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.
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.
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.
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.
The International Olympic Committee has stripped Lance Armstrong of his bronze medal from the 2000 Sydney Olympics because of his involvement in doping.
Indian Oil Corporation on Thursday said its under-recoveries would come down by Rs 2,000 crore (Rs 20 billion) in the next six months on account of the price hike in the petroleum products.
IOC beat defending champions Indian Airlines 4-1, while PSB edged past Services 2-1 in the 61st Senior National Hockey Championship.
Former India hockey captain Zafar Iqbal said the country's prominent athletes would write to the International Olympic Committee seeking its help for drawing up a blueprint for resurrecting sports in the country.
The state-run Indian Oil Corporation on Wednesday said it plans to begin the commodity derivative transactions in a few weeks as part of its risk management strategy against the volatile international crude oil prices.
Two top Indian Olympic Association officials are preparing to leave for Switzerland for a meeting with International Olympic Committee top brass to plead their case in the wake of the world body's decision to propose IOA's suspension in its Executive Board meeting.
The defence budget was on Thursday increased to Rs 6.21 lakh crore for 2024-25 in a modest hike of 4.72 per cent from last year's allocation of Rs 5.25 lakh crore amid India's continuing border row with China in eastern Ladakh as well as concerns over evolving security situation in the strategic waterways.
The International Olympic Committee's decision to write a letter directly to the Sports Minister for a joint meeting has come as a surprise to suspended IOA officials.
The government on Friday cleared disinvestment in two bluechip state-owned companies IOC and Bhel, which would fetch over Rs 7,300 crore (Rs 73 billion) to the exchequer in the current fiscal.
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.
North Korean shooting double medalist Kim Jong-su has tested positive for a banned substance and been excluded from the Beijing Olympic Games and stripped of his medals, the International Olympic Committee said on Friday. A female Vietnamese artistic gymnast, who finished out of the medals, has also tested positive for a banned substance, an IOC spokeswoman told reporters.
India's only private sector oil refiner, Reliance Industries, has sought a two-year extension of its agreement with Indian Oil Corp to sell Jamnagar refinery products through the state-run firm's retail network.
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.
International Olympic Committee (IOC) president Thomas Bach said on Tuesday that the Rio de Janeiro Olympics would be 'spectacular' and a 'great success' despite a political and economic crisis gripping the host nation.
USA withdrew from Russian-led International Boxing Association and is set to join the breakaway federation.
State-owned refiner Indian Oil Corp and its exploration partner Oil India Ltd plan to bid for two onshore oil and gas exploration blocks in Myanmar.
The powerful performance at Athens by China, Japan and their neighbours marked the "awakening of Asia".
Defying the ban imposed by the International Olympic Committee, the IOA today went ahead with its Annual General Meeting and elections, insisting that it had not done anything wrong.
The state-owned Indian Oil Corporation may see revenue loss on fuel sales jump 63 per cent to over Rs 42,540 crore (Rs 425.40 billion) in the current fiscal.
Indian Oil Corporation on Friday said it has launched a voluntary retirement scheme - for its surplus employees - that is valid till December 31, 2003.
China basked in the glow of their 51st gold medal and got a clear thumbs-up from International Olympic Committee on the last day of the Games on Sunday. The hosts finished well clear atop the medals table with 15 more golds than the United States. The last of the 302 gold medals was won by France in the men's handball.
Modi said that the ocean economy held 'enormous promise'.
Under the partnership, IOC's rural petrol pump outlets -- Kisan Seva Kendras -- will act as the bank's Business Correspondents, HDFC Bank said in a statement.
The IOC has ruled out marking the 40th anniversary of the Munich massacre at the London Olympics opening ceremony but will visit the airfield where some Israeli team members were killed, it said on Saturday.
IOC and other state-run oil marketing companies such as BPCL and HPCL are suffering revenue losses on sale of fuel as the government has not allowed them to raise prices in line with the increase in international crude oil prices that are racing toward 100 dollar a barrel. India imports nearly three-fourth of its crude oil requirements.
But IOC chief inspector Denis Oswald said there is still a lot to do with less than six months before the 2004 Games.
"The company is losing Rs 238 crore (Rs 2.38 billion) a day on retail fuel sales," Gyan Chand Daga, director ( marketing), IOC, said in Mumbai today. Oil marketing companies collectively lost around Rs 77,000-78,000 crore (Rs 770-780 billion) during last year, according to estimates. Retail prices of diesel and petrol were hiked in February for the first time since June 2006 to lower the burden of record crude oil costs on state oil refiners.
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.
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.
In a continued effort to thrust the ouster of jailed Indian Olympic Association president Suresh Kalmadi and his aides, Clean Sport India (CSI) has asked the international governing body to take necessary action against the tainted officials.
North Korean shooters snub South Koreans on podium
