Shares of appliance makers Stove Kraft, TTK Prestige and others soared up to 5% as West Asia tensions disrupt cooking gas supplies. India, a major LPG importer, faces shortages. Restaurants are switching to simpler menus. Demand for induction cooktops has surged significantly. This situation impacts gas prices and availability across the country. Railway food centers are also adopting alternative cooking methods.
Global Market: Strait of Hormuz standoff may keep oil volatile, cautions Seth R Freeman
Global energy markets face fresh uncertainty as Iran signals potential closure of the Strait of Hormuz. This critical chokepoint, through which a fifth of global