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Brand

Want a Zippy Vintage Convertible? This Alfa Romeo Is a Stealth Bargain

When he bought his 1969 Alfa Romeo Giulia, Dorian Valenzuela often got stopped on the street by people asking how he liked his Datsun.

That was seven years ago. These days, onlookers are more likely to ask where they can find an Alfa of their own.

“Popularity-wise, they are higher than ever,” Valenzuela said this week near his restoration shop in Los Angeles. “They’re really nimble to drive. They’re peppy. People are starting to realise that they’re a blast.”

Tata Motors boosts cash hoard by 87% to expand

Tata Motors, the owner of luxury car brands Jaguar Land Rover (JLR), is building a war chest that will allow it to expand its business and acquire rivals.

Cash and equivalents at the Indian maker of the Tiago and Hexa cars surged 87 per cent to Rs 39,760 crore ($6.2 billion) as of June 30 from a year earlier, according to data compiled by Bloo­mberg. Reliance Industries, India’s biggest company by market value, had Rs 72,100 crore in cash in the period, the most among the nation’s companies.

Uber boss says sorry over London ‘mistakes’, offers change to keep licence

Uber’s new boss apologised to Londoners for the taxi app’s mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its licence in one of its major markets.

The British capital’s transport regulator on Friday deemed Uber unfit to run a taxi service and decided not to renew its licence to operate, which will end this week, citing the firm’s approach to reporting serious criminal offences and background checks on drivers.

Apple concedes new watch has connectivity glitch

Apple Inc conceded its latest smartwatch unveiled a week ago has problems with its most important feature: the ability to make phone calls and access data without an iPhone nearby.

Several prominent reviewers said they could not recommend the device because of a wifi glitch that causes cellular connectivity problems.

The Watch Series 3 starts at $399 and was launched alongside new iPhone models. Unlike previous versions of the watch, it has cellular network connectivity built in.

Tata brings in Nexon

Tata Motors, India’s largest automobile major by revenues, on Thursday launched its much-awaited compact sports utility vehicle Nexon. The auto major, which is aiming at number three slot in the country after Maruti Suzuki and Hyundai, has priced the car, with petrol and diesel options, between Rs 5.85 lakh and Rs 9.45 lakh at New Delhi showroom.

The aggressive pricing would help Nexon undercut its rivals, the Maruti Vitara Brezza (Rs 7.24 - 9.91 lakh) and Ford EcoSport (Rs 7.10 - 10.71 lakh) by a decent margin.

Tata group in able hands, says Ratan Tata

Eminent industrialist Ratan Tata on Wednesday exuded confidence in new Tata Sons chairman N Chandrasekaran, saying the group is in "very able hands" and expressed hope that the group would always remain ethical.

"I feel the group is in very able hands with Chandra," the Tata group chairman emeritus said while talking to Suhel Seth on CNBC-TV18.

The chairman emeritus said the face of the Tatas may change over the years, but he would be proud if it operates with ethical standards.

Sebi revokes ban on 114 entities as no tax evasion detected

Markets regulator Sebi has revoked trading ban imposed on 114 entities, which had come under the scanner for alleged manipulation and misuse of stock market platform for tax evasion, saying it did not find any adverse evidence against them.

This comes after Sebi, earlier this month, had revoked ban on a total of 307 entities in the First Financial case as well as in the matter of dealing in shares of Eco Friendly Food Processing Park, Esteem Bio Organic Food Processing, Channel Nine Entertainment and HPC Biosciences.

M&M to acquire tractor, foundry biz of Turkey’s Erkunt for Rs 735 crore

Mahindra & Mahindra, India’s biggest tractor maker by sales, on Wednesday signed pacts to acquire Turkey-based Erkunt Group’s tractor manufacturing and foundry businesses for Rs 735 crore in cash.

The acquisition is part of Mahindra’s plan to double its global revenue to $5 billion by 2019. It is targeting 50 per cent revenues from global markets by 2019 to de-risk the cyclical business.

Creepy or Incredible? This $36,000 Clock Looks Like a Robot Octopus

MB&F has been collaborating with clockmaker L’Epee 1839 for many years, and during that time, the partnership has produced a number of very varied clock designs, which have taken from the worlds of biology, science fiction, and space exploration to produce some dramatically different timepieces (including one guaranteed to cause heebie-jeebies in 3.5 to 6.1 per cent of the general population).

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