Indian Oil Corporation (IOC) says it has not decided yet on the payment of compensation to victims of the Chala LPG tanker mishap, which claimed 20 lives on Aug. 27.

“The IOC has not taken any decisi

Aggravating the LPG crisis, some distributor agencies of the Indian Oil Corporation(IOC) appear to be ignoring the queue system and supplying the cylinders to their more favoured customers.

The tran

A trio of state-controlled oil companies on Monday said it has bid $5 billion for stakes in Canadian oil sands assets owned by ConocoPhillips (COP.N), in what could be the next major test of Canada's

The death toll in the LPG tanker blast at Chala in Kannur rose to 19 with three more victims succumbing to burns on Sunday.

One of the three was 12-year-old Rizwan. All three other members of his fam

History-making Jamaican sprinter Usain Bolt is an icon but not a legend -- yet, International Olympic Committee (IOC) president Jacques Rogge said on Thursday.

The 70-year-old Belgian spoke to a sele

State-owned oil companies on Monday warned of disruptions in fuel supplies if they are not allowed to raise petrol price or compensated for the Rs 48 crore per day loss they incur on selling fuel be

A scam-tainted Suresh Kalmadi escaped the International Olympic Committee's wrath by deciding to 'suspend' himself as IOA President, according to a top IOA official.

IOC did not impose any sanctions

Shares in oil marketing companies -- HPCL, BPCL, IOC -- fell on fears the much anticipated fuel price hike would get delayed, two dealers said.

Soaring oil prices will also lead to higher under recov

The IOA on Friday shied away from taking action against tainted Suresh Kalmadi despite the threat from the world body to act on its own, saying there was no need for any action against its Presiden

After repeated letters of protest by the IOA failed to move the International Olympic Committee, the Indian government has now stepped in by asking the body to drop Dow Chemicals as sponsor of this ye