News Broadcasting
CNBC-TV18 Prime Circle sets the stage for a global mind jam
MUMBAI: The suits are getting serious and global. CNBC-TV18 Prime is all set to unveil its latest brainchild: the Prime Circle, a high-octane, invitation-only gathering of heavyweight thinkers, business titans and policy pundits. The debut edition kicks off on 16 July in partnership with HDFC Tru, promising an evening brimming with ideas, intellect and a splash of wine wisdom.
Designed as a marquee platform for global dialogue, Prime Circle will bring together powerhouses navigating today’s fractured world from macroeconomic mayhem to AI overdrive and geopolitical chess.
On the speakers’ list: Manny Maceda, chairman of Bain & Company; Robert Rosenkranz, chairman of Delphi Capital Management; George Yeo, former foreign affairs minister of Singapore; Shyam Saran, ex-foreign secretary of India; and Dhiraj Relli, MD and CEO at HDFC Securities. These aren’t your everyday talking heads, they’re the ones shaping the playbook.
Adding sparkle to the evening: Sonal Holland, India’s only Master of Wine, who’ll uncork a curated tasting session to keep the conversation as smooth as the pour.
Speaking about the event, Smriti Mehra, CEO, Business News, Network18 from CNBC-TV18 Prime said, “CNBC-TV18 Prime aims to bring the pulse of global markets to India through an India-first lens. With Prime Circle, we are creating a marquee platform for high-impact, strategic conversations that reflect the opportunities and risks for India, a global force to recon with . We are honoured to welcome an exceptional line-up of voices who offer real perspective, experience, and foresight.”
Speaking on the partnership, Relli stated, “Our partnership with CNBC-TV18 Prime enables us to leverage our research-driven expertise to deliver actionable market insights and foster financial literacy across television and digital platforms. We look forward to co-creating impactful content, engaging with investors at marquee events, and, through the upcoming Prime Circle event, facilitating meaningful global dialogue that shapes the future of India’s capital markets.”
The Prime Circle is CNBC-TV18 Prime’s bid to push past the predictable panel and into something punchier: a space where power meets perspective, with a twist of terroir.
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.
