News Broadcasting
Pat Walters is Promax & BDA’s new VP & CFO
MUMBAI: Pat Walters is the new vice president and chief financial officer (CFO) of Promax & BDA, television’s leading organization of promotion and broadcast design.
Walters, who held key finance and operations positions at Sony Pictures Entertainment (SPE) for over a decade, will assume the charge immediately. His new responsibilities will include managing and overseeing all global finance and operations of the organization.
Walters will also be contributing in the areas of administration, marketing and strategic planning as Promax & BDA looks to expand, launching new conferences in India, The Middle East (Dubai), and South Africa this year.
Walters will also liaison with the Promax & BDA sales team as they take on their new assignment as the exclusive sales and marketing representative for the National Academy of Television Arts & Sciences’ emmy sponsorship and consumer brand promotions. Walters will be based in Los Angeles.
In an official statement, Promax & BDA chief executive officer Jim Chabin states, “Pat has a solid and impressive background in leadership, team building, operations, finance, marketing and strategic planning. He’s successfully managed multi-million dollar marketing budgets for feature films and staffs of over 140 people. He’s also restructured Sony’s film marketing department from top to bottom and made it more efficient on a variety of levels. With over two decades of experience in the entertainment business, including his years at Sony, Pat will be an asset as the Promax & BDA expands to new markets and develops new initiatives.”
Joining Sony in 1984, Walters has held the positions of Director Domestic Marketing Finance and Administration, SPE and senior vice president, finance, SPE.
Most recently, Walters had served as president and co-founder of The Group1LCC, a business consulting firm he started in 2000, which advises clients on finance, organizational structure and operations as well as creates and executes marketing plans and organizes and staff’s marketing departments.
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.
