Domestic LPG consumption decreased by 13% in March: Lenskart apologized on dress code controversy, now employees will be able to wear bindi-tilak

Yesterday’s big news was related to domestic LPG. Due to the US-Israel and Iran war, there has been a major impact on the country’s LPG supply in March. According to official data, a huge decline of 13% was recorded in domestic LPG consumption in the last month i.e. March. Lenskart has publicly apologized after huge protests on social media. Apart from this, the company has now issued a new in-store style guideline.

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1. Domestic LPG consumption decreased by 13% in March: Supply affected due to Iran war; Demand for petrol and diesel increased by 8%

Due to the US-Israel and Iran war, there has been a major impact on the country’s LPG supply in March. According to official data, a huge decline of 13% was recorded in domestic LPG consumption in the last month i.e. March.

The main reason for this reduction in supply is the closure of the Strait of Hormuz waterway and the impact of supply from Gulf countries.

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2. Lenskart apologized on dress code controversy: Now employees will be able to wear bindi-tilak; Company released new in-store style guideline

Eyewear retailer company Lenskart has publicly apologized after huge protest on social media. Additionally, the company has now issued a new and transparent ‘in-store style guide’, giving employees full permission to wear their religious and cultural symbols at the workplace.

Lenskart’s new policy now includes symbols of faith like Bindi, Tilak, Sindoor, Kalava, Mangalsutra, Kada, Hijab and Turban. The company issued a statement on X saying that they are making their guidelines public and transparent to address the concerns of customers and the community.

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3. Value of 8 out of top-10-companies increased by ₹ 1.87 lakh crore: Airtel was the top gainer, value increased by ₹ 58.83 thousand crore; LIC’s market cap also increased

The value of 8 of the country’s 10 largest companies in terms of market cap increased by Rs 1.87 lakh crore in last week’s trading. During this period, the value of Bharti Airtel has increased the most. Airtel’s market cap has increased by Rs 58,831 crore to ₹11.25 lakh crore.

LIC’s market value increased by ₹27,608 crore to ₹5.32 lakh crore. TCS’s market value has increased by ₹20,731 crore to ₹9.34 lakh crore. At the same time, the value of Reliance, Larsen & Toubro, ICICI Bank, SBI and Infosys has also increased.

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4. NSE unlisted shares fall from ₹2,075 to ₹1,885: New investors cannot participate in OFS; IPO expected in June

Amidst the news of NSE’s IPO, its unlisted shares have fallen from a high of ₹2,075 to ₹1,885. The reason for this is the rule of SEBI under which only those investors who have held shares for at least one year before can sell shares in IPO. NSE wants to raise more than ₹20,000 crore through its IPO.

This will be completely an Offer for Sale (OFS) i.e. NSE itself will not raise any new money. The entire amount will go to existing shareholders who want to sell their stake. NSE will sell around 4 to 4.5% equity through this route. The draft red herring prospectus is expected to be filed by June.

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5. Market may open with a boost on Monday: Gift Nifty rises 250 points; 5 factors including Iran-America tension will decide the move

The week starting from 20th April may start with a bullish trend in the stock market. Expectations of an early end to America’s war with Iran and falling crude oil prices are supporting the market. Apart from this, fourth quarter results, activity of foreign investors and global market movements will also be the main factors determining the direction of the market.

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Know the condition of stock market and gold and silver on Friday…

Know the latest price of petrol, diesel and domestic gas cylinder…

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