IOC

Russian athletes who have actively served in the military invasion of Ukraine should be allowed to return to international sports if they did not take part in war crimes, according to a United Nations expert advising the International Olympic Committee. The U.N. special rapporteur for cultural rights, Alexandra Xanthaki, said late Sunday only Russian military members implicated in "allegations of war crimes, genocide, crimes against humanity or propaganda for war" should be denied neutral status to compete in international sports ahead of the 2024 Paris Olympics. Xanthaki angered Ukrainian athletes who took part in an IOC-hosted call to consult them ahead of an Olympic announcement due Tuesday to update guidance for sports bodies 16 months before the opening of the Paris Games. Ukrainian government and sports officials want the IOC to ban all Russians from the 2024 Games and claim most of the country's recent Olympic medalists were affiliated with the military. Xanthaki wrote on he

The International Boxing Association (IBA) has accused the International Olympic Committee (IOC) of "lack of transparency" and "unlawful" conduct and raised questions about its "transparency principles" while inviting boxing officials for the 2024 Paris Olympics qualification process. The IBA has threatened to take IOC to court for redressal of the issue. In an open letter to IOC president Thomas Bach ahead of the global sports body's executive board meeting on Tuesday, IBA has said its competition officials were being approached by IOC "without prior approval or communication to IBA", which is a breach of the data transfer agreement signed between the two parties in 2019. At the root of the problem is the ban imposed by IOC on the boxing body due to concerns around its governance, financial transparency, sustainability and the integrity of refereeing and judging process. The IOC has informed IBA that it would conduct boxing qualification events leading up to the Paris Olympics, t

Stocks to Watch: Tata Motors will increase prices of its commercial vehicles (CV) range by 5 per cent starting April 1, in what would be its fourth such price hike this fiscal year

Oil marketing PSU Indian Oil Corporation (IOC) is keen to develop its existing refinery in West Bengal Haldia into a petrochemicals complex for sustaining operations profitably, a company official said on Wednesday. Running a standalone refinery is not sustainable in terms of profitability for which it has to be supplemented by a petrochemicals complex, he said. "We want to set up a petrochemicals complex contiguous to the Haldia refinery whose current capacity is 8.5 million tonnes per annum (mtpa)", the company official said. IOC has sought land from Haldia Fertiliser Corporation (HFC), whose factory is lying defunct, for developing the petrochemicals complex, he said. "We have sought 175 acres of land from HFC. It is near the refinery and it has been given on lease by Haldia Dock Complex (HDC) to the ministry of chemicals and fertilisers ministry. We are seeking the land for the petrochemicals project", the IOC official said. Drawing an analogy, the official said the Paradip ..

The question of if and how Russia competes at the Olympics hangs over the 2024 Paris Summer Games. Just as it has now for five straight Olympics during Thomas Bach's leadership of the IOC, whose support this week for some Russians to compete in Paris was publicly challenged Friday by Ukrainian President Volodymyr Zelenskyy. Russia and its athletes have been at risk of being banned though ultimately competed at each Olympics since the steroid-tainted 2014 Sochi Winter Games that was Bach's first as president of the International Olympic Committee. This time it is Russia waging war on Ukraine. Previously it was Russian state-backed doping and then Russian authorities trying to cover up evidence of that scandal. Zelenskyy wants Russia excluded from taking part in Paris while its military is occupying and attacking his country. He stressed that this week in talks with French President Emmanuel Macron. Ukraine's sports minister first warned on Thursday of boycotting the Olympics. Tha

The IOC made clear Wednesday it wants Russians to compete at the 2024 Paris Olympics as neutral athletes, in defiance of Ukraine president Volodymyr Zelenskyy's call to exclude them entirely. Citing a unifying mission during a time of war, the International Olympic Committee said no athlete should face discrimination based only on the passport they held. A pathway for athletes' participation in competition under strict conditions should therefore be further explored, the IOC said in a statement published after an executive board meeting. IOC president Thomas Bach did not hold his usual news conference after the meeting. Russia was not directly condemned in the statement though athletes who have been actively supporting the war in Ukraine face being excluded from the Paris Olympics that open in 18 months' time, the IOC said. The IOC cited the example of Yugoslavians competing at the 1992 Barcelona Games as independent athletes while the nation was under United Nations sanctions du

He said a roadmap for India's bid will be presented to International Olympic Committee during the IOC session in Mumbai in September 2023

National auditor says state-owned companies make monthly adjustments that aren't best for saving costs, efficiency

The International Olympic Committee has decided not to lift the suspension of the International Boxing Association's recognition and involve it in conducting boxing competitions at the Paris Olympics

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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. The net loss of Rs 272.35 crore compared to a profit of Rs 6,360.05 crore in July-September 2021, according to a company's filing with the stock exchanges. IOC as well as other state-owned fuel retailers had booked heavy losses in the first quarter of the current fiscal as they did not revise petrol, diesel and cooking gas LPG prices in line with the cost to help the government contain runaway inflation. In April-June (the first quarter of 2022-23 fiscal), IOC booked a net loss of Rs 1,992.53 crore. For the first half of the current fiscal, the company has now accumulated a Rs 2,264.88 crore net loss against a profit of Rs 12,301.42 crore in the year-ago period. The revenue from operations soared to Rs 2.28 lakh crore in July-September from Rs 1.69 lakh crore

The Indian Olympic Association (IOA) may have an "appointed CEO" instead of an elected Secretary General after the December elections as the International Olympic Committee (IOC) has proposed far-reaching changes to the constitution of the national sports apex body during a joint meeting in Switzerland last month. Representatives of the IOC, Olympic Council of Asia (OCA), IOA and Sports Ministry had a meeting in Lausanne on September 27, following a "final warning" by the international sports umbrella body to ban the national Olympic body if elections are not announced before the next IOC executive board meeting (December 5-7). Following the meeting, which was also attended by India's first individual Olympic gold medal winning shooter Abhinav Bindra, the IOC issued a summary which proposed, among other things, to change the position of an elected Secretary General into an appointed CEO hired by the executive committee. "The IOC/OCA will also propose additional elements (such as ..

The head of the International Olympic Committee apologized Wednesday for the organization's longtime failure to commemorate 11 Israeli athletes killed by Palestinian militants at the 1972 Munich Olympics. Thomas Bach spoke at a ceremony in Tel Aviv marking the 50th anniversary of the deadly attack on the Munich Olympics, two weeks after Germany's president apologized at a memorial ceremony in Germany for his country's failures before, during, and after the attack. On Sept. 5, 1972, the Palestinian group Black September attacked the Israeli Olympic delegation at the Munich Olympic Games, killing 11 Israelis and a police officer. Israeli President Isaac Herzog said the athletes were brutally murdered in cold blood by a Palestinian terrorist organization just for being Jews, just because they were Israelis. This was the moment that the Olympic torch was snuffed out, and the five-ringed flag was stained with blood, he said. Bach said the attack in Munich was one of the darkest days in

CLOSING BELL: It was a range-bound trade on the bourses on Friday as investors awaited US Fed chief Jerome Powell's address at the Jackson Hole Symposium later tonight

Stocks to watch today: Titan plans to add 20 to 30 Tanishq stores over two to three years in the Middle East and North America; Nelco inked pact with Intelsat to provide inflight connectivity services

Joint venture formed to implement 9 MMTPA refinery project at Cauvery Basin Refinery

The recent ban on AIFF is just one more in a long list of sporting bodies that have been hauled over administrative lapses.

Rising costs and shrinking supplies will impact major expansion plans

The three state-owned fuel retailers haven't changed auto fuel prices for over four months now to help the government contain runaway inflation