Reaffirming its stand, the International Olympic Committee Wednesday rejected calls from the Indian Government to drop Dow Chemicals as sponsor of the London Games because of its links to the 1984 Bhopal gas tragedy.
Indian Oil Corporation, the country's largest downstream company, has major plans for Nigeria, the world's eighth largest exporter of crude oil.
State-owned Indian Oil Corp (IOC) on Tuesday said it is losing about Rs 3 on the sale of every litre of petrol, but will decide on raising prices at an "appropriate" time.
State-owned Indian Oil Corporation plans to invest close to Rs 1500 crore (Rs 15 billion) in 2003 to set up about 1000 petrol stations and improve its retail infrastructure before competition from private retailers.
Nikhat Zareen and Lovlina Borgohain will look to find their footing in new weight categories with the 2024 Paris Olympic Games approaching.
The International Olympic Committee (IOC) has discovered seven more positive drugs results from re-testing samples taken at last year's Beijing Games, stemming from six athletes, it said on Tuesday. All of them tested positive for CERA (Continuous Erythropoiesis Receptor Activator), the new generation of banned blood-booster erythropoietin (EPO) during the Beijing Olympics last August.
The board of Indian Oil Corporation on Wednesday approved share swap ratio for merging its subsidiary IBP Co Ltd with itself.
Indian Oil Corporation will fund restoration of the Sun temple at Konark in Orissa, Minister for Tourism and Culture Ambika Soni said on Tuesday.
The International Olympic Committee is planning a conference on the role of the World Anti-Doping Agency (WADA) to improve the drugs in sport watchdog's deteriorating ties with international federations and national Olympic committees.
Brazilian police said on Tuesday they had uncovered emails between detained International Olympic Committee (IOC) member Patrick Hickey and the British owner of a ticketing company they said masterminded a scheme selling Olympic tickets illegally.
L&T was beset by buying in early trades on Thursday after the company announced that it bagged a Rs 1,242-crore (Rs 12.42 billion) order from IOC to set up a PTA plant at the latter's refinery at Panipat.
The company is losing about Rs 80 crore (Rs 800 million) a day on sale of petrol, diesel, kerosene and cooking gas as the government has not allowed oil marketing companies to raise prices in line with the increase in international crude oil prices.
Sports Minister Jitendra Singh asked the International Olympic Committee to "assist" in bringing India back into the Olympic fold and said that the country is at "crossroads" as far as sports administration was concerned.
Indian Oil Corp (IOC), nation's largest oil firm, is likely to sign a joint venture agreement with Nuclear Power Corporation of India (NPCIL) this month to foray into nuclear power generation.
State-run Indian Oil Corporation on Wednesday it was incurring a loss of Rs 50 crore (Rs 500 million) per day on sale of all fuel products but petrol.
L N Mittal's foray into oil and gas trading business through a joint venture with ONGC is facing fresh opposition from refiner Indian Oil Corp, which feels the JV is ineligible to bid for its tenders.
Tata group chairman Ratan Tata on Tuesday came out in support of the West Bengal government for offering shares of Haldia Petrochemicals Limited to state-owned Indian Oil Corporation -- a decision contested by HPL's principal promoter, the Chatterjee
Indian Oil Corporation, the country's largest oil marketing company by sales, will open the country's first hydrogen fuel-dispensing station in New Delhi next month. The new-age pump will be set up in Dwarka.
The company has already decided to give a monthly pension of Rs 10,000 to Manjunath's dependent besides offering to takeover the education loan availed by him for his studies at IIM.
Indian Oil Corporation Ltd sank deeper into the red with losses amounting to Rs 1.2 billion, as Colombo is yet to repay billions for selling fuel below costs.
The need for new and innovative thinking around testing should become a priority to strengthen the fight against doping in sport, the new International Olympic Committee (IOC) president Thomas Bach said on Wednesday as he compared drug cheating to terrorism.
The prime minister was seen wearing a light blue "sadri" jacket as he sat in the Rajya Sabha in the morning.
Mukesh Ambani, will become the IOA's principal partner and help the country's sports federations
Indian Oil Corporation on Thursday sold a fifth of its 9.2 per cent stake in Oil and Natural Gas Corporation to garner Rs 3,685 crore (Rs 36.85 billion).
Had Dhanush not been disqualified, India would have won the team gold with a junior Asian record. The shooter from Hyderabad could have also won an individual medal as he was placed third going into the finals.
"Petrol margins will turn positive from Saturday. Based on the average crude price of second fortnight of October, it (margin) should be around Rs 4 a litre," IOC Chairman Sarthak Behuria told reporters. However, the company would continue to make losses on diesel sales at about Rs 1 a litre.
Indian Oil Corporation is India's only Fortune 500 company.
The once state-owned POAS is the leading player in the distribution, marketing and storage of refining petroleum products in Turkey. Besides, several other companies also have a sizeable market share, including BP, ExxonMobil, Shell, Total, and Turkish company Opet. IOC has tied up with Calik Enerji of Turkey to takeover a fuel retailing company in Turkey, a company official said but declined to identify the target company.
As part of its efforts to make Indian firms globally competitive, the government has allowed refiner Indian Oil Corporation and exploration firm Oil and Natural Gas Corporation to set up oil trading and risk management desk.\n\n\n\n
IBP's strong presence in the northern markets will complement IOC's marketing strengths and therefore, on a consolidated basis, the combined entity will benefit (but in FY05, the merger is likely to affect IOC's profitability marginally). \n
Indian Oil Corporation may buy the government's 26 per cent stake in oil and gas exploration firm Oil India Ltd for about Rs 2,000 crore (Rs 20 billion).
A potential row between FIFA and the International Olympic Committee was finally averted on Thursday after FIFA's Congress ruled the men's Olympic tournament would remain an Under-23 competition.
The Indian Oil Corporation's attempt to raise $35 million for its Sri Lanka operation has been a huge success with the company's initial public offering being oversubscribed by over six times.
British freestyle skier Gus Kenworthy has urged the International Olympic Committee (IOC) not to allow countries that have "appalling human rights stances" to host the Games and questioned China's suitability to stage the 2022 Winter Olympics.
