With crude oil touching a record $72 per barrel, Indian Oil Corporation is seeking a Rs 5.6 per litre increase in petrol and Rs 7.6 a litre hike in diesel prices to offset the Rs 80-crore (Rs 800-million) revenue loss per day.
'It is great news (cricket in Olympics) if you are a business-person. America has a large section of Asian expats, who are crazy about cricket and they will fill the stadium and of course will follow the game on TV or streaming apps.'
With hopes of the ban on the Indian Olympic Association being lifted, Sports Minister Jitendera Singh, on Monday, cleared the air, stating that, if needed, he will meet International Olympic Committee officials in Lausanne.
Net profit in the January-March quarter stood at Rs 3,905.16 crore (Rs 39.05 billion) from Rs 5,556.77 crore (Rs 55.56 billion) a year ago, IOC chairman R S Butola told reporters in New Delhi.
Indian Oil Corporation on Tuesday reported 111.9 per cent rise in its net profit at Rs 6,115 crore (Rs 61.15 billion) during 2002-03 as against Rs 2,885 crore (Rs 28.85 billion) in the previous fiscal.
India's largest oil producer Oil and Natural Gas Corp and the country's largest firm Indian Oil Corp may get two chief executives each to manage their mammoth operations.
The Sochi Winter Games set records in competitor numbers, medals awarded and quality of venues, keeping athletes happy and proving critics wrong, said International Olympic Committee President Thomas Bach on Sunday.
The top Indian Olympic Association (IOA) delegates were busy giving finishing touches to their action plan as they geared up for the crucial meeting with the International Olympic Committee in Lausanne to draw a roadmap for India's return to the Olympic fold.
Indian Oil Corporation and Grasim Industries have jointly bagged the prestigious Rajiv Gandhi National Quality Award for 2003.
Tokyo would be an inspirational choice to host the 2020 Olympic Games, Prime Minister Shinzo Abe told Olympic officials on Monday, with Japan keen to showcase its recovery from a devastating 2011 earthquake and tsunami.
In a reprieve to the suspended Indian Olympic Association, the International Olympic Committee has decided to extend the deadline for adopting an amended constitution, the draft of which is currently being reviewed by the world body.
The International Olympic Committee and the soft drink giant, the Coca-Cola Company have renewed their partnership for the Olympic games for an unprecedented 12 years till 2020.
The International Olympic Committee has stripped Lance Armstrong of his bronze medal from the 2000 Sydney Olympics because of his involvement in doping.
Indian Oil Corporation, India's largest refiner, on Thursday sold half its stake in gas firm GAIL (India) Ltd for Rs 561.54 crore (Rs 5.61 billion) to repay debts and raise money for expansion plans.
Indian Oil Corporation is keen on acquiring stake in three refineries in Nigeria and is eyeing refinery turnaround jobs in African and West Asian countries.
Mukesh Ambani, will become the IOA's principal partner and help the country's sports federations
Former India hockey captain Zafar Iqbal said the country's prominent athletes would write to the International Olympic Committee seeking its help for drawing up a blueprint for resurrecting sports in the country.
The government on Friday cleared disinvestment in two bluechip state-owned companies IOC and Bhel, which would fetch over Rs 7,300 crore (Rs 73 billion) to the exchequer in the current fiscal.
Two top Indian Olympic Association officials are preparing to leave for Switzerland for a meeting with International Olympic Committee top brass to plead their case in the wake of the world body's decision to propose IOA's suspension in its Executive Board meeting.
The International Olympic Committee's decision to write a letter directly to the Sports Minister for a joint meeting has come as a surprise to suspended IOA officials.
International Olympic Committee (IOC) president Thomas Bach said on Tuesday that the Rio de Janeiro Olympics would be 'spectacular' and a 'great success' despite a political and economic crisis gripping the host nation.
Indian Oil Corporation on Thursday said its under-recoveries would come down by Rs 2,000 crore (Rs 20 billion) in the next six months on account of the price hike in the petroleum products.
IOC beat defending champions Indian Airlines 4-1, while PSB edged past Services 2-1 in the 61st Senior National Hockey Championship.
The state-run Indian Oil Corporation on Wednesday said it plans to begin the commodity derivative transactions in a few weeks as part of its risk management strategy against the volatile international crude oil prices.
Cricket and the Olympics made for strange bedfellows when the sport featured in its roster for the first and only time in the 1900 edition of the games in Paris.
North Korean shooting double medalist Kim Jong-su has tested positive for a banned substance and been excluded from the Beijing Olympic Games and stripped of his medals, the International Olympic Committee said on Friday. A female Vietnamese artistic gymnast, who finished out of the medals, has also tested positive for a banned substance, an IOC spokeswoman told reporters.
Defying the ban imposed by the International Olympic Committee, the IOA today went ahead with its Annual General Meeting and elections, insisting that it had not done anything wrong.
Modi said that the ocean economy held 'enormous promise'.
The state-owned Indian Oil Corporation may see revenue loss on fuel sales jump 63 per cent to over Rs 42,540 crore (Rs 425.40 billion) in the current fiscal.
India's only private sector oil refiner, Reliance Industries, has sought a two-year extension of its agreement with Indian Oil Corp to sell Jamnagar refinery products through the state-run firm's retail network.
State-owned refiner Indian Oil Corp and its exploration partner Oil India Ltd plan to bid for two onshore oil and gas exploration blocks in Myanmar.
China basked in the glow of their 51st gold medal and got a clear thumbs-up from International Olympic Committee on the last day of the Games on Sunday. The hosts finished well clear atop the medals table with 15 more golds than the United States. The last of the 302 gold medals was won by France in the men's handball.
Under the partnership, IOC's rural petrol pump outlets -- Kisan Seva Kendras -- will act as the bank's Business Correspondents, HDFC Bank said in a statement.
The IOC has ruled out marking the 40th anniversary of the Munich massacre at the London Olympics opening ceremony but will visit the airfield where some Israeli team members were killed, it said on Saturday.
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