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.
'Our task is to organise Olympic Games and not to cancel Olympic Games. This is why we are working day and night to organise safe Olympic Games.'
The IOC chief said that holding events without spectators was clearly something the IOC did not want.
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.
The apex court had decided to hear the pleas related to the IOA and the AIFF together.
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.
A five-time Olympic shooter, Randhir Singh was the lone eligible candidate for the OCA president's post.
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.
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.
Due to the delay the Beijing Games will now start just over six months after Tokyo.
Coaching crisis, heartbreaks and Olympic setbacks mark a disastrous year for Indian boxing
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.
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.
Russia says IOC decision to ban Russian athletes from Olympic parade unjust
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.
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.
Russian shipments averaged 1.67 million barrels per day in January compared to 1.48 million bpd in December and 1.53 million bpd a year earlier.
How will Russian athletes be cleared to compete at Paris 2024?
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 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)'
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'
Afghan B-Girl Manizha Talash, a member of the refugee Olympic team at the Paris Games, was disqualified after displaying the words "Free Afghan Women" on her cape.
Presidents can serve two terms -- a first term of eight years and a second of four if re-elected.
India House aims to elevate the performances of Indian athletes, support the national sports federations, and build the credentials of India as a global sporting nation, with an aspiration to host the Olympic Games in the future.
Father of controversial Algerian boxer Imane Khelif says he is honoured by his daughter
Nearly 80% of the Japanese public are now opposed to holding the Summer Games as scheduled this year, recent polls show.
With the T20 format set to be played at the LA 28 Olympics, Smith sees himself playing the shortest format of cricket in the next four years.
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.
Norman Pritchard: Colonised India's first athlete to win 2 medals in same Olympics
IOA treasurer Sahdev Yadav on Tuesday hit back at president P T Usha for claiming that IOA Executive Committee members were not agreeing on a proposal to felicitate Paris Olympics medal-winners
The IOC says the IBA is a discredited organisation, mired in financial opaqueness and compromised by ties to the Russian leadership.
'When it comes to advantages and disadvantages there is more to learn, there is always more science.'
The feud between Indian Olympic Association (IOA) president PT Usha and revolting Executive Council members took another ugly turn after a dozen of them shot off a letter to senior IOC official Jerome Poivey accusing the legendary athlete of running the organization in an "autocratic" manner.
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.
"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 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.
