MUMBAI: Sales of induction cooktops have surged on e-commerce platforms as consumers are rushing to keep back-up options ready amid fears over disruption in supply of cooking gas.For Walmart-controlled Flipkart, sales volumes have tripled over the last four-five days as compared to the preceding three-four weeks, while Amazon has seen demand spike by as much…
MUMBAI/BENGALURU: The war in West Asia has hit home for restaurants across the country. A severe crunch of LPG supplies means a temporary shutdown for some, while many have already moved to induction cookers to stay afloat or restricted menu choices to do away with slow-cooking items, report Asmita Dey and Supriya Roy.Anjan Chatterjee, founder…
There is a war going on between crypto firms and traditional banks over stablecoins, and Jefferies analysts said that they could become a steady drag on bank earnings as digital dollar use spreads. While stablecoins aren’t going to be an immediate existential threat to banks and aren’t likely to trigger a sudden run on U.S….
NEW DELHI: Cooking gas production has increased by 10% since the govt issued directives to oil refiners to divert all components used in LPG production to fill the supply gap caused by the West Asia war, officials said on Tuesday.Acknowledging complaints of a shortage of commercial LPG cylinders through social media from various sectors, especially…
NEW DELHI: Facing a severe LNG (liquefied natural gas) crunch, govt on Monday invoked the Essential Commodities Act, 1955, to reallocate gas supply and slashed allocation for fertiliser and other industries, while seeking to ensure full availability for priority sectors such as domestic piped natural gas (PNG) for kitchens, compressed natural gas (CNG) for transport…
NEW DELHI: SC Tuesday agreed to test correctness of a Bombay HC judgment striking down amendments to Information and Technology Rules that allowed Centre to set up fact-check units to flag fake social media content that would make it obligatory for intermediaries to take down the content or lose ‘safe harbour’ protection. Solicitor general Tushar…
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