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Biryani
The LPG crisis-forced migration to firewood in Tamil Nadu's hotel industry is going to soon lead to a rise in prices of food commodities but what has taken the fizz off in the festival season is Biryani getting dear. Muslim faithfuls rue the fact that family gatherings have shrunken during the Ramzan season, thanks to the LPG situation triggered by the ared conflict in West Asia. Tamil Nadu Hotels Association President M Venkadasubbu said, this time the hoteliers preferred to prepare even the accompaniments of biryani using firewood. "Whatever side dish people order it will be available since this time hotels have started to prepare those items also using firewood along with biryani. But the cost has increased since the price of firewood also increased. However, hotels have stopped selling those items that are deep fried," he said. Due to the sudden commercial LPG cylinder crisis, 90 per cent of the hotels are not running on profits and there has been 30 per cent drop in business f
Devyani International Ltd, which operates quick service restaurant chains such as KFC, Pizza Hut, and Costa Coffee through franchise agreements, has announced its plan to acquire homegrown chain 'Biryani by Kilo'. The Jaipuria family-promoted Devyani International Ltd (DIL) will acquire a majority stake in Sky Gate Hospitality, which operates restaurants under the 'Biryani by Kilo' brand, along with other brands, according to a regulatory filing. Though it has not disclosed the number of shares or the acquisition price, the company stated that its board is scheduled to meet and approve the proposal on April 24. "We wish to inform you that a meeting of the Board of Directors of the Company is scheduled on Thursday, April 24, 2025 inter-alia, to consider and approve the definitive agreements and issuance of equity shares of the company on a preferential basis to discharge the consideration payable for acquisition of controlling equity stake in Sky Gate Hospitality Private Limited, ...
