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.
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.
Indian Oil Corporation (IOC) has come a long way in its 50 years of existence.
The Indian Oil Corporation on Tuesday signed a memorandum of collaboration with the Bharat Sanchar Nigam Ltd to cross-sell their products and services.
Paris is, and will continue to be, dogged by the usual gripes about staging the greatest show on earth.
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.
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.
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 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 world 400m champion was alleged to have failed a test for the steroid nandrolone before the 2000 Sydney Olympics.
Russian figure skater Valieva banned for doping, ROC loses Olympic gold
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.
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.
The acquisition of stake in Progress Energy Resources Corp for 1 billion Canadian dollars ($900 million) mark IOC's maiden entry into North America.
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.
Govt to earn Rs 13,000 crore via stake sales in NTPC and IOC.
The IOC has taken out a $170 million insurance policy to cover total or partial cancellation of the 2004 Olympic Games.
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.
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.
North Korean shooters snub South Koreans on podium
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.
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.
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.
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.
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.
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.
What is more surprising is that a surge in Russian oil supplies has come after the G7 imposed stringent sanctions on Moscow.
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.
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.
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.
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.
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.
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
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