Wednesday, February 16, 2011

game of crude oil...........


for the third time in the past few months estimates of global oil demand have been revised upwards
now crude oil prices are projected as high as 100$/barrel and infact its almost around 90$/barrel and opec ministers are comfortable with thease prices they are saying that we are not thinking to increase the production level of crude because we are having adequate inventories.
which is not very surprising .even during past episode of demand increasing the pursian gulf countries is not increase the production level in fact in the upward direction of oil price in the era 2004-2008 the increase in production is only 1million barrels a day which is not at all satisfactory. some analst says that keeping production low contributed to price increase in no small level.just look back to 1974 the production is same now while demand is increasing day by day from 1980 the strategy of opec has changed now they are increasing their crude reserve instead of production and now they will produce only upto that level which is required to trade for other things from the remaining part of the world because they know increasing price will give huge to them from their reserves in the long run and this situation is not good for our economy 
now once again price of crude oil will increase just because the inflation is felt below the expected level in china and the picture is still not clear in egypt after getting throne out of mubarak and as well as american economy is recovering i think prices would be around 90 to 100$ now indian should prepare to live with the inflation rate upto 9 to 10% upto 10years because this will increase your electricity,fertilisers major input cost like naptha & bitumen ...........
so inflation will continue in india ............

problems for automobile sector..............

FOR customers looking at early car deliveries in 2011 may have to wait a little longer as manufacturers facing severe tyre shortages in local market are now hunting in China, Thailand, Korea and Malaysia to meet their new production targets. Car companies are looking at importing tyres to make up for the shortages that are affecting their 2011 production plans. Already facing component shortages that led to lower production for most car companies in 2010, major carmakers like Maruti Suzuki India, Tata Motors and Hyundai Motors are planning import of tyre, anticipating a 25% increase in production in 2011 from the 28.14 lakh cars produced in 2010 calendar year. Indian carmakers claim that tyre shortages in the domestic market have forced them to venture overseas, as the local manufacturers couldn’t meet their required demand. “Inconsistent supply of tyre has hampered production for the major part of 2010. Keeping in view the higher production targets of 2011, we have planned tyre purchase overseas markets for meeting our long-term commitments, as we aim a 14-lakh units production in next fiscal,” said a senior executive of Maruti Suzuki, who preferred not to go on record. Shortages for tyres come as carmakers are already at loggerheads with component suppliers with shortages of several critical parts affecting production. Carmakers say that sufficient component supply would have helped them to produce 20% more cars in 2010. Lower production has led to long waiting period of up to 4-5 months on many popular cars like the Maruti Swift, Volkswagen Polo, Toyota Innova. Tyre supply in the domestic market could fall short by around 10% of their demand. “While components were in short supply as demand peaked in the past few months, we do not anticipate an immediate solution in the short-term and availability of tyres is a matter of concern,” said Pawan Goenka, president, Society of Indian Automotive Manufacturers, who also head automaker Mahindra & Mahindra .

bailout set for european union........


European finance ministers agreed Monday that their new rescue system for struggling eurozone economies would be able to lend €500bn ($675bn) for any future bail-outs, but deferred all decisions on how they will ensure the fund can achieve that level of financial firepower.
The size of the fund is identical to the current, temporary rescue system – made up of €440bn from a eurozone fund and another €60bn from an European Union-wide facility – that has been plagued by doubts over whether it is big enough to handle the expanding number of countries that may need assistance.

hyundai exports rise..............

Hyundai Motor India today said it has exported five lakh units of its flagship car Hyundai Santro from the country.

"The export of the Santro has reached five lakh units. From the time of its launch, this popular car has been widely appreciated for its design, technology and safety," Hyundai Motor India Ltd (HMIL) Managing Director and CEO H W Park said in a statement.
HMIL began exporting cars in 1999 when it shipped a batch of 20 Santro cars to Nepal and had exported one lakh cars across models by 2004.

The company exports its 'Made in India' Santro to more than 80 countries across continents.

"With this we gear up for next phase of growth and remain committed to bringing world class products and service to our customers," he said.

"In a little over a decade since Hyundai has been present in India it has become the leading exporter of passenger cars with a market share of 57 per cent of the total exports of passenger cars from India," the statement said.

HMIL currently exports Santro, i10, i20 and the Accent models.

TCS targets 1billion profit...........

IT major Tata Consultancy Services (TCS) today commercially launched cloud computing services and said they could generate $1 billion in revenue over five years from the small and medium business segment.

Cloud computing helps users get access to hardware and software from companies like TCS on pay-per-use basis, without having to set up their own IT infrastructure.

"We have been running pilot of our cloud computing services since last one year. Today we announce to launch it commercially. These services have been built by SMBs for SMBs," said TCS MD and CEO N Chandrasekaran.

"The contribution of SMB segment in our revenue is negligible but in next five years time we expect to garner USD 1 billion from this segment by help of these services," he added.

TCS has observed that worldwide spending of SMBs on information and communication technology has been growing at three times the pace compared to large companies.

As per a TCS study, Indian SMBs spent USD 11.9 billion in 2010 on IT and it is expected to grow to USD 48.5 billion by 2015.

Chandrasekaran said TCS has designed these services based on the feedback of Indian SMBs.

TCS had been running pilots of cloud computing services for one year with 130 clients. These clients have now turned in to commercial cloud computing user of TCS.

TCS will provide everything to its customers right from the level of hardware, software and even network solution, which will include devices and services for enabling connectivity of its customers with cloud platform.

"Our customer will not have to invest any money separately for any hardware or software. We will provide end-to-end solution," Chandrasekaran said.

The services will be offered on pay-per-use model. Chandrsekaran said that the final price of offering will evolve period of time and will depend on the requirement of the client.