Force India has been re-named Sahara Force India after the Sahara Group bought stake in the Vijay Mallya-owned Formula One team. As per the agreement between the parties, Sahara Group and Mallya's UB Group will have 42.5 percent stake each in the team.
Force India's co-owner Vijay Mallya has rubbished speculation that he is planning to sell his stake in the Formula One team to Sahara India.
Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
The Sahara Group has sought Supreme Court's permission to sell its shares in the Force India Formula 1 team as part of its effort to raise funds for the release of conglomerate's jailed chief Subrata Roy.
Sahara Force India claimed a historic fourth place finish, their best ever show, in the Formula One Championships this season after Nico Hulkenberg and Sergio Perez finished seventh and eighth respectively at the season-closing Abu Dhabi Grand Prix in Abu Dhabi on Sunday.
Force India, co-owned by Vijay Mallya, is set to sell a minority stake in the Formula One team to Sahara Group, which also sponsors the national cricket team, a source with knowledge of the deal told Reuters on Wednesday.
India Inc on Sunday hailed the Union Budget 2026-27 as a 'structural shift' in the country's technology landscape, noting that the government is moving beyond fragmented pilots to build foundational layers where AI serves as a 'horizontal enabler' for the entire economy.
Force India boss Vijay Mallya says his partnership with the Formula 1 team's co-owner Subrata Roy stands strong despite the Sahara Group chief being in jail since March 2014.
Britain's Paul di Resta and Germany's Nico Hulkenberg will race for Sahara Force India next season, the Formula One team said on Friday. Hulkenberg will replace compatriot Adrian Sutil at the Silverstone-based team.
Sahara Force India has conceded that sixth place is out of their reach with just two races left in the season as the side prepares for the US Grand Prix, which is making a Formula One comeback after five years.
The team, who became Force India in 2008 after Indian beer baron Vijay Mallya bought Spyker F1, were taken over in August by Canadian billionaire Lawrence Stroll after going into administration.
The new livery brings a fresh trackside image for the team with the introduction of black alongside the traditional colours of saffron, white and green.
Force India did not say who the other driver would be, but that is assumed to be Canadian Lance Stroll whose billionaire father Lawrence heads a consortium that now controls the Silverstone-based outfit.
Force India co-owner Vijay Mallya has rejected speculation about his Formula One team's finances, saying they will be racing for years to come.
Force India will have a 50 million pound boost to help them move up the Formula One grid after a strong performance this year, the team's co-owner Vijay Mallya announced.
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.
Force India collected one of Formula One's stranger sanctions on Sunday when they were given a suspended 25,000-euro ($27,317.50) fine for a breach of the rules concerning driver numbers on their cars.
Force India F1 team rule out name change this year
By virtue of this show, Sahara Force India collected six points from the race and consolidate its fourth position at the Constructor's standings with 101 points.
Team co-owner Vijay Mallya said in a statement on Tuesday that the deal, which will make the cars stand out at the Australian season-opener next week, is one of the most significant partnerships in Force India's 10-year history.
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.
The two teams said they had been reassured by Formula One's approach under chairman Chase Carey and his new management team, who had "brought a new culture of transparency to the sport".
Adrian Sutil says he is not desperate for a drive with Sahara Force India and if the team needs him they should approach him with an offer.
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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 conceded fourth place to Williams in the team standings despite Sergio Perez and Nico Hulkenberg securing a doubles points finish in the Formula 1 Italian Grand Prix in Monza on Sunday.
Sahara Force India recorded their best finish of the season with Paul di Resta and Nico Hulkenberg securing seventh and eighth position respectively at the Monaco Grand Prix in Monaco on Sunday.
Troubled business tycoon Vijay Mallya, on Sunday, asserted that his stepping down as chairman of the United Spirits Ltd will not affect his control in Formula One team, Sahara Force India.
The Indian businessman, who has a 42.5 percent stake, said there was a possibility of main sponsor BWT getting more involved and changing the team's name.
Hungarian Grand Prix qualifying turned sour for Sahara Force India drivers. Nothing worked for the team and drivers Adrian Sutil and Paul Di Resta had to settle for 11th and 18th positions in Budapest on Saturday.
Germany's Nico Hulkenberg will continue to race for the Force India next season, the Formula One team said on Monday.
Venezuelan driver Johnny Cecotto Junior will test for Sahara Force India at the upcoming young driver test in Abu Dhabi next week, completing the team's line-up alongside Max Chilton of England.
Sahara Group chief Subrata Roy passed away on Tuesday due to a cardiorespiratory arrest after a prolonged illness, a company statement said. He was 75. He was 75. According to the company statement, he passed away at 10.30 pm due to cardio-respiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes.
Mexican Sergio Perez will stay at Force India next year for a fourth straight season, the Silverstone-based Formula One team announced after Sunday's Malaysian Grand Prix.
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.
Second-tier Formula One teams Sauber and Force India lodged official complaints with the EU's competition regulator, alleging that the sport's governing body mismanages prize money.
Sahara Force India enjoyed its second successive double points finish with Nico Hulkenberg finishing seventh and Sergio Perez ninth at their home race, British Grand Prix in Silverstone.
Sahara Force India had a busy day on the track, checking out aero balance and tyre compounds on the third and final day of the mid-season testing in Mugello, Italy on Thursday.
It isn't easy for a girl from Gopal Nagar to chase a dream. But Pinky was extremely determined. A force unto herself, she was going to go places. Literally. Till it abruptly ended one morning on the tarmac at Baramati airport.
Force India's 2015 Formula One car will not make its track debut until the third and final pre-season test in Barcelona some two weeks before the first race in Australia, the team said on Friday.
Nico Hulkenberg will leave Sahara Force India and join fast-growing Sauber for the 2013 season, the media reports claimed in Yeongam.
