Another event in the most happening city in the world.
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<br>An F1 Grand Prix race will be held in Hyderabad in 2007, it has been tentatively decided. State government officials clinched the deal after long negotiations with F1 chief Bernie Ecclestone.
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<br>Finance minister Y. Ramakrishnudu, who heads a cabinet sub-committee on the project, said the F1 boss made it clear that he preferred Hyderabad over other venues in Karnataka and Maharashtra.
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<br>Official sources said the Hyderabad F1 race, named the Indian Grand Prix,would be part of the F1 championship. According to the deal, Hyderabad will stage the race for seven years. The final agreement is yet to be signed.
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<br>-Well Done Chandra Babu Naidu
