Mallya gets green light to drive into F1 circuit

MUMBAI: Vijay Mallya is a total nightbird - if the timing of his mega deals is anything to go by. TheKingfisher Airlines-Air Deccan deal was struck at 4 a m on June 1. Early onSeptember 1 - 2 a m to be precise - the flamboyant tycoon pulled of a coup forhimself and, according to him, "for a young India."NarainKarthikeyan, the first and only Indian to race in Formula One, may get anothershot at it now that the 57-year-old Mallya is set to own an F1 team.Mallya, along with the Dutch-based Mol family, clinched a deal toacquire the Spyker Formula One team - one of just 11 active F1 teams. They nowhave 30 days to wrap up formalities.The deal, worth around $123million (about Rs 500 crore) takes India a step closer to its dream of holdingan F1 race.