IOC and its sister PSUs, Hindustan Petroleum and Bharat Petroleum, sell diesel, domestic LPG and kerosene at rates way lower than their imported cost to help government keep general price inflation under check.
IOC sales rose to Rs 109,859.49 crore (Rs 1,098.59 billion) in Q2 from Rs 105,791.29 crore (Rs 1,057.91 billion) in the same period of 2012-13 fiscal, the company said in a filing to the stock exchanges.
Richardson was banned last year for a month for testing positive for cannabis
Flying high on the country's aviation industry boom, Indian Oil Corporation expects to continue its double digit growth in the aviation fuel business despite the entry of Oil and Natural Gas Corporation into the segment.
The proposal was under consideration of the Cabinet, Sarthak Behuria, chairman, Indian Oil Corporation, told reporters in Chennai after presiding over a memorandum of collaboration event.
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Athletes at the Winter Olympics in Sochi may be punished for making statements on the podium against Russia's anti-gay laws or human rights record but can do so at news conferences without fear of sanction, the IOC said.
Veteran sports administrator Narinder Batra's former office at the Indian Olympic Association headquarters and the Hockey India office in New Delhi were on Monday raided by CBI officials.
Reliance Industries Ltd's legal battle over the Uttar Pradesh government's decision to impose 21 per cent value-added tax on gas is holding up supply to NTPC's two power plants and Indian Oil Corporation's Mathura refinery, despite a group of ministers making allocation to them.
SAARC nations, including Bangladesh, Pakistan, Sri Lanka and Nepal are projected to have a fuel deficit of 17.05 million tons by 2015 and 20.85 million tons by the year 2020. IOC has said if the SAARC countries accept a long-term tie up with IOC for the supply of petroleum products, it can suitably expand some of its existing refineries to meet their requirement on mutually agreed terms based on international prices.
The legendary PT Usha will be officially elected as the first woman president of Indian Olympic Association (IOA) during the governing body's polls on Saturday, ushering in a new era in country's sports administration.
FIDE said it will do its utmost to find another organiser for the Olympiad and will provide more information in due time.
Indian Oil Corporation may bid for acquiring petrol pumps owned by Kuwait Petroleum Corporation and Jet, a subsidiary of Canoco Philips, in Thailand to expand its retailing operations beyond India.
Indian Oil Corporation, the country's largest oil firm, lost about Rs 4,900 crore (Rs 49 billion) in revenues during the first quarter of the current fiscal on selling fuel below the cost.
Only 47 per cent of tickets have been sold so far, while premium events and opening ceremony have been technically sold out
The International Olympic Committee will issue guidelines this week aimed at protecting athletes and visitors from Zika, a mosquito-borne virus spreading rapidly across South America months before the Rio de Janeiro Games in August.
IOC had challenged the Uttar Pradesh government decision.
Olympic chief Bach said on Saturday that he was sure clean Russian athletes would compete at the 2016 Games
'Equal treatment for female athletes requires the IBSF and IOC to allocate the same number of sled spots to women bobsledders as men'
Tatas have joined hands with state refiner Indian Oil and exploration firm Oil India Ltd to consider bidding for acquiring Caspian Energy Group LLP's (CEG) interest in an Azerbaijan oil field.Tata Petrodyne Ltd, a wholly-owned subsidiary of Tata Sons, has joined the IOC-OIL combine to make a bid to buy CEG's 51 per cent stake in the Shivran Oil Operating Company that runs the Kyurovdag oil field in Azerbaijan, industry sources said.
The US needs to make a more serious commitment to the fight against performance enhancing drugs.
IOC's marketing director GC Daga said that the company is planning to open 1,000 rural outlets with Kisan Seva Kendras or farmer service centres attached to them.
Kamila Valieva failed a drug test for a banned substance before the Games.
In a new twist to controversial elections of the IOA, the International Olympic Committee warned of a possible ban on the national sports body if government regulations are followed in its poll on December 5.
Indian Oil Corporation and Bharat Petroleum Corporation have backed out of Gail's Vizag-Secunderabad LPG pipeline.
The National Commodity and Derivatives Exchange Ltd plans to rope in oil companies like Indian Oil Corporation and Reliance Industries Ltd to boost Brent crude futures trading on the bourse.
'On the other side, we have an ideology of hatred and violence, a disrespectful ideology that attacks people because of their ideas. And you must have noticed one thing that this is in the nature of BJP and the RSS'
The US Export-Import Bank said on Tuesday that it will provide $75 million in loan guarantees for exports of US technology, equipment and services to build Indian Oil Corp's Rs 5104 crore (Rs 51.04 billion) integrated petrochemical complex at Panipat
Indian Oil Corporation plans to invest about Rs 25,000 crore (Rs 250 billion) for setting up a new 15 million tonnes refinery and petrochemicals complex at Ennore in Tamil Nadu to maintain its position as India's largest refiner.
Though General Insurance Corporation of India has a majority stake of 40 per cent as the re-insurer, the rest was re-insured with global reinsurers.
Billionaire Mukesh Ambani's Reliance Jio is India's strongest telecom brand in India, ahead of Bharti Airtel and Vodafone Idea Ltd, according to brand intelligence and data insights company TRA. TRA, formerly Trust Research Advisory, in its 'India's Most Desired Brands 2022' ranked companies according to their brand strength. Reliance Jio topped the telecom category, followed by Bharti Airtel, Vodafone Idea Ltd and BSNL.
Boxing and weightlifting federations were given 18 months time to set their house in order to be considered for the 2028 Games.
It urged Guinea's authorities to immediately reconsider the decision.
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