Laduree Launches Parisian Patisserie Cart in Bengaluru, Hospitality News, ET HospitalityWorld
Food and Beverages
2 min read
Laduree brings a taste of Paris to Bengaluru
As Laduree continues to grow across India, the Bengaluru cart offers a glimpse into the brand's French roots, thoughtfully adapted to suit the city's evolving taste for global experiences, said a release.
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Mint
35 minutes ago
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India's data centre boom: Delhi developer Anant Raj to invest $2 billion to expand Haryana facilities. Details here
Anant Raj Ltd, a Delhi-based developer, plans to spend $2.1 billion on data centres, joining a growing list of Indian companies looking to ride the boom in demand for artificial intelligence and business process-led services in the country. The company tied up with the French IT major Orange Business to provide cloud services to its clients along with data centres last year, Bloomberg reported. Anand Raj, with a market value of $2.3 billion, will launch two new data centres or server farms in Haryana, in addition to the one already operating. The company targets a total capacity of 300 megawatts by 2032 with the new investment, Amit Sarin, managing director at Anant Raj said. According to Sarin, data centres are expected to account for more than 40 per cent of Anant Raj's revenues within the next four years, a significant leap from the current 5 per cent. The expansion aligns with India's vision of data centre growth. A 2025 report by property consultant JLL. indicates that India's data centre capacity is poised to grow by 77 per cent to 1.8 gigawatts in the next four years. Sarin also told Bloomberg that 'India is witnessing one of the fastest growth phases globally for data centres,' adding that the project will be funded through internal accruals. Anant Raj's move follows similar ambitious plans by India's top business houses, Adani Group and Reliance Industries, to expand their footprint. This trend is reinforced by Barclays Plc's assessment that India will be a big beneficiary of the data centre investment boom in Asia, driven by digitalisation and rules requiring data to be stored within the country. Smaller firms are also actively entering the trend. Bengaluru-based RMZ Corp is spending $1.7 billion on two data centres and Panchshil Realty is considering partnering with Blackstone Inc to build a large data centre in Mumbai, the news agency reported. 'India currently generates 28 per cent of the world's data but houses only 1 per cent of it locally, presenting a significant opportunity for expansion as data localisation becomes inevitable,' Sarin said.
Hindustan Times
an hour ago
- Hindustan Times
Michelle Kang takes over as president of Ligue 1 team Lyon as John Textor resigns
American businesswoman Michele Kang has taken over as president of seven-time French champion Lyon after John Textor resigned following the club's relegation over financial irregularities. HT Image The South Korea-born Kang is also majority owner of the Lyon's women's team — OL Lyonnes — and has been on Lyon's board of directors since 2023. Lyon said in a statement that Kang will play an 'active role' in leading the club's appeal against the relegation handed down last Tuesday by the French league's soccer watchdog, known as DNCG. The case is expected to be heard within the next week. That ruling could also decide whether Crystal Palace will be allowed to play in next season's Europa League, which Lyon also qualified for. Textor also held a 43% stake in Palace — which he has agreed to sell to New York Jets owner Woody Johnson — and UEFA has rules against clubs with the same owner playing the same competition. Lyon added that Textor has also resigned from the board of directors. He became Lyon president three years ago, taking over from longstanding incumbent Jean-Michel Aulas, who sold to Textor's Eagle Football Holdings. The 66-year-old Kang will be supported in her role by Michael Gerlinger, the general manager of Eagle Football Holdings. 'A highly respected figure in European football administration, Michael brings over two decades of experience in governance, regulatory affairs and sports operations,' Lyon said in its statement. Lyon's run of Ligue 1 titles from 2001-08 made it the powerhouse of French soccer. Since Paris Saint-Germain took over at the top, fortunes have steadily dipped for Lyon. The decision to relegate the club followed an audit of its finances by the DNCG, with Lyon's current debt estimated at 175 million euros . The DNCG had already provisionally relegated Lyon to Ligue 2 in November, with the club reporting at the time that it had more than 500 million euros of debt. A transfer ban was also imposed in the January transfer window. News of Lyon's relegations was met by dismay from Lyon fans, with one historic supporters group — The Bad Gones — leading calls for Textor's immediate resignation. The club shop was tagged with a blunt message urging him to go. A Champions League finalist five years ago, Lyon narrowly lost to Manchester United in the Europa League quarterfinals this season and missed out on a cash windfall when it failed to qualify for next season's Champions League after finishing sixth in Ligue 1. Three weeks ago, Lyon received a much-needed cash injection by selling coveted playmaker Rayan Cherki to Manchester City for 36 million euros, while high earners like forward Alexandre Lacazette left the club. But it wasn't enough to convince the DNCG that Lyon's books were in order, a task which now falls to Kang. Ligue 1 resumes in mid-August with Lyon scheduled to play at Lens if it wins the appeal. Forbes estimates Kang's worth at $1.2 billion. Kang assumed majority ownership of Lyon one year after taking over the Washington Spirit women's team in 2022 when average gates were around 3,000. They are now around 15,000. She also heads Kynisca Sports International, a women-led, multi-team global sports organization. Last November, she pledged $30 million to U.S. Soccer over five years for women and girls — the largest single investment specifically for women's and girl's programs in the federation's history. As well as her donation to U.S. Soccer, in August 2024 her Kynisca Sports organization set up a $50-million global investment fund to help improve the health and performance of elite female athletes. Lyon's women's team — a record eight-time Champions League winner — will enjoy a new, female-specific training campus when it opens in July 2026. The women's team will also share the Groupama Stadium with the men's side. Last season's women's Champions League semfinal against rival PSG attracted 38,466 spectators. ___ soccer: /hub/soccer This article was generated from an automated news agency feed without modifications to text.
Time of India
an hour ago
- Time of India
Trump's 'big, beautiful' bill set to further tarnish Treasuries' lustre overseas
As the Trump administration's "big, beautiful bill" grinds its way through the U.S. Senate, incentives are growing for foreign investors to diversify out of U.S. Treasuries losing sheen from prospects of deficit spending and inflation-boosting tariffs. President Donald Trump's sweeping tax cut and spending measure will boost U.S. debt by $3.3 trillion, the nonpartisan Congressional Budget Office estimates, while runaway deficits and swelling debt led Moody's to cut its credit rating in May. "Definitely I'm concerned about the fiscal deficit expansion ," said Toshinobu Chiba, a Tokyo-based rates and credit fund manager for Simplex Asset Management. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Easy Living: Small Home with Bath for Seniors Compact 60 sqm Mini House for Seniors – Includes Toilet & Bath (See Inside) | Search Ads Search Now Undo Chiba said he has been using futures to shift away from Treasuries and into European debt, but aims to move that trade to the cash bond market when Trump's "big, beautiful bill" passes and inflation expectations tick upwards. "I think the first options should be Europe, especially the bunds and French bonds, and also Australia and Singapore are options for global investors." Live Events Traditionally a refuge for markets, Treasuries have been volatile since April, becoming less attractive for overseas investors as Trump's erratic policies on tariffs and taxes drove them to pare exposure to the dollar and U.S. markets. U.S. Treasury International Capital (TIC) data shows foreign money leaving U.S. short and long-term debt and banking flows stood at a net $14.2 billion in April, the same month that Trump rattled global markets with his "Liberation Day" tariffs. The U.S. national debt has increased fourfold in less than 10 years to some $36 trillion, with about $29 trillion held publicly. Japan is the biggest external holder of Treasuries with $1.13 trillion, followed by Britain with $807.7 billion and China with $757.2 billion, TIC data shows. Treasuries fell in the aftermath of the tariff news, with benchmark 10-year yields reaching as high as 4.629% on May 22 before settling down to about 4.277%. Treasury 10-year yields have swung between 3.9% and 4.629% since April. Passage of Trump's long-simmering bill would give investors another reason to fret about the state of U.S. finances. Senators debating the measure in a marathon weekend session were expected to pass it late on Monday and in the Asian trading day on Tuesday. Senate Republicans are set on using an alternative calculation method for the bill's cost that does not factor in extending the 2017 tax cuts and seems to save $500 billion, according to an analysis by the Bipartisan Policy Center. Prospects for even wider deficits in the U.S. may compel European investors to dump Treasuries and bring their money home, said Gustavo Medeiros, London-based global head of research at emerging markets investment manager Ashmore Group. When Treasuries and other major bond markets sold off in April, the Bund market held firm. Though the amount of German debt is also growing after the new government's trillion euro defence and infrastructure spending push, Europe's biggest economy is the only G7 member with a debt-to-GDP ratio below 100%, bolstering its safe-haven credentials. "That not only creates an upward, better opportunity for the equity markets, but it also is going to increase the issuance of risk-free German bunds and pan-European debt," Medeiros said. "So you're going to have a lot of incentive for capital to come back." Yet a widespread sell-off is unlikely, despite fiscal concerns over Trump's spending bill that are expected to steepen the Treasury yield curve as investors demand higher returns to hold U.S. debt for longer, said analyst Masahiko Loo. "The reduction in foreign US Treasury holdings has been a long-term structural trend rather than a sudden exodus," said Loo, a senior fixed income strategist at State Street. "It is a 'diversification, not divestment' story with foreign investors, particularly in Asia." Hemant Mishr, group CIO of SCUBE Capital, is also betting on a steeper Treasury curve. "The markets are worried and U.S. risk premiums will further widen," he said. "We expect U.S. credit default swaps to continue quoting at a substantial premium to similarly rated sovereigns."
