Indian Oil Corporation

Most big listed companies are run by a managing director or CEO and a chairman presiding over the board of directors with the primary responsibility of protecting the interests of investors. But, India's largest oil company Indian Oil Corporation is an exception.

Shares of Chennai Petroleum witnessed brisk buying today after private sector lenders ICICI Bank and Axis Bank said they had picked up a stake in the proposed joint venture between Indian Oil Corporation and Chennai Petroleum Corporation.

State-owned Indian Oil Corporation (IOC) on Saturday reported a net loss of Rs 272.35 crore for July-September - the second straight quarter of loss arising from selling petrol, diesel and cooking gas LPG at rates below cost.

Indian Oil Corporation (IOC), the nation's top oil firm, raised Rs 2,500 crore in debt through non-convertible debentures (NCD) at an interest rate lower than government bonds, its director (finance) Sandeep Gupta said on Friday.

Engineering and construction major L&T on Monday said it has secured a large contract from Indian Oil Corporation (IOCL).

International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

Indian Oil Corporation (IOC), Bharat Petroleum and Hindustan Petroleum may post a combined loss of Rs 10,700 crore in June quarter on selling petrol and diesel at rates below cost, a report said on Monday.

Sri Lanka will receive two ships containing petrol and diesel this month and another in August, the Chairman of Lanka IOC, the subsidiary of Indian Oil Corporation, said on Saturday as it will give relief to the people facing fuel shortages.

The price of cooking gas was cut by Rs 198 per cylinder in Delhi on Friday, according to Indian Oil Corporation.

India is in talks with Russia over a deal to buy oil at discounted rates, the chairman of India's state-run Hindustan Petroleum Corp. said.

The domestic stock indices are likely to trade cautiously on Thursday, taking cues from their global peers.

Sandeep Kumar Gupta, Director (Finance) at Indian Oil Corporation, has been picked to head India's largest gas utility GAIL (India) Ltd

In a bid to rein in private fuel retailers curtailing operations to cut losses, Government has expanded the scope of Universal Service Obligation

The lender said it has discontinued to pass on the 0.75 per cent fuel incentives from May this year

Most big listed companies are run by a managing director or CEO and a chairman presiding over the board of directors with the primary responsibility of protecting the interests of investors. But, India's largest oil company Indian Oil Corporation is an exception.

Shares of Chennai Petroleum witnessed brisk buying today after private sector lenders ICICI Bank and Axis Bank said they had picked up a stake in the proposed joint venture between Indian Oil Corporation and Chennai Petroleum Corporation.

State-owned Indian Oil Corporation (IOC) on Saturday reported a net loss of Rs 272.35 crore for July-September - the second straight quarter of loss arising from selling petrol, diesel and cooking gas LPG at rates below cost.

Indian Oil Corporation (IOC), the nation's top oil firm, raised Rs 2,500 crore in debt through non-convertible debentures (NCD) at an interest rate lower than government bonds, its director (finance) Sandeep Gupta said on Friday.

Engineering and construction major L&T on Monday said it has secured a large contract from Indian Oil Corporation (IOCL).

International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

Indian Oil Corporation (IOC), Bharat Petroleum and Hindustan Petroleum may post a combined loss of Rs 10,700 crore in June quarter on selling petrol and diesel at rates below cost, a report said on Monday.

Sri Lanka will receive two ships containing petrol and diesel this month and another in August, the Chairman of Lanka IOC, the subsidiary of Indian Oil Corporation, said on Saturday as it will give relief to the people facing fuel shortages.

The price of cooking gas was cut by Rs 198 per cylinder in Delhi on Friday, according to Indian Oil Corporation.

India is in talks with Russia over a deal to buy oil at discounted rates, the chairman of India's state-run Hindustan Petroleum Corp. said.

The domestic stock indices are likely to trade cautiously on Thursday, taking cues from their global peers.

Sandeep Kumar Gupta, Director (Finance) at Indian Oil Corporation, has been picked to head India's largest gas utility GAIL (India) Ltd

In a bid to rein in private fuel retailers curtailing operations to cut losses, Government has expanded the scope of Universal Service Obligation

The lender said it has discontinued to pass on the 0.75 per cent fuel incentives from May this year