Indian restaurants are grappling with a severe LPG shortage due to the West Asia conflict, forcing them to innovate with menus and cooking methods or face potential closures, impacting the food industry and consumers across the country.
Mumbai hotels and restaurants are facing potential closures due to a critical shortage of commercial LPG cylinders, with similar disruptions reported across India. The crisis stems from revised government priorities for domestically produced natural gas, impacting the hospitality sector and potentially affecting tourism.
Indian eateries are adapting to the LPG crisis by cutting menus, increasing prices, and switching to alternative fuels like coal, as LPG supplies are disrupted due to global events. State authorities are cracking down on hoarding and black marketing of LPG cylinders.
Aviation Turbine Fuel (ATF) prices have more than doubled to a record high, impacting airlines and consumers, while commercial LPG rates also see a significant increase.
A disruption in the supply of LPG cylinders caused by tensions in the Strait of Hormuz is impacting Indian kitchens, leading to restaurant closures, price hikes and a surge in demand for electric cooktops.
Argentina has significantly increased its LPG exports to India to help mitigate shortages caused by the ongoing conflict in West Asia. This partnership is becoming increasingly important for India's energy security.
The government has assured citizens that there is no need to panic book LPG cylinders, as uninterrupted supply to households is being ensured despite the ongoing conflict in West Asia.
Rahul Gandhi accuses the government of compromising India's energy security by allowing the US to dictate oil supply relationships, raising concerns about the impact of global conflicts on India's energy access.
India imports nearly 60 percent of its LPG, with most cargo previously coming through the Strait of Hormuz, now closed for commercial shipping.
'There is no shortage of fuel whatsoever.' 'India is stock surplus as far as petrol and diesel are concerned.'
The LPG squeeze on India's restaurant sector is the quotidian face of a deeper crisis.
When missiles fly in this region, they are never just aimed at military targets.
Dubai's core promise -- that it is an oasis untouched by regional storms -- has been tested in full public view. The coming months will show whether investors view the attacks as a short-lived disruption or a deeper signal of lasting risk, points out Asif Ullah Khan.
The Commission for Air Quality Management (CAQM) has revoked restrictions imposed under GRAP 3 in Delhi-NCR following improvements in air quality. Non-essential construction and demolition activities are now allowed to restart, and restrictions on vehicles have been lifted.
'When an establishment operates despite demolition or closure orders, without proper fire exits, evacuation plans or safety audits, and yet is allowed to host large crowds, the state cannot hide behind the language of accident.' 'The authorities were aware of the risks and of the violations, but chose not to act decisively because doing so would have inconvenienced those with influence and financial stakes.' 'In such a scenario, the moral and legal responsibility for the resulting deaths moves from negligence towards culpability; calling it 'murder' is a way of underlining that these lives were sacrificed at the altar of greed and complicity, not fate.'
Saurabh and Gaurav Luthra, the owners of the Goa nightclub wanted in connection with the fire tragedy that claimed 25 lives at the facility, have fled to Thailand, prompting police to seek the help of Interpol to trace them, officials said in Panaji on Monday.
The NDRF has deployed its first-ever team of cadaver dogs to help locate those feared dead in the cloudburst incident in Uttarakhand. Disaster swept through the Himalayan village of Dharali on the way to Gangotri on Tuesday with a massive cloudburst leading to flash floods that barrelled through homes, trees, and cars, trapping 60-70 people and leaving at least four dead.
'Financially we are sound and we have always broken even. 'It is just we don't have the personnel and that is why we have to close down.'
Proprietors Yadgar Marker and his daughter Phiroza launched a "Save India Club" appeal as they fought to keep it going but have now announced its impending closure.
Hyderabad police have imposed restrictions on Holi celebrations, prohibiting group vehicle movement and throwing colors on unwilling individuals. BJP MLA Raja Singh criticized the notification, calling it a "Tughlaq farman " and accusing the Congress government of favoring a particular community. He questioned the lack of similar restrictions during Ramzan and alleged that the Congress government is anti-Hindu.
SDMC officials said on Wednesday that a closure notice was issued to the Aquila Restaurant located at Ansal Plaza in Andrews Ganj for operating without a valid licence.
Meanwhile, a precautionary blackout has been enforfced in the multiple areas amid the esclating tensions between India and Pakistan.
The Delhi government on Tuesday directed the closure of all private offices, except those in exempted categories, amid rising number of Covid-19 cases.
A third of the total restaurant market in India - valued at Rs 4.25 trillion - could be wiped out in the current financial year, since many players have simply been unable to sustain operations in the absence of customers.
The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.
The Rajasthan government on Sunday announced the closure of schools in urban areas, Sunday curfews, time limits on markets and a cap on occupancy at restaurants and movie theatres in view of a surge in COVID-19 cases.
West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver.
After Mumbai Police commissioner issued the directive, the police commissioners of Thane and Navi Mumbai followed suit citing concerns of 'serious crimes' and 'law and order disruptions'.
Delhi Pollution Control Committee has asked water & electricity providers to cut supply
The directive also applies to massage parlours and hookah bars, the official said, adding that strict action would be taken in case of any violation.
Kohrra is a terrific ensemble piece but the two fine leads keep show glued together, applauds Aseem Chhabra.
The Delhi government has allowed reopening of bars, public parks and gardens from Monday under a phased easing of restrictions, which were imposed due to the second Covid wave.
The funding marks the first investment in the Indian food delivery category by SoftBank Vision Fund 2, with participation from the company's long-term investor, Prosus, and other existing investors Accel Partners and Wellington Management, Swiggy said in a statement. In addition, new investors Qatar Investment Authority, Falcon Edge Capital, Amansa Capital, Goldman Sachs, Think Investments and Carmignac participated in the round, it stated. This latest fundraise was heavily oversubscribed following strong interest from investors, and comes on the back of Swiggy's rapid recovery from the impacts of COVID-19 and subsequent growth in 2020-21, Swiggy said.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
Delhi logged 23 COVID-19 fatalities on Tuesday, the highest since June 16, and the positivity rate rose to 25.65 per cent with the government directing closure of all private offices, except those in exempted categories.
The hospitality and tourism sector is among the worst hit because of the pandemic, and is unlikely to recover any time soon as people continue to be cautious of going out in a crowded places.
The National Company Law Appellate Tribunal (NCLAT) on Wednesday closed insolvency proceedings against Oyo and one of its subsidiaries, and also disallowed the intervention of external parties including Federation of Hotel & Restaurant Associations of India (FHRAI). Industry body FHRAI said in May it has been allowed by the NCLAT to intervene on behalf of hotels in the Oyo unit insolvency case before the tribunal. The association had filed the application on behalf of its member hotels in India, who it said at the time are operational creditors suffering hugely on account of non-payments of debt by Oyo.
Most producers have put off plans to make capital investments in their wineries, and implemented cost-reduction measures to conserve cash.
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