Red Bull team principal Christian Horner on Saturday claimed that the deal to extend the contract of their No 1 driver Sebastian Vettel was "perfect timing". Red Bull on Tuesday confirmed the three-time World Champion Vettel had agreed to a one-year extension, end of 2015.
Vettel, who is with Red Bull since 2009, has claimed 29 victories, 39 pole positions, and clinched three successive championship titles since 2010.
"It was more of a formality than anything else. We have a long-term agreement with him. It was perfect timing for both sides to extend for another year," Christian Horner said.
The announcement surprised everyone as to why the world number one has signed a deal with the team for one more year. "The details of the contract are always going to be confidential, added Horner. ...
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11:07 AM, Jun 15, 2013
New Delhi: The Central Bureau of Investigation on Thursday questioned former Commonwealth Games Organising Committee chief Suresh Kalmadi in connection with an alleged illegal contract worth Rs 71 crore. The contract under scrutiny was awarded to a firm called Event Knowledge Service. Sources say the Mauritius based company was given three different contracts during the 2010 Common Wealth Games. Kalmadi and former Organising Committee treasurer Jaya Chandran have been accused...
03:50 PM, Jun 06, 2013
Karachi: In a major blunder, the PCB has ended up sending copies of the 2012 central contracts to the members of Pakistan team in England instead of dispatching the new contracts for 2013. According to a report in the "Jang" newspaper, the board officials realized their mistake after the old contacts had already been dispatched to England to be handed over to the players for their signatures. "After it was...
03:37 PM, Jun 04, 2013
Mumbai: State Bank of India on Friday said it has entered into a partnership with the Industrial Bank of Korea to help the Korean small businesses doing business here in the country. The agreement will help about 480 Korean small and medium enterprises operating in the country, SBI said in a statement issued in Mumbai. In the absence of a branch of the Korean bank in the country, "this agreement...
03:45 AM, May 11, 2013
Johannesburg: Cricket South Africa says national coach Gary Kirsten has decided not to renew his contract and will leave his role this year. CSA made the announcement on Friday. The former batsman led South Africa to the top of the Test rankings after his appointment on a two-year contract in August 2011. CSA says Kirsten informed the board he'll be leaving and cited "family reasons" for his decision. Kirsten has...
04:01 PM, May 10, 2013
Los Angeles: Fragrance company Adrenalina Inc. has filed a lawsuit against singer Selena Gomez for not binding to her contract. Adrenalina Inc. claims Gomez had signed a deal with the company in 2011. The deal gave them allowance to develop fragrance products using her name. However, Gomez and her agent reportedly ended the relationship with the company without giving a valid reason. She even refused to show up for the...
02:42 PM, Apr 27, 2013
New Delhi: Contract marriages are on the rise in Hyderabad, claimed women's rights groups as a teenager blew the lid off India's underground culture of Islamic sex tourism involving men who paid for 'wives' for four weeks, according to a report in the daily 'Telegraph'. The paper claimed that minor escaped after her parents pressurised her to consummate a forced marriage to a middle aged Sudanese man who had paid...
03:01 PM, Apr 23, 2013
Los Angeles: Hollywood action star Sylvester Stallone has settled his case against contractor Mohamed Hadid, who he sued for USD 1.4 million. The 'Rocky' actor alleged that Hadid did a bad job of renovating his property, describing him as an 'unscrupulous, unlicensed predator' but the case has now been settled out of court, reported TMZ online. Meanwhile, Hadid had claimed the 66-year-old actor threatened to blow his head off. He...
12:28 PM, Apr 14, 2013
Srinagar: Several contractual employees in the Jammu and Kashmir government were injured in protests on Wednesday. They employees were protesting against the termination of their services. The violence took place when the protestors were stopped by the police at Lal Chowk in Srinagar. The contractual employees clashed with police when the latter stopped them from disrupting traffic. The employees said they would have no work and their families would suffer...
10:19 PM, Apr 10, 2013
The 36-year-old Totti's contract runs out next year and he is keen to sort out a new deal. ...
03:19 PM, Mar 29, 2013
Punjab Assembly on Monday passed 16 bills, including Punjab Motor Vehicles Taxation (Amendment) Bill 2013 and Punjab Contract Farming Bill 2013 before the House was adjourned sine die. ...
04:16 AM, Mar 26, 2013
A woman from Rohtak was arrested on Sunday for allegedly getting her husband killed through contract killers. The woman got her husband murdered with the help of her lover, police said. ...
07:57 PM, Mar 10, 2013
The Sussex left-armer was previously on a central contract with the England and Wales Cricket Board (ECB) until 2009 when his deal was not renewed. ...
06:54 PM, Mar 07, 2013
As Ashok Gehlot enters his final year as the Rajasthan Chief Minister, he is at the centre of a major sandstone mining scam. He is facing allegations of awarding contracts to his close relatives at throwaway rates. He allegedly even altered mining contract norms in 2012. ...
09:20 AM, Mar 06, 2013
The Bihar Police on Tuesday afternoon resorted to lathicharge against a group of protesting contract teachers. The teachers had been protesting peacefully when suddenly the police started raining blows on them. ...
04:41 PM, Mar 05, 2013
A woman identified as Rinku, who had entered into a written agreement with some hired killers, has been arrested by Dehradun police for plotting to murder her husband. She had used a stamp paper to enter into an agreement with the killers in which the amount to be paid for the murder of her husband Surinder Singh was also mentioned. ...
11:00 AM, Feb 25, 2013
Franco-American telecoms equipment maker Alcatel-Lucent SA has won an eight-year deal valued at more than $1 billion to manage Indian carrier Reliance Communications Ltd's networks in the east and south of the country. ...
02:51 PM, Jan 16, 2013
Surti amassed 8066 runs with a highest of 246 not out in 160 first class games in which he struck six hundreds. ...
12:26 PM, Jan 13, 2013
Lampard's agent Kutner has said that Chelsea have no intention of offering the midfielder a new contract. ...
11:52 AM, Jan 07, 2013
Cristiano Ronaldo, the world's most expensive player, refused to talk about his Real Madrid contract. ...
08:50 PM, Jan 02, 2013
