Bonfiglioli's India Unit Is Said to Consider $250 Million IPO
Bonfiglioli Transmissions Pvt. has hired Axis Capital Ltd., ICICI Securities Ltd., JPMorgan Chase & Co. and BNP Paribas SA to arrange the listing, the people said, asking not to be named because the information is private.
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New York Post
7 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.
New York Post
11 hours ago
- New York Post
Trump and Ursula von der Leyen to meet for high stakes trade talks as clock ticks on tariff deadline
President Donald Trump is meeting Sunday with European Commission chief Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates with the White House's deadline to impose stiff import taxes looming this week. Trump continued his golfing weekend at his course in Turnberry on the southwest coast of Scotland with a group that included sons Eric and Donald Jr. and their wives. The Republican president waved at reporters and listened to shouted questions about the prospect of reaching a European Union deal during his private afternoon meeting with von der Leyen, but he offered no comment. Trump's five-day visit to Scotland is built around golf and promoting properties bearing his name. Advertisement 5 President Donald Trump waving at reporters ahead of his meeting with European Commission chief Ursula von der Leyen in Scotland to discuss trade. AP 5 Trump was at his golf course in Turnberry with a group that included Donald Jr. AP 5 Trump's five-day visit to Scotland was for golf and promoting properties bearing his name. AP Advertisement A small group of protesters at Turnberry waved American flags and raised a sign criticizing British Prime Minister Keir Starmer, who plans his own Turnberry meeting with Trump on Monday. Other voices could be heard cheering and chanting 'Trump! Trump!' as he played nearby. On Tuesday, Trump will be in Aberdeen, in northeastern Scotland, where his family has another golf course and is opening a third next month. The president and his sons plan to help cut the ribbon on the new course. Trump for months has threatened most of the world with steep tariffs in hopes of shrinking large U.S. trade deficits with many key trading partners. The EU has been no exception. 5 Protesters at Turnberry waved American flags and raised a sign criticizing British Prime Minister Keir Starmer, who is planning to meet with Trump on Monday. REUTERS Advertisement 5 Without a deal, the EU says it is prepared to retaliate with tariffs on hundreds of American products. AP Trump has said 'we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU.' He also suggested that any deal would have to 'buy down' the currently scheduled tariff rate of 30% on the bloc of 27 member states. The U.S. and EU seemed close to a deal earlier this month, but Trump instead threatened a 30% tariff rate. Trump's original deadline has passed, delayed until at least Friday. Without a deal, the EU says it is prepared to retaliate with tariffs on hundreds of American products, ranging from beef and auto parts to beer and Boeing airplanes. Advertisement If Trump eventually makes good on his threat of tariffs against Europe, it could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals more expensive in the United States. Trump recently said he thought the odds of reaching a framework with Japan was 25%, but the allies announced an agreement this past week. His focus on trade has followed him to Scotland. On Saturday, he posted on his Truth Social platform that he would block any trade deals between the U.S. and Cambodia and Thailand because of their violent clashes along long-disputed border areas. Trump wrote that he spoke with Cambodian Prime Minister Hun Manet and Phumtham Wechayachai, the acting prime minister of Thailand, to call for a ceasefire. Both countries, Trump said, want to 'get back to the 'Trading Table' with the United States, which we think is inappropriate to do until such time as the fighting STOPS. … When all is done, and Peace is at hand, I look forward to concluding our Trading Agreements with both!' The U.S. and Britain, meanwhile, announced a trade framework in May and a larger agreement last month during the Group of Seven meeting in Canada. Trump says that deal is concluded and that he and Starmer will discuss other matters, though the White House has suggested it still needs some polishing.
The Hill
11 hours ago
- The Hill
Threat of US-EU trade war looms as Trump and top European official plan talks in Scotland
EDINBURGH, Scotland (AP) — President Donald Trump is meeting Sunday with European Commission chief Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates with the White House's deadline to impose stiff import taxes looming this week. Trump continued his golfing weekend at his course in Turnberry on the southwest coast of Scotland with a group that included sons Eric and Donald Jr. and their wives. The Republican president waved at reporters and listened to shouted questions about the prospect of reaching a European Union deal during his private afternoon meeting with von der Leyen, but he offered no comment. Trump's five-day visit to Scotland is built around golf and promoting properties bearing his name. A small group of protesters at Turnberry waved American flags and raised a sign criticizing British Prime Minister Keir Starmer, who plans his own Turnberry meeting with Trump on Monday. Other voices could be heard cheering and chanting 'Trump! Trump!' as he played nearby. On Tuesday, Trump will be in Aberdeen, in northeastern Scotland, where his family has another golf course and is opening a third next month. The president and his sons plan to help cut the ribbon on the new course. Trump for months has threatened most of the world with steep tariffs in hopes of shrinking large U.S. trade deficits with many key trading partners. The EU has been no exception. Trump has said 'we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU.' He also suggested that any deal would have to 'buy down' the currently scheduled tariff rate of 30% on the bloc of 27 member states. The U.S. and EU seemed close to a deal earlier this month, but Trump instead threatened a 30% tariff rate. Trump's original deadline has passed, delayed until at least Friday. Without a deal, the EU says it is prepared to retaliate with tariffs on hundreds of American products, ranging from beef and auto parts to beer and Boeing airplanes. If Trump eventually makes good on his threat of tariffs against Europe, it could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals more expensive in the United States. Trump recently said he thought the odds of reaching a framework with Japan was 25%, but the allies announced an agreement this past week. His focus on trade has followed him to Scotland. On Saturday, he posted on his Truth Social platform that he would block any trade deals between the U.S. and Cambodia and Thailand because of their violent clashes along long-disputed border areas. Trump wrote that he spoke with Cambodian Prime Minister Hun Manet and Phumtham Wechayachai, the acting prime minister of Thailand, to call for a ceasefire. Both countries, Trump said, want to 'get back to the 'Trading Table' with the United States, which we think is inappropriate to do until such time as the fighting STOPS. … When all is done, and Peace is at hand, I look forward to concluding our Trading Agreements with both!' The U.S. and Britain, meanwhile, announced a trade framework in May and a larger agreement last month during the Group of Seven meeting in Canada. Trump says that deal is concluded and that he and Starmer will discuss other matters, though the White House has suggested it still needs some polishing.
