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From rare paintings to luxury cars, Nirav Modi's assets to go under hammer Modi, who has allegedly defrauded state-run Punjab National Bank of over Rs 14,000 crore, is on the run and was last spotted in the UK Current Affairs :Uncommon works of art, stunning wrist watches and extravagance autos having a place with criminal diamantaire Nirav Modi will be unloaded from Thursday. The offer of 112 resources is being finished by Saffronart for the benefit of the Enforcement Directorate through a live sale, which will be trailed by an online one for 72 things. Modi, who has purportedly swindled state-run Punjab National Bank of over Rs 14,000 crore, is on the run and was last seen in the UK. Saffronart, which had directed a closeout of certain works of art having a place with Modi in March a year ago to bring over Rs 55 crore, said there will be a live sale of 112 things on Thursday, which will be trailed by an online sale one week from now. A 1935 canvas by Amrita Sher-Gi...

Economic slowdown affecting super luxury segment: Lamborghini India The company, which sold 45 units in India last year, had earlier in the year pegged growth for 2019 at around 60% C urrent Affairs :- The progressing log jam in the car business has likewise affected the super extravagance portion yet Lamborghini anticipates that deals should develop around 50 percent this year, as indicated by a top organization official. With its new offering, the super games vehicle Huracan Evo, beginning conveyances from September to add to the Urus SUV, which has been sold out for 2019, Lamborghini India is sure of timing high twofold digit deals development, despite the fact that it had before pegged the viewpoint for the year at around 60 percent. “There is a downturn in the general car industry. There are a few difficulties even in the super extravagance industry. Fortunately we can bring items at the opportune time and we can make energy in the commercial center in spite of the ...