Its official. Narain Karthikeyan has been replaced by Red Bull Racing contracted driver Daniel Ricciardo in the Hispania Racing Team. The Hispania Racing Team is undergoing an overhaul of sorts with Colin Kolles, the present team Principal being shown the door, though he will be with the team till the new team Principal, rumoured to be the son of team owner, Jose Ramon Carabante, is ready for the take over. Daniel Ricciardo has been loaned officially to HRT by Red Bull Racing and he will become their racer from the next GP at Silverstone. Narain Karthikeyan continues to be contracted to the team but will not be racing, a situation in which Karun Chandok found himself last year. The question now is will Narain drive at least during the Indian GP and will Tata continue to sponsor the team now that Narain will not be driving full time for it? Tata seems to be the only sponsor of the team so far.