Formula One will have 12 teams this season, instead of a planned 13, after a late replacement for the USF1 entry was ruled out by the governing body on Wednesday.
Infosys chief mentor Narayana Murthy has been felicitated with the Global Leadership and Free Enterprise awards by the University of South Florida in recognition of his entrepreneurial spirit.
In a move to allow US investors to directly participate in India's equity markets, Chicago-based US Futures Exchange (USFE) will exclusively license the Bombay Stock Exchange's Sensex for US dollar-denominated futures trading beginning February 22 next year. At present, US investors can buy only a handful of Indian stocks listed on the New York and Nasdaq exchanges through an American Depository Receipt (ADR) authorisation.
The founders of a proposed all-American Formula One team unveiled plans to enter the sport in 2010 on Tuesday while remaining sketchy about where the funding would come from. While the US has a rich past in Formula One, with world champions in Phil Hill and Mario Andretti, the sport has abandoned the country in recent years.
Unlike the general futures contracts, a buyer/seller of the Binary Event Futures takes a 'yes' or a 'no' position
Mahindra & Mahindra on Wednesday launched its flagship sports utility vehicle Scorpio in Malaysia.\n\n
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