Ferrari castigated Formula One rivals McLaren for making 'serious and false' accusations against them.
Ferrari are having their worst start to a season since 1981 but they are unlikely to make any major improvements to their car until Formula One returns to Europe after next weekend's Bahrain Grand Prix. The Italian team failed to win a point for the third successive race since the start of the season in Sunday's Chinese Grand Prix, leaving the champions bottom of the standings and drivers Felipe Massa and Kimi Raikkonen seething with frustration.
The finance ministry exempted Tendulkar from paying around Rs 1.13 crore [approximately US $245,000] as import duty for the red Ferrari 360 Modena.
Although Schumacher won Sunday's Austrian GP for his third win in a row this season, McLaren's Raikkonen is still two points ahead of the Fereari ace.
Ferrari Italy is planning to bring its luxury moder Ferrari in India, in a bid to enhance its brand image.
Ferrari presented the SF90 with plenty of fanfare at their Maranello factory.
Max Verstappen took pole position on Saturday in a wet qualifying for a Canadian Grand Prix
Trade analyst Vinod Mirani gives the box office verdict.
Fernando Alonso seized a longed-for victory in his first Italian Grand Prix for Ferrari on Sunday while Lewis Hamilton lasted less than a lap and handed the championship lead back to Australian Mark Webber.
Verstappen, who started sixth after a five-place grid penalty, extended his championship lead over Perez to 125 points after taking the chequered flag 22.3 seconds ahead of the Mexican.
Germany's Sebastian Vettel won an emotional Hungarian Grand Prix for Ferrari and the late Jules Bianchi on Sunday after a crazy race that turned into a rare nightmare for champions Mercedes despite Lewis Hamilton increasing his overall lead.
Ferrari's Fernando Alonso scored a dramatic victory in the Malaysian Grand Prix on Sunday when the Spaniard denied Sauber's Sergio Perez a first Formula One victory in a race turned on its head by the weather.
Red Bull's Max Verstappen qualified comfortably faster but dropped five places for a gearbox change.
Lewis Hamilton joined Massa on the front row, with Ferrari's Kimi Raikkonen lining up third.
Verstappen struggled for grip through qualifying but it all came together in his last effort
Ferrari will present their new Formula One car online on January 30, a day after McLaren take the wraps off their Honda-powered challenger.
Wasteful Napoli held to goalless draw by visiting Monza
A puncture slashed Lewis Hamilton's championship lead over McLaren team mate Fernando Alonso to five points.
Max Verstappen won Red Bull's home Austrian Grand Prix from pole position and with the fastest lap on Sunday for the team's 10th successive Formula One victory and ninth in nine races this season.
Sebastian Vettel trimmed Lewis Hamilton's Formula One lead to 17 points with eight races remaining.
It's a sweet film with its heart in the right place.
Ferrari will quit Formula One at the end of this season if plans for a budget cap for 2010 are not abandoned, the champions said on Tuesday.
Sebastian Vettel led a Ferrari one-two at the top of the timesheets in final practice for the Bahrain Grand Prix on Saturday, ending the stranglehold of previously dominant champions Mercedes. Vettel lapped the Sakhir Circuit in a best time of one minute 31.683 seconds, 0.040 faster than team mate Kimi Raikkonen on the supersoft tyres. It was the first time this season that any driver from outside the Mercedes pairing of Nico Rosberg and triple world champion Lewis Hamilton had ended practice on top. Hamilton was quickest in all three sessions in Australia two weeks ago while championship frontrunner Rosberg led his team mate in Bahrain practices one and two on Friday. Rosberg was third fastest in practice three, his time of 1:32.104 slower than Friday when he did 1:31.001, with Hamilton fourth.
Finnish team mate Kimi Raikkonen, who started on pole for the first time in nine years but lost the lead in the pitstops, made sure of a Ferrari one-two with Hamilton finishing seventh for Mercedes after starting 13th.
The Finn made a triumphant start to his Ferrari career with a pole-to-flag victory in the season-opening Formula One race.
Austria to stay on Formula One calendar until 2027.
Double world champion Max Verstappen ran away with a Saturday sprint race in a Red Bull one-two at the Austrian Grand Prix.
Ferrari's Charles Leclerc qualified fourth with Mexican Sergio Perez, Verstappen's closest title rival and team mate but a massive 151 points adrift after 15 of 22 rounds, fifth and 0.773 off his team mate's pace.
The Finn drove Ferrari's 2007 car for the first time in Valencia on Tuesday.
Formula One's governing body put Ferrari, the sport's most successful team, in the spotlight along with Mercedes on Friday in an investigation into alleged breaches of the testing regulations.
Lewis Hamilton has recognized that he is about as likely to drive for Ferrari in the next five years as he is to have the Spanish Grand Prix crowd cheering him on against Fernando Alonso.
The Italian, driving an old F2004 with a rev-limited V10 engine, completed 53 laps at the Valencia circuit and was ninth fastest of the 15 drivers.
And have also offered him an immediate opt-out clause if he wins another Formula One title.
The seven times Formula One champion says Ferrari cannot afford to fire any more blanks.
Spain's Fernando Alonso won the British Grand Prix on Sunday for Ferrari's first victory of the season on the 60th anniversary of their first success in Formula One.
Formula One champions Mercedes expect to be beaten by Ferrari this season and also see McLaren catching up fast after a dismal 2015 for the Honda-powered team, engine head Andy Cowell said.
McLaren accepted an unprecedented $100 million fine and loss of all their 2007 constructors' points.
Kimi Raikkonen took pole position on an all-Ferrari front row for the Belgian Grand Prix.
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