State-owned Indian Oil Corp (IOC) is losing Rs 151 crore per day in revenues on selling diesel, domestic LPG and kerosene below their imported cost, a company official said on Thursday.
Hindustan Aeronautics Limited on Wednesday handed over the first LCA Tejas twin-seater aircraft to the Indian Air Force.
Indian Oil Corporation (IOC), the country's largest oil refiner and marketing company, is looking to cut operating costs in order to offset the daily loss of Rs 150 crore (Rs 1.5 billion) due to selling petroleum products at subsidised rates.
Sri Lanka may extend its contract with Indian Oil Corporation for import of diesel and jet fuel during February-April.
The International Olympic Committee (IOC) hinted on Tuesday that gold medallist swimmer Ye Shiwen of China had not tested positive for any drugs as the doping controversy triggered by her sensational performances refused to abate.
The International Olympic Committee (IOC) too, is going big on popularising e-Sport with Singapore being confirmed to host the inaugural Olympic Esports Week in June next year.
The International Olympic Committee (IOC) will set up a disciplinary commission to look into the case of South Korean footballer Park Jong-woo, who flashed a political sign at the London Olympics to inflame a diplomatic row with Japan.
Toughening its stance on the tenure limitation of sports bosses in the country, the Government on Wednesday proposed to send a senior official to the International Olympic Committee (IOC) headquarters in Switzerland to sort out the matter.
With time running out and the threat of India's ouster from the Olympic family looming large, the Sports Ministry on Tuesday sought an early meeting with IOC President Jacques Rogge to solve what it described as a 'false situation of crisis' created by the IOA officials.
Indian Oil Corporation, the country's largest refiner, has put up a war chest of $2 billion for acquiring a medium-sized foreign oil firm to set up its own exploration and production division.
The former beat Railways 1-0 while PSB blanked Chandigarh 2-0 in the Super League of the National hockey championship.
Cash strapped Sri Lankan unit of Indian Oil Corporation on Tuesday announced it will not replenish stocks unless the Sri Lankan government moved to settle a disputed Rs7.44-billion subsidy claim.
The IOC said that the disciplinary commission will have "the right to ask for disclosure of any and all documents, for the hearing of witnesses and experts if necessary".
Concerned at the state of affairs of the Indian Olympic Association, the International Olympic Committee has threatened to suspend the governing body if it fails to conduct its election within the coming weeks.
Indian Oil Corporation has signed a memorandum of understanding with Coffee Day Xpress for setting up coffee bars and kiosks at its retail outlets.
State-owned Indian Oil Corp and Oil India Ltd on Tuesday confirmed making an 'approach' to take over the Middle-East focussed oil firm Gulfsands Petroleum Plc for an undisclosed cash amount.
Radical changes to how cities will bid to host Olympic Games, and rules allowing more sports to feature, were among 40 innovations ushered in on Monday as International Olympic Committee members took bold steps to revamp their movement.
GAIL will have 36 months to lay and commission the pipeline with a capacity to transport up to 60 mscmd of gas.
The last week of March saw a series of new refining capacity going on stream. HPCL-Mittal Energy, Essar Oil and Mangalore Refinery & Petrochemicals (MRPL) were able to announce completion of capacity additions a couple of days before the seven-year tax holiday in this regard came to an end, on March 31.
State-run Indian Oil Corporation (IOC) and private sector Reliance Industries are understood to have climbed higher in the Fortune Global 500 rankings this year, capturing the 135th and 269th, places respectively.
Wrestling was welcomed back into the Olympic fold on Sunday after a seven-month exile.
The country's biggest fuel retailer Indian Oil Corporation on Wednesday said it is losing Rs 107 crore (Rs 1.07 billion) a day on selling auto and cooking fuel below cost even as it awaits the government to announce clear compensation package.
The 23-year-old was stripped of her 1,500 metres gold and 5,000 metres bronze won in Pusan, South Korea, after testing positive for a metabolite of the banned steroid nandrolone
'It is great news (cricket in Olympics) if you are a business-person. America has a large section of Asian expats, who are crazy about cricket and they will fill the stadium and of course will follow the game on TV or streaming apps.'
Wrestling was in a state of shock after the International Olympic Committee (IOC) made a surprise recommendation on Tuesday to drop the sport from the 2020 Games.
A day after India was suspended by the International Olympic Committee, Sports Minister Jitendra Singh said he does not have the mandate or the jurisdiction to interfere in the matter but will still try to engage with the IOC to get the ban reversed.
The company and other public sector fuel retailers Bharat Petroleum and Hindustan Petroleum are currently selling petrol at Rs 3.68 a litre below cost and diesel at Rs 2.90 per litre lower than cost.
Aiming at nurturing management leaders in the energy sector, Indian Oil Corporation on Friday signed a MoU with the Indian Institute of Management, Ahmedabad
Indian Oil Corporation will buy 40 per cent of ONGC Videsh Ltd's stake in the Greater Nile Oil Project in Sudan.
Indian Oil Corporation, the country's largest refiner, has lost out in the race for acquiring a stake in Indonesia's largest listed oil and gas producer Medco.
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
Jet fuel or ATF price on Tuesday was hiked by a steep 8.5 per cent - the second increase in a month, while commercial cooking gas rate was cut by Rs 100 per cylinder in line with divergent trends in international benchmarks. Aviation turbine fuel (ATF) price was increased by 7,728.38 per kilolitre, or 8.5 per cent, in the national capital to Rs 98,508.26 per kl, according to a price notification of state-owned fuel retailers. Rates, which vary from state to state depending on the incidence of local sales tax or VAT, have been increased on firming up of global rates that followed four months of decline.
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