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Tourism and hotel sector stocks: Time for a correction in business? Are analysts getting it wrong? 15 stocks from the ecosystemThe Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were high, room rates firm, supply is, i...- LPG Crisis: QSRs shut outlets, fine-dine chains halt plansLPG supply disruptions from the West Asia war are forcing major restaurant chains like McDonald's and Pizza Hut to temporarily close outlet...
- Devyani International to acquire majority stake in 'Biryani by Kilo'Devyani International Ltd (DIL), a major franchisee for KFC, Pizza Hut, and Costa Coffee, plans to acquire a controlling stake in Sky Gate ...
- Devyani International Q1 Results: Company reports net profit of Rs 22 crore versus loss YoY; revenue jumps 44%For the June quarter, the company reported revenue from operations of Rs 1,222 crore, a 44% increase year-on-year, driven by improved ADS a...
- Devyani, PVR Inox form JV to develop food courts in mallsDevyani International has formed a 51:49 joint venture with multiplex operator PVR Inox to develop and operate food courts within shopping ...
- PVR Inox inks pact with Devyani International for development and operation of food courts in IndiaPVR Inox and QSR operator Devyani International have agreed to form a new company to develop and manage food courts in India's shopping mal...
- Devyani International Q1 Results: KFC owner's PAT tumbles 84% YoY to Rs 12 croreThe revenue from operations stood at Rs 846.63 crore up 20% year-on-year (YoY) from Rs 704.72 crore in the April-June quarter of FY23.
- Proxy advisory company flags presence of cardiologist on fast-food cos' boardsThis is the question raised by the proxy advisory firm Stakeholders Empowerment Services (SES) in its report on Devyani International over ...
- Can Devyani's move to diversify help it get an edge over Sapphire Foods?DIL and SFIL operate the two common brands in India and at a few international locations. SFIL also operates one more brand exclusively in ...
- IPO funds to make Devyani International debt free: Ravi Kant Jaipuria“There is a huge headroom for us to grow. We are in the fast food market and there is no reason why the growth should not come for these br...
- DIL extends partnership with Costa Coffee; gets developmental rights for 5 years:While in 2018, Coca-Cola acquired Whitbread Plc-owned UK cafe chain Costa Coffee in a global $5.1-billion buyout, in India Costa Coffee has...
- 4 IPOs to keep market buzzing this week; to raise Rs 3,600 croreAnalysts and traders expect the issues to sail through given the demand for fresh issues in the market. The grey market premium has also ju...
- Pizza Hut, KFC operator Devyani International IPO to open on August 4, fixes IPO price band at Rs 86-90Devyani is the single largest quick-service restaurant (QSR) company in India to be listed on Swiggy and was among the largest QSR companie...
- KFC, Pizza Hut operator DIL files for Rs 1,400 crore IPOThe Initial Public Offering is looking to raise Rs 400 crore via issuance of fresh equity shares and an offer of sale of upto 125,333,330 e...
- Varun Beverages, promoted by PepsiCo bottler RJ Corp, files for IPOA statement issued by RJ Corp said the IPO will entail sale of up to 2.5 crore shares of Rs 10 each, including fresh issue of 1.5 crore sha...
- Paytm announces online food festival to drive traction for its food categoryThe company said it tied up with online food ordering platforms such as Zomato, Swiggy, Faasos, Tiny Owl and Holachef.
- Singapore's Temasek to take stake in Devyani InternationalReports say Temasek would buy an existing Rs 1 billion stake in Devyani from ICICI Venture, the private equity arm of private sector ICICI ...
- Billionaire Ravi Jaipuria to launch restaurant chain in Singapore"It's a very interesting market and can be a very important hub for us," stressed Jaipuria who is exploring more business opportunities in ...
- Growth in food sector is unrealistic; look to double our business at Devyani International: Ravi JaipuriaWe are looking at doubling our business at (our foods arm) Devyani International— this includes Costa Coffee, KFC, Pizza Hut, Vaango
- Standard Chartered Private Equity to buy 5% in RJ Corp's Varun BeveragesStanChart Bank's private equity arm will invest 250 crore in Varun Beverages International in a deal that values the company at more than $...
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