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Tag: FIA

  • Pirelli extends Formula 1 global tyre partner deal till 2023

    Pirelli extends Formula 1 global tyre partner deal till 2023

    MUMBAI: Formula 1 and the Federation of International Automobiles (FIA) have announced Pirelli as the sole Global Tyre partner of the FIA Formula 1 World Championship. The new deal will run for four years, from 2020 to the 2023 season inclusive.

    Following the successful partnership, which was up for renewal at the end of 2019, a new agreement has been completed continuing Pirelli’s longstanding relationship with the FIA Formula 1 World Championship. All parties have reaffirmed their commitment to work together towards the new technical regulations expected for 2021, including the 18-inch tyre.

    Formula 1 chairman and CEO Chase Carey said, “Pirelli have been an important and valued partner to Formula 1 since 2011. They are leaders in providing innovative state of the art capabilities. They are a premium brand, a clear global leader in motorsport and our ongoing partnership with them is proof once more of our desire to align F1 with the best in motorsport and beyond. We are delighted to have reached this agreement, which guarantees a long-term stable future for such a crucial component of Formula 1.”

    FIA president Jean Todt said, “I am happy to have Pirelli appointed for another period as official tyre supplier to the FIA Formula 1 World Championship. It will allow all of us to enjoy the experience gained since 2011. We know how crucial and difficult is the role of the tyre supplier and, particularly, in Formula 1.”

    Pirelli VP and CEO Marco Tronchetti Provera said, “It’s excellent news that Pirelli is prolonging its partnership with Formula 1 until 2023. This new agreement extends our presence to a total of 13 seasons in the modern era, with Pirelli also present in 1950, when the World Championship was inaugurated. Formula 1 is and will remain the pinnacle of motorised competition: the perfect environment for Pirelli, which has always defined motorsport as its most advanced technological research and development laboratory. Formula 1 provides the perfect showcase for our Ultra High Performance road car tyres, which equip the world’s most desirable prestige and premium vehicles to guarantee the highest standards of performance, sustainability and safety.”

  • Indian DTH equipments worth Rs 7.83 cr seized by Pakistan authorities

    Indian DTH equipments worth Rs 7.83 cr seized by Pakistan authorities

    MUMBAI: Pakistan authorities have seized a large quantity of smuggled Indian direct-to-home (DTH) equipment worth Rs 7.83 crore from various markets in a countrywide crackdown against illegal devices according to a report published by dawn.com. The report, in line with a suo motu case relating to easy availability of Indian DTH or magic box in the Pakistani market, was submitted to the Supreme Court on Wednesday.

    The Customs Department and the Federal Investigation Agency (FIA) arrested 39 people and 30 FIRs had been lodged during the crackdown and was informed to a two-judge bench headed by Justice Ijaz-ul-Ahsan.

    The report was furnished before the apex court through Additional Attorney General Nayyar Abbas Rizvi, stating that the nationwide enforcement operations has ended the commercial sale and availability of smuggled DTH equipment in the local markets.

    The apex court had constituted a committee during the last hearing, which consists of member (customs), the FIA's additional director general and a member of the Pakistan Electronic Media Regulatory Authority (PEMRA) to find out the source of smuggled goods and to take steps to curb the smuggling.

    The report recalled that the Federal Board of Revenue (FBR) has also enhanced enforcement measures adopted by the customs field formations which resulted in seizures of goods and other contraband items, including DTH equipment worth Rs 2480 crore during 2017-18.

    However, the report conceded that mere enforcement measures would not be sufficient to completely root out the transportation or availability of DTH equipment used for illegal broadcasting of Indian content in the country. Therefore, a holistic strategy needs to be worked out by all agencies/regulators to address this issue.

    The report pointed out that, in the absence of local DTH, the subscribers were opting for other illegal means, which include Indian DTH services. However, the report called for support from the Pakistan Telecommunication Authority for blocking the internet protocols addresses of the websites which were either running the illegal C-Line/CC-CAM or advertising the illegal Indian DTH in Pakistan.