The 39-year-old German will test Ferrari's 2008 car in Spain next week along with reigning F1 champion Kimi Raikkonen.
Lewis Hamilton will have to pay $335,700 for his licence to race in Formula One in 2008.
With no real chance of an immediate return to Formula One's hallowed track in sight, Narain Karthikeyan has committed himself to A1 GP for the next season.
Felipe Massa was fastest for Ferrari Friday as Formula One's oldest team set the pace at the sport's newest circuit in practice for the inaugural Indian Grand Prix. If the morning was a tale of Indian pride, stray dogs and Englishman Lewis Hamilton collecting a three place grid penalty for ignoring warning flags after setting the quickest lap, the afternoon ended a red letter day with a red car on top.
Raking up Kashmir, Pakistan Prime Minister Nawaz Sharif on Wednesday said the non-resolution of the issue reflected failure of the UN and proposed a 4-point "peace initiative" which includes demilitarisation of Kashmir and unconditional withdrawal of forces from Siachen.
It was Formula One's own version of the ugly duckling maturing into a graceful swan as Force India shed its backmarker's tag to rub shoulders with the F1 bigwigs in what was nothing less then a heady fairytale season for the Silverstone-based outfit.
Indian-born Monisha Kaltenborn became Formula One's first female team principal on Thursday after taking the helm at Sauber from founder Peter Sauber with immediate effect.
Narain lost out on a Formula One drive with Midland next season because of his management, says team boss Colin Kolles.
Former world champions Fernando Alonso and Jenson Button are among six drivers hit with a plethora of penalties on the grid for Sunday's Italian Grand Prix at Monza.
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.
Lewis Hamilton avoided mayhem around him to open the F1 season with a pole-to-flag victory in a crash-strewn Australian Grand Prix.
Luka Chuppi is as much about live-in as Dilwale Dulhania Le Jayenge was about pigeons.
With the Telecom Regulatory Authority of India (Trai) refusing to reserve 900-MHz spectrum for incumbent telcos, asking them to vacate the quantity held and win back through bidding, GSM operators, led by the Cellular Operators Association of India (COAI), have decided to propose a compromise formula.
A selection of Formula One cars and memorabilia will be auctioned off at the airport over a six-week period from February 19.
'I take one day at a time. I just want to give my best and stay in the present. I do not like to sit on the past glory or think far ahead. For this year, major competitions are done so the focus is on Paris Paralympics and winning more medals for the country.'
Red Bull's Sebastian Vettel completed a practice hat-trick on Saturday with the fastest time in a smog-shortened final session before qualifying for a race expected to bring him a fourth successive Formula One title.
Karun Chandhok believes both he and Narain Karthikeyan have taken different routes, which probably converge at Formula One.
'He only promotes those leaders who will never show any resistance to him in future.'
With empty stands greeting the Indian F1 Grand Prix during the first two practice session, Raja Sen begs the organisers to open the gates and bring in the junta. 'At least, Formula One will feel compelled to bring its mega budget circus back to India at the soonest'.
The Nuerburgring circuit will not host the German Formula One Grand Prix this year, an official for the company said on Thursday after Hockenheim also ruled out the possibility.
The Indian ace completed the distance he needed for a Formula One super licence.
The France-Austria-Britain sequence of races poses a fresh logistical challenge for teams hitherto committed only to back-to-back weekends, with the 21-round season hurrying to the halfway point.
Children born under the Special Marriage Act have equal rights over both parents' properties, regardless of their parents' religion or background.
The top court said despite the increasing trend of filing divorce proceedings in courts, the institution of marriage is still considered to be a pious, spiritual and invaluable emotional life-net between couples in the Indian society.
The bank guarantee, which will be equivalent to the incremental revenue that RIL will get from the new gas price, will be encashed if it is proved that the company hoarded gas or deliberately suppressed production at the main D1&D3 fields in the eastern offshore KG-D6 block since 2010-11.
The F1 supremo told US Grand Prix organisers that he could take the race elsewhere if he cannot agree a new deal with Indianapolis.
Amid dwindling spectator count and mounting administrative hassles, the Formula One carnival is all set to hit the national capital this Sunday with the third Indian Grand Prix, which faces an uncertain future after being pulled off next year's motorsport calendar.
We will play in India if India plays in Pakistan. But if India doesn't play in Pakistan, why should we play in India? So my solution was, let India vs Pakistan matches be played at neutral venue. That's all. You can't have your cake and eat it too, says PCB chief Najam Sethi.
We need to make sensible choices that are in the long-term interest of Indian cricket -- and the game itself, suggests Indrajit Gupta.
'I am ready pleased with the new car and it feels much better. It already gives more grip than the last year,' says Force India driver Adrian Sutil.
The administration was triggered by Force India's Mexican driver Sergio Perez, supported by engine provider Mercedes and team sponsor BWT who were also owed money by a team struggling financially.
Ferrari's Sebastian Vettel won an incident-packed Singapore Formula One Grand Prix on Sunday after world champion Lewis Hamilton retired early for the first time this season and an intruder set heart rates fluttering when he strolled on to the track.
Veteran cricketer Sachin Tendulkar, who waved the chequered flag at the inaugural Indian Grand Prix, will miss the second edition of the Formula One race.
Summary of sports events and persons who made news on Monday
The upgrades brought for the weekend helped the team significantly in the 66-lap race after Perez and Ocon had qualified eighth and 10th in the qualifying.
"He has a lot more people watching him so he knows what it's like. He told me just to concentrate on the job," said the Indian driver.
Rajyavardhan Singh Rathore conveyed his good wishes to Narain Karthikeyan for his maiden Grand Prix in Melbourne.
Sebastian Vettel trimmed Lewis Hamilton's Formula One lead to 17 points with eight races remaining.
