India’s food service industry faces temporary LPG supply constraints. Smaller restaurants are feeling the pinch, while major quick-service restaurant chains are largely unaffected. Experts suggest QSRs are adapting by rationalizing menus and increasing reliance on electric equipment. The overall impact on the food business is currently modest, with quick commerce valuations also a point of concern.
US Stocks: Nasdaq ends down as expectations of Hormuz deal fade
The Nasdaq closed lower as investors worried about the Strait of Hormuz. U.S. crude oil prices jumped significantly amid the ongoing Middle East crisis. Intel