The International Olympic Committee made it clear on Wednesday that it will propose suspension of the Indian Olympic Association at its Executive Board Meeting early next month if the upcoming elections are held under the government's Sports Code.
Describing wrestling's omission from the 2020 Summer Games as against the Olympic tradition, the Sports Ministry asked India's representative in the IOC Randhir Singh to urgently take up the matter with the Executive Board and request the world body to reconsider its decision.
The International Olympic Committee (IOC) will not impose a blanket ban on Russia for next month's Rio Olympics over the nation's doping record but will leave decisions on individual athletes' participation with their sports federations, it said on Sunday.
Left in lurch after denial of government funding, Indian luge competitor Shiva Keshavan has found support from the IOC, which has granted him the Olympic Solidarity Scholarship to compete in the qualifiers for the 2014 Sochi Winter Games.
United Nations Secretary General Ban Ki-moon will deliver a keynote speech at the International Olympic Committee session this week before the start of the Sochi winter Games, IOC President Thomas Bach said on Monday.
Officials from State-run refiners contend that savings from purchase of Russian oil are used to offset a part of the losses in revenues from selling transport fuels and LPG at State-set rates.
Some members of Ukraine's Sochi Olympics team have decided to leave the Winter Games as widespread anti-government protests back home have left dozens dead and hundreds injured, the International Olympic Committee said on Thursday.
North Korean shooters snub South Koreans on podium
Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. Three state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row. This is despite the raw material (crude oil) cost surging last year, leading to heavy losses in first half of 2022-23 fiscal year before easing oil prices propelled them to profitability.
The IOC had stripped the IBA in 2019 of its involvement in last year's Tokyo Olympics due to governance, finance, refereeing and ethical issues. The sport was also not included in the initial programme for the 2028 Los Angeles Games.
The London 2012 Olympics will be the first to have a set of guidelines for female athletes with excessive levels of male hormones, the International Olympic Committee (IOC) decided on Tuesday.
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.
Notwithstanding the IOC ban on the country, India will host the prestigious Asian Athletics Championships in Chennai in July as the continental athletics body gave its go-ahead to the event, in Gurgaon on Saturday.
The International Olympic Committee has fixed the dates of the joint meeting with the Indian Olympic Association and Sports Ministry in the second week of next month to find a way towards resolving the issues that led to the country's ban from the Olympic family.
International Cycling Union (UCI) chief Pat McQuaid has stepped down as member of the International Olympic Committee panel evaluating 2020 Games bids, citing time constraints, the IOC said on Wednesday.
Bach, IOC President, has been invited to visit India for a meeting with Prime Minister Modi.
IOC's entry into Haldia Petrochemcials Limited was virtually approved of, with the two main promoters -- West Bengal government and The Chatterjee Group -- agreeing to IOC's proposal of management control in the company.
The IOC could take further action -- including expulsion from the Olympics -- against the eight badminton players disqualified for discrediting their sport by trying to lose on purpose.
"The downgrade would mean they would have no buyers for their debt papers. It would also impact borrowing from overseas banks," said a Mumbai-based analyst.
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.
The government is not considering selling equity in Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC), Petroleum Secretary S Sundareshan said on Wednesday.
Yoshiaki Tsutsumi had been one of only four honour members, a list that also includes former U.S. Secretary of State Henry Kissinger.
The International Olympic Committee has conducted 650 drugs tests since the start of the Olympic period and not yet recorded a positive test, IOC Medical Director Patrick Schamasch said on Thursday. The IOC took over anti-doping controls from the World Anti-Doping Agency on July 27, the official opening of the athletes' village, and will run tests until the end of the Games.
Indian Oil Corporation, the country's largest fuel retailing firm, has demanded a hike in security deposit on cooking gas LPG cylinders to Rs 900 in view of the spurt in steel prices.
In its petition filed before the Appellate Tribunal for Electricity, IOC, supported by sister public sector firms like ONGC, challenged PNGRB's decision to look into the pricing of the two auto fuels contending that the downstream regulator had no jurisdiction to decide the price.
Former IOA secretary general Randhir Singh said that the IOC's decision to ban the Indian Olympic Association gives an "opportunity" to clean the mess, and insisted that the international body is not against the country but against the system.
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.
The International Olympic Committee (IOC) on Friday unveiled its first ever team of refugees which will have 10 members and 12 officials and will compete at the 2016 Rio de Janeiro Games under the Olympic flag.
State-run Indian Oil Corporation will import 31.41 million tonnes of crude oil this fiscal, 53 per cent of which would be on term contracts.\n\n\n\n
Safety levels for the London Olympics have not been compromised by a major security contractor's failure to find enough staff, the International Olympic Committee (IOC) said on Monday, less than two weeks before the Games begin.
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.
What is more surprising is that a surge in Russian oil supplies has come after the G7 imposed stringent sanctions on Moscow.
No casualty has been reported at the Rajbandh terminal in Burdwan district but locals fear the fire may spread to the HPCL terminal nearby
Sudhir Bisht urges R S Butola, chairman of Indian Oil Corporation to take up cudgels on behalf of the shareholding public so that IOC remains a 'profit-making' Fortune 500 company.
Indian Oil Corporation (IOC) has come a long way in its 50 years of existence.
State-owned Indian Oil Corp on Friday reported a 16 per cent drop in fourth quarter net profit to Rs 55.57 billion (Rs 5,556.77 crore) as it was not fully compensated for selling fuel below cost.
The Indian Oil Corporation on Tuesday signed a memorandum of collaboration with the Bharat Sanchar Nigam Ltd to cross-sell their products and services.
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