News Broadcasting
CNBC launches new ‘Managing Asia’ series sponsored by Hitachi
MUMBAI: CNBC has launched its second regional, multi-platform sponsorship deal with Hitachi for the network’s Managing Asia: Asia Builders series. Content will largely be drawn from a special event in Jakarta on 11 June and broadcast in two-parts on 26 June and 3 July across CNBC’s Asia Pacific TV and all digital platforms.
CNBC award-winning anchor Christine Tan will host the Jakarta discussions, titled Innovative Cities: Rising to the Challenge, at Hotel Indonesia Kempinski. She will talk to a high-powered panel of influential developers, who are behind some of the biggest urban development projects in Southeast Asia, exploring solutions to today’s urban challenges such as overcrowding, congestion and pollution. On the panel will be Datuk Ismail Ibrahim of the Iskandar Regional Development Authority, Liew Mun Leong of Surbana & Jurong International and SD Darmono of PT Jababeka.
Tan also sits down with Indonesian billionaire-property tycoon Dr (HC) Ir Ciputra, known for the large-scale townships built by his eponymous company, along with his son Candra Ciputra, in a rare interview to examine how innovation has played a key role in building the Ciputra empire.
A poll to assess public opinion on the biggest challenges facing Asian cities is already active on the Asia Builders website at http://cnbcasia.com/events/asiabuilders.
CNBC Asia Pacific vice president of sales Kerry Tarrant said, “We are delighted to be working with Hitachi again. This event and campaign closely aligns with Hitachi’s strategic priorities in the fields of innovation and infrastructure development, while also engaging the influential CNBC business audience on some of the big pan-regional challenges that the Asian economy faces.”
Hitachi Asia managing director Hirohiko Morisaki added, “Hitachi’s Social Innovation Business focuses on improving quality of life for the global community by combining infrastructure solutions with advanced IT technologies. As such, we are excited to partner CNBC once again for this meaningful event and broadcast. While Hitachi is already working closely with key stakeholders from both public and private sectors regionally to resolve urbanization-related issues, this event will provide new perspectives on how Hitachi can better address critical issues through our expertise in areas such as transportation, energy and water solutions.”
News Broadcasting
Induction cooktop demand spikes 30× amid LPG supply concerns
Supply worries linked to West Asia tensions push households and restaurants to turn to electric cooking alternatives
MUMBAI: As geopolitical tensions in West Asia ripple through global energy supply chains, the familiar blue flame in Indian kitchens is facing an unexpected challenger: electricity.
What began as concerns over the availability of liquefied petroleum gas (LPG) has quickly evolved into a technology-driven shift in cooking habits. Households across India are increasingly turning to induction cooktops and other electric appliances, initially as a backup but now, for many, a necessity.
A sudden surge in demand
Recent data from quick-commerce and grocery platform BigBasket highlights the scale of the shift. According to Seshu Kumar Tirumala, the company’s chief buying and merchandising officer, demand for induction cooktops has risen dramatically.
“Induction cooktops have seen a significant surge in demand, recording a fivefold jump on 10 March and a thirtyfold spike on 11 March,” Tirumala said.
The increase stands out sharply when compared with broader kitchen appliance trends. Most appliance categories are growing within 10 per cent of their typical demand levels, while induction cooktops have witnessed explosive growth as households rush to secure an alternative cooking option.
Major e-commerce platforms including Amazon and Flipkart have reported rising searches and orders for induction stoves. Quick-commerce apps such as Blinkit and Zepto have also witnessed stock shortages in major metropolitan areas including Delhi, Mumbai and Bengaluru.
What was once considered a convenient appliance for hostels, small kitchens or occasional use has suddenly become an essential addition in many homes.
A crisis thousands of miles away
The trigger for this shift lies far beyond India’s kitchens.
Escalating conflict in the Middle East has disrupted shipping routes through the Strait of Hormuz, one of the world’s most critical energy corridors. Nearly 85 to 90 per cent of India’s LPG imports pass through this narrow waterway, making the country particularly vulnerable to supply disruptions.
The ripple effects have been swift.
India currently meets roughly 60 per cent of its LPG demand through imports, and tightening global supply has already begun to affect domestic availability and prices.
Earlier this month, the price of domestic LPG cylinders increased by Rs 60, while commercial cylinders rose by more than Rs 114.
To discourage panic buying and hoarding, the government has also extended the mandatory waiting period between domestic refill bookings from 21 days to 25 days.
Restaurants feel the pressure
The strain is not limited to households. Restaurants, hotels and roadside eateries are also grappling with supply constraints as commercial LPG availability tightens under restrictions imposed through the Essential Commodities Act.
In cities such as Bengaluru and Chennai, restaurant associations report that commercial LPG availability has dropped by as much as 75 per cent, forcing many establishments to rethink their kitchen operations.
Some restaurants have reduced menu offerings, while others are rapidly installing high-efficiency induction systems, creating hybrid kitchens where electricity now shares the workload with gas.
For smaller eateries and roadside dhabas, the shift is less about sustainability and more about survival.
A potential structural shift
The government has maintained that there is no nationwide LPG crisis and has directed refineries to increase production to stabilise supply.
Nevertheless, the developments of March 2026 may already be triggering a longer-term behavioural shift.
For decades, LPG has been the backbone of cooking in Indian households. However, recent disruptions have highlighted the risks of relying on a single fuel source.
Increasingly, households appear to be hedging against uncertainty by adopting electric cooking options to guard against price volatility and delivery delays.
If the current trend continues, the induction cooktop, once viewed as a niche appliance, could emerge as a quiet symbol of India’s evolving kitchen economy.
