Tag Archives: around-the-clock

PM’s Secretariat clarifies questions on appointments by chief personal secretary

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Kathmandu, Nov 24: Following questions about Prime Minister Sushila Karki’s Chief Personal Secretary, Adarsha Shrestha, the PM’s secretariat issued a clarification. The statement came after public concerns that the Chief Personal Secretary had recruited relatives in the Prime Minister’s office. The secretariat explained that the Prime Minister appoints the Chief Personal Secretary, who in turn can hire other staff under the PM’s guidance. All appointments, they said, followed this procedure. The clarification noted that the secretariat operates with fewer staff than authorized to reduce the burden on the state treasury. It also emphasized that PM Karki has only her husband as family, and due to her age, she selected a trusted person capable of providing close, around-the-clock support. The statement requested that questions should focus on legally justified appointments, not assumptions. It added that linking the Chief Personal Secretary to nepotism or claiming family ties based on surname or ethnicity is incorrect. According to the secretariat, although the office is authorized to have seven advisors, only two are currently appointed. Of 19 expert staff positions, only four are filled, one of whom is unpaid. The personal secretariat has 41 sanctioned posts, but only 14 are currently active. Overall, 20 people are currently working in the Prime Minister’s secretariat. People’s News Monitoring Service.
https://mypeoplesreview.com/2025/11/24/pms-secretariat-clarifies-questions-on-appointments-by-chief-personal-secretary/

Denny’s shares jump 50% after it agrees to go private in $322M deal

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Shares in Denny’s jumped 50% on Tuesday after the 71-year-old diner chain, long known for its “Grand Slam” breakfasts and 24/7 service, agreed to go private in a $322 million deal.

The acquisition is being led by TriArtisan Capital Advisors, a New York-based private equity firm that also owns Chinese food chain P.F. Chang’s, as well as the parent companies of Hooters and TGI Fridays. Investment firm Treville Capital Group and Yadav Enterprises, one of Denny’s largest franchisees, are partnering with TriArtisan to buy out the restaurant chain.

Stockholders will receive $6.25 per share in cash, representing a 52% premium compared to the closing stock price on Monday. Denny’s board of directors has unanimously approved the deal, which is expected to close in the first quarter of 2026.

Denny’s Chief Executive Kelli Valade said the company conducted a thorough review of strategic alternatives, reaching out to more than 40 potential buyers and receiving multiple offers.

For years, one of Denny’s biggest draws was its 24/7 service, including around-the-clock breakfast favorites. However, the chain paused those hours during the pandemic, and about a quarter of its 1,600 restaurants have yet to return to 24-hour service. The company has eased up on the requirement despite its popularity among customers.

Denny’s is also facing challenges as more Americans opt to eat at home to save money, leaving customers surprised by rising prices. Over the past two years, the chain has closed 180 locations and launched a turnaround effort that includes new menu items and restaurant remodels.

In the third quarter, same-store sales slipped 2.9%, and the company’s revenue and earnings fell short of Wall Street estimates. Prior to Tuesday’s stock surge, Denny’s shares had fallen about 34% so far this year, hitting a 12-year low in February following a steep decline in quarterly sales.
https://nypost.com/2025/11/04/business/dennys-shares-jump-50-after-it-agrees-to-go-private-in-322m-deal/