Indian Oil Corporation, the country's largest oil firm, lost about Rs 4,900 crore (Rs 49 billion) in revenues during the first quarter of the current fiscal on selling fuel below the cost.
The International Olympic Committee will issue guidelines this week aimed at protecting athletes and visitors from Zika, a mosquito-borne virus spreading rapidly across South America months before the Rio de Janeiro Games in August.
Olympic chief Bach said on Saturday that he was sure clean Russian athletes would compete at the 2016 Games
During the procession that lasted for more than three-and-half hours, he passed through 14 assembly constituencies.
IOC had challenged the Uttar Pradesh government decision.
It urged Guinea's authorities to immediately reconsider the decision.
Brisbane had been the preferred host, chosen in February, and the board's proposal now goes to the IOC session before the Tokyo Olympics
Tatas have joined hands with state refiner Indian Oil and exploration firm Oil India Ltd to consider bidding for acquiring Caspian Energy Group LLP's (CEG) interest in an Azerbaijan oil field.Tata Petrodyne Ltd, a wholly-owned subsidiary of Tata Sons, has joined the IOC-OIL combine to make a bid to buy CEG's 51 per cent stake in the Shivran Oil Operating Company that runs the Kyurovdag oil field in Azerbaijan, industry sources said.
The US needs to make a more serious commitment to the fight against performance enhancing drugs.
IOC's marketing director GC Daga said that the company is planning to open 1,000 rural outlets with Kisan Seva Kendras or farmer service centres attached to them.
In a new twist to controversial elections of the IOA, the International Olympic Committee warned of a possible ban on the national sports body if government regulations are followed in its poll on December 5.
Indian Oil Corporation and Bharat Petroleum Corporation have backed out of Gail's Vizag-Secunderabad LPG pipeline.
The National Commodity and Derivatives Exchange Ltd plans to rope in oil companies like Indian Oil Corporation and Reliance Industries Ltd to boost Brent crude futures trading on the bourse.
Indian Oil Corporation plans to invest about Rs 25,000 crore (Rs 250 billion) for setting up a new 15 million tonnes refinery and petrochemicals complex at Ennore in Tamil Nadu to maintain its position as India's largest refiner.
The US Export-Import Bank said on Tuesday that it will provide $75 million in loan guarantees for exports of US technology, equipment and services to build Indian Oil Corp's Rs 5104 crore (Rs 51.04 billion) integrated petrochemical complex at Panipat
Though General Insurance Corporation of India has a majority stake of 40 per cent as the re-insurer, the rest was re-insured with global reinsurers.
Indian Oil Corporation (IOC), Bharat Petroleum and Hindustan Petroleum may post a combined loss of Rs 10,700 crore in June quarter on selling petrol and diesel at rates below cost, a report said on Monday. While the raw material (crude oil) prices soared in April-June, petrol and diesel prices were not revised, leading to marketing losses which offset strong refining margins, ICICI Securities said in the report. The three state-owned oil marketing companies -- IOC, BPCL and HPCL -- control 90 per cent of the retail petrol and diesel sales in the country.
Bach said Tokyo was 'the best-prepared Olympic city,' in remarks at the start of a three-day virtual IOC session.
'The occasion was even more special because I had Abhinav A Bindra sir with me.'
In the ongoing Women's World Championship, Jaismine Lamboria clinched her opening bout on Friday.
IOC has not yet taken a view on the feelers sent by Reliance.
Cricket has been shortlisted for potential inclusion at the 2028 Los Angeles Games along with baseball-softball, flag football, lacrosse, breakdancing, karate, kickboxing, squash and motorsport.
IOC has hired six banks, Merrill Lynch, Citigroup and ICICI Securities, to handle the public offer.
Indian Oil Corporation (IOC) and two other public sector oil firms will install 22,000 electric vehicle (EV) charging stations over the next 3-5 years to support the nation's target to reduce its carbon intensity and reach net zero emissions by 2070. IOC, the country's largest state-controlled refiner by capacity, will set up EV charging facilities at 10,000 fuel outlets over the next three years, chairman Shrikant Madhav Vaidya said. Bharat Petroleum Corporation Ltd (BPCL) said it will set up 7,000 stations over the next five years while Hindustan Petroleum Corporation Ltd (HPCL) has plans for 5,000 stations.
According to AP, minor scuffles broke out after the police stopped the protesters along their march around 20 meters away from the venue of the IOC's meeting.
Launching a fresh attack on the Bharatiya Janata Party, Congress leader Rahul Gandhi has said that the ruling party follows 'an ideology of hatred and violence', and at the heart of their ideology is 'cowardice'.
World champion Nikhat Zareen is keen to use the experience gained in the recently-concluded global event to qualify for the 2024 Olympics.
While prices sustaining lower levels is crucial, Govt actions are also a key monitorable given the forthcoming elections in 2024.
State-owned Indian Oil Corp (IOC) is looking at selling oil bonds worth Rs 1,000-1,500 crore (Rs 10-15 billion) this month in the open market even as its crude oil import bill has declined by about 67 per cent on falling global rates.
The professional sports world was shocked last month when the U.S. Anti-Doping Agency reported that a new undetectable steroid -- THG -- had been created that allowed athletes to pass doping tests.
The principles are a departure from Rule 50 of the Olympic Charter that stipulates "no kind of demonstration or political, religious or racial propaganda is permitted in any Olympic sites, venues or other areas".
Obed Hrangchal, a 28-year-old Indian Jew from Mizoram who immigrated to Israel in 2020, has won the Jewish state's kickboxing championship and is likely to represent the country in international competitions.
Petroleum and oil marketing companies raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 350.50 per unit and domestic LPG cylinders by Rs 50 per unit with immediate effect from Wednesday.
Reliance Industries (RIL) is likely to be the lone bidder for Mangalore-based JBF Petrochemicals, which is up for sale after defaulting on bank loans worth Rs 5,000 crore. The lenders for the second time extended the deadline for submission of bids, which had ended on August 20, as several players, including public sector companies, were redrawing their acquisition plans, said people in the know. "There were several companies which had submitted their expressions of interest (EoIs) for the company but after due diligence decided to exit the race," said a source close to the development. "The new deadline for submitting financial offers is August-end," the source said.
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