Indian Oil Corp, the nation's largest oil firm, today said it is losing Rs 320 crore (Rs 3.20 billion) a day on fuel sales and may see future projects getting impacted if the current situations continues in 2009. "We are losing about Rs 320 crore a day on sale of petrol, diesel, domestic LPG and PDS kerosene," IOC Chairman Sarthak Behuria told reporters on the sidelines of 5th Asia Gas Partnership Summit in New Delhi.
Indian Oil Corporation, the nation's largest fuel retailer, is likely to hike petrol prices by Rs 0.33 per litre from Tuesday. IOC Chairman B M Bansal said international crude oil prices have risen since the last price revision, necessitating an increase in domestic retail prices.
One Olympic sport will learn next month that its Games future is in jeopardy when the International Olympic Committee (IOC) meets to decide the shape of the summer Games from 2020.
The world 400m champion was alleged to have failed a test for the steroid nandrolone before the 2000 Sydney Olympics.
USA withdrew from Russian-led International Boxing Association and is set to join the breakaway federation.
In its biggest ever investment abroad, state-run Indian Oil Corporation has clinched a $3 billion deal to develop a gas block in the gigantic South Pars gas field of Iran and sell LNG from it.
The acquisition of stake in Progress Energy Resources Corp for 1 billion Canadian dollars ($900 million) mark IOC's maiden entry into North America.
Govt to earn Rs 13,000 crore via stake sales in NTPC and IOC.
A boycott of the London Games because of Dow Chemical's sponsorship has not been mentioned by the Indian Olympic Association, the International Olympic Committee (IOC) said.
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.
The new International Olympic Committee president will be elected in Buenos Aires after the Argentine capital on Wednesday beat Malaysia's Kuala Lumpur for the right to host the 2013 IOC session.
The IOC has taken out a $170 million insurance policy to cover total or partial cancellation of the 2004 Olympic Games.
Wrestling has introduced drastic changes designed to keep the ancient sport in the Olympic programme, the newly-elected president of the world governing body (FILA) said on Saturday.
Wrestling has introduced drastic changes designed to keep the ancient sport in the Olympic programme, the newly-elected president of the world governing body (FILA) said on Saturday.
Cricket is seen as one of the favourites given the sport's wide global reach, its financial strength and broadcast appeal.
IOC, in the annual performance memorandum it signs with the petroleum ministry, stated that the Navratna oil companies should be granted freedom to fix retail selling price of petrol, diesel, domestic LPG and kerosene.
India has welcomed the IOC's invitation to attend a meeting at its headquarters in Switzerland and sees it as a positive step towards its return to the Olympic fold, a top government official told Reuters on Friday.
The IOC took back US sprinter Marion Jone's five Sydney 2000 Games medals after she admitted to taking drugs.
The dashing India forward scored three goals in a 4-0 win over CISF in the Bombay Gold Cup hockey tournament.
Besides IOC, Royal Dutch Shell is believed to have evinced interest in reviving the petrol pumps, industry sources said. Reliance, as part of a two part bid process, had sought expression of interest from IOC, Shell, Bharat Petroleum and Hindustan Petroleum by Friday for a possible partnership for reopening the petrol pumps.
The Indian Olympic Association's acting president V K Malhotra and IOC member in India Randhir Singh are apparently miffed with the world body's changed stance.
After making it available at petrol pumps, the convenient 5-kg cooking gas (LPG) cylinder will now be available at kirana stores and supermarkets in select cities.
International Olympic Committee (IOC) president Thomas Bach, who is scheduled to meet Prime Minister Narendra Modi later this month, feels that a huge country like India should win more Olympic medals and aim to become a sporting powerhouse in the future
Faced with huge under-recoveries, Indian Oil Corporation on Saturday sought an immediate upward revision of petrol and diesel prices to the the extent of Rs 10.50 paise per litre.
International Olympic Committee President Thomas Bach laid to rest speculation about India's possible bid for the 2024 Olympics, saying Prime Minister Narendra Modi did not even propose it during their meeting in New Delhi on Monday.
The International Olympic Committee proposed to hold a meeting with Indian Olympic Association and government representatives while maintaining that it would consider lifting of the ban on India only if the IOA holds elections solely under the Olympic Charter.
Athletes from one sport should not be punished for the sins of those from another, the IOC president said on Wednesday, cooling speculation that Russia could be banned from the Olympics altogether for systematic doping.
Olympic long jump champion Greg Rutherford has branded the International Olympic Committee's decision not to impose a blanket ban on Russia at next month's Rio Games as "spineless" and expressed surprise that more athletes were not speaking out.
An International Olympic Committee rule that forces a sport to wait seven years before it can potentially become part of the Games programme is "more or less obsolete," IOC President Thomas Bach said on Monday.
ONGC Videsh Managing Director Ranbir Singh Butola was selected to head Indian Oil Corp, the nation's largest refining and fuel marketing firm.
IOC and sister PSUs Bharat Petroleum and Hindustan Petroleum are losing Rs 4.60 on sale of every litre of petrol and Rs 2.33 per litre of diesel currently, IOC director (marketing) G C Dagga told reporters in New Delhi.
From wrestlers' protest to WFI elections: Timeline
With the sword of suspension by the International Olympic Committee over its head, the Indian Olympic Association officials met Sports Minister Jitendra Singh on Friday in a bid to resolve the election dispute. A nine-member panel, which included president-designate Abhay Singh Chautala met the minister and urged the government to find a solution to the problem as soon as possible.
Indian Oil Corporation has been ranked as the number one oil trading company amongst national oil companies in the Asia Pacific region.\n
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.
Public sector oil giant Indian Oil Corporation is investing $100 million in its Sri Lankan subsidiary Lanka IOC Ltd during 2004-05 as part of its retail foray in the island country.
The Sports Ministry-IOA row over the tenure limit guidelines has been settled and both have agreed to "work together with mutual respect and understanding", the International Olympic Committee said in a statement.
IOC president Jacques Rogge promised that the IOC would take any necessary action over allegations made about bidding for the 2012 Games.
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