Latest news with #DAMS
Yahoo
25-05-2025
- Automotive
- Yahoo
Dunne among seven drivers eliminated after Monaco crash
Jak Crawford secured his second win of the Formula 2 season after a crash eliminated seven drivers from the feature race in Monaco on Sunday. Polesitter Alex Dunne and Victor Martins were involved in a first-lap collision that resulted in a red flag with several cars stuck behind the incident at the opening corner. The crash occurred after ART Grand Prix driver Martins attempted to overtake Dunne's Rodin Motorsport car coming into the first corner, with the ensuing contact resulting in Dunne pinning Martins' vehicle to the barrier. In addition to Irishman Dunne and France's Martins, Richard Verschoor, Gabriele Mini, Ritomo Miyata, Josep Maria Marti and Max Esterson were all removed from the race following the incident. Following a 50-minute delay, a crash later in the race involving Dino Beganovic at Casino Square resulted in a second red flag. At the end of a chaotic and disrupted race, DAMS Lucas Oil driver Crawford followed up last week's sprint win at Imola. "Oh my gosh. That was the race of my dreams," said 20-year-old American Crawford. "Avoiding the crash at the start was just the first bit. Around the safety car and trying to get into the pit. "Oh my god! It was the craziest thing ever. I'm so lucky, the pace was good too. It was an incredible day." Leonardo Fornaroli finished second, but while Arvid Lindblad crossed in third, his five-second time penalty Sebastian promoted Montoya to the podium. Luke Browning, who finished fourth ahead of Lindblad, moves top of the championship standings on 70 points, three clear of Dunne who led entering Sunday's race. The Formula 2 season continues with the sixth round in Barcelona next week.
BBC News
25-05-2025
- Automotive
- BBC News
Dunne among seven drivers eliminated after Monaco crash
Jak Crawford secured his second win of the Formula 2 season after a crash eliminated seven drivers from the feature race in Monaco on Sunday. Polesitter Alex Dunne and Victor Martins were involved in a first-lap collision that resulted in a red flag with several cars stuck behind the incident at the opening corner. The crash occurred after ART Grand Prix driver Martins attempted to overtake Dunne's Rodin Motorsport car coming into the first corner, with the ensuing contact resulting in Dunne pinning Martins' vehicle to the addition to Irishman Dunne and France's Martins, Richard Verschoor, Gabriele Mini, Ritomo Miyata, Josep Maria Marti and Max Esterson were all removed from the race following the incident. Following a 50-minute delay, a crash later in the race involving Dino Beganovic at Casino Square resulted in a second red the end of a chaotic and disrupted race, DAMS Lucas Oil driver Crawford followed up last week's sprint win at Imola. "Oh my gosh. That was the race of my dreams," said 20-year-old American Crawford. "Avoiding the crash at the start was just the first bit. Around the safety car and trying to get into the pit."Oh my god! It was the craziest thing ever. I'm so lucky, the pace was good too. It was an incredible day."Leonardo Fornaroli finished second, but while Arvid Lindblad crossed in third, his five-second time penalty Sebastian promoted Montoya to the Browning, who finished fourth ahead of Lindblad, moves top of the championship standings on 70 points, three clear of Dunne who led entering Sunday's race. The Formula 2 season continues with the sixth round in Barcelona next week.
NDTV
25-05-2025
- Automotive
- NDTV
Kush Maini Wins F2 Monaco Sprint Race, Becomes First Indian To Claim Title
Indian motorsport witnessed a historic moment as Kush Maini became the first Indian to win a Formula 2 race at the Monaco Grand Prix. The 25-year-old converted pole position into a win at the reverse-grid Sprint Race. Driving for DAMS Lucas Oil, he covered the iconic streets of Monte Carlo to mark his maiden F2 victory along with his first podium finish of the season. To achieve this, the BWT Alpine F1 driver held his composure across 30 laps in a nerve-wrecking competition. While Maini's performance during the race drew praise, he stood at the top of the podium singing the Indian national anthem as Monaco's iconic street circuit became a witness to the moment. "P1 and first Indian to win at Monaco. It's a great honour and a dream come true, really. We keep believing," said Kush Maini, while showing gratitude for DAMS. In the pit lane, Indian business tycoon Gautam Singhania was spotted celebrating with the 24-year-old, highlighting the ongoing support from JK Racing and TVS Racing, which are the two organizations that have backed Maini since his early racing career. Currently serving as a reserve driver for the BWT Alpine F1 Team, Maini's impressive victory at Monaco has boosted his visibility. It has also sparked renewed conversations about the possibility of securing a full-time Formula 1 seat in the near future. This marks Maini's second victory in the F2 sprint, finishing 3.705 seconds ahead of Mini. It is also his inaugural win with his new team, DAMS. With this victory, Maini advances to P13 in the championship, trailing the leader, Alexander Dunne, by 54 points.
India Today
25-05-2025
- Automotive
- India Today
Kush Maini becomes 1st Indian to win F2 Monaco GP, jubilant Anand Mahindra reacts
Under the shimmering skies of the Cte d'Azur, Kush Maini etched his name into racing history with a spectacular victory in the Formula 2 Sprint Race on the iconic streets of Monaco. Displaying precision, composure, and unshakeable focus, he claimed his first F2 win of the season—and his maiden podium with DAMS Lucas Oil—at the most prestigious venue in motorsport. This historic achievement makes him the first Indian driver to win at from pole position, the BWT Alpine F1 Team reserve driver showcased masterful control and strategic poise throughout the race. He made the most of a strong start and managed the pressure with veteran-like maturity, securing a dominant lights-to-flag victory. Maini had qualified P10 for Sunday's Feature Race, placing him on pole for Saturday's Sprint Race due to the reverse grid system. From the moment the lights went out, the DAMS driver led confidently for all 30 laps.'P1 and first Indian to win at Monaco. It's a great honour and a dream come true, really. I want to thank DAMS and everyone who's supported me. We keep believing,' said an emotional Kush after the podium tycoon Anand Mahindra, the chairman of Mahindra Group, heaped praise on Kush Maini for the incredible achievement. advertisementTaking to X, Mahindra wrote, 'You are Standing Tall, @kmainiofficial and the country stands tall with you. Kush Maini making history as the 1st Indian winner of an F2 race in Monte Carlo. We are proud to have you on our team at @MahindraRacing.' Following a challenging start to the 2025 season, the Monaco win arrived at the perfect moment - boosting both his confidence and momentum at a critical point in the what was a truly special moment for Kush and the nation, he proudly sang the Indian national anthem during the podium celebrations. Indian business tycoon Gautam Singhania was seen embracing Kush in the pit lane after the win. Singhania's JK Racing, along with TVS Racing, have supported Maini throughout his this landmark victory, Kush now looks to carry the momentum into Sunday's Feature Race and into the upcoming round in Barcelona next weekend.
The Sun
29-04-2025
- Business
- The Sun
Victory Securities Secures Approval to Offer Two Key Virtual Asset Services
HONG KONG SAR - Media OutReach Newswire - 28 April 2025 - Victory Securities today announced that it has officially obtained two significant regulatory consent from the Securities and Futures Commission (SFC) of Hong Kong to provide virtual asset (VA)-related products and services: 1) provision of discretionary account management services (DAMS) to retail and professional investors, investing in spot VA, VA futures and VA options; and 2) distribution of VA-referenced, physically settled structured products to professional investors. Victory Securities is now permitted to offer DAMS to both retail and professional investors, managing a range of customizable investment products, including spot crypto investments and derivatives. Victory Securities is the first licensed broker in Hong Kong to be able to provide VA DAMS via, amongst other trading platforms, Binance FZE and Deribit FZE, which are amongst the largest VA and VA derivative exchanges in the world by trading volume. The volatility of the virtual asset market has deterred some investors, and Victory Securities' DAMS aims to serve as a bridge for clients to invest in this sector. The service combines an experienced investment team with an institutional-grade risk control system, operating within a framework that strictly adheres to clients' risk preferences and investment objectives. It covers core aspects such as asset allocation, risk assessment, and dynamic asset allocation strategies, with round-the-clock monitoring to provide high-net-worth individuals and institutional investors with efficient and compliant asset appreciation solutions. Mr. Kennix Chan, Deputy CEO of Victory Securities, stated, 'The professionalization of the virtual asset market is a future trend. Our discretionary account management services will strictly comply with the SFC's regulatory framework, integrating quantitative analysis and market insights to create long-term value for investors.' On the other hand, following its approval late last year as the first Hong Kong brokerage to distribute cash-settled VA-referenced structured products, Victory Securities has further secured the regulatory consent to distribute physically-settled VA-referenced structured products. At expiry, the issuer of physically-settled VA-referenced structured products will deliver spot VA to the clients of Victory Securities. The flexible investment features of physically settled VA-referenced structured products enable investors to better capitalize on market volatility. Mr. Kennix Chan emphasized, ' This service significantly reduces the cost and time barriers associated with cross-market asset conversions, providing cryptocurrency holders with an innovative channel to seamlessly access traditional financial products. The flexible investment features of virtual asset-structured products also enable investors to capitalize on market volatility.' In recent years, Victory Securities has actively aligned with the Hong Kong government's policy direction of 'embracing virtual assets,' continuously enhancing its compliance infrastructure. The group has now established a full-chain service ecosystem covering trading, asset management, and product distribution, positioning itself as a key player in the local virtual asset compliance process. As more investors enter the market, Victory Securities' 'one-stop virtual asset solutions' are poised to seize market opportunities.
