Absence, they say, makes the heart grow fonder. And as once-familiar cars start disappearing from our roads, it’s hard not to be stirred on the rare occasions that you see them. When was the last time you spotted a Ford Puma coupe or Citroen BX? It’s even more of a cause for celebration when you… Continue reading Future classics: car investments that could make you money
Category: News Type
India: Paytm, Zomato feel the heat with wider quarterly losses …
Two of India’s hottest startups, fintech firm Paytm and food delivery provider Zomato, have reported wider losses in their quarterly earnings. One 97 Communications Ltd, the parent company of Paytm, reported a higher fourth-quarter loss on Friday due to higher payment processing, marketing and employee costs. However, its shares jumped 8% as CFO Madhur Deora… Continue reading India: Paytm, Zomato feel the heat with wider quarterly losses …
Ex-Twitter India head’s Invact Metaversity explores shutting ops after disagreements with co-founder
Just three months after raising funds, Invact Metaversity, referred to as a “metaverse” university, is exploring options that include cutting the burn rate, pivoting to another idea, letting one of the founders take full charge, or returning the excess capital to investors, as its founders stand at crossroads regarding their vision for the edtech company.… Continue reading Ex-Twitter India head’s Invact Metaversity explores shutting ops after disagreements with co-founder
Abu Dhabi’s Borouge secures cornerstone investors including India’s Adani family
Abu Dhabi-headquartered petrochemicals firm Borouge said on Monday it secured seven cornerstone investors, including India’s wealthy Adani family for its $2 billion initial public offering (IPO). The Abu Dhabi National Oil Company and Borealis’ joint venture set the offer price for its IPO at 2.45 dirhams ($0.67) a share, which implies an equity value of $20 billion, it… Continue reading Abu Dhabi’s Borouge secures cornerstone investors including India’s Adani family
Majority shareholders vote for delisting of Chinese ride-hailer Didi from NYSE
Chinese ride-hailing giant Didi Global will delist from the New York Stock Exchange, after a majority of the company’s shareholders voted in favor of the plan, putting to rest a year-long clash with Beijing over its U.S. stock market listing. In an extraordinary general meeting (EGM) held on Monday, 96.26% of shareholders who were present… Continue reading Majority shareholders vote for delisting of Chinese ride-hailer Didi from NYSE
Skoda Afriq is one-off, Kamiq-based Dakar weapon
Skoda has revealed a rally-ready one-off version of its Kamiq SUV, which has been designed by 25 of its apprentices. Called the Skoda Afriq, it features a wider front to the Skoda Kamiq, along with a single central exhaust, welded roll-cage and chunky rally-spec tyres. Front floodlights and a rear wing have also been added,… Continue reading Skoda Afriq is one-off, Kamiq-based Dakar weapon
New 2022 Ford Ranger Raptor brings 284bhp petrol V6 for £57,340
The new version of the hardcore Ford Ranger Raptor pick-up has swapped its 2.0-litre turbo diesel engine for a substantially more powerful 3.0-litre petrol V6 and undergone a radical redesign influenced by the US-market F-150 Raptor. Available to order now from £57,340, it is the first version of the new fourth-generation Ranger to go on sale in Europe,… Continue reading New 2022 Ford Ranger Raptor brings 284bhp petrol V6 for £57,340
New Mercedes-Maybach SL to rival Bentley Continental GT
Mercedes is readying an ultra-luxurious Maybach version of its new SL roadster to rival the Bentley Continental GT Convertible as part of its greater focus on its highest-margin products. Previewed on Instagram by Mercedes design boss Gorden Wagener, the first-ever Mercedes-Maybach SL will be distinguished by a fully chromed grille, Maybach emblems imprinted on the bonnet and a freestanding three-pointed… Continue reading New Mercedes-Maybach SL to rival Bentley Continental GT
Formula 1 talking points from the Spanish GP
Max Verstappen leads the Formula 1 World Championship for the first time this season after victory in the Spanish Grand Prix. Ferrari’s Charles Leclerc looked assured of an easy win, dominating the race from pole position until his engine let go with an unspecified problem on lap 27. As such, Red Bull earned a one-two… Continue reading Formula 1 talking points from the Spanish GP
Rovanpera extends WRC lead with victory in Portugal
With the dust having settled over Rally Portugal, the result is that 21-year-old Toyota driver Kalle Rovanperä extends his championship lead – the youngest ever to head the series. But that’s far from the full story. Portugal – always known for being the first proper indicator of what the real pecking order is, after a series of… Continue reading Rovanpera extends WRC lead with victory in Portugal