India's top fuel retailers IOC, BPCL and HPCL together lost around $2.25 billion (Rs 19,000 crore) in revenue for keeping petrol and diesel prices on hold during elections in five states, including Uttar Pradesh, Moody's Investors Services said on Thursday. State fuel retailers did not revise petrol and diesel rates for a record 137 days despite prices of crude oil (raw material for producing fuel) rising to $120 per barrel compared to around $82 in early November when the hiatus began. "Based on current market prices, the oil marketing companies are currently incurring a revenue loss of around $25 (over Rs 1,900) per barrel and $24 per barrel on sale of petrol and diesel, respectively," Moody's said in a report.
Taisuke Matsumoto, a sports law expert at Tokyo's Waseda University, said the contract gives the IOC all the 'bargaining power.' He added that such 'one-sided' deals where the host city has little say are very common for large-scale sports events.
A true legend of the game who paved the way and taught so many of us how to be as a player and as a person.
'The IOC is fully committed to the successful and safe delivery of the Olympic and Paralympic Games.'
Ukraine claimed the gold medal in the women's sabre team event as they rallied to edge South Korea in a thrilling final bout at the Paris Games on Saturday.
Russians, Belarusians to participate at Paris Olympics as neutrals
Over 160 rights groups call on IOC chief to revoke 2022 Beijing Winter Games
A government spokesman said there was "no truth" to a report in Britain's Times newspaper that the government had privately concluded the Games would have to be cancelled.
Indian Olympic Association president Narinder Batra was elected a member of the International Olympic Committee, on Wednesday. Batra was elected to the prestigious seat during the IOC Session in Lausanne as one of the 10 new members, after garnering 58 votes and four against.
Some boos as convicted Dutch rapist makes Olympic beach volleyball debut
Vinesh was disqualified on the morning of the Paris Olympics final for exceeding the 50kg weight limit. During the weigh-in, she was found to be 100 grams over the limit.
'Many of you would not have seen each other since the Youth Games in Lausanne (in January 2020) and this appears to have happened in another age.'
Escalation of the conflict in West Asia between Israel and Iran has had a direct impact on the energy markets, and more broadly on the financial markets as well as the global economy.
'We believe there are other, more creative solutions than rebuilding the Gabba for the Games which provide a legacy for our sports and even greater access for fans to an exceptional Olympic and Paralympic Games.'
Bhaker was composure personified while Singh played an ideal foil as the pair won the 10m air pistol mixed team bronze defeating South Korea to script history at the Olympics on Tuesday.
'The competition is very high in India and the pressure situations we face during trials will definitely help in Olympics. I just wanted to be my best in trials, the fire to perform in trials and the experience of last 15 years really paid off. These things will surely help me in Paris, the experience of playing in the Olympics is there with me.'
India's shooting legend Abhinav Bindra believes the International Olympic Committee was "prompt" in postponing the Tokyo Olympic Games, even as some other top athletes and national associations slammed the IOC for "delaying" the announcement. In an unprecedented move, the 2020 Tokyo Games was on Tuesday pushed to next year due to the COVID-19 pandemic that has wreaked havoc on the world.
The WADA decision is likely to determine whether Russian athletes, who can prove they are clean, will compete as neutrals or whether some will be invited by the IOC to compete in Tokyo.
he International Olympic Committee (IOC) has confirmed that athletes are still banned from protesting at the Olympic Games after several sports moved to allow protests in the wake of George Floyd's death in police custody. Rule 50 of the Olympic Charter states "no kind of demonstration or political, religious or racial propaganda is permitted in any Olympic sites, venues or other areas." Athletes who breach the rule are subject to discipline on a case-by-case basis and the IOC issued guidelines in January clarifying that banned protests include taking a knee and other gestures.
Two-time world champion Nikhat Zareen (50kg) bowed out of the Olympic Games after a shock defeat to Asian Games gold-medallist Wu Yu of China on Thursday.
Yavarivafa would be jailed three times -- once entirely alone for a day, crying and taken from her mother -- before she made it to Birmingham, England at the end of 2019 and finally found a home.
Thomas Bach has virtually complete control over the body and by far the biggest influence on whether the Games will go ahead or not. With the Games having only been cancelled in the past due to World Wars One and Two, Bach will undoubtedly do everything in his power to protect the IOC's prime product
Bach said the International Olympic Committee had limited means of action.
The International Olympic Commission will not change its decision to move the 2020 marathon to Sapporo to avoid the heat, a top Tokyo Olympics planning official said on Friday, despite pleas from Tokyo's governor to keep the race in the capital.
Taiwan supporters celebrated their country's first gold medal at the Paris Games on Sunday during a badminton doubles final that took place without their national flag.
IOA also announced that Sindhu, India's only woman athlete to win back-to-back Olympic medals, will be the flag bearer of the Indian contingent during the opening ceremony on July 26, alongside ace table tennis player Achanta Sharath Kamal.
With less than five months to go until the scheduled start of the Tokyo 2020 Olympics on July 24, questions have been raised as to whether the Games can go ahead. IOC Sports Director Kit McConnell discussed changes to qualification processes with various international sporting federations last week.
Prganisers will be on high alert to ensure the event goes off safely.
Five sports, including cricket and flag football, proposed for inclusion at the Los Angeles 2028 Olympics were approved by the International Olympic Committee executive board on Friday.
As Paris makes final preparations for the Summer Olympics, the grand opening ceremony along the river Seine on Friday has created an unprecedented security challenge that organisers hope won't dampen the party vibe
Prime minister Narendra Modi on Saturday asserted that India will leave "no stone unturned" in its efforts to organise the 2036 Olympics as the government expressed a strong desire to host the biggest sporting event in the world.
The demand for black oils and specialty products like fuel oil, bitumen, petcoke and sulphur has also shown marked improvement, facilitating increase of refineries throughput.
The IOC Executive Board on Wednesday finalised weight categories (eight men, five women) for the Tokyo Games as well as the qualification system.
RIL's bet on burgeoning consumer base and foray into new businesses such as telecom, retail, and digital services vastly expanded its business
The gigantic Stade de France resembled a concert hall hosting a party to celebrate the fortnight of sporting excellence as the breathtaking Closing Ceremony of the Paris Olympics kicked-off with athletes marching into the iconic stadium to thunderous applause in Paris on Sunday.
The International Olympic Committee (IOC), on Friday, cleared Narinder Batra of indulging in any wrongdoing during his election as the IOA president, rejecting the complaint of irregularity filed by the Indian body's vice-President Sudhanshu Mittal.
The torch for the Paris 2024 Olympic Games was lit in ancient Olympia
Yeoh, former Malaysian junior squash champion, made her Hollywood breakthrough when she was cast as the first ethnic Chinese Bond girl in 1997's Tomorrow Never Dies opposite Pierce Brosnan.
State-owned oil firms such as ONGC and IOC will invest over Rs 1.11 lakh crore in the next fiscal year starting April as they supplement the government's massive spending programme to spur economic growth. Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IOC), GAIL (India) Ltd, Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and Oil India Ltd (OIL) will together make a 7.4 per cent higher capital expenditure in the 2022-23 fiscal (FY23). The capex spending of Rs 1.11 lakh crore in 2022-23 compares with a revised estimate of Rs 1.04 lakh crore for the current fiscal year that ends in March, according to Union budget documents.
The US track and field federation joined another leading US Olympic sport, USA Swimming, in seeking a delay to the Games. Neither US Olympic officials nor the IOC were immediately available for comment on USATF's request.
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