Gautam Singhania, chairman and managing director of the Raymond Group, and estranged wife Nawaz Modi.Mumbai: Settlement talks have commenced between Raymond Group chairman Gautam Singhania and his wife Nawaz Modi following their separation, legal sources close to the couple said. Lawyers from both sides held discussions on possible contours of a settlement in recent days, two officials close to the matter said. Singhania's estranged wife has claimed 75% of the industrialist's estimated $1.4-billion wealth for their two daughters and herself, as part of a family settlement. Singhania suggested setting up a trust to hold the wealth, which was unacceptable to Nawaz. Legal sources close to Singhania said both sides are agreed on a more realistic settlement compared to the demand of a 75% shar...

Chairperson of Reliance Foundation Nita Ambani has launched the first 'Swadesh' handicrafts store in Hyderabad, aimed at supporting and promoting Indian craftwork."'Swadesh' is an ode to Indian art and artisans. It is wonderful to start our journey of 'Swadesh' from Hyderabad. India has a rich history of culture and tradition. So, Swadesh is a humble tribute to artisans of India," says Nita Ambani at the launch event.She also met Sania Mirza, PV Sindhu, Namrata Shirodkar and others at the launch of the first standalone Swadesh store at Alcazar Mall, Jubilee Hills, Hyderabad.According to the press statement, Swadesh stores will not only present India to the world through its centuries-old art forms and creative expressions but will also pry open sustainable livelihood opportunities for arti...

The inflation rate in the Netherlands stood at 1.6 per cent in November 2023, a notable increase from October's rate of minus 0.4 per cent, according to the flash estimate of Statistics Netherlands (CBS). Despite the rise in the annual inflation rate, consumer prices in November actually decreased by 1.1 per cent compared to October 2023. This highlights that a higher inflation rate does not necessarily imply an increase in prices on a month-to-month basis.The influence of energy prices on inflation has been significant. In November, the inflation rate excluding energy was 4.1 per cent, a decrease from 5.1 per cent in October. Earlier in 2023, the inflation rate excluding energy and motor fuels had peaked at 8.1 per cent in February and March.The fluctuation in energy prices, particularly ...

The inflation rate in the Netherlands stood at 1.6 per cent in November 2023, a notable increase from October's rate of minus 0.4 per cent, according to the flash estimate of Statistics Netherlands (CBS). Despite the rise in the annual inflation rate, consumer prices in November actually decreased by 1.1 per cent compared to October 2023. This highlights that a higher inflation rate does not necessarily imply an increase in prices on a month-to-month basis.The influence of energy prices on inflation has been significant. In November, the inflation rate excluding energy was 4.1 per cent, a decrease from 5.1 per cent in October. Earlier in 2023, the inflation rate excluding energy and motor fuels had peaked at 8.1 per cent in February and March.The fluctuation in energy prices, particularly ...