Restaurants in Mumbai are switching to electric induction stoves for staff meals and looking to tweak menus to conserve gas amid a shortage commercial LPG cylinders that threatens to disrupt their business.

While the government on Tuesday issued an order to regulate supply of natural gas to essential sectors, restaurants say there is no clarity on availability of the commercial cylinders.

As a consequence, as many as 50 per cent of eateries in Mumbai may have to temporarily shut shop, say executives of industry associations.

“We have started using electric induction stove to prepare staff meals, tea and rice based dishes. Some restaurants are looking to restrict their menus,” said Pranav Rungta, vice president of National Restaurant Association of India and owner of Nksha restaurant in Mumbai.

Sharda Bhavan restaurant in Matunga area of Mumbai has stopped serving onion uttapam and rava dosas in last few days as these take longer time to cook. “ But now we have almost run out gas and are exploring alternatives like electric induction stoves,” said it’s owner Ganesh Rao.

Over 90 per cent of half million plus restaurants and eateries across the country use LPG on cooking while reliance on piped gas is still limited in a few cities. As such disruption is leading to concerns of temporary shutdowns.

“We are already receiving reports of severe shortages from cities including Mumbai, Pune, Aurangabad and Nagpur, while similar disruptions are being reported in States such as Delhi, Karnataka, Telangana and Andhra Pradesh. If the situation does not improve within the next two days, nearly 50 per cent of hotels and restaurants in Mumbai may be forced to temporarily shut operations depending on the current stock of cylinders,” said  Pradeep Shetty, spokesperson, Hotel and Restaurant Association (Western India).

Royal Orchid Hotels president and founder of Iconiqa Hotels Arjun Baljee, however, expressed hope that supply situation will stabilise shortly.

“As of now there is no disruption to operations within the Royal Orchid portfolio. Our teams are taking proactive steps to ensure minimal impact on guest experience,” he said.

Published on March 10, 2026

Shares of Cupid Limited surged in afternoon trade on Tuesday after the condom and personal care maker’s bonus issue ex-date kicked in, with the stock trading at ₹93.05 on the NSE — up 1.58 per cent from its previous close of ₹91.60 — as of 1.07 PM.

The company had announced a 4:1 bonus issue, meaning shareholders on record as of March 9, 2026 will receive four additional shares for every one held. The ex-date and record date were both set for March 9, making today the first full trading session reflecting the adjusted price.

Trading activity has been unusually heavy. Over 452.75 lakh shares changed hands by early afternoon, with traded value reaching ₹424.45 crore. The buy-sell ratio is skewed heavily toward buyers at 79.41 per cent, against 22.59 per cent sellers, suggesting strong retail interest.

The stock touched an intraday high of ₹95.85 before paring gains, and remains well within its 20 per cent circuit band of ₹109.90 on the upper side. The one-week return stands at nearly 21 per cent, while the one-year return is a striking 611 per cent.

Total market capitalisation stands at ₹12,518.79 crore as of mid-session. The stock’s P/E ratio of 147.54 and annualised volatility of 67.82 per cent signal that while investor appetite is strong, the counter carries significant speculative risk.

Published on March 10, 2026