The investment is led by Brazilian group OutField, an international consortium co-founded by Pedro Olivera, and includes Georgios Frangulis, CEO of global health-food brand OakBerry.
With eight points on offer to the winner of Saturday's 100km race, he and Norris -- 22 points behind Piastri -- both have a good chance to reduce the gap to the Australian who was three tenths slower than his teammate.
Kush Maini created history as he became the first Indian driver in Formula 1 since 2012.
Naveen Pulligilla and Musa Sherif are set to create history as the first Indian pairing to compete in the World Rally Championships.
Former FMSCI chief Vicky Chandhok on Monday severely criticised the governing body's current regime.
From Grand Slam champions to Olympic gold medalists, some of the world's most iconic athletes brought their signature style to the steps of the Metropolitan Museum of Art in New York City.
Rediff.com gives you a glimpse of the fatal accidents that have killed motoracing heroes in the recent past.
Hamilton, 40, is getting in some laps behind closed doors with teammate Charles Leclerc under rules that allow a limited amount of track mileage in older F1 cars.
Lack of infrastructure and racing culture among the Indians have resulted in motorsports not being able to grow as quickly as it could have in the country, feels racing enthusiast and businessman Gautam Singhania.
Born in Paris to Algerian scientist parents and competing with a French licence, the Racing Bulls driver stands out at the top level of the sport for his North African heritage as well as results.
Motorsport is set to receive a touch of Hollywood glamour with former Baywatch star Pamela Anderson becoming part owner of a sports car racing team.
A General Motors-backed Cadillac entry will become Formula One's 11th team next year after securing formal approval from the commercial rights holders and governing FIA on Friday.
Formula One may have to wait a decade for a return to screaming V10 or V8 engines and jettisoning the next generation V6 due to be introduced next year is simply not feasible, according to F1's former chief technical officer Pat Symonds.
Reaction to the death of three-times Formula One champion Niki Lauda, who died on Monday at the age of 70
Aishwarya Pissay became the first Indian to claim a world title in motorsports, annexing the FIM World Cup in the women's category after the final round of the championship.
Hamilton told reporters at pre-season testing in Bahrain that he had yet to broach the subject of 'Hammer Time' with race engineer Adami.
Akhilesh Reddy, Chairman and Managing Director of Racing Promotions Pvt Ltd (RPPL), welcomed Ganguly to the racing fold.
Rwandan President Paul Kagame joined Max Verstappen on stage when the Red Bull driver collected the F1 champion's trophy for the fourth year in a row.
India could finally have a driver on the F1 grid after 13 long years.
Umar Ganie captures glimpses of Srinagar's first-ever Formula 4 race!
'The favourable rupee-dollar exchange rate, there are opportunities we can tap.'
Ducati would like to develop a motorbike racetrack on the lines of the Buddh International Circuit.
Dutch teenager Dilano van't Hoff died in an accident during a wet Formula Regional European Championship race at Belgium's Spa-Francorchamps circuit.
According to reports, the Formula Regional Championship is believed to be a bridge between F4 and F3.
The ISRL Pune event was more than just a race; it was a glimpse into the future of Indian motorsports.
Formula One and the wider world of motorsport mourned the death of young Frenchman Jules Bianchi on Saturday.
Indian driver Kush Maini on Sunday survived a horrifying crash after he stalled at the start of the feature race in Formula 2, a support race to Formula 1.
The 11th edition of the Mercedes-Benz Classic Car Rally in Mumbai on Sunday featured headturners that left the audience gasping in awe. Rajesh Alva/Rediff.com presents a ringside view.
Ahmedabad's Andh Kanya Prakash Gruh is creating beautiful diyas for Diwali.
The Olympic table tennis tournament will take place at the Paris Expo Porte de Versailles from July 27 to August 10.
If Fernando Alonso were to beat the odds and win the Indianapolis 500 on May 28, the double Formula One world champion will be one step away from the 'Triple Crown of Motorsport'.
Copparam Shreyas Hareesh, a 13-year-old prodigy from Bengaluru, succumbed to injuries that he had suffered following a crash in the third round of the MRF MMSC FMSCI Indian National Motorcycle Racing Championship.
India are hosting a motorsport event of this magnitude for the first time since the 2013 Formula 1 Indian Grand Prix, which was dropped from the calendar due to financial, taxation and bureaucratic issues.
Chess great Magnus Carlsen is launching a world Freestyle Chess tour as the variant of the game, also known as Chess960, is gaining in popularity, the world number one announced on Friday.
Red Bull's triple World champion Max Verstappen claimed pole position on Saturday for the Miami Grand Prix, to start from the front of the grid for the sixth straight race this season.
The National Anti-Doping Agency's appeals' panel has exonerated middle-distance runner Shalu Chaudhary of doping charges and lifted her four-year ban after DNA testing revealed that her urine sample had either been tampered with or contaminated at the time of collection.
Jehan Daruvala swept to a double podium finish in the Saudi Arabian round of the Formula 2 Championship, in Jeddah, on Monday.
Red Bull have won 20 of the 21 races so far, another F1 record, and Verstappen has won in Abu Dhabi for the past three years. Both titles have already been clinched.
It is doubtful there has been a more popular winner of a Formula One race in recent years than McLaren's Lando Norris, who was celebrated by everyone from Max Verstappen to Donald Trump following his victory at the Miami Grand Prix on Sunday.
