FIA
Russia, US extend Diwali wishes to people in India
"Warm Diwali greetings to all our dear friends in India. light never diminishes by sharing; rather, it only increases. I believe that this very spirit of mutual respect, goodwill, and trust will continue to strengthen the friendship between India and Russia. May this auspicious festival of Diwali bring new hope, happiness, peace, and prosperity into your lives. Happy Diwali to you all," he said.
Ailing Kimi Antonelli nears F1 title in Mexico as he aims to become youngest champion
Mercedes driver Kimi Antonelli finished second and fourth in Friday's practice sessions for the Mexico City Grand Prix, despite recovering from a viral infection. The 20-year-old can become Formula 1's youngest-ever world champion on Sunday, while Ferrari's Charles Leclerc topped both sessions. Hamilton faced car trouble, and Verstappen and Lawson received grid penalties.
F1's India comeback is gathering speed, but the road to the starting grid is far from clear
Formula 1’s return to Africa has revived hopes of an Indian Grand Prix comeback, with talks involving Formula One Management, the Adani Group and the government gaining momentum. The bigger challenge is not convincing F1 of India’s market potential but fixing the tax, customs and policy problems that drove the race out in 2013, while finding space on an already crowded calendar.
As momentum builds for F1's India return, Pranav Adani makes ''personal'' visit to Singapore GP
Pranav Adani visited the Singapore Grand Prix in a personal capacity, attracting attention for India's Formula 1 prospects. The Adani Group has acquired Jaypee Group's assets, including the Buddh International Circuit, which previously hosted races. Karan Adani has expressed interest in reviving Formula 1 in India, with government support evident in task force formation. Significant financial and logistical challenges must be addressed for the return of the sport to India.
Indian prodigy Atiqa Mir joins Kart Republic, a launchpad for F1 stars
Atiqa Mir has joined the Kart Republic team mid-season, enhancing her promising career in karting. She aims to excel in the OKJ category by competing with top drivers worldwide. Dino Chiesa, the team's owner, praised her raw speed and significant potential for success. Previously, she achieved notable results, including qualifying for pole position in a competitive series.
Government asks Adani Airports to defer partial shifting of Mumbai airport's international operations
The civil aviation ministry requested Adani Airport Holdings Ltd to postpone the planned flight transition to Navi Mumbai. Airlines have opposed the proposed reduction of international flights to this new airport. Civil Aviation Secretary Samir Kumar Sinha chaired a meeting to discuss the transition plan with various stakeholders. Subsequent discussions between airlines and Adani Airports are scheduled to take place on October 13 and October 20.
Govt may consider ATF price stabilisation fund for airlines amid soaring fuel costs
Amid increasing jet fuel prices, the Indian government is exploring options to stabilize aviation turbine fuel costs. The discussions involve airlines and oil marketing companies due to the impact of geopolitical tensions. Recently, IndiGo announced a rise in fuel surcharges for their flights resulting from volatile ATF pricing. The Federation of Indian Airlines requested a review of the jet fuel pricing formula to alleviate financial pressure.
Federation of Indian Airlines seeks review of existing ATF pricing formula
The Federation of Indian Airlines highlighted the significant impact of rising jet fuel costs on airline operations. They emphasized that current pricing formulas are insufficient due to ongoing geopolitical issues and currency fluctuations. The FIA requested a shift to a 'Cost Plus' pricing model for Aviation Turbine Fuel. They also noted the need for government support to maintain affordable air travel for passengers.
Federation of Indian Airlines seeks Centre's intervention for faster release of ECLGS 5.0 funds
Indian airlines have requested the Civil Aviation Ministry's assistance in securing timely credit disbursements under ECLGS 5.0. The Federation of Indian Airlines aims to alleviate the severe financial strain caused by rising fuel costs and other factors. ECLGS 5.0 provides significant financial relief to eligible airlines impacted by current global disruptions. The scheme is designed to support airlines through short-term liquidity challenges during the ongoing crisis.
Kataline files DRHP for IPO; plans 43 lakh fresh issue, OFS
Kataline Limited, an integrated traffic safety solutions provider, has submitted a Draft Red Herring Prospectus to SEBI. The proposed IPO includes a fresh issue and an offer for sale by promoter shareholders. Kataline aims to raise funds for working capital, facility upgrades, and equipment purchases. The company has shown significant revenue growth and has completed over 60 major projects across diverse sectors.
George Russell edges Max Verstappen in Baku thriller
George Russell secured a thrilling victory at the Azerbaijan Grand Prix by narrowly beating Max Verstappen on the final lap. This win reduced Kimi Antonelli's lead in the standings from 81 to 66 points after a challenging race. Antonelli managed to finish fifth despite starting from 16th position, benefiting from incidents involving other drivers. Verstappen's strong performance continued as he sought to regain his winning form this season.
Formula 1: Red Bull extends Isack Hadjar's contract through 2027; promoted to drive alongside Verstappen
Red Bull announced on Wednesday the extension of Formula 1 star Isack Hadjar's contract throught the 2027 F1 season. Hadjar was promoted to the main Red Bull team this year to drive alongside four-time world champion Max Verstappen, replacing Yuki Tsunoda. Before the injury, Hadjar had reeled off seven consecutive top-six finishes, including a podium in Monaco. He's currently eighth in the drivers' standings with 71 points -- 12 ahead of Lawson and 49 behind McLaren's Oscar Piastri.
Steve Jobs once hid his Porsche from billionaire Ross Perot; 40 years later, Apple CEO John Ternus reportedly drives a $1M+ Porsche 935 at California’s Laguna Seca
In 1987, Steve Jobs hid his Porsche from billionaire Ross Perot because he did not want the young company to look flush with cash during a crucial funding conversation. But after 4 decades, it has been revealed that Apple CEO John Ternus drives Porsche 935 whose original price tag of around $800,000. Ternus has set a lap time of under 1 minute and 40 seconds at California’s Laguna Seca.
Meet Kimi Antonelli, the Italian racing prodigy who progressed from karting as a child to Formula 1 and became one of the youngest drivers ever to compete at the sport's highest level
Kimi Antonelli’s journey ultimately represents more than a collection of impressive statistics. It is the story of an Italian teenager who began racing karts as a child, won championships across multiple junior categories, skipped Formula 3, conquered key moments in Formula 2 and entered Formula 1 before his 19th birthday.
FIA approves Formula One rule changes: Shorter Grand Prix races and revised rain delays
Formula One's governing body has announced rule changes for the upcoming season. Race distances will be shortened, and engine development freedom will be maintained. Gearbox homologation plans were scrapped to preserve supplier development freedom. Race time limits were revised to better handle weather disruptions.
Got an F1 ticket? Azerbaijan may give you a visa at the airport
Azerbaijan is offering visa-on-arrival to eligible foreign visitors travelling for the 2026 Formula 1 race in Baku, including Indian passport holders. Travellers arriving between August 25 and September 30 can use the facility if they carry a valid race ticket, proof of purchase or approved accreditation; others must use Azerbaijan’s regular visa process.
Masood Azhar bounty: India calls Pakistan’s Rs 7 million reward a 'gimmick'; asks Islamabad to take concrete action, not make 'phoney' announcements
India has dismissed Pakistan's bounty announcement on Masood Azhar as a mere gimmick. New Delhi insists Pakistan must take concrete actions against terrorism and not make announcements. Pakistan faces scrutiny from the FATF regarding its anti-terrorism financing efforts. The country was previously on the FATF grey list for deficiencies in its framework. India maintains Pakistan has backslid on its assurances after exiting the grey list.
Pakistan maintains 7-million-rupees bounty on JeM chief Masood Azhar; names him in 'most wanted' list
Pakistan has put forth a considerable reward for any leads that could help in capturing Masood Azhar, the notorious head of Jaish-e-Mohammed. Azhar is on Pakistan's most-wanted list and is being sought by India for orchestrating significant terror attacks, notably the 2001 assault on Parliament. His group is implicated in various bombings and military base assaults. This situation arises ahead of a pivotal Financial Action Task Force meeting in Paris.
MCX, IAMAI sign MoU to bring fintech solutions to commodity markets
MCX and IAMAI have signed an MoU to set up a Commodity Markets Innovation Council aimed at driving fintech-led innovation in India’s commodity markets. The industry-led platform will bring together stakeholders, startups and technology players to identify challenges, develop digital solutions, improve market access and support wider participation and efficiency.
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