The Delhi franchise of the i1 Super Series was one of the first teams to be snapped up with Arindam Chaudhuri's Planman Stars buying the team. The team will be known as Delhi Gypsies and Billionaires as they get ready to compete in the inaugural season next year.

Delhi will be one of the nine city franchises set to compete in the i1 series. “Motor sports is as much a sport for the gypsies at heart as for the billionaires by style! The name is as much a tribute to Delhi, the city which is often referred to as Dilwalon ki Dilli, as to the city which boasts of the highest number of billionaires and is undoubtedly the style capital of India,” Chaudhuri announced on Tuesday.

The i1 Super Series management has decided to organize the track day in Abu Dhabi on December 20. “We have sent final agreements to 12 international drivers and invites to all the major Indian drivers. We will unveil the driver line-up in Abu Dhabi in a couple of weeks time,” i1 series CEO M Darshan told TOI on Tuesday.

Darshan confirmed that a couple of former F1 drivers were among the 12 drivers set to be signed up. “There will be a draw of lots to divide all the drivers amongst the nine teams. Among them are a couple of F1 champions and we are hoping that Narain Karthikeyan, Karun Chandhok and Armaan Ebrahim will all be seen in action in the i1 Super Series,” he added.

The i1 series CEO explained that since there are only nine teams and 12 international drivers, the rest of the drivers will be on stand-by.

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Mr. Pradeep Gupta, the guest speaker explained about how Financial Management is applicable to organizations in this modern era. Pradeep Gupta has his own venture called “Cherish Financial Services” and has15 years of experience in the field of finance.

He explained with study of financial management, how we can protect our business from precarious mismanagement of money. For example, a small businessman takes a short-term loan and finances fixed assets with this loan. It means, he has to pay loan within one year but fixed assets cannot be sold within one year. At the end of year, he does not have enough money to pay long term debt and this will create risk to his business existence and will become insolvent. This is the simple example of mismanagement of money in small business, but speaking of large scale company business, importance of financial management is greater than small business.

In a nutshell, students were happy about the session and the practical knowledge which they got from the guest faculty.

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