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.
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.
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
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.
Russian figure skater Valieva banned for doping, ROC loses Olympic gold
What is more surprising is that a surge in Russian oil supplies has come after the G7 imposed stringent sanctions on Moscow.
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.
Wrestling was welcomed back into the Olympic fold on Sunday after a seven-month exile.
Aiming at nurturing management leaders in the energy sector, Indian Oil Corporation on Friday signed a MoU with the Indian Institute of Management, Ahmedabad
North Korean shooters snub South Koreans on podium
Indian Oil Corporation will buy 40 per cent of ONGC Videsh Ltd's stake in the Greater Nile Oil Project in Sudan.
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.
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.
Notwithstanding the robust turnaround in the financial performance for the June quarter (Q1FY24), stocks of state-run oil marketing companies have been in a downtrend in the last month. The fall comes on a rise in crude oil prices that have surged to a 7-month high of $88 a barrel. A busy political calendar in the months ahead that may see the government keep a lid on auto fuel prices is also a dampener, analysts said. Shares of Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) have shed 9-11 per cent since their respective earnings announcement between July 26 to August 4.
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.
Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. Three state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row. This is despite the raw material (crude oil) cost surging last year, leading to heavy losses in first half of 2022-23 fiscal year before easing oil prices propelled them to profitability.
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.
Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said. The oil refining and marketing company, which was the top bidder even in the previous auction of gas from the eastern offshore KG-D6 block of Reliance-bp, bid the volumes on behalf of seven fertilizer plants.
Former Olympic champions Alexander Popov of Russia and Moon Dae-sung from South Korea are among four new members elected to the International Olympic Committee's athletes commission. Popov, 50 meters freestyle gold medalist at the 1992 and 1996 Games, and Moon, a taekwondo gold medalist at the 2004 Athens Olympics, were joined by German fencer Claudia Bokel and Cuban volleyball player Ruiz-Luaces Yumilka.
Marion Jones and Tim Montgomery should be free to compete in the Olympic Games since the drug allegations against them are not proven, IOC president Jacques Rogge said.
Billionaire Mukesh Ambani's Reliance Industries has maintained its highest ranking among Indian corporates in the latest Fortune Global 500 list, jumping 16 places to rank at number 88. Reliance was ranked at number 104 in the 2022 ranking and in the 2023 ranking it is placed at number 88, according to the publication. The company has gained a whopping 67 places in the last two years from number 155 in 2021.
USA withdrew from Russian-led International Boxing Association and is set to join the breakaway federation.
IOC owns about 74 per cent in BRPL and the merger would be effective on Wednesday, the company said in a statement to the Bombay Stock Exchange. Shareholders of BRPL will get four shares of IOC for every 37 shares they held.
Athletics will get a lower share of Olympic revenues in the future after the International Olympic Committee on Wednesday recalculated the federations' revenues according to their contribution to the Games.
The Court of Arbitration for Sport have rejected Japanese hammer thrower Koji Murofushi's appeal against the blocking of his election to the International Olympic Committee's Athletes Commission, CAS said on Wednesday.
International Olympic Committee (IOC) Vice President John Coates has urged Tokyo to consider moving more events to venues outside the capital, including one hundreds of kilometres away, in a bid to rein in spending for the 2020 Summer Games.
Russian athletes have been banned from many sports and largely cannot compete in Europe due to the sanctions and competition complications caused by Russia's invasion of Ukraine that began on February 24, 2022.
Ace shooter Abhinav Bindra on Saturday applauded IOC's decision to not change its stance on barring charge-sheeted persons from contesting Indian Olympic Association (IOA) elections, saying it is heartening to see the world body keen on cleaning up sports in the country.
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
The fate of a doping-tainted US Olympic relay gold medal is expected to be sealed next month at an International Olympic Committee meeting in Dubai, the IOC said on Friday. The women's 4x400 metres relay team could be stripped of their Athens 2004 Olympics gold medal after relay alternate Crystal Cox was handed a four-year ban earlier this year for using banned substances between 2001 and 2004.
A day after raising petrol price by a steep Rs 1.80 a litre, Indian Oil Corp, the nation's largest fuel retailer, on Friday said the hike was unavoidable as rupee depreciation has increased crude imports costlier.
Jet fuel or ATF price on Wednesday was cut by almost 6 per cent after four rounds of monthly increases since July, while commercial cooking gas (LPG) rates were raised by a steep Rs 101.5 per 19-kg cylinder in line with international benchmarks. However, the price of domestic LPG - used in household kitchens for cooking purposes - remained unchanged at Rs 903 per 14.2-kg cylinder. Aviation turbine fuel (ATF) price was cut by Rs 6,854.25, or 5.79 per cent, in the national capital to Rs 111,344.92 per kl from Rs 118,199.17, according to a price notification of state-owned fuel retailers.
Indian Oil Corporation is mulling setting up a wholly-owned overseas investment vehicle if the government rejects the plan to create a second incarnation of ONGC Videsh Ltd with the participation of all state-owned oil firms.
After getting an entry into Olympics, the women boxing is now all set to make its debut in the Youth Olympics Games in 2014.
Indian Oil Corporation Ltd is to submit an expression of interest to acquire the marketing assets of an oil company in Thailand.
Yogeshwar Dutt, Indian Olympic grappler and 2012 Olympics bronze medallist, has strongly objected to the International Olympic Committee's (IOC) decision to exclude the sport from the 2020 event.
IOC President Jacques Rogge said he was "very concerned" after protests disrupted the Olympic torch relay in London.
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