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.
No question of going back on IOA CEO's appointment, says PT Usha
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.
After getting Indian Oil Corporation, the nation's largest oil firm, to drop four independent directors and Engineers India Ltd to boot out two, it is now seeking to sack former Power Secretary P Uma Shankar, chartered accountant S Ravi and former BPCL Chairman R K Singh from the board of ONGC.
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.
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) 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.
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.
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.
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".
For the first time in 32 years male boxers will be able trade punches without any headgear at this year's Rio Games after the International Olympic Committee sanctioned a change introduced by world boxing federation AIBA.
Indian Oil Corporation has signed a memorandum of understanding with Coffee Day Xpress for setting up coffee bars and kiosks at its retail outlets.
A total of 1,016 candidates -- 664 men and 352 women -- have qualified in the examination and have been recommended by the Union Public Service Commission for appointment to various services.
The IOA elections were due in December last year but could not be held due to amendments in the poll process.
India yet to make formal bid for hosting World Athletics Championships in 2027
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.
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.
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
GAIL will have 36 months to lay and commission the pipeline with a capacity to transport up to 60 mscmd of gas.
A stampede of sports fans trying to enter Madagascar's national stadium for the opening ceremony of the Indian Ocean Island Games killed 12 and injured around 80.
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 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.
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.
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.
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.
Wrestling was welcomed back into the Olympic fold on Sunday after a seven-month exile.
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.
Ukraine would not rule out boycotting the Olympic Games if Russian and Belarusian athletes are allowed to compete in the Paris 2024 Games, its sports minister said.
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.
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.
