Five-star hotels who were never a part of takeaway and delivery, have also succumbed. Paul Kinny, Director of Culinary, St. Regis Mumbai, reiterates, “This has given rise to the requirement for allied partners and vendors who provide the much-needed support. We have also started implementing varied new protocols that require equipment and apps that were not required earlier. These are the need of the hour to ensure that our guests get a feeling of safety and comfort while dining at our property.” … [Read more...] about How new verticals in home-delivery and takeaway space are helping restaurants tide over COVID crisis
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India Inc has cut down costs to the hilt in the September quarter. Even with a benign performance on top line and no great benefit of operating leverage, the number of companies that have reported a year-on-year improvement in operating margins is mind boggling. While softer input costs had some role to play, a greater contribution came from rationalisation of headcount as well as employee remuneration alongside stringent control over all discretionary expenses. … [Read more...] about Is the recovery here to surprise us quarter after quarter?
The recent tariff assault initiated by the United States on Chinese imports, which sparked a prompt retaliation by China, has left global investors worried. For emerging markets, reeling under the impact of the strong dollar, rising US interest rates and an end to accommodative monetary policy globally, the news of trade wars between the titans was another nail in a coffin whose lid has taken quite a hammering. … [Read more...] about COMMENT-The US-China trade war has no winners, and markets will have to live with it
If you’re outfitting a new home, there’s a good chance you’ve popped onto the Wayfair website. But it can get overwhelming scrolling through the 14 million products the retailer sells. If you’re in the Boston area, you’re in luck. Wayfair has just opened its first-ever brick-and-mortar store with a curated selection of products and consultants on hand to help you design your room. … [Read more...] about Wayfair sells 14 million products. Here’s what its first-ever store is like