A founder of a quick service company reportedly said that the 10-minute delivery was something of a "gimmick" as the speed of the delivery has slowed down and the costs have rise
"We expect Wow! Momo to not only gain domestic market share in India but also to be the first global sized QSR company from India," said Vishal Ootam, founder and CEO of OAKS Asset Management
It comes just days after, on Tuesday, HC had asked the restaurants why they could not increase the salaries of their staff instead of levying a service charge
Aggressive expansion, raw material inflation, and competitive pressures to hit Quick Service Restaurant (QSR) player Jubilant FoodWorks stocks and profitability, say analysts
A national food industry body and several restaurant owners on Friday said the government's move to come out with a legal framework to stop service charges will hurt the staff
The National Restaurant Association of India (NRAI) on Thursday told the government that levy of service charge by a restaurant is a matter of individual policy and there is no illegality in levying it.
The 'Take Home' service of restaurants and dhabas across Noida and Greater Noida will remain banned during night curfew period from 10 pm to 6 am, the Gautam Buddh Nagar police said Wednesday.