Formula One faces its biggest shake-up in decades with the announcement on Wednesday that US cable TV mogul John Malone's Liberty Media has agreed to take control of the cash-generating glamour sport.
F1 CEO and chairman Chase Carey reiterated that Asia is a "tremendously" important region for the sport and India figures in their scheme of things for the future, if not now, with the calendar already packed till next year.
The country's largest telecom operator Bharti airtel joined hands with the Formula One Group Companies to become title sponsor of the Indian leg of the race series, scheduled on October 30. The race in India, which will be the 17th in the Formula One World Championship, will be called the 'Airtel Grand Prix of India', following the telecom major's tie-up with the Formula One Group Companies.
'For us, it's not always about chasing revenue. It's about sustaining happiness and energy, because that's what drives long-term growth.'
'The choice is clear: We either embrace this transformation and cement our global leadership, or hesitate, lose ground, and fade into irrelevance.'
Credit rating agency Moody's changed Formula One's outlook to negative from positive on Thursday to reflect the impact of the coronavirus crisis on a global sport that has yet to race in 2020.
While 36-year-old Nadal defies age with his gritty wins amidst a barrage of injuries, 47-year-old Beckham is ageing like fine wine.
Formula One supremo Bernie Ecclestone on Thursday gave a thumbs up to the preparations for the inaugural Indian Grand Prix on October 30 but said that the organisers need to put in extra effort to generate interest for the race in the cricket-crazy nation.
F1 chief executive Chase Carey was speaking after the sport published an eight-race initial calendar with the season starting in Austria on July 5.
Austria to stay on Formula One calendar until 2027.
Liberty Media president and CEO Greg Maffei told analysts on a conference call that the move was the most efficient way of putting cash into the business, with Formula One getting a net cash payment of $1.4 billion.
'When I started to step into the West in 2006, I believed India was not going to be the back end.' 'I understood that no film-maker wants to believe that they are outsourcing their creativity to a low-end place.' 'The application of technology in the hands of our Indian artistes is identical to any of our artists in the West.' 'Nobody in the world can say this shot was done in India and that in London.'
One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.
The Renault Formula One team will be renamed Alpine F1 from 2021, competing in French colours to showcase the carmaker's sportscar brand, new company CEO Luca de Meo announced on Sunday.
Bernie Ecclestone risks losing his decades-old grip on Formula One motor racing this year, when legal action stemming from the sale of a stake in the sport eight years ago reaches a climax.
The Indian Grand Prix trophy was unveiled at Buddh International Circuit on Friday.
Like their international peers, Indian CEOs too have a significant portion of their incomes coming from stock options and performance-linked bonuses
International Cricket Council Chief Executive Manu Sawhney has been sent on 'leave' after his conduct came under the scanner during an internal investigation by audit firm PricewaterhouseCoopers and may resign before his term ends.
Each bottle of pickle that leaves FarmDidi, headed to a consumer, has a little kahani behind it -- it's linked to the tale of a life, the life of a simple, striving village woman who created it, and that's what gives Manjari Sharma satisfaction and happiness.
MotoGP, the pinnacle of two-wheel racing, could come to India in the winter of 2023 if all goes ahead as planned, providing a massive boost to the stagnant motorsport scene in the country.
Formula One managing director Ross Brawn this week outlined plans for going back to racing, with health checks and isolation in the paddock, and believed the sport could provide a safe environment.
Formula One boss Bernie Ecclestone will stand trial on bribery charges in Munich, according to a statement from a German court.
Vinod Kumar, Tata Communication CEO has amazing business strategies to enhance topline.
'Set aside around six months' monthly expenses for emergencies.' 'Keep this money in safe and liquid options, such as liquid funds and fixed deposits.'
AirAsia founder Tony Fernandes began talks with bankers to take Asia's number one budget airline private after a plunge in its stock price put $200 million worth of loans borrowed against AirAsia's shares at risk.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
"I am a corporate story teller. I write stories that people can relate to," says Partha Basu, author of Mid-Career Crisis...why some sail through and others don't, in which he charts out a plan to tackle mid-career crisis and offers insights into how you can achieve success in your career.
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
A definitive guide to the movers and shakers who sit at the helm of the Asian sports boom.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health insurance related queries.
'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.
'A heavy tanker takes time to move, but when it starts rolling, it's difficult to stop it,' Indian Hotels CEO Puneet Chhatwal tells Shyamal Majumdar.
John Bogle figured that cheap mutual funds, which just mirrored indices with little tracking error, would be a useful vehicle for wealth creation, recalls Devangshu Datta.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Market regulator also announces measures for mutual funds sector.
'Somewhere along the way, elected office-bearers appeared to have lost sight of the interest of cricket and begun to pursue their own interpretation of what the game should be.' 'Families made it a tradition to have their representatives occupy, if not usurp, positions in state associations,' points out Vinod Rai, who will step down as head of the BCCI's Committee of Administrators on Wednesday, October 23.
'The UPA was the gang that couldn't shoot straight. The NDA is the gang that can't stop shooting. They (the Modi government) are shooting at anybody, everybody, all directions, shooting themselves in the foot.'
Persistence is the name of the game, says Vineet Bajpai.
.jpg)
New York Stock Exchange President 38-year-old Tom Farley (ranked 7) and Twitter co-founder and CEO 37-year-old Jack Dorsey.
Take a moment to consider ways to improve your finances.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances