Shares of quick-service restaurants (QSRs) are currently hovering around their 52-week lows on Friday, March 13 primarily due to a significant shortage of commercial LPG resulting from supply chain issues in the Strait of Hormuz. Key players such as Sapphire Foods, Jubilant Foodworks, Devyani International (KFC, Pizza Hut), and Westlife Foodworld (McDonald’s) are encountering operational…
The war between US-Israel and Iran has created an energy crisis across the world. Especially the situation regarding LPG supply has worsened. India is fully prepared for this energy crisis. At present there is no shortage of LPG in the country. A response has also been given by the Ministry of Petroleum and Natural Gas…
‘Commercial cylinder has been closed, no cylinder is available, only this last cylinder is left, after that I have run out of gas…going back to the old systems. Now we will get a coal furnace built and make tea on it…what to do, employment has to be done, it has to be done however you…
According to the report of brokerage house JM Financial, its impact will be more on QSR (Quick Service Restaurant) companies. This may have a negative impact on the operations and profits of the restaurant for some time. The biggest concern for Westlife FoodWorld, Devyani International, Sapphire Foods India and Restaurant Brands Asia is rising kitchen…
A cabinet meeting was held under the leadership of Prime Minister Narendra Modi on Tuesday (March 10) amid the war between US-Israel and Iran and increased tension in the Middle East. In the meeting, Prime Minister Modi has bluntly told the ministers to maintain public trust in this situation of global turmoil. PM Modi’s instructions…
Amid the lack of fuel supply concerns in India, Indian Premier League (IPL) Governing Council Chairperson Arun Dhumal stated that the league is assessing the developing situation as the Middle East conflict continues. This follows Ministry of Petroleum and Natural Gas instructing oil refineries to boost the production of Liquefied Petroleum Gas (LPG) and ensure…
The hospitality sector has been hit by the sudden shortage of LPG supply amid the ongoing conflict in West Asia. Restaurant associations have warned that eateries could shut down within days if supplies are not restored. The disruption has already begun affecting operations in Mumbai and Bengaluru, as hotels and restaurants struggle to secure cooking…
