Exporters on Thursday sought a fund of Rs 750 crore for three years to tap USD 25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods. In its pre-Budget meeting with the finance ministry, Federation of Indian Export Organisations (FIEO) President Ashwani Kumar has also demanded extension of the five per cent Interest Equalisation Scheme (IES).
The Korean Formula One Grand Prix has been formally dropped from the 2015 calendar after its surprise inclusion last month for contractual reasons.
International Monetary Fund (IMF) Deputy Managing Director (MD) Gita Gopinath has condemned the "terrible and disturbing" incident of rape and murder of a trainee doctor in Kolkata. "Personally, it is terrible to have any event of this kind. It is disturbing," she told Business Standard in New Delhi.
The FIA expected its investigation to take six to eight weeks. It will look at all safety devices, how the safety barrier performed and the role of track marshals and medical intervention team.
Marussia expressed shock and anger on Wednesday at media allegations that French driver Jules Bianchi had ignored warning flags and been told to go faster by the Formula One team before he crashed and suffered critical head injuries in Japan.
Why is Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, not worried about the competition?
South Korea's Formula One grand prix has been reinstated provisionally on a record 21-race calendar for 2015 while double points have been scrapped for the final round in Abu Dhabi, the sport's governing body said on Wednesday.
Six time world champion Lewis Hamilton enjoys a 30-point lead in the championship after four races and is set to equal Schumacher's seven crowns.
The International Automobile Federation (FIA) is in no danger of suffering the sort of corruption scandal currently engulfing world soccer governing body FIFA, its president Jean Todt said on Saturday.
The Shanghai weather all but wiped out the first two practice sessions for the Chinese Formula One Grand Prix on Friday with poor visibility in the city forcing the grounding of the medical support helicopter.
Formula One's governing body is to investigate an incident that saw cars cleared to race while a marshal was still on track following a Singapore Grand Prix safety car period on Sunday.
Mahindra & Mahindra chairman emeritus Keshub Mahindra passed away this morning in Mumbai due to old age. Mahindra, 99, breathed his last this morning at home peacefully, said a person close to the family. After joining the company in 1947, he became the chairman in 1963.
Formula One champions Red Bull have changed their split-second pitstop procedures after a rear wheel flew off Mark Webber's car in the pitlane in Germany last weekend and injured a television cameraman.
Formula One approved changes to its power unit penalty system with immediate effect on Friday and also tweaked super-licence rules for 2016 to give more drivers a chance to enter the sport from other series.
Fernando Alonso passed a final medical examination on Thursday and will be able to participate in the Malaysian Grand Prix this weekend after the Spaniard missed the Formula One season-opener in Australia due to concussion.
French driver Jules Bianchi was taken to hospital after being seriously injured in a crash that brought a halt to a wet Japanese Formula One Grand Prix on Sunday.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
Sole supplier Pirelli has warned that it could walk away from Formula One after the current season if the sport fails to ratify tyre testing plans by close of play on Monday.
McLaren driver Fernando Alonso has been cleared to race in Sunday's Formula One Chinese Grand Prix after undergoing further medical tests at the Shanghai circuit following the opening practice session on Friday.
"The FIA will further examine the causes of the incident in order to evaluate whether further action is necessary," it announced in a statement.
Formula One's 10 teams will be limited to a maximum 80 people each at races held without spectators when the delayed season gets going in July. Formula One is hoping to start racing behind closed doors in Austria in early July, followed by a number of races in similar conditions elsewhere in Europe.
The proposed return of refuelling to Formula One in 2017 will only happen if it is affordable, according to Mercedes motorsport head Toto Wolff.
The battle for the top spot in the two-wheeler market is intensifying. The gap between Hero MotoCorp and Honda Motorcycle & Scooter India (HMSI) in retail sales narrowed to just 45,607 units in June. This improvement comes as HMSI has clawed back market share after dipping to a historic low of 18 per cent in May 2023. Now, the retail market shares of the two companies are 28.86 per cent and 25.54 per cent, respectively, compared to 35.54 per cent and 18.05 per cent in May 2023.
Thousands of workers of every description -- from journalists to steel workers, from painters to New York cops, from auto to engineering workers -- marched for two hours down 5th Avenue one of Manhattan's most iconic thoroughfares, reports Jyoti Punwani.
Formula One qualifying will be halted under "double-yellow" conditions starting during this weekend's German Grand Prix in a tightening of rules aimed at avoiding a repeat of the controversy surrounding Nico Rosberg's pole in Hungary.
The family of the late French Formula One driver Jules Bianchi are planning legal action against the sport's governing body, his former Marussia team and Bernie Ecclestone's Formula One Group, they said in a statement on Thursday.
Doubts about Force India being able to race at Spa, the first Grand Prix since the August break, emerged on Wednesday with reports of legal complications.
Retired seven-time Formula One world champion Michael Schumacher was in 'critical' condition with head injuries after an off-piste skiing accident in the French Alps resort of Meribel, his agent said on Sunday.
Formula One's governing body is planning to tighten the rules on telemetry next season to limit the amount of remote assistance drivers can get from their data engineers.
The father of French Formula One driver Jules Bianchi says he is "less optimistic" that his son will recover from the severe head injuries he suffered in a Japanese Grand Prix crash last October.
Formula One teams have been warned against making 'dummy' pitstops after Mercedes' failed attempt to fool Williams.
Formula One got back on track in changed circumstances on Friday but with Mercedes bringing a familiar look to the timing sheets as six times World champion Lewis Hamilton led team mate Valtteri Bottas one-two in Austrian Grand Prix free practice. The Briton did 41 laps and lapped with a best time of one minute 04.816 seconds in a damp and overcast session, 0.356 faster than the Finn.
More Formula One teams could follow Caterham and Marussia into administration or failure, the former head of the sport's governing body Max Mosley warned on Monday.
Aseel Al-Hamad declared the start of a new era for Saudi women in motorsport on Sunday as she prepared to drive a Formula One car around the French Grand Prix circuit in front of thousands of fans.
Formula One world champion Lewis Hamilton was quickest for Mercedes in a rainswept final US Grand Prix practice session on Saturday that was held behind closed doors due to the weather conditions.
Formula One's governing body ordered an immediate clampdown on access to the pit lane on Tuesday after a television cameraman was struck and injured by a bouncing wheel at last weekend's German Grand Prix.
From toys, footwear and furniture to insulated flasks, smart meters, and air coolers - the Central government over the last decade has mandated higher standards for production and imports of such items. Sample this: Till 2014, there were 14 Quality Control Orders (QCOs) covering 106 products. By the latest count, there are 156 QCOs on 672 products.
McLaren's Fernando Alonso has been ruled out of Sunday's Bahrain Formula One Grand Prix on medical grounds following his huge crash in the Australian season-opener on March 20. The governing International Automobile Federation (FIA) said in a statement that the decision had been taken after a medical examination at the Sakhir circuit on Thursday. "Two sets of chest CT scans were compared and it was decided that there was insufficient resolution of the signs to allow him to compete on safety grounds," the statement said.
Dutch rookie Max Verstappen, signed controversially as a 16-year-old by Toro Rosso, has swept a hat-trick of awards after confounding his critics in an impressive debut Formula One season.
Formula One will revert to its 2015 qualifying format at next week's Chinese Grand Prix in Shanghai and for the remainder of the season, the governing FIA said in a statement on Thursday after backing down in the face of opposition from teams.
