Indian Railways exports these beautiful coaches!

Business-Cars, Lifestyle-City

Established in 1986, Rail Coach Factory (RCF), a manufacturing unit of Indian Railways has manufactured around 16,000 passenger coaches of 51 different types including self propelled passenger vehicles which constitute over 35% of the total coaches in the Indian Railways.

RCF is equipped with CAD centre to design and manufacture bogies, (both with stainless steel and corten steel).

RCF has also manufactured coaches for both Rajdhani Express and Shatabdi Express. RCF exports coaches manufactured at its plant in Kapurthala.

World’s oldest Ferrari worth $8 m unveiled

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The world’s oldest Ferrari, which won the 1947 Turin Grand Prix, has been unveiled for the first time after restoration and is now believed to be worth $8 million.

The 166 Spyder Corsa built by manufacturer Enzo Ferrari just after the World War II is believed to be world’s oldest Ferrari and was restored for $5,00,000 by its owner Jim Glickenhaus from California, the Daily Mail reported.

Capable of speeds of up to 160 kilometres per hour, which was enough to win the model the 1947 Turin Grand Prix, this 12-cylinder classic car is a one-of-a-kind. “I bought the car at an auction in 2004 for around $770,000,” Glickenhaus said.The motor — numbered 002 — was the first sold by Enzo Ferrari in December 1947, after his first build crashed.

In 2006 the owner of a Ferrari marked 001C came forward claiming his vehicle was the world’s oldest. This was actually a number two car built before Glickenhaus’ 1947, which could contain a proportion of parts from the first crashed 01C Ferrari.However this vehicle lacked the original engine and used Ford motor parts.”My Ferrari still has the original chassis, engine, gearbox and most of the mechanical pieces,” Glickenhaus was quoted by the paper as saying.

Glickenhaus believes the car could now fetch up to $8 million.”I took it to the original home of Ferrari, Marenello in northern Italy. There you will find the mechanics that have preserved the heritage of this machine. They had all the photographs, parts and knowledge to deliver an authentic restoration,” Glickenhaus added.

Italy’s iconic Vespa scooter

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Italy’s iconic Vespa scooter, a rage with the Indian middle-class in its heyday, re-entered the country on Thursday after a 13-year hiatus as scooters come back in vogue.
Auto-making giant Piaggio has brought to India the LX125 — a high tech, gearless scooter — to take on competition from rivals such as Honda, TVS, Suzuki and Yamaha in the fast-growing market.
LX125 is powered by a 125cc, 4-stroke motor, producing a power output of 10.7 BHP and a torque output of 9.6 Nm.

Asia stocks fall as Europe debt woes flare anew

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Asian stock markets fell on Thursday after a weak Spanish bond auction inflamed concerns about the European debt crisis and hopes faded for more help for the U.S. economy from the Federal Reserve.

Japan’s Nikkei 225 index fell 1 percent to 9,717.93, after hitting its lowest intraday point since March 8 at 9,692.70.

The debt crisis in Europe flared anew Wednesday after a disappointing auction of government debt in Spain signaled investor confidence in the country’s finances is weakening. The Dow Jones industrial average lost 125 points, and the price of gold plunged to its lowest level since January.

That compounded worries that arose Tuesday, when minutes released from the March meeting of the U.S. Federal Reserve’s Open Market Committee gave no hint of a third round of bond purchases, dubbed quantitative easing III or QE3, to support the U.S. economy.

The Fed has already carried out two rounds of bond-buying, most recently in August 2010, to drive down long-term interest rates. Low bond yields generally encourage investors to shift money to buying stocks.

Analysts at Credit Agricole CIB in Hong Kong said in an email that “markets remained under pressure with a further digestion of the Fed’s minutes which shows no hints for QE3.”

The Dow Jones industrial average closed down 1 percent at 13,074.75. The Standard & Poor’s 500 index finished down 1 percent at 1,398.96. The Nasdaq composite index lost 1.5 percent to 3,068.09.

Benchmark oil for May delivery was up 48 cents to $101.95 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $2.54 to finish at $101.47 a barrel in New York on Wednesday. It had not closed below $102 per barrel since Feb. 15.

In currency trading, the euro rose to $1.3152 from $1.3139 late Wednesday in New York. The dollar fell to 82.22 yen from 82.58 yen.

Toyota begins Etios exports

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Automobile major Toyota, through its joint venture with the Kirloskar group, on Wednesday, began exporting Etios cars, manufactured at the Bangalore plant, to South Africa.

The first batch, of 247 Etios, were loaded on to m.v.Antares Leader, a roll-on-roll-off vessel, at the Ennore port in the presence of two Karnataka Ministers, R. Ashoka and Murugesh R. Nirani, and senior executives of the joint venture, Toyota Kirloskar Motor Private Ltd (TKM), including its Vice-Chairman Vikram Kirloskar.

Addressing presspersons after the function, TKM Managing Director Hiroshi Nakagawa said the company was looking to export 20,000 Etios to South Africa annually. In a release, he said with the export of Etios “we have been successful in completing our vision of making Toyota Indian operations a strategic hub for both the domestic and global markets.”

Toyota SA Motors (PTY) Ltd Senior Vice-President (Sales and Marketing) Calvyn Hamman said that Etios was expected to help the South African company improve its market share, which it lost, with a presence in the growing small car segment. The demand for smaller vehicles was on the rise in South Africa, he said, adding that Etios would be promoted as an entry-level car for middle class households. The entry-level Etios would be priced at 116,000 Rands (about Rs.7.60 lakh), including the service plan.

The export model of Etios is built on the same platform as Etios and Etios Liva, manufactured and sold in India. However, it would be customised to suit the local requirements. The company will export only the petrol variants.

Mr. Hamman said the modification included tyres to withstand higher speed. While the average speed on highways in South Africa is 120 kmph, motorists tend to go up to 160 kmph. The size of the automobile market (all vehicles, including trucks) is 5.90 lakh and the share of Toyota SA Motors in it is 18.5 per cent.

TKM Deputy Managing Director (Marketing) Sandeep Singh said the company was doing well after the launch of Etios and was focussed on expanding in to semi-urban and rural markets.

Mac OS X v10.7 (Lion) - brings many developments made in Apple's iOS, such as an easily navigable display of installed applications, to the Mac, and includes support for the Mac App Store, as introduced in Mac OS X Snow Leopard version 10.6.6.

Mac OS X v10.7 (Lion) - brings many developments made in Apple's iOS, such as an easily navigable display of installed applications, to the Mac, and includes support for the Mac App Store, as introduced in Mac OS X Snow Leopard version 10.6.6.

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Mac OS X v10.6 (Snow Leopard) - Snow Leopard was publicly unveiled on June 8, 2009 at the Apple Worldwide Developers Conference. Unlike previous versions of Mac OS X, the goals with Snow Leopard were improved performance, greater efficiency and the reduction of its overall memory footprint.

Mac OS X v10.6 (Snow Leopard) - Snow Leopard was publicly unveiled on June 8, 2009 at the Apple Worldwide Developers Conference. Unlike previous versions of Mac OS X, the goals with Snow Leopard were improved performance, greater efficiency and the reduction of its overall memory footprint.

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Mac OS X v10.5 (Leopard) - Leopard introduces a redesigned Dock, Stacks, a semitransparent menu bar, an automated backup utility called Time Machine and an updated Finder that incorporates the Cover Flow visual navigation interface.

Mac OS X v10.5 (Leopard) - Leopard introduces a redesigned Dock, Stacks, a semitransparent menu bar, an automated backup utility called Time Machine and an updated Finder that incorporates the Cover Flow visual navigation interface.

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Mac OS X v10.4 (Tiger) - Tiger was the first version of any released Apple operating system to work on Apple–Intel architecture machines & the longest running version of Mac OS X.

Mac OS X v10.4 (Tiger) - Tiger was the first version of any released Apple operating system to work on Apple–Intel architecture machines & the longest running version of Mac OS X.

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Mac OS X v10.1 (Puma) - It was released on 25 September 2001 as a 'free update' to version 10.0. The OS was handed out for no charge by Apple employees after Steve Jobs' keynote speech at the Seybold publishing conference in San Francisco.

Mac OS X v10.1 (Puma) - It was released on 25 September 2001 as a 'free update' to version 10.0. The OS was handed out for no charge by Apple employees after Steve Jobs' keynote speech at the Seybold publishing conference in San Francisco.

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Mac OS X v10.0 (Cheetah) - The desktop-oriented version followed in March 2001 sporting the new Aqua user interface. Since then, seven more distinct "end-user" and "server" versions have been released.

Mac OS X v10.0 (Cheetah) - The desktop-oriented version followed in March 2001 sporting the new Aqua user interface. Since then, seven more distinct "end-user" and "server" versions have been released.

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Mac OS X Server 1.0 - The very first version was launched in 1999, which retained the earlier Mac operating system's "platinum" appearance and even resembled OPENSTEP in places.

Mac OS X Server 1.0 - The very first version was launched in 1999, which retained the earlier Mac operating system's "platinum" appearance and even resembled OPENSTEP in places.

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Mac OS X succeeded the original Mac OS, which had been Apple's primary operating system since 1984. Unlike the earlier Macintosh operating system, Mac OS X is a Unix-based operating system built on technology developed at NeXT from the second half of the 1980s until early 1997, when Apple purchased the company.

Mac OS X succeeded the original Mac OS, which had been Apple's primary operating system since 1984. Unlike the earlier Macintosh operating system, Mac OS X is a Unix-based operating system built on technology developed at NeXT from the second half of the 1980s until early 1997, when Apple purchased the company.

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October 24, 2007 - Microsoft Corp announces that it purchased a 1.6 percent share of Facebook for $240 million, giving the company a total implied value of around $15 billion.

October 24, 2007 - Microsoft Corp announces that it purchased a 1.6 percent share of Facebook for $240 million, giving the company a total implied value of around $15 billion.

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April 7, 2008 - Facebook settles with the founders of "ConnectU", the Winklevoss twins and Divya Narendra, for a purported $65 million, according to promotional material later published by ConnectU's lawyers.

April 7, 2008 - Facebook settles with the founders of "ConnectU", the Winklevoss twins and Divya Narendra, for a purported $65 million, according to promotional material later published by ConnectU's lawyers.

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