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.
Amid growing resentment over Dow Chemicals' association with the London Olympics, the IOA's Executive Board decided to write a 'strong' protest letter to the IOC, seeking the removal of the company as a sponsor of the Games next year.
Indian Oil Corporation wants to set up a petrochemical plant in Yemen provided it is allocated a gasfield, a senior company official said on Friday.
IOC-OIL have decided to hold 25% stake in RIL's East Timor oil and gas block.
With reference to the news article appearing in a leading financial daily captioned 'IOC, National Iran Oil in stock swap talks', Indian Oil Corporation Ltd has informed BSE that the matter has not yet been finalised and it is too early to comment.
Indian Oil Corporation has emerged as the top company in oil trading amongst national oil companies in the Asia Pacific region, as per the annual survey conducted by Applied Trading Systems, Singapore for the year 2003.
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.
State-run Indian Oil Corporation plans to set up solar power panels and power plants at its over 18,100 retail outlets across the country at a cost of Rs 500 crore (Rs 5 billion).
Indian Oil Corporation has started buying crude oil from Cairn India's Rajasthan oil fields, which have now crossed the 1,00,000 barrels per day mark in production.
'We are approaching major test events in August and we all need to see progress in this regard.'
Indian Oil Corporation said on Thursday that it would spend Rs 2,400 crore (Rs 24 billion) on overhauling its marketing operations
Indian Oil Corporation on Friday offered a stake to Kuwaiti companies in its upcoming petrochemical plant at Panipat and the proposed refinery at Paradip.
Indian Oil Corporation signed an agreement with West Bengal government on Wednesday for setting up a world class petroleum, chemical and petrochemical hub at Haldia.
The International Olympic Committee (IOC) will look into allegations that Azerbaijan was promised two gold medals at next year's London Olympics in exchange of cash and could launch its own inquiry, it said on Friday.
The petroleum ministry said there was no proposal to merge IOC and ONGC though the divestment ministry had made such a suggestion.
Having endured a "strange" feeling while walking under the IOC flag in the opening ceremony of Sochi Winter Olympics, Himanshu Thakur is a relieved man now as he will be able to take part in the closing ceremony under the tri-colour after the world body lifted the ban on the country.
Indian Oil Corp, the country's largest refiner, said on Thursday the value of its inventory of crude oil and refined products dropped Rs 350 crore (Rs 3.5 billion) in April as crude prices fell after the Iraq war.
Indian Oil Corporation, the country's largest oil firm, is eyeing acquisition of Turkey's biggest refiner - Turkish Petroleum Refineries Corporation (TUPRAS).
IOC is building a 5 million tonnes per annum LNG terminal at Ennore near Chennai which is to be completed by 2017.
Indian Oil Corporation on Monday proposed dual pricing for petroleum products in the country to prevent state-run oil companies from slinking into financial morass.
Indian Oil Corporation, country's largest oil firm, plans to invest about Rs 190 crore (Rs 1.9 billion) in laying a pipeline from Panipat to Jalandhar to move LPG from its Panipat refinery.
With crude oil touching a record $72 per barrel, Indian Oil Corporation is seeking a Rs 5.6 per litre increase in petrol and Rs 7.6 a litre hike in diesel prices to offset the Rs 80-crore (Rs 800-million) revenue loss per day.
In a filing to the Bombay Stock Exchange IOC said the shareholders, by way of postal ballot, has approved theissuance of bonus shares in the ratio of 1:1.
The International Olympic Committee has asked its Indian member Randhir Singh to take all measures, including legal action, against 'illegitimate individuals' claiming to represent the suspended Indian Olympic Association.
Indian Oil Corporation on Tuesday reported 111.9 per cent rise in its net profit at Rs 6,115 crore (Rs 61.15 billion) during 2002-03 as against Rs 2,885 crore (Rs 28.85 billion) in the previous fiscal.
India's largest oil producer Oil and Natural Gas Corp and the country's largest firm Indian Oil Corp may get two chief executives each to manage their mammoth operations.
Indian Oil Corporation and Grasim Industries have jointly bagged the prestigious Rajiv Gandhi National Quality Award for 2003.
Net profit in the January-March quarter stood at Rs 3,905.16 crore (Rs 39.05 billion) from Rs 5,556.77 crore (Rs 55.56 billion) a year ago, IOC chairman R S Butola told reporters in New Delhi.
With hopes of the ban on the Indian Olympic Association being lifted, Sports Minister Jitendera Singh, on Monday, cleared the air, stating that, if needed, he will meet International Olympic Committee officials in Lausanne.
Cricket is seen as one of the favourites given the sport's wide global reach, its financial strength and broadcast appeal.
The International Olympic Committee and the soft drink giant, the Coca-Cola Company have renewed their partnership for the Olympic games for an unprecedented 12 years till 2020.
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.
The top Indian Olympic Association (IOA) delegates were busy giving finishing touches to their action plan as they geared up for the crucial meeting with the International Olympic Committee in Lausanne to draw a roadmap for India's return to the Olympic fold.
The Sochi Winter Games set records in competitor numbers, medals awarded and quality of venues, keeping athletes happy and proving critics wrong, said International Olympic Committee President Thomas Bach on Sunday.
Tokyo would be an inspirational choice to host the 2020 Olympic Games, Prime Minister Shinzo Abe told Olympic officials on Monday, with Japan keen to showcase its recovery from a devastating 2011 earthquake and tsunami.
Indian Oil Corporation is keen on acquiring stake in three refineries in Nigeria and is eyeing refinery turnaround jobs in African and West Asian countries.
In a reprieve to the suspended Indian Olympic Association, the International Olympic Committee has decided to extend the deadline for adopting an amended constitution, the draft of which is currently being reviewed by the world body.
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