Iocl

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Iocl - Total results - 32
IOCL invites applications for Assistant Officers in Finance Function; apply at iocl.com before 6 May
India

IOCL invites applications for Assistant Officers in Finance Function; apply at iocl.com before 6 May

Indian Oil Corporation Limited (IOCL) has put out a notification for the recruitment of Assistant Officers in Finance Function

Coronavirus Outbreak: IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait
Business

Coronavirus Outbreak: IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait

India's top oil firm IOC has declared force majeure on crude purchases from four of its biggest suppliers - Saudi Arabia, Iraq, UAE and Kuwait - as refinery run rates have been cut down in view of plummeting fuel demand following a nationwide lockdown

Oil firms to give Rs 5 lakh ex-gratia in coronavirus-related death of delivery boys, others working in LPG supply chain
Business

Oil firms to give Rs 5 lakh ex-gratia in coronavirus-related death of delivery boys, others working in LPG supply chain

State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) on Monday announced an ex-gratia of Rs 5 lakh in case of coronavirus-related death of any LPG delivery boy or other personnel involved in the supply chain

Oil companies say no LPG shortage at all, delivering at least 40% more fuel now
Business

Oil companies say no LPG shortage at all, delivering at least 40% more fuel now

National oil marketing companies have come out on Sunday allaying the fears of consumers about product shortages, saying there is absolutely no shortage of any fuel, especially cooking gas, which is being supplied to customers at their doorsteps

Calcutta HC asks RBI to take action against Bank of Baroda for failing to honour bank guarantee dismisses lender's appeal for default
Business

Calcutta HC asks RBI to take action against Bank of Baroda for failing to honour bank guarantee dismisses lender's appeal for default

IOCL maintained that in such circumstances and considering the conduct of Bank of Baroda, an appropriate order ought to have been passed to revoke its licence since it had acted in a manner unbecoming of a bank, a nationalised bank at that.

Pradhan Mantri Ujjwala Yojana brought Rs 3,000 cr investment, 3,000 jobs in Northeast, says official
Business

Pradhan Mantri Ujjwala Yojana brought Rs 3,000 cr investment, 3,000 jobs in Northeast, says official

The public sector undertaking Indian Oil Corporation currently has 10 LPG bottling plants across the northeast

Air India says fuel payment issues with oil PSUs will be resolved soon; assures customers of 'smooth' operations
Business

Air India says fuel payment issues with oil PSUs will be resolved soon; assures customers of 'smooth' operations

Late August, IOCL, BPCL, HPCL had stopped fuel supplies to Air India at 6 airports of Kochi, Mohali, Pune, Patna, Ranchi and Vizag over payment defaults

Fund transfers via RTGS, NEFT to cost less from 1 July; non-subsidised LPG cylinders to be cheaper by Rs 100 in Delhi
Business

Fund transfers via RTGS, NEFT to cost less from 1 July; non-subsidised LPG cylinders to be cheaper by Rs 100 in Delhi

Country's largest bank SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route

Sale of 10 IL&FS entities underway; board to adopt asset level resolution for group companies: Govt
Business

Sale of 10 IL&FS entities underway; board to adopt asset level resolution for group companies: Govt

The board of IL&FS, which has to repay over Rs 90,000 crore to lenders, has decided to adopt an "asset level resolution" with regard to various group companies and entities.

Indian Oil Corporation's net profit dives 90% in December quarter, turnover up 21%
Business

Indian Oil Corporation's net profit dives 90% in December quarter, turnover up 21%

State-owned Indian Oil Corp (IOC) on Wednesday reported 91 percent plunge in December quarter net profit after it suffered inventory losses due to falling oil prices

Iran keen to participate in Rs 35,700-cr CPCL expansion: IOC Chairman Sanjiv Singh
Business

Iran keen to participate in Rs 35,700-cr CPCL expansion: IOC Chairman Sanjiv Singh

Iran is keen to invest in the Rs 35,700-crore expansion of Chennai refinery irrespective of economic sanctions imposed by the US against the Persian Gulf nation, IOC Chairman Sanjiv Singh said on Wednesday.

New 55,649 petrol pumps bonanza: Angry fuel dealers to move court to challenge the government's decision
Business

New 55,649 petrol pumps bonanza: Angry fuel dealers to move court to challenge the government's decision

All India Petrol Dealers Association (AIPDA) President Ajay Bansal said the government's move of 25 November appeared contrary to its own policy and the dealers would question its legal validity

Ahead of polls, govt allows OMCs to open over 55,000 new fuel  pumps; to boost employment
Business

Ahead of polls, govt allows OMCs to open over 55,000 new fuel pumps; to boost employment

For the first time, the OMCs have invited bids from private players online to ensure transparency and the bidding process would be conducted by an independent agency.

Prime minister Narendra Modi to launch 10th city gas licensing round on 22 November
Business

Prime minister Narendra Modi to launch 10th city gas licensing round on 22 November

Narendra Modi will also lay foundation stones marking the beginning of work for city gas networks in at least 62 cities, licences for which were given out in the previous bidding round that concluded a couple of months back

Expert panel seeks public comments on easing norms for setting up petrol pumps
Business

Expert panel seeks public comments on easing norms for setting up petrol pumps

The Oil Ministry had last month set up a five-member expert committee to recommend easing of fuel retailing licensing rules.

Fuel price hike: Diesel rates rise again by eight paise to Rs 75.46 per litre in Delhi; wipes out benefit of excise duty cut
Business

Fuel price hike: Diesel rates rise again by eight paise to Rs 75.46 per litre in Delhi; wipes out benefit of excise duty cut

Diesel price rose for the 10th consecutive day Monday to wipe out all of the Rs 2.50 per litre cut in rates announced earlier this month through excise duty cut and oil company subsidy.

Petrol, diesel rates: Govt will not ask oil marketing companies to further subsidise fuel prices, says finance ministry official
Business

Petrol, diesel rates: Govt will not ask oil marketing companies to further subsidise fuel prices, says finance ministry official

Most of the Rs 2.50 per litre reduction in rates effected from 5 October has been lost in increases in selling prices on subsequent days, giving rise to the suspicion that the government may again ask OMCs to subsidise fuel.

Dividend cut from oil marketing companies unlikely; disinvestment target to be met: Finance ministry
Business

Dividend cut from oil marketing companies unlikely; disinvestment target to be met: Finance ministry

The finance ministry on Tuesday said it does not expect a cut in dividend from oil marketing companies despite these retailers absorbing Re 1 per litre from last week.

Stocks of oil marketing companies bounce back after heavy sell-off in last two trading sessions
Business

Stocks of oil marketing companies bounce back after heavy sell-off in last two trading sessions

Shares of oil marketing companies on Friday fell sharply by up to 25 percent.

Petrol, diesel rate cut: Fitch Ratings says govt move on fuel prices to impact profitability of oil marketing companies
Business

Petrol, diesel rate cut: Fitch Ratings says govt move on fuel prices to impact profitability of oil marketing companies

While cutting excise duty by Rs 1.50 per litre, the government had on Thursday asked Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) to absorb Re 1 per litre increase in fuel rates.