Satyam in talks with F1 for a major deal

Indian information technology company Satyam is in the final stages of striking a deal with Formula One (F1) ahead of the Indian Grand Prix scheduled to be held in Greater Noida in October.

While the presence of the country has steadily risen in the sport, this particular deal according to a report in the Business Standard, is being billed at between 50 million and a 100 million US dollars. Satyam is already providing IT solutions to  FIFA including the ongoing Women's World Cup being held in Germany.

Other Indian companies have also been actively involved in sports with Mahindra signing a deal with USA's National Basketball Association and it's parent company Tech Mahindra being associated with the Union of European Football Associations.