Hexaware's $1 Billion India IPO Gets Enough Bids to Go Ahead
The offering, which is raising funds for the owner Carlyle Group Inc., drew bids that were about 77% more than the number of available shares as of 2:25 p.m. in Mumbai, according to BSE Ltd.'s website. Carlyle holds 95% stake in the Indian software-services company, and aims to raise as much as 87.5 billion rupees ($1 billion).
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New York Post
13 hours ago
- New York Post
Why top NYC restaurants are bringing in famed chefs from around the world
Top New York City restaurants are increasingly turning to collaborations with renowned chefs from around the globe to boost business and stand out from high-end rivals, Side Dish has learned. The collabs, while not a new phenomenon, have taken on added importance as President Trump's tariffs create challenges for chefs to source some of their favorite ingredients. However, importing talent from all corners of the globe – which at popular Tribeca haunt l'abeille means bringing in chefs from England, France, Belgium, Japan, Hong Kong and Thailand – remains tax-free. 7 l'abeille in Tribeca is importing talent from all corners of the globe. Eric Vitale Photography 'Global residences help everyone grow and learn — from the guests to the staff. They keep the restaurant interesting,' said Howard Chang, co-owner of Kuma Hospitality Group's l'abeille with partners Rahul Saito and executive chef Mitsunobu Nagae. The dinners these top chefs serve up at ticketed events aren't cheap. At a recent, prix-fixe collab dinner at l'abeille, Nagae worked with London-based chef Chet Sharma, who studied physics at Oxford and now helms the standout Indian-themed restaurant BiBi in London's swanky Mayfair neighborhood. The meal cost $325, with an additional $295 for wine pairings. The exclusive events, however, often don't bring in more money than regular a la carte dinners, restaurateurs told Side Dish. That's because the higher prices are offset by the cost of flying in the foreign-based chefs, along with some of their team members, and putting them all up in hotels. 7 Chet Sharma, left, and Mitsunobu Nagae collaborated on a prix-fixe dinner. Eric Vitale Photography 7 The collabs, while not a new phenomenon, have taken on added importance as President Trump's tariffs create challenges for chefs to source some of their favorite ingredients. Eric Vitale Photography The upside, they say, is that global collabs raise the restaurants' profiles, bring in new diners and offer educational benefits for staff. On the Upper East Side, Sushi Noz's executive chef Nozomu Abe is bringing in Michelin-starred Chef Endo Kazutoshi, a third-generation sushi master who trained in Japan before opening his namesake restaurant, Endo, at the Rotunda in London. 7 At Sushi Noz on the Upper East Side, executive chef Nozomu Abe, left, is bringing in Michelin-starred Chef Endo Kazutoshi. Hannah Wyatt Last week, the pair offered a rare collaborative omakase where they presented their culinary visions through the use of local fish and other influences. 'We started the Japan series in 2019,' said Hannah Wyatt, Sushi Noz's operations manager. 'Our goal was to showcase top chefs from Japan through collaborative dinners with chef Noz, with a focus on sushi and kaiseki chefs at the top of their respective fields.' In Williamsburg, Brooklyn, the owners of Layla's began bringing in chefs during COVID and continue to have pop-ups for 'brand exposure.' 7 The dinners these top chefs serve up at ticketed events aren't cheap. Eric Vitale Photography 7 The exclusive events, however, often don't bring in more money than regular a la carte dinners, restaurateurs told Side Dish. Eric Vitale Photography The most recent international collab involved chef Kyle Garry and chef Whyte Rushen of Whyte's in London, who is now on a 'worldwide' tour. 'We did it once, and it was really successful and fun and now it's something we try to do as often as we can,' Samuel Lynch, one of Layla's co-owners along with Stefano D'Orsogna and David Lacey, told Side Dish. The trend has even extended to the Hamptons, where Mavericks Montauk will welcome the crew from Michelin-starred Parisian restaurant Contraste on July 31. 7 The upside, they say, is that global collabs raise the restaurants' profiles, bring in new diners and offer educational benefits for staff. Interior of l'abeille, above. Eric Vitale Photography The collaboration was made possible by the deep-rooted friendship between Mavericks' pastry chef Remy Ertaud and Contraste's Louis De Vicari. We hear … that celeb chef Scott Conant is opening a posh new Italian restaurant, Leola, in the Bahamas at Baha Mar this fall. Leola will be on the casino level of Grand Hyatt Baha Mar, joining hotspots including Jon Batiste's Jazz Club, Marcus Samuelsson's Marcus at Baha Mar Fish + Chop House, Daniel Boulud's Cafe Boulud, and Dario Cecchini's Carna. The 8,800 square foot space comes with 106 seats in the main dining room and 130 seats outside. 'Bringing Leola to life at Baha Mar is something I've dreamed about for a long time,' Conant said. 'I've always been inspired by the beauty and spirit of the Bahamas, and it felt like the perfect place to create a restaurant that's both personal and inviting. With Leola, we're blending the kind of food and hospitality I love—warm, soulful, and rooted in connection.' Conant will also participate in the Fourth Annual Bahamas Culinary & Arts Festival, which runs from Oct. 22-26.
NBC News
20 hours ago
- NBC News
Confusion surrounds Air India as crash dents national pride
Before one of its planes crashed just after takeoff last month, killing at least 260 people, Air India had been a symbol of the country's global rise. Only two years earlier, chief executive Campbell Wilson had inaugurated a brand-new Airbus A350, Air India's first, calling it 'a declaration of Indian aviation's resurgence on the world stage.' The aircraft's delivery made headlines across the country, where the public cheered Air India's transformation from a neglected state-owned flagship carrier into a modern airline that its new owners, the Tata Group, hoped would become the world's biggest. Under the Indian conglomerate, which founded the airline in 1932 and bought it back in 2022 after it spent decades under government operation, Air India was making big moves, announcing a record order in 2023 of 470 aircraft valued at more than $70 billion. A year later, the airline said it had begun a $400 million retrofit of its legacy fleet, accelerating the upgrade by leasing jets from other airlines, including Delta. That momentum came to a grinding halt last month when a London-bound Boeing 787 Dreamliner crashed seconds after takeoff in the northwestern Indian city of Ahmedabad, killing all but one of the 242 people aboard plus 19 others on the ground in one of India's worst aviation disasters. Air India has since been under immense pressure to answer for the crash, but bereaved families were left with more questions after investigators released a preliminary report this month that said the plane's fuel switches had been wrongly cut off, leading to speculation that one of the pilots might have done it accidentally or even intentionally. Indian investigators and the U.S. National Transportation Safety Board, which is involved in the crash investigation as the aircraft is U.S.-made, said such conclusions were irresponsible. 'Investigations of this magnitude take time,' NTSB Chairwoman Jennifer Homendy said, while India's Aircraft Accident Investigation Bureau urged the public and the media to 'refrain from spreading premature narratives.' But Indian commentators were already irate. 'Why do this rumor mill mongering about possible problems with the pilot?' Arnab Goswami, a firebrand anchor, said on his conservative Republic Media Network. 'So that across the world the impression goes that Indian pilots cannot fly?' Capt. C.S. Randhawa, a former pilot for Air India and the Indian air force, said the suggestion that one of the pilots may have crashed the plane deliberately has 'demoralized the pilots in the country.' 'All pilots are up in arms, and it's not a good thing. The pilots have to fly with that mental attitude,' Randhawa, who is currently the president of the Federation of Indian Pilots, told NBC News. The final report is due next year. On top of the lack of clarity, some British families hoping to bury their loved ones said they had received the remains of the wrong people, according to the Daily Mail, which cited a lawyer representing them. The Indian foreign ministry said Wednesday that all remains were being handled with 'utmost professionalism' and that it was working closely with the British side to address concerns. Air India was also warned last week by India's aviation regulator that it could face enforcement action over more than two dozen safety violations from this year and last year, Reuters reported, citing government notices. They include pilots not being given mandatory rest and poor compliance with simulator training requirements. The airline, which voluntarily disclosed the problems last month, said Friday that it would respond to the regulator and that it 'remains fully committed to ensuring the safety of its passengers and staff.' Air India was already under enormous pressure to clean up its reputation after falling into disrepair during its nearly 70 years of government ownership. Its reform nevertheless aligned perfectly with Prime Minister Narendra Modi 's nationalist narrative of turning India into a global superpower. 'Given its legacy, the brand remains synonymous with India,' said Shelley Vishwajeet, a New Delhi-based aviation journalist and author of 'The IndiGo Story,' a book about the Indian airline. He added that the cultural transformation within Air India 'has been a challenge' for its new owners. Things moved quickly after the takeover by the Tata Group, which consolidated several airlines it controlled, including Vistara and Air Asia India, into two entities: the full-cost carrier Air India and its budget arm, Air India Express. Vistara, which was partly owned by Singapore Airlines, was particularly beloved by Indians, known for its modern planes and best-in-class customer experience. When it merged with Air India, travelers and crew hoped that Air India would be the true Vistara successor. But Air India has struggled to deliver change as fast as some had hoped. 'They're struggling with maintenance issues, disrepair issues, and all these things are taking time,' Randhawa said.
Politico
2 days ago
- Politico
Trump leans into trade threats to try to stop Cambodia-Thailand clashes
His first call Saturday was with Cambodian Prime Minister Hun Manet, where he urged 'an END to the War' and said that if the two countries do not reach an agreement to end the war, he will 'not want to make any Deal, with either Country.' Trump is on a diplomatic trip to Scotland, and according to reporters traveling with the president, had a golf outing planned at his course in Turnberry with one of his sons and the U.S. ambassador to the United Kingdom, Warren Stephens. 'The call with Cambodia has ended, but expect to call back regarding War stoppage and Ceasefire based on what Thailand has to say,' the president wrote. 'I am trying to simplify a complex situation!' Trump posted minutes later that he spoke with the acting prime minister of Thailand, Phumtham Wechayachai, and Trump said he 'wants to have an immediate Ceasefire, and PEACE.' The clashes have left at least 33 people dead and more than 168,000 displaced across both countries. Trump compared the situation in Asia to the U.S.-mediated ceasefire agreed to by India and Pakistan earlier this year. At the time, the president said he told the countries that 'If you stop it, we'll do a trade,' adding that 'If you don't stop it, we're not going to do any trade.' But the Indian government disputed that claim from the U.S. leader. 'The issue of trade didn't come up in any of these discussions,' said a spokesperson for India's foreign ministry. Cambodia and Thailand have both been two of the hardest hit countries as a result of Trump's trade war, as the president recently announced a 36 percent tariff on most Cambodian and Thai exports, effective August 1.
