Ioc

The slow energy switch: IOC, BPCL, HPCL need faster ride to net-zero goals

Given their outsized contribution to air pollution & net-zero targets, state-run oil firms must accelerate cuts in greenhouse gas emissions. The country's hobbling renewable projects may delay plans

Buy or Sell? How to trade Reliance, ONGC, OMC shares amid Russian oil ban

Crude Oil prices have soared 7% in the last two weeks following fresh US sanctions on Russian oil imports. Back home, shares of oil exploration and marketing companies look favourably placed on charts

Indian Oil, BPCL resume buying Russian oil for September as discounts widen

Discounts for Russian flagship Urals crude have widened to about $3 per barrel, making the oil attractive for Indian refiners, while China has stepped up purchases, the officials said

Consulted IOC for drafting of National Sports Bill, says Mandaviya

Sports Minister Mansukh Mandaviya on Thursday said that the National Sports Governance Bill, which will be tabled in the Parliament during next week's monsoon session, has been drafted with inputs from not just the stakeholders here but also international bodies like the IOC and FIFA. Addressing the one-day 'Khelo Bharat Conclave', featuring representatives from the Indian Olympic Association (IOA), National Sports Federations (NSFs), the corporate world and athletes, the minister reiterated his commitment to have the bill passed for which he has even held discussions with former sports minister and Congress leader Ajay Maken. The monsoon session of the Parliament will start on July 21. "I did a series of consultations with NSFs, athletes, coaches, also got 600 inputs from the public when the draft was put online for suggestions. I also had a three-hour meeting with sports lawyers to understand their perspective," Mandaviya stated in his address. "The IOC (International Olympic ...

OMC stocks: HPCL, BPCL, IOC slip up to 5% a day after crude oil jumps 4%

OMC stocks: HPCL, BPCL, IOC shares were under pressure in Thursday's trade as oil prices rose on fresh tensions scaling up in Middle East

Coventry's rise as IOC's first woman president: A giant leap for womankind

Hours after her ascension, Coventry, 41, found herself facing inquisitive reporters, who probed her on how she would handle US President Donald Trump in her new role

Who is Kirsty Coventry? First female, youngest, African IOC president

Securing 49 out of 97 votes, Kirsty Coventry won a decisive victory over Spanish IOC vice-president Juan Antonio Samaranch Jr and World Athletics president Sebastian Coe

Kirsty Coventry makes history as 1st female, African IOC President

Kirsty Coventry was been elected president of the International Olympic Committee as the first woman and first African to get perhaps the biggest job in global sports aged just 41. The Zimbabwe sports minister and two-time Olympic swimming gold medalist got a stunning first-round win in the seven-candidate contest after voting by nearly 100 of her colleagues in the IOC membership. It had been the most open and hard-to-call IOC presidential election in decades with no clear front-runner before the vote.

Ahead of IOC election, 350 Olympians urge to make climate action priority

Around 350 Olympians from 85 countries, including India's Saina Nehwal and PR Sreejesh, have written a letter to the International Olympic Committee (IOC) presidential candidates, urging them to make climate action their top priority. As IOC members gather in Costa Navarino, Greece, to vote on the seven candidates next week (March 18-21), the Olympians called for stronger commitments from the IOC to cut carbon emissions, promote sustainability in host cities, set clear guidelines on polluting sponsors and use its platform to advocate for climate action. Climate impacts are "no longer a distant threat, but a current and growing harm to the sports we love and to the countries that make up our Olympic family", the letter said. The signatories include 57 Olympic champions and over 100 Olympic flag bearers. They represent some of the world's most climate-vulnerable nations, including Argentina, Aruba, the Bahamas, Cabo Verde, Colombia, Cook Islands, Eswatini, Fiji, Ghana, India, Kenya, .

Trump admin to pressure IOC to come up with uniform transgender athlete ban

President Donald Trump is ready to take his fight against transgender athletes to the International Olympic Committee. Trump said Wednesday during a signing ceremony for an executive order aimed at banning transgender athletes from women's sports that his administration wants the IOC to change everything having to do with the Olympics and having to do with this absolutely ridiculous subject" ahead of the 2028 Summer Games in Los Angeles. The order empowers the Secretary of State's office to pressure the IOC to amend standards governing Olympic sporting events to promote fairness, safety and the best interests of female athletes by ensuring that eligibility for participation in women's sporting events is determined according to sex and not gender identity or testosterone reduction. The order also calls for the secretary of state and the Department of Homeland Security to review and adjust, as needed, policies permitting admission to the United States of males seeking to participate i

HPCL share price rises 5% on posting strong Q3 show; IOC, BPCL also gain

HPCL Q3 released on Thursday, after market hours, showed that the company's net profit increased 257 per cent Y-o-Y to Rs 2544 crore as compared to Rs 712.84 crore a year ago

Ceat, MRF, IOCL: Oil-linked stocks slip as crude oil rises above $81/bbl

Brent crude futures climbed $1.48, or 1.86 per cent, to $81.24 a barrel by 0113 GMT after hitting an intraday high of $81.49, the highest since August 27

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi, Swiggy, Zomato, SAIL

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi will be in focus post their Q3 results, also, Swiggy, Zomato, Vi and others will be on the radar

Stocks to Watch, Jan 3, 2025: TaMo, M&M, Airtel, Avenue Supermarts, IOC

Stocks to Watch, Jan 3, 2025: From Avenue Supermarts to Tata Motors, here are few stocks that will be on investors' radar today

IOC to invest Rs 61,000 crore for naphtha cracker project in Odisha

State-owned Indian Oil Corporation Ltd (IOCL) will invest Rs 61,000 crore to set up a naphtha cracker project at Paradip in Odisha, a statement said on Tuesday. A Memorandum of Understanding (MoU) for this will be signed between the Odisha government and the IOCL in January during the 'Utkarsh Odisha Make in Odisha 2025' summit, it said. The foundation stone of the IOC's upcoming Rs 4,352 crore yarn project at Bhadrak will also be laid at that time, it added. The decisions were taken at a meeting between Chief Minister Mohan Charan Majhi and IOCL Chairman AS Sahney in Bhubaneswar. "The Naphtha Project in Paradeep has received in principle approval and IOCL will invest over Rs 61,000 crore for the project. It is likely to be one of the largest projects in the sector in the country. The State Government is an equity holder of this project, and will earn dividends in addition to taxes," said the statement issued by the Chief Minister's Office. "It was also decided that, the foundati

IOC withholds Olympic Solidarity fund for IOA amid internal conflict

The infighting in the IOA has prompted the International Olympic Committee to withhold the Indian body's share of the Olympic Solidarity grants meant for athlete development programmes, triggering a fresh war of words between its embattled President P T Usha and treasurer Sahdev Yadav. The IOC took the decision in its Executive Board meeting on October 8 and communicated it to the Indian Olympic Association (IOA) in a letter on Friday. "There are obvious ongoing internal disputes and governance issues facing the IOA, including a number of reciprocal allegations which have been raised within the Executive Council," said the letter sent to Usha and Executive Council members by James MacLeod, NOC Relations and Olympic Solidarity Director. "This situation creates a lot of uncertainty and needs clarification and therefore, until further notice, the IOC and Olympic Solidarity will not make any payments to the IOA, except for direct payments to athletes benefiting from Olympic ...

After board meeting, Indian Oil withdraws Rs 22,000 crore rights issue

The decision came after a communication from the Ministry of Petroleum and Natural Gas, which said that no funds had been earmarked for capital support to Oil Marketing Companies in the 2024-25 Budget

12 EC members write to IOC accusing IOA chief PT Usha for 'autocracy'

The feud between Indian Olympic Association (IOA) president PT Usha and revolting Executive Council members took another ugly turn after a dozen of them shot off a letter to senior IOC official Jerome Poivey accusing the legendary athlete of running the organization in an "autocratic" manner. During Thursday's meeting, there was a bitter confrontation during the IOA meeting where the embattled Usha outrightly rejected their appeal of removing Raghuram Iyer from CEO's post. In a letter to Poivey, the head of Institutional Relations and Governance at the International Olympic Committee (IOC), who attended the stormy IOA Executive Council meeting via video-conference, the 12 EC members said they want the the national body to be governed "democratically". Usha, on her part, has already said that the appointment of Iyer was done by strictly adhering to the IOA constitution in an EC meeting on January 5, which was video-graphed, and there was no reason to backtrack from that decision. Th

Hosting 2036 Olympics India's dream, preparations on, PM Modi says

Asserting that India has the ability to stage large-scale global events, Prime Minister Narendra Modi on Thursday said the country is leaving no stone unturned in its efforts to host the Olympics in 2036. Along with India, several other nations such as Saudi Arabia, Qatar and Turkey are positioning themselves as strong contenders to host the sporting spectacle. The International Olympic Committee (IOC) is expected to decide the host only next year after holding its elections. "It is the dream of India to host the 2036 Olympics, we are making preparations for that," Modi said in his address to the nation from the ramparts of Red Fort on the 78th Independence Day. The Prime Minister said India's successful hosting of the G20 Summit last September in New Delhi and other cities showcased the existing infrastructure in the nation. "India organising the G20 Summit on a large scale has proven that India has the capability to organise large-scale events," he said. India's audacious plan h

GAIL head Sandeep Gupta in the race for Indian Oil Corp's new chairman

Nearly a dozen candidates on Sunday appeared for interview before a search-cum-selection panel that is looking to appoint the new chairman of Indian Oil Corporation (IOC), the nation's largest oil firm, sources said. While 10 out of the nearly 60 candidates who applied were called for interviews, GAIL chairman and managing director Sandeep Gupta is being considered a wildcard. Gupta had not applied but was called for the interview, three sources aware of the matter said. "They had invited 10 of the candidates who had applied. Gupta was the 11th person to be interviewed," one of them said. Gupta, 58, was director (finance) in IOC before he was appointed the CMD of gas utility GAIL in October 2022. Those interviewed on Sunday included two directors on IOC board - Satish Kumar Vaduguri (Director-Marketing) and Arvind Kumar (Director-Refineries). Five executive directors of the company too were interviewed. Bharat Petroleum Corporation Ltd (BPCL) director (marketing) Sukhmal Kumar J