News Broadcasting
Zee Media to seek shareholder nod to demerge DNA print business
MUMBAI: Print and TV news. For some that would make for a heady combination. But, not for the Essel group-promoted Zee Media Corp Ltd (ZMCL) which runs the Zee News channels as well as the newspaper DNA through a clutch of unlisted subsidiaries. DNA has a print edition in Mumbai and has launched in Delhi recently.
ZMCL is seeking shareholder approval (on 27 March in Mumbai) to demerge its DNA business (which is operated under Digital Media Corp Ltd – DMCL, MediaVest India Pvt Ltd and Pri-Media Services) from itself even as it merges another company Maurya TV (which runs the current affairs channel Zee Purvaiya) with itself. The scheme got ZMCL board approval earlier.
The carving out of the print media assets from ZMCL will result in its shareholders getting one DMCL share (face value of Re 1) for every four ZMCL shares (face value Re 1). The date for the demerger and amalgamation has been noted as 1 April 2017.
What’s compelling ZMCL and DMCL to take this step? According to its notice filing with the BSE over the weekend, the print and media businesses are run and managed differently and can attract a different set of investors, strategic partners, lenders and other stakeholders. This apart, FDI regulations permit 26 per cent foreign investment in print and 49 per cent in news TV after government approvals.
While ZMCL had revenues of around Rs 394 crore in the year to 31 March 2016, DMCL reported a topline of around Rs 110 crore in the same period, according to the filing with the BSE. The latter had a loss of Rs 8.72 crore for the same period while the former had a net profit of Rs 18.75 crore.
The group is proposing to list DMCL on the stock exchanges on getting shareholder and other regulatory and listing approvals.
AlsO Read :
http://www.indiantelevision.com/television/tv-channels/news-broadcasting/zee-media-ad-revenue-up-in-q3-17-170206
http://www.indiantelevision.com/regulators/ib-ministry/zee-medias-49-stake-in-927-big-fm-gets-it-59-radio-channels-161123
http://www.indiantelevision.com/television/tv-channels/news-broadcasting/big-fm-india-today-deals-zee-media-seeks-shareholder-nod-for-loans-161223
http://www.indiantelevision.com/television/tv-channels/people/the-key-is-to-consolidate-zeel-zmcl-zee-digital-and-dna-business-ashish-sehgal-160404
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.
