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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 ...

A push by the US to drastically reduce its reliance on mainland China has forced Hong Kong exporters to sever some ties at home and over the border, with firms also cutting down on imports of raw materials due to threats of boycotts, industry leaders have told the Post.But a shippers’ organisation said moves to diversify away from the country would not be easy, as it was an integral part of the global supply chain and difficult to replace. Amid the disruption, manufacturers and brands both locally and abroad said they had to face new business realities, some of which required overhauling operations.Dennis Ng Kwok-on, vice-president of the Chinese Manufacturers’ Association of Hong Kong, told the Post that the United States had started to ask local exporters who recently moved operations to...

Shop the LookIn a world where trends come and go faster than ever before, the concept of “quiet luxury” has emerged as a refreshing departure from the flashy and ostentatious. Quiet luxury is all about understated elegance, sophistication, and a focus on quality over quantity. It’s a timeless trend that transcends seasons and speaks to those who appreciate the finer things in life without feeling the need to flaunt them. So, what exactly is quiet luxury, and how can you achieve this subtle yet captivating style? Let’s delve into the essence of quiet luxury and explore some tips on how to incorporate it into your lifestyle. Below, I will be sharing how to achieve the quiet luxury trend this fall and beyond.Understanding Quiet LuxuryQuiet luxury is the art of subtle sophistication, an unspok...

Representative imageRetail inflation for industrial workers eased to 4.45 per cent in October from 4.72 per cent in September mainly due to lower prices of certain food items. Retail inflation based on All-India Consumer Price Index for Industrial Workers (CPI-IW) was 6.08 per cent in October 2022, a labour ministry statement said. Food inflation stood at 6.27 per cent in October 2023 against 6.52 per cent in the previous month and 6.52 per cent during the corresponding month (October 2022) a year ago. The All-India CPI-IW for October 2023 increased by 0.9 points and stood at 138.4 points. The CPI-IW was 137.5 points in September 2023. The maximum upward pressure in the current index came from Food & Beverages group contributing 0.68 percentage points to the total change. At item lev...

New Delhi: Fashion and lifestyle brand Lavie has launched a new collection of women's watches, marking its entry into the watches segment, the company said in a press release on Thursday.With this new launch, Lavie’s now positions itself as a multi-category retailer.“We have transformed our vision into reality by expanding into a new product category, and we're excited to take it further, setting new standards in the world of women's fashion," said Ayush Tainwala, CEO, Lavie.Recently, the brand raised USD 9 million funding to expand its store presence and strengthen manufacturing capabilities. Currently, the company has around 100 outlets. Published On Nov 9, 2023 at 02:17 PM IST ...

Global growth is set to remain modest, with the impact of the necessary monetary policy tightening, weak trade and lower business and consumer confidence being increasingly felt, according to the Organisation for Economic Cooperation and Development’s (OECD) latest Economic Outlook.The outlook projects global GDP growth of 2.9 per cent in 2023, followed by a mild slowdown to 2.7 per cent in 2024 and a slight improvement to 3.0 per cent in 2025. Asia is expected to continue to account for the bulk of global growth in 2024-25, as it has in 2023.Consumer price inflation is expected to continue to ease gradually back towards central bank targets in most economies by 2025, as cost pressures moderate. Consumer price inflation in OECD countries is expected to decline from 7 per cent in 2023 to 5....