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Before the opening weekend, the expected lap time for a Formula One car around the track was 1 minute, 27.02 seconds, at an average speed of 210.03 km/h (130.51 mph). At the end of the long straight between corners 3 and 4, Formula One cars were expected to reach a top speed of about 318 km/h (198 mph). [37]
The first edition took place on 30 October 2011, as the 17th race of the 2011 Formula One season. [1] The inaugural race was won by Germany's Sebastian Vettel. Jaypee Sports International Limited was the organizer of Formula One racing in India and had signed a five-year contract with Formula One Management (FOM) to host the championship in India.
Chinese transfer pricing rules apply to transactions between a Chinese business and domestic and foreign related parties. A related party includes enterprises meeting one of eight different tests, including 25% equity ownership in common, overlapping boards or management, significant debt holdings, and other tests.
The transactional net margin method (TNMM) in transfer pricing compares the net profit margin of a taxpayer arising from a non-arm's length transaction with the net profit margins realized by arm's length parties from similar transactions; and examines the net profit margin relative to an appropriate base such as costs, sales or assets.
The setting of the amount of related party charges is commonly referred to as transfer pricing. Many jurisdictions have become sensitive to the potential for shifting profits with transfer pricing, and have adopted rules regulating setting or testing of prices or allowance of deductions or inclusion of income for related party transactions.
The Fund Transfer Pricing (FTP) measures the contribution by each source of funding to the overall profitability in a financial institution. [1] Funds that go toward lending products are charged to asset-generating businesses whereas funds generated by deposit and other funding products are credited to liability-generating businesses.
MMSC has also built a go-kart track to promote the sport at the grassroots level in 2023. The 1.2 km (0.75 mi) CIK approved track named, Madras International Karting Arena popular as MIKA, was inaugurated on 19 September 2024 by former Formula 1 world champion Mika Hakkinen in presence of former F1 drivers Narain Karthikeyan and Karun Chandhok ...
From 2010 until the end of 2021 championship, if the race had to be abandoned for any reason before 75% of the planned distance (but after a minimum of two completed laps), then the points awarded were halved: 12.5, 9, 7.5, 6, 5, 4, 3, 2, 1, 0.5. The rules regarding the awarding of points were reviewed by FIA, teams and Formula One following ...