Indian cities are experiencing gas supply shortages due to the ongoing Middle East conflict, leading to price surges for domestic and commercial LPG. Several sectors, including fertilizers, restaurants, and tile manufacturers, are directly impacted as supply constraints worsen. The government has issued new regulations to prioritize essential gas supplies amidst the crisis.
Bandhan Bank Q2 profit jumps 5.6 times as asset quality improves
Bandhan Bank reported a five-fold rise in Q2 profit to Rs 622 crore, supported by lower provisions and improving asset quality. Net interest income grew