST Council is scheduled to meet on 20 September to consider tax revisions on various categories including biscuits and the auto sector.
Based on an 'all-you-can-eat' model, this was the biggest bone of contention between Zomato and restaurants.
Parent group also extends a loan facility of Rs 150 crore; Money to be used to open new stores and refurbish existing ones.
Companies are seeking clarity on whether possible ban on single-use plastics will extend to PET bottles.
The food service sector, estimated at over Rs 4 lakh crore in FY19, is forecast to grow to Rs 5.5 lakh crore by 2021
Amazon challenging a Delhi HC order barring etailers from selling goods of direct selling cos.
Following the price cap, innovations in products like sanitary napkins, hand washes could suffer, cos say.
NRAI said restaurants would not come back until ‘deep discounting’ is off the table.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon