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CNBC-TV18’s 25th anniversary inspires new business horizons at Global Leadership Summit
Mumbai: As CNBC-TV18 marked 25 years of excellence in business journalism, the Global Leadership Summit presented by HSBC India and co-presented by Embassy REIT, unfolded as a landmark event, showcasing the channel’s profound impact on India’s economic and business landscape. Held at Jio World Centre, the summit brought together visionaries from across industries, policymakers, and thought leaders to deliberate on pressing global challenges, emerging opportunities, and India’s ascent on the world stage.
The summit opened with an address by CNBC-TV18 managing editor Shereen Bhan, who underlined India’s journey in the global economic narrative. She remarked “As CNBC-TV18 marks 25 years of excellence, the Global Leadership Summit brought together the most influential thinkers to chart out the roadmap for what India needs to focus on over the next quarter century to achieve high performance. From the policy priorities to the role of the Private sector, from manufacturing to services, from infrastructure to Artificial Intelligence, the Global Leadership Summit was the stage for insightful and transformative discussions. As we look ahead, we hope This summit will continue to reflect our commitment to providing thought leadership and an execution strategy to deliver on India’s promise and potential”
Minister of Commerce & Industry, Government Of India, Piyush Goyal initiated the day’s conversations with a thought-provoking fireside chat, stating, “I was reviewing the numbers of a major automobile company that recently went public. It’s remarkable to note that an initial investment of $200 million made 25 years ago has yielded dividends and royalties exceeding $12 to $13 billion in just the last decade. Even with such extraordinary returns, the company’s current market capitalization remains at approximately $15 billion. This highlights the significant competitive edge that companies manufacturing in India possess. As they continue to offer better pricing and greater value, I’m confident they are poised for even greater growth. Ultimately, companies must decide whether to maintain high margins in a softening market or to become more aggressive, capture a larger market share, and drive growth through competitive pricing. The answer lies in how they leverage their strengths in this evolving landscape.”
The summit’s agenda was packed with discussions and thought-provoking dialogues. RBI Governor Shaktikanta Das delivered a compelling keynote titled “Sailing Through Turbulence: India’s Tryst with Financial Stability”. He said, “Central banks worldwide are navigating an increasingly complex financial environment, and the Reserve Bank of India is no exception. The trade-off between supporting growth and controlling inflation remains challenging, especially in a time of high global volatility. We have witnessed the repercussions of moving ‘too early’ or ‘too late,’ particularly in the banking sector issues that emerged in advanced economies earlier this year. At the Reserve Bank, our response has been measured and timely, maintaining the flexibility to act in sync with evolving conditions. By balancing growth and inflation priorities, we aim to build resilience into India’s financial system. As we shift towards a neutral stance, we remain focused on achieving a durable alignment of inflation within target while supporting growth, underscoring our commitment to a stable and thriving economy.”
A special segment at the event was devoted to honour Dr. C Rangarajan, Dr. Bimal Jalan, and Dr. Y. V. Reddy, former Governors of the Reserve Bank of India, for their monumental contributions to India’s economic stability. This tribute was followed by the unveiling of “5/25 Transformative Ideas for the Next Quarter Century,” where Uday Kotak, Founder of Kotak Mahindra Bank, shared a visionary roadmap for India’s future.
Global Leader, Esi Eggleston Bracey, Global Chief Growth & Marketing Officer, Unilever, took centre stage during the session “Boost Brands, Boost Business” where she delved into strategies for driving brand growth in competitive markets. Another highlight was the panel discussion “Investing in India’s Today & Tomorrow,” featuring insights from leading investors such as Ramesh Damani, Owner, Ramesh Damani Finance Pvt Ltd., Manish Chokhani, Director, Enam Holdings, Raamdeo Agrawal, Chairman & Co-founder, Motilal Oswal Financial Services and Ashishkumar Chauhan, MD & CEO, NSE who explored India’s economic potential and sustainable growth strategies.
The afternoon sessions kicked off with a dynamic panel discussion on ‘Managing Markets: Is it Time to be Bullish or Bearish?’ where Ridham Desai, Managing Director, Morgan Stanley India, Rama Bijapurkar, Author & Independent Director, India Blue-Chip Companies, V. Vaidyanathan, MD & CEO, IDFC First Bank, Nilesh Shah, MD, Kotak Mahindra Asset Management Company Ltd. and Samir Arora, Founder & Fund Manager, Helios Capital, shared perspectives on market trends and investment strategies. The subsequent panel, ‘India: The Outlier, ’discussed India’s position amid global economic changes, with insights from Auguste Tano Kouame, Country Director, World Bank, Krishna Srinivasan, Director, Asia & Pacific Department, International Monetary Fund and Tuhin Kanta Pandey, Finance Secretary & Secretary (DIPAM).
An engaging discussion titled, ‘Legacy, Longevity, Leadership: The Playbook for the Future,’ which brought together Rishad Premji, Executive Chairman of Wipro, and Rajiv Bajaj, Managing Director of Bajaj Auto, who shared their insights on sustaining leadership in rapidly evolving industries.
The summit continued with a fireside chat with Hitendra Dave, CEO of HSBC India who spoke about ‘The Next Superpower: India’s Growth Blueprint,’ and he explored strategies that could propel India to global superpower status. He commented, “India’s optimism for the next 25 years is rooted in its young demographics and unmatched digital infrastructure. With 1.4 billion people, most under 28, the potential for transformation is staggering. Strategic investments in digital payments and unified lending systems can redefine credit access, unleashing growth across sectors. By harnessing this opportunity, India can pave its way to becoming a developed economy with a per capita income of $13,000–$15,000—a bold but achievable vision.”
The event also featured notable sessions on entrepreneurship, innovation, and India’s competitive edge. A discussion titled ‘Startup Dreams to Wealth Creation,’ where Rajan Anandan, MD, Peak XV, Amrit Acharya, Co-founder & CEO, Zetwerk, Kunal Shah, Founder, CRED and Kapil Makhija, MD & CEO, Unicommerce eSolutions discussed the challenges and successes of building thriving startups in India. Meanwhile, ‘The Promise of Phygital India: From Bricks to Broadband’ underlined the seamless integration of digital and physical spaces, with insights from Ari Sarker, President, Asia Pacific, Mastercard, Jitu Virwani, Chairman and Managing Director, Embassy Group, and Ankur Gupta, Head, Asia & Middle East Rela Estate, Brookfield.
As the evening unfolded, Sajjan Jindal, Chairman & MD, JSW Group of Companies led a session titled ‘India’s Manufacturing Moment: Breakout Ready?’ discussing India’s potential as a global manufacturing leader. The event also witnessed the felicitation of Deepak Parekh, Former Chairman of HDFC, as an Icon of The Indian Economy who also delivered an insightful TED Talk on ‘Transforming the Financial Sector for a New Generation’.
Further discussions explored India’s global leadership potential with a segment on –‘From The Foreign Investors Lens’ where the speakers Prem Watsa, Chairman & CEO, Fairfax Financial Holdings Limited, and John Chambers, Chairman, USISPF and Founder & CEO, J2C Ventures shared their insights. The discussion ‘India’s Right to Win,’ featuring Dr. Anish Shah, Group CEO & MD, Mahindra Group, and Falguni Nayar, Founder & CEO, Nykaa further highlighted India’s competitive edge in global markets.
In one of the summit’s most engaging fireside chats, Adar Poonawalla, CEO, Serum Institute Of India and Karan Johar, Film Director discussed the evolution of India’s entertainment industry in ‘Cinema: Magic to Monetisation.’ Another captivating fireside chat was with Sriharsha Majety, Co-founder and Group CEO, Swiggy, who shared Swiggy’s journey leading upto IPO on “Let’s Swiggy with it”.
The summit also honoured N.R. Narayana Murthy, Co-founder & Former Chairman, Infosys as ‘Icon of The Indian Economy’ followed by a powerful fireside chat with him titled ‘India The Next 25: Notes from N.R. Narayana Murthy,’ which reflected on India’s future in the Global Landscape. He shared his views and said, “Over the last 30 years, India has made remarkable progress. A new wave of confidence and energy is driving growth, visible in everything from local businesses and street vendors to fitness centres. Yet, while urban middle-class incomes are rising, a vast segment of the population remains untouched by globalisation. The challenge ahead is creating jobs, especially for those who cannot access high-skill industries like software. The solution lies in exports, countries like China and Vietnam have shown how global demand can drive large-scale job creation. To succeed, India must move faster in decision-making, adopt global best practices, and raise its standards of excellence. India’s potential is limitless, but realising it requires swift, competitive, and decisive action.”
The summit had an interesting fireside chat with Leo Varadkar, former Taoiseach of Ireland, in conversation with Navtej Sarna, former Ambassador of India to the US, discussing global leadership challenges in “Finding Leadership in a Fractured World.” CNBC-TV18 Global Leadership Summit concluded with a power-packed performance by Ajay Bijli, Managing Director, PVR INOX Limited.
CNBC-TV18 Global Leadership Summit was presented by HSBC India, and co-presented by Embassy REIT, along with Destination Partner- Saudi Tourism Authority, Associate Sponsor – ITC, AI Partner- AWS, Exchange Partner – NSE, Associate Partner – Reliance Industries
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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.
