Mitsubishi will pull out of cross country rallying, including the Dakar Rally which the Japanese team has dominated in recent years, as part of cost-cutting measures caused by the global economic downturn. With Wednesday's announcement, Mitsubishi Motors became the latest Japanese automaker to scale back their motorsport activities following Honda's shock exit from Formula One in December.
Two years after it was first constituted, the Petroleum and Natural Gas Regulatory Board continues to move ahead in a patchy manner -- it is inviting bids for 2,800 km of cross-country pipelines and 1,200 km of spurlines next week; it is in the process of fixing tariffs for the Mukesh Ambani-owned Reliance Gas Transportation India Limited pipeline. Its chairman L Mansingh spoke at length on several of these issues to Sunil Jain.
Regarded as the Oscar of sports, the nominations for 2018 Laureus World Sports Awards were finalised following a ballot by the world's sports media.
Out of contention for a medal, India's Shiva Keshavan remained at a disappointing 37th spot after third and penultimate round of men's singles luge competitions in the Sochi Winter Olympic Games on Sunday.
'Global investors expect the rupee to be more vulnerable in the downturns in the future than ever before,' notes Apoorva Javadekar.
Ratcheting up pressure on the Pakistan government, thousands of lawyers demanding reinstatement of judges sacked by President Pervez Musharraf during last year's emergency, led a protest to a heavily fortified Islamabad on Friday where authorities sounded a high alert amid fears of violence.The protesters, who have accused the new government of Prime Minister Yousuf Raza Gilani of wavering on its election promise of restoring the judiciary, have threatened to continue.
'Localisation saves a lot of time and cost for them. Keeping an eye on a long-term market, this is the best way these car-makers can build momentum for their brands.'
A summary of sports events and sports persons, who made news on Monday
Asian Games medal winner Fouaad Mirza called for financial help in popularising equestrian in India, saying the government can take a cue from European nations such as the United Kingdom and Germany.
India's Shiva Keshavan finished a disappointing 37th, out of 39 participants, in the men's singles luge competition at the Sochi Winter Olympics.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
Yara Shalaby set up the Middle East's first women's rally team, the Gazelle Rally which has seven drivers and has secured sponsorship for 2016.
DRDO to develop an army version of the medium range surface-to-air missile.
Recent perceptions of the two countries may have something to do with the narrowing of the gap in FDI flows.
The King Air C90 12-seater aircraft had taken off from the Juhu airstrip on a test flight.
Two biathletes and four cross-country skiers from the 2006 Turin Olympics were banned for possession of doping equipment and collaboration.
The competition between the two main players vying to lay cross-country natural gas pipelines has undergone a volte-face.
A Nigerian woman weightlifter and an Angolan male swimmer have tested positive for banned substances at the All Africa Games.
2014 Asian Games bronze medalist and national record holder Sudha Singh wants to make amends for a disappointing outing at the London Olympics.
In an encouraging development for the Indian women's hockey team, all the squad members are set to be included in the Target Olympic Podium Scheme (TOPS) when the review committee will identify a core group for the government-funded programme, next month.
"Both sides committed to open additional consulates in each other's country. India will be opening a new consulate in Seattle and the US will open a new consulate at a mutually agreed location in India," the joint statement said.
Lithuania's Laura Asadauskaite will be favourite to defend her Olympic title when modern pentathlon enjoys a rare share of the global sporting spotlight on the final weekend of the Rio Games.
A summary of sports events and persons who made news on Saturday
The BJP leader will travel in a converted bus on his latest yatra.
South Korea's Kim Hyung-chil died after being crushed by his horse in a heavy fall at the Asian Games equestrian event.
The Ethiopian crossed the line in 10 minutes 54 seconds at Fukuoka's chilly seaside course.
Abnormally high blood counts among 12 Olympic cross-country skiers marred the start of the Winter Games.
Petroleum Minister Murli Deora is seeking to give a big push to domestic oil and gas hunt through a slew of fiscal incentives including infrastructure status to exploration and production business and exemption from service tax.
There will no be Russian athletes at the 2016 IAAF world indoor championships in Portland, Oregon next March, a source with knowledge of the decision said on Thursday.
The government on Wednesday mandated the petroleum ministry to hold dialogue with Pakistan, Bangladesh, Iran and Myanmar to secure natural gas supplies through pipelines to meet demand of the country.
Sofia Goggia carved up the Jeongseon slope 'like a Samurai' to win the women's downhill on Wednesday and leave American Lindsey Vonn with a bronze medal in her final run in the marquee event of Olympic Alpine skiing.
RusPromAvto, Russia's automobile corporation, is to begin assembly of heavy-duty cross-country 'Ural' trucks in India from next month.
The objective of the new World Athletics Tour is to ensure that only the best quality competitions are staged under the IAAF brand.
Why India is an FDI magnet. The country satisfies several reconditions to attract FDI.
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