The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.
Sergio Perez shook off the gear-box change penalty to claim his and Sahara Force India's second podium place of the season with a third-place finish at the European Grand Prix while Nico Hulkenberg took the ninth spot, in Baku, on Sunday.
Mexican Formula One driver Sergio Perez described his Force India team's financial situation as 'critical' on Thursday, and recognised that his own future remained uncertain.
Troubled Force India co-owner Vijay Mallya dismissed speculation of a possible sale of his team to Australian David Brabham or Formula One's former commercial supremo Bernie Ecclestone.
Kimi Raikkonen dashed Adrian Sutil's fairytale home race as Force India, for the umpteenth time, came agonisingly close to scoring its first Formula One points before falling to the jinx at the German Grand Prix in Nuerburgring, on Sunday. In a repeat of last year's Monaco Grand Prix, Raikkonen bruised Sutil's VJM02 just when the German, running second, was coming out of the pit and knocked off the front wing to force a pit-stop that dashed Sutil's point hopes.
Hamilton, Bottas's team mate, started in eighth place after a grid penalty triggered by an unscheduled gearbox change and finished fourth.
Sergio Perez gave Sahara Force India its fourth ever podium finish by taking the third spot while team-mate Nico Hulkenberg crossed the line at sixth in a memorable race at the Monaco Grand Prix of the Formula One Championships, in Monaco, on Sunday.
After weeks of speculation, it was confirmed on Wednesday that Nico Hulkenberg will leave Indian Formula One side Sahara Force India and join closest rival Sauber for the 2013 season. The Swiss team announced that it has signed Hulkenberg for the next season.
After a fairytale 2009, Force India owner Vijay Mallya now wants the Formula One outfit to reach the next level this year where regular points and occasional podium finishes would be the order of the day.
Formula One is set to test a new on-car display system championed by Lewis Hamilton's father Anthony aimed at helping fans to follow a race without having to take their eyes off the action.
India's first Formula One driver Narain Karthikeyan said he was never interested in joining Force India and criticised team co-owner Vijay Mallya for saying no Indian was good enough to drive in F1.
Vijay Mallya-owned Force India named 23-year-old Scot Paul di Resta as its test and reserve driver for the 2010 Formula One World Championship. Di Resta, who outshone his American opponent JR Hildebrand in the young driver test at Jerez in December, was unveiled on Tuesday at the Glasgow headquarters of Force India's principal sponsors Whyte & Mackay.
Sahara Force India ended the 2014 season on a high with Nico Hulkenberg finishing the Abu Dhabi Grand Prix in sixth position just ahead of teammate Sergio Perez.
Imran Khan and Sonam Kapoor added to the glamour quotient in the Force India garage as the young actors met the team drivers ahead of the Singapore Grand Prix.
Ralf Schumacher and Giancarlo Fisichella will be among seven drivers testing for Force India.
There has been speculation within Formula One that Lawrence Stroll, the billionaire father of Canadian driver Lance, is willing to invest in Force India as part of a move for his son from Williams.
Formula One's first pre-season test ended in Jerez with Ferrari's Kimi Raikkonen fastest.
Running as high as sixth, Adrian Sutil aquaplaned off the circuit with just five laps to go as Force India came tantalisingly close to securing its maiden Formula One points in the rain-lashed Chinese Grand Prix before faltering in the closing stages in Shanghai on Sunday.
Force India gave their new Mercedes-powered Formula One car its debut in Spain on Sunday with team owner Vijay Mallya targeting regular points after a barren 2008.
India's Karun Chandhok could have a testing role with Force India next year but the country will have to wait for its next Formula One driver, according to team owner Vijay Mallya. Mallya gave a clear indication that 35-year-old Fisichella, a race winner with Renault and now in his 13th season, would continue in 2009.
Mexican Sergio Perez will race for Force India next season, the British-based Formula One team announced on Thursday.
Force India are hoping Nico Hulkenberg's triumph at the Le Mans 24 Hours race will have a knock-on effect for them at next weekend's Austrian Formula One Grand Prix.
They said creditors would be paid in full and all 405 jobs at the Silverstone-based team, that was co-owned by embattled Indian businessman Vijay Mallya and finished fourth last year, were safe.
Force India F1 team rule out name change this year
Force India will take action against their German driver Adrian Sutil only if he is formally charged with assault, the Formula One team's owner Vijay Mallya said on Thursday.
Force India return to the scene of their greatest race this weekend with scant hopes of repeating last year's Belgian Grand Prix heroics.
Force India returned empty-handed from the Japanese Formula One Grand Prix after Adrian Sutil and Paul Di Resta finished a disappointing 11th and 12th respectively in Suzuka on Sunday.
Team by team prospects for the 2016 Formula One season.
Force India has agreed to release Giancarlo Fisichella, who earned the team its first podium finish in Sunday's Belgian Grand Prix, and the Italian will join Ferrari, sources said on Thursday.
Force India have extended their partnership with McLaren until the end of next year and appointed Andrew Green as technical director, the Formula One team said on Friday.
Adrian Sutil brought Force India back among points after finishing eighth in the action-packed Singapore Grand Prix, the only night race on the Formula One Calender, in Singapore on Sunday.
Britain's Paul di Resta, the cousin of IndyCar champion Dario Franchitti, will test for Force India in Spain next week along with young American J R Hildebrand, the Formula One team said on Tuesday.
Formula One team Force India has been slapped with a heavy euro 1,074,730 fine by the Queen's Bench Division in the High Court of Justice in London over a fee dispute with Italian company Aerolab.
Former Honda executive Otmar Szafnauer will replace Simon Roberts as Force India's chief operating officer from the end of the Formula One season, the team said on Wednesday. Roberts, who had been in charge of the day to day running of the team, had been on secondment from McLaren as part of a cooperation agreement and will continue in his position until November 2.
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Indian Formula One team Sahara Force India will pay tribute to cricketing legend Sachin Tendulkar via a hashtag #masterblaster which has been placed on the nose of their racing cars at the upcoming Indian GP.
Force India's point-scoring spree continued unabated as Adrian Sutil drove a flawless race, keeping 2008 world champion Lewis Hamilton at bay, for a fifth place finish to earn 10 invaluable points from Sunday's Malaysian Grand Prix.
Force India have put on hold the new KERS system they had planned to introduce at this weekend's Spanish Grand Prix, team owner Vijay Mallya said on Tuesday. The optional kinetic energy recovery system offers drivers a power boost at the push of a button but only a handful of Formula One teams have used it so far this season.
Caterham (formerly Team Lotus), its Chief Technology Officer Mike Gascoyne and Aerolab have been found liable for copyright infringement and using confidential information of Formula One team Force India at the London High Court.
Michael Schumacher advised brother Ralf that it might be time to retire from F1 rather than crawl in an uncompetitive car.
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