The inflation numbers (CPI) touching record 18.3% in last week and the news that has come out today that petrol (i.e Motor Spirit MS) prices would be increased by approximately Rs. 2.50. SENSEX showing anxiety or discernment of trading market::
All eyes are on the RBI's Quarterly review scheduled on 25th Jan 2011.
And that recently all Indian big bankers visited RBI officials with an urge to reduce the CRR, SLR!!
And that the Finance Ministry going public and stated on record "we don't understand how inflation is moving now!!" It's the same ministry which has largely backed out 'from supporting' OMCs which running into RED. Who has also refused the Oil Ministry's request to increase HSD prices. There will not be any major surprise if the big-ticket/Mega IPO of IOCL gets postponed till next notice.
And that Agriculture minister Mr. Sharad Pawar accusing 'media' for baseless-ly increasing non-existent inflation (??)
What would happen to HSD prices? What . Duvvuri Subbarao would do?
-:Dhan
Showing posts with label Crude Oil. Show all posts
Showing posts with label Crude Oil. Show all posts
Saturday, January 15, 2011
Wednesday, November 12, 2008
Title to the post
Some times, when I really don't have specific to scribble in the blog and want to write at least 'something', I find it very difficult to give a name to the post. And that's where the story gets delayed.
Couple of things I have been watching:-
- Recently whenever I look at news papers, online reports, and news channels; all of them are reporting losses that corporates are facing or dip in their profits, sales, etc.
- Probable, colleges like mine are few of the first in India to feel the heat of the global turmoil.
- Sometime in next week, I want to write marathi post about this article I read online. I am finding some relevance to what is happening around and what worse in business scenario can be expected with it. Basically the author, in this article talks about how the financial collapse are unavoidable and government actions in supporting the banks can lead to worsening the situation.
- Google has been finding it difficult to see promising competitor in its online streaming business i.e. the famous youtube.com. The name is HULU. It's a formed with a joint venture of NBC and Fox and it is becoming popular with TV shows and movies. More importantly, it's gaining commercial support unlike youtube because corporates (like MGM, etc) are skeptical about youtube's position in respecting copyright informations. Just because HULU is more focused on TV shows and movies, it's likely to be successful in the targetted video streaming business
- Crude oil prices have plummeted below $60 to $59.39 - 20 weeks low price despite cut in production by OPEC. It's interesting to know that OPEC countries haven't cut the production by the declared number of barrels i.e. 1.5 million barrel cut was expected. But it is heard that they have cut the production byt 800,000 barrels a day. Why haven't they cut it by more 700,000 barrels? Probably, it will greatly impact their economies of scale operation (shall I call it as reverse of economies of scale ?)
- Mr. Prime Minister, Doesn't want to reduce prices of oil products in India? Indian o companies are making profit of more than Rs. 4 on sale of one liter of petrol and bearing loss of less than Rs. 1 on sale of diesel. The argument proposed for the same is, sale of diesel is far more than that of petrol.
Couple of things I have been watching:-
- Recently whenever I look at news papers, online reports, and news channels; all of them are reporting losses that corporates are facing or dip in their profits, sales, etc.
- Probable, colleges like mine are few of the first in India to feel the heat of the global turmoil.
- Sometime in next week, I want to write marathi post about this article I read online. I am finding some relevance to what is happening around and what worse in business scenario can be expected with it. Basically the author, in this article talks about how the financial collapse are unavoidable and government actions in supporting the banks can lead to worsening the situation.
- Google has been finding it difficult to see promising competitor in its online streaming business i.e. the famous youtube.com. The name is HULU. It's a formed with a joint venture of NBC and Fox and it is becoming popular with TV shows and movies. More importantly, it's gaining commercial support unlike youtube because corporates (like MGM, etc) are skeptical about youtube's position in respecting copyright informations. Just because HULU is more focused on TV shows and movies, it's likely to be successful in the targetted video streaming business
- Crude oil prices have plummeted below $60 to $59.39 - 20 weeks low price despite cut in production by OPEC. It's interesting to know that OPEC countries haven't cut the production by the declared number of barrels i.e. 1.5 million barrel cut was expected. But it is heard that they have cut the production byt 800,000 barrels a day. Why haven't they cut it by more 700,000 barrels? Probably, it will greatly impact their economies of scale operation (shall I call it as reverse of economies of scale ?)
- Mr. Prime Minister, Doesn't want to reduce prices of oil products in India? Indian o companies are making profit of more than Rs. 4 on sale of one liter of petrol and bearing loss of less than Rs. 1 on sale of diesel. The argument proposed for the same is, sale of diesel is far more than that of petrol.
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