Indian Oil Corporation (IOC), the nation's biggest oil firm, on Tuesday reported a 31.4 per cent drop in the fourth quarter net profit as record refining margins were wiped away by a margin squeeze in petrochemicals and losses on auto fuel sales. Standalone net profit of Rs 6,021.88 crore, or Rs 6.56 a share, in January-March, compared with Rs 8,781.30 crore, or Rs 9.56 per share, in the same period a year back, the company said in a stock exchange filing. Sequentially, the profit was higher than Rs 5,860.80 crore in the previous quarter.
India's largest oil firm IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering to the growing demand for both oil and cleaner forms of energy. Indian Oil Corporation (IOC) has drawn a strategic growth path that aims to maintain focus on its core refining and fuel marketing businesses while making bigger inroads into petrochemicals, hydrogen and electric mobility over the next 10 years, its chairman Shrikant Madhav Vaidya said. The company will not set captive power plants at all its future refinery and petrochemical expansion projects and instead use the 250 MW of electricity it produces from renewable sources like solar power, he told PTI in an interview.
Coates also hit out at the suggestion that the IOC was ploughing ahead with the Games "at all costs" to fulfill lucrative contracts with broadcasters and sponsors.
IOA president P T Usha firmly refuted allegations made by treasurer Sahdev Yadav regarding financial loss incurred by the body due to its contract renegotiation with Reliance Industries Limited
World Athletics (WA) had, in August this year, invited bids for the 2028 and 2030 editions of the championships and Coe said he is happy that India has joined the process.
Indian shooter Manu Bhaker is among over 100 athletes who have complained about 'deteriorating' Paris Games medals and are like to get replacements.
Due to the delay the Beijing Games will now start just over six months after Tokyo.
World Athletics boss Sebastian Coe is quite aware that cricket is nothing short of "religion" in India but he feels it shouldn't be viewed as a "roadblock" for other sports
Cooking gas or Liquified Petroleum Gas (LPG) price has been raised by Rs 50 per cylinder by distribution companies, Union Oil Minister Hardeep Singh Puri said on Monday.
The executive board, which is expected to meet later this month, will discuss holding the session "remotely through a secure electronic system" on July 17, with a possible "electronic voting system" in place.
An independent report last week said the IWF was plagued by decades of corruption orchestrated by autocratic former president Tamas Ajan.
Imane Khelif beat Hungary's Luca Anna Hamori by unanimous decision in a welterweight quarter-final fight at the Paris Games on Saturday to ensure Algeria's first Olympic boxing medal since 2000.
The Boxing Federation of India (BFI) is conducting the men's national championships in Bareilly in 10 weight categories
Indian Oil Corporation (IOC), the nation's top oil firm, has bought as much as 3 million barrels of crude oil that Russia had offered at steep discount to prevailing international rates, sources said. The purchase, made through a trader, is the first since Russia's February 24 invasion of Ukraine that brought international pressure for isolating Putin administration. Sources aware of the matter said IOC bought Urals crude for May delivery at a discount of $20-25 a barrel to dated Brent.
Abuse of power, financial misconduct, and the never-ending turf wars are now coming to light as Boxing Federation of India's officials jostle to escape blame for the shocking turn of events.
IOC chief said he believed more than 80 per cent of residents of the Olympic Village would be vaccinated or booked for vaccination ahead of the Games
The accounts were hacked through a third-party platform, a spokesperson for the social media platform said in an emailed statement, without giving further details.
'Olympics postponement costs not discussed'
'The IOC is actively working with its Japanese partners in the Tokyo 2020 Organising Committee and with the National Olympic Committees on the details of this policy (of flying in additional medical personnel)'
Boxing's already uncertain Olympic future was thrown into further jeopardy after the sport's Asian governing body voted against leaving the suspended International Boxing Association (IBA) to join the rival association.
The newlywed couple, Anant and Radhika, witnessed athletes showcasing their remarkable skills against tough opposition in Paris
Athletes from Russia and Belarus, Moscow's closest ally in the 2022 invasion of Ukraine, are barred from the Paris Games except for the few who will compete as neutral athletes without flags or anthems.
A five-time Olympic shooter, Randhir Singh was the lone eligible candidate for the OCA president's post.
India on Tuesday opened its largest oil and gas bid round, offering 25 blocks covering 1.91 lakh square kilometers mostly in offshore area, as the government looks to boost domestic production to cut imports and help energy security. Petroleum Minister Hardeep Singh Puri launched the 10th bid round under the Open Acreage Licensing Policy (OALP) at the India Energy Week (IEW) in Mumbai.
Presidents can serve two terms -- a first term of eight years and a second of four if re-elected.
The apex court had decided to hear the pleas related to the IOA and the AIFF together.
Russia says IOC decision to ban Russian athletes from Olympic parade unjust
Nearly 80% of the Japanese public are now opposed to holding the Summer Games as scheduled this year, recent polls show.
The International Olympic Committee does not plan any "drastic" decisions about the Tokyo 2020 Games, saying on Tuesday it remains fully committed to the event being staged in four months time despite the global spread of the coronavirus. The IOC said in a statement following discussions with international sports federations that changes would need to be made to the qualifiers due to the impact of the virus but it plans to go ahead with the July 24-Aug 9 Olympics.
If you see 'Made in India' apparel at any of the IOC's retail channels, it may have well come from Tiruppur, manufactured by a firm, which is owned by a mother-daughter duo, called Back Bay India.
How will Russian athletes be cleared to compete at Paris 2024?
Coaching crisis, heartbreaks and Olympic setbacks mark a disastrous year for Indian boxing
'When it comes to advantages and disadvantages there is more to learn, there is always more science.'
Indian Olympic Association (IOA) treasurer Sahdev Yadav on Tuesday threatened legal action against the body's president PT Usha for "defaming" his image after she issued a show cause notice to him on the basis of a complaint challenging his eligibility to hold the post.
"To facilitate these adaptations, and reflecting the postponement of the Games, we are making the necessary modifications to the qualification system principles to include, for example, the relaxation of the maximum two-year period and amendments to the qualification deadlines."
The International Olympic Committee (IOC) on Tuesday gave further unequivocal backing to this summer's Tokyo Olympics, urging athletes to prepare "full steam" despite the coronavirus threat. Multiple sports events around the world have been cancelled during the epidemic, which has killed more than 3,000 people in China and spread to more than 60 nations including Japan where infections are near 1,000 and 12 people have died.
'The fact that the IOC and Japan decided to postpone has a lot to do with the fact that athletes spoke out and clearly told their stories. It somehow made it real.'
The International Olympic Committee (IOC) is working with sports bodies to arrange a July-August window for the postponed Tokyo Olympics in 2021 and hopes to confirm the schedule within a month, Japan's Yomiuri newspaper reported on Thursday. John Coates, the IOC's Coordination Commission chief for Tokyo, told the Yomiuri the Games would have to be held between the tennis Grand Slams of Wimbledon, slated to end in mid-July, and the US Open, which starts in late August.
State-owned Indian Oil Corporation (IOC) and a joint venture of billionaire Gautam Adani's gas arm and Total of France -- Adani Total Gas Ltd -- have bid for maximum number of licenses to retail CNG to automobiles and piped cooking gas to households in the latest city gas bidding round.
The Games' Sport-Specific Regulations (SSR) has been developed jointly by IOC and the IFs to determine the impact of a confirmed positive COVID-19 case and its management in competition formats and structures.
