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Indian refiners' credit metrics to improve in 12 months: Moody's

Last Updated: Tuesday, August 19, 2014, 20:11

Moody's Investors Service on Tuesday said it expects Indian refiners' credit metrics to improve over the next 12 months on decline in borrowings.

Oil marketing companies' shares gain on lower crude prices

Last Updated: Tuesday, August 19, 2014, 18:08

Shares of state-owned oil marketing companies -- BPCL, HPCL and IOC -- surged up to 4 percent on Tuesday amid falling crude oil prices.

IOC to invest Rs 1,200 cr on LPG pipeline projects

Last Updated: Monday, August 18, 2014, 19:13

State-owned Indian Oil Corporation has proposed to invest about Rs 1,200 crore during the current financial year for expanding its Liquefied Petroleum Gas (LPG) pipeline projects.

IOC to hike processing of cheaper crude to 30% by 2017-18

Last Updated: Monday, August 18, 2014, 16:10

Indian Oil Corp (IOC), the nation's largest oil firm, plans to raise processing of cheaper crude oil varieties to 30 percent by 2017-18 as part of its efforts to improve margins.

IOC to begin commissioning Paradip refinery by December

Last Updated: Tuesday, August 12, 2014, 21:14

Indian Oil Corporation, the nation's largest oil firm, Tuesday said it will begin commissioning its Rs 30,000 crore Paradip refinery in Odisha by the end of the year.

IOC posts Rs 2,523 crore profit in June quarter

Last Updated: Tuesday, August 12, 2014, 17:18

Indian Oil Corporation (IOC), the nation's biggest oil firm, Tuesday reported a net profit of Rs 2,523 crore in the June quarter after government and upstream firms made good most of its losses on fuel sales.

Adani-IOC,GAIL among bidders for piped gas supply in 14 cities

Last Updated: Tuesday, August 12, 2014, 14:09

Adani Gas-Indian Oil combine and state gas utility GAIL were among nearly a dozen firms that bid for licenses to retail CNG and piped cooking gas in 14 cites including Bengaluru and Pune.

Oil marketing companies to get Rs 11K crore on subsidy in Q1

Last Updated: Monday, August 11, 2014, 12:48

Fuel retailers sell diesel, domestic LPG and kerosene at government controlled rates which are below market price. The loss they thus incur is made good through cash subsidy from the government and dole from upstream firms like ONGC.

Pradhan defends oil PSUs after CAG rap

Last Updated: Thursday, July 31, 2014, 17:34

The retail price for diesel, LPG and kerosene has always been lower than cost and the difference has been met through subsidy support.

World Cup will inspire Rio Olympics, says IOC`s Thomas Bach

Last Updated: Thursday, July 24, 2014, 19:52

Rio de Janeiro will host a successful Olympic Games in 2016 after the World Cup showed Brazil can cope with staging the biggest sporting events, International Olympic Committee (IOC) president Thomas Bach said on Wednesday.

GoI seeks report from BFI over `turban row`, asks IOC to issue guidelines

Last Updated: Thursday, July 24, 2014, 10:14

After two `Sikh` players from the Indian basketball team were asked to play without their turbans during the recently concluded Asia Cup in China, the Minister of Skill Development, Entrepreneurship, Youth Affairs and Sports Shri Sarbananda Sonowal has issued a statement expressing shock and has sought a detailed report from the Basketball Federation of India (BFI).

B Ashok takes over as IOC Chairman

Last Updated: Wednesday, July 16, 2014, 20:58

B Ashok on Wednesday took over as the Chairman of Indian Oil Corp, the nation's largest oil firm.