They said creditors would be paid in full and all 405 jobs at the Silverstone-based team, that was co-owned by embattled Indian businessman Vijay Mallya and finished fourth last year, were safe.
Karun Chandhok set the Silverstone track on fire with a sensational third-place finish in the GP2 feature race after starting 10th on the grid in his iSport International car.
From enjoying the latest Hollywood blockbuster to having a nice body massage in a well equipped spa, railways are planning to introduce a slew of facilities in luxury trains.
Fernando Alonso hopes to extend his Ferrari contract beyond the end of 2016 and reckons he could have 10 more years of racing in Formula One.
High-end business and leisure travelers are demanding superluxury, and hotels around the world are responding.
The Italy-based global transportation major, Piaggio & C Spa, will pump in euro 60-65 million over the next two to three years to set up a diesel engine manufacturing facility near Pune.
The ace driver received a call up from the Red Bull Racing Formula One team to test for them in Barcelona next week.
A range of new luxury cars were unveiled at the Geneva International Motor show.
Mukesh Ambani-controlled Reliance Retail is planning a second-hand car market venture on the lines of Maruti's True Value and Mahindra's Automart.
Italian sports car maker Lamborghini on Thursday said it will soon launch its latest model Gallardo Superleggera in the Indian market, with a price tag of at least Rs 2.2 crore
Force India's Paul di Resta's race ended prematurely due to a collision while Adrian Sutil finished ninth in the Belgian Grand Prix as Sahara Force India lost its fifth place to McLaren in Spa on Sunday.
Life for him has come full circle, the paper said - from dire poverty in India to the life style of rich in America and back to his native village where he has traded his Mercedes for a bicycle.
Bonino told Business Standard that the Italian delegation, which included almost 400 top Italian CEOs, was extremely bullish on enhancing business ties with India.
'Tanhaji has so much fun recreating a bygone legend and fictionalising history, authenticity and spellings, it gets infectious,' feels Sukanya Verma.
Kanchana Banerjee found that the benefits of detox therapies far outweigh the temporary discomfort.
Fourth seed Novak Djokovic's Wimbledon preparations were thrown off course on Friday when he was upstaged by Arnaud Clement in the third round at Queen's.
Government has approved 25 foreign direct investment proposals, including those of Citicorp International Finance and Suzuki Motor Corporation that will bring in Rs 145.12 crore (Rs 1.45 billion) into the country.
Tiger Woods, despite uncharacteristically missing several short putts, held off a late challenge by playing partner Brett Wetterich to win his third successive WGC-CA Championship by two shots on Sunday.
Taj will manage the hotel for 10 years after its commissioning in 2009.\n
Continuing its expansion in Europe, Ranbaxy Laboratories Ltd on Tuesday said it has entered into the Italian pharmaceutical market with the launch of a wholly owned subsidiary, Ranbaxy Italia SPA, in Milan.\n\n
The Formula One calendar will be trimmed to 17 Grands Prix next year with Germany and Italy each losing one of their two races.
Kinetic Motor is planning to export its recently launched Blaze range of motoscooters to Japan.
Michael Schumacher's son Mick has followed in his father's footsteps by signing a contract with Ferrari to join the Formula One team's young driver academy. The 19-year-old German, whose father won five of his record seven championships with the Italian team, will be competing in Formula Two this year after winning the European F3 title in 2018.
The Indian driver registered his first victory in the GP2 series in the second race at Belgium.
The new decree provides for the eventuality of the king and the crown prince becoming ill or dying at the same time. \n\nThis precautionary measure is due to the fact that all the sons of the founder of the Saudi state King Abdulaziz Al Saud are old.
India has maintained it is against any third party mediation to resolve all differences, including on Jammu and Kashmir, with Pakistan.
Wimbledon champion Venus Williams will get back into serious action on Saturday when she plays the second singles rubber against Nadia Petrova, in the Fed Cup semi-final.
The race, scheduled for September 17, has been cancelled this year to allow the Spa track to be improved, Formula One's ruling body said.
Tata Motors on Friday announced its partnership with Italy-based Fiat Auto Spa.
Indian Oil Corporation, the nation's largest refiner, has lost out in the race for acquiring French company Maurel & Prom's stake in oilfields in Congo.
