Podcasts about omcs

The National Petroleum Authority (NPA), will from April 2024 set the “floor” for pricing of petroleum products in Ghana, which will prevent any industry player including the OMCs and Liquefied Petroleum Gas Marketing (LPGMC) Firms from pricing below that value or benchmark.

Indian benchmark indices, Sensex and Nifty 50, are likely headed for a muted opening in the trading session of February 6.   In the previous session, Nifty 50 made an intraday high of around 21,960 and corrected almost 200 points from those levels. Public sector companies like SJVN, NHPC, oil marketing companies (OMCs) have also been on the radar and have corrected sharply. Several stocks like Ashok Leyland and Suven Pharma are expected to react to Q3 results. Meanwhile, companies like Britannia, Nykaa, Nazara Tech and Lemon Tree among others will report their quarterly results.  Globally, the handover from Wall Street is weak while Asian markets traded mixed in the morning. The GIFT Nifty is indicating a muted start for the domestic market Tune in to the Marketbuzz Podcast for more cues

Three Top 7 Black diamond OMCs declare peace at the 2024 PROC making history. The PROC 2024 was amazing and off the chain. Join us as we discuss. Follow us on:Instagram: www.instagram.com/BlackDragonBikerTV on Instagram. Thank you!TikTok: www.tiktok.com/@blackdragonbikertv Twitter: https://www.twitter.com/jbunchiiFacebook: https://www.facebook.com/blackdragonbikerBuy Black Dragon Merchandise, Mugs, Hats, T-Shirts Books: https://blackdragonsgear.comDonate to our cause:Cashapp: $BikerPrezPayPal: https://tinyurl.com/yxudso8zZelle: jbunchii@aol.com Patreon: https://www.patreon.com/BlackDragonNPSubscribe to our new discord server https://discord.gg/dshaTSTSubscribe to our online news magazine www.bikerliberty.comSubscribe to Black Dragon Biker TV YouTube https://tinyurl.com/y2xv69buSubscribe to our Prepper Channel “Think Tactical”: https://www.youtube.com/channel/UC-WnkPNJLZ2a1vfis013OAgGet 20% off Gothic biker rings by using my special discount code: blackdragon go to http://gthic.com?aff=147Get my new Audio Book Prospect's Bible from these links: United States https://adbl.co/3OBsfl5United Kingdom https://adbl.co/3J6tQxTFrance https://bit.ly/3OFWTtfGermany https://adbl.co/3b81syQ Want to create live streams like this? Check out StreamYard: https://streamyard.com/pal/d/6215528617345024

Indian benchmark indices, Sensex and Nifty 50, are likely headed for a flat opening on December 19, as the global rally triggered by hopes of US interest rate cuts in 2024 has slowed down. India's GIFT Nifty was down 0.04% from its overnight close at 21,478 as of 8:09 am IST, indicating the Nifty 50 is likely to open around its December 18 close of 21,418.65. The Nifty and Sensex declined in the previous session after rallying to record highs for most of this month. So far in December, the Nifty has risen 6.38% and is on course for its best month since July 2022. Meanwhile, in the overnight session, Wall Street equities closed marginally higher. In morning trade, Asian shares steadied as traders' focus turned on Japan's central bank and whether it might edge further away from its ultra-easy monetary policy. Oil prices rose for a second session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade. Stocks to watch: Vedanta, Sun Pharma, PSU Banks, OMCs, Devyani International, PNC Infra, Kaynes Tech and more Tune in to the Marketbuzz Podcast for more cues

In this episode of Market Minutes, Lovisha Darad discusses about key factors that will guide market direction on December 19. The government's windfall tax cut applied to domestically produced crude and diesel exports will bring oil marketing companies (OMCs) in focus. Three new initial public offerings (IPOs) will kick off for subscription on Tuesday. Overseas, global trade is rocked by Iran-backed Houthi militants as they strike ships in the Red Sea. Also, catch Ajit Mishra of Religare Broking on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

OKLAHOMA CITY -A metro woman is facing charges in connection to a biker gang shootout that left three people dead, including her husband.Follow us on:Instagram: www.instagram.com/BlackDragonBikerTV on Instagram. Thank you!TikTok: www.tiktok.com/@blackdragonbikertv Twitter: https://www.twitter.com/jbunchiiFacebook: https://www.facebook.com/blackdragonbikerBuy Black Dragon Merchandise, Mugs, Hats, T-Shirts Books: https://blackdragonsgear.comDonate to our cause:Cashapp: $BikerPrezPayPal: https://tinyurl.com/yxudso8zZelle: jbunchii@aol.com Patreon: https://www.patreon.com/BlackDragonNPSubscribe to our new discord server https://discord.gg/dshaTSTSubscribe to our online news magazine www.bikerliberty.comSubscribe to Black Dragon Biker TV YouTube https://tinyurl.com/y2xv69buSubscribe to our Prepper Channel “Think Tactical”: https://www.youtube.com/channel/UC-WnkPNJLZ2a1vfis013OAgGet 20% off Gothic biker rings by using my special discount code: blackdragon go to http://gthic.com?aff=147Get my new Audio Book Prospect's Bible from these links: United States https://adbl.co/3OBsfl5United Kingdom https://adbl.co/3J6tQxTFrance https://bit.ly/3OFWTtfGermany https://adbl.co/3b81syQThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3267493/advertisement

Tech giants like Infosys and Wipro have given campus hiring a miss. Reports citing college placement officers and experts claim that there may be a 65% drop in recruitment of freshers this fiscal. Those on the rolls are not breathing easy either, as the season of lay-offs is far from over. And global headwinds too are refusing to budge. So in today's first segment, Kasthuri Akhil tries to find out when will the tech workers breathe easy?  But this tech sector has made India the world's favourite back office. It is fueling its growth as India is set to become the world's third largest economy. A recent projection by S&P Global Market Intelligence has predicted that India will overtake Germany and Japan by 2030. But how much will the common man benefit from it? Will it translate into improved formal employment opportunities, better healthcare, and an enhanced standard of living?  But right now, geopolitical uncertainty is keeping everyone on their toes -- whether it's the tech industry or the financial markets. It is also keeping crude oil on a boil for a while now amid a cut in supply by Saudi Arabia and Russia. At the bourses, stocks of oil exploration companies such as ONGC and Oil India have done well in this backdrop. So, is it time to load up on stocks of oil exploration companies and exit OMCs?  It's not just the geopolitics, but the domestic politics too is simmering. After Bihar's caste survey, politicians in Maharashtra too have demanded a similar exercise in the state. Clearly everyone is eyeing OBC votes. But who are OBCs? Listen to this episode of the podcast for answer.  

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a subdued start on August 30, a day after the government announced a Rs 200 price cut on LPG prices. Therefore, market participants will await how oil market companies (OMCs), including Indian Oil, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited will react to the development.  Tune in to Marketbuzz Podcast for more news and cues ahead of today's session

B.C. has a slick new campaign designed at dismantling Canada's OMCs and biker gangs!! Join us as we discuss! Help us get to 10,000 subscribers on www.instagram.com/BlackDragonBikerTV on Instagram. Thank you!Follow us on TikTok www.tiktok.com/@blackdragonbikertv Subscribe to our new discord server https://discord.gg/dshaTSTGet 20% off Gothic biker rings by using my special discount code: blackdragon go to http://gthic.com?aff=147Subscribe to our online news magazine www.bikerliberty.comBuy Black Dragon Merchandise, Mugs, Hats, T-Shirts Books: https://blackdragonsgear.comDonate to our cause with Patreon: https://www.patreon.com/BlackDragonNP Donate to our cause with PayPal https://tinyurl.com/yxudso8z Subscribe to our Prepper Channel “Think Tactical”: https://www.youtube.com/channel/UC-WnkPNJLZ2a1vfis013OAgSUBSCRIBE TO Black Dragon Biker TV YouTube https://tinyurl.com/y2xv69buKEEP UP ON SOCIAL MEDIA:Instagram: https://www.instagram.com/blackdragonbikertvTwitter: https://www.twitter.com/jbunchiiFacebook : https://www.facebook.com/blackdragonbikerGet my new Audio Book Prospect's Bible from these links: United States https://adbl.co/3OBsfl5United Kingdom https://adbl.co/3J6tQxTFrance https://bit.ly/3OFWTtfGermany https://adbl.co/3b81syQ Help us get to 10,000 subscribers on www.instagram.com/BlackDragonBikerTV on Instagram. Thank you!This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3267493/advertisement

00:00 Introduction00:17 US job growth strong in March; Unemployment Rate Falls to 3.5%02:03 $1.5 Trillion Wall of Debt is Looming for US Commercial Properties03:28 Swiss FM sees no Stumbling Blocks' to UBS takeover of Credit Suisse04:18  India's Gold Imports Dip 30%04:49 India's Russian Oil Imports now Double of Iraq05:35 India's Coal imports Rise 32%06:22 FPIs dump Indian Equities worth ₹37,631 Cr in FY2307:08 Only 5% of F&O traders may make money after STT hike09:02 Maruti Suzuki aims doubling SUV sales in FY2410:24 Banks sanction ₹23.2 Lakh crore under Mudra Yojana11:23 Loan Growth @ 11-Year High despite steep Rate Hike11:56 IT firms may witness seasonally weak quarter12:11 Banks, automakers likely to lead earnings growth in March quarter12:33 OMCs get ₹800 Crore to set up over 7,000 fast-charging stationsComplete Fundamental Stock Analysis Tool - Stock-o-meter:https://investyadnya.in/stock-o-meterResearch Based Ready-made Model Portfolios:https://investyadnya.in/model-portfoliosComprehensive Mutual Fund Reviews:https://investyadnya.in/fund-o-meterYadnya Books and eBooks now available:On Amazon - https://amzn.to/2XKtlksOn our website - https://investyadnya.in/booksFind us on Social Media and stay connected:Blog - https://blog.investyadnya.inTelegram - http://t.me/InvestYadnyaFacebook Page - https://www.facebook.com/InvestYadnyaFacebook Group - https://goo.gl/y57QcrTwitter - https://www.twitter.com/InvestYadnyaLinkedIn - https://www.linkedin.com/company/investyadnya/#InvestYadnya #YIALEGAL DISCLAIMER: Use of this information is at the user's own risk. The Company and its directors, associates and employees will not be liable for any loss or liability incurred to the user due to investments made or decisions taken based on the information provided herein. The investment discussed or views expressed herein may not be suitable for all investors. The users should rely on their own research and analysis and should consult their investment advisors to determine the merit, risks and suitability of recommendation. Past performance is not a guarantee for future performance or future results. Information herein is believed to be reliable, although its accuracy and completeness cannot be guaranteed. The images used may be copyright of the company or third party.  As a condition to using the services, the user agrees to the terms of use of the website and the services. DISCLOSURES UNDER SEBI (RESEARCH ANALYST) REGULATIONS, 2014:Yadnya Academy Pvt. Ltd. (InvestYadnya) is registered with SEBI under SEBI (Research Analyst) Regulations, 2014 with registration no. INH000008349.Disclosure with regard to ownership and material conflicts of interest1. Neither Research Analyst nor the entity nor his associates or relatives have any financial interest in the subject Company;2. Neither Research Analyst nor the entity nor its associates or relatives have actual / beneficial ownership of one per cent or more securities of the subject Company, at the end of the month immediately preceding the date of publication of the research report or date of public appearance;3. Neither Research Analyst nor the entity nor its associates or his relatives have any other material conflict of interest at the time of publication of the research report or at the time of public appearance. Disclosure with regard to receipt of Compensation1. The Research Entity and its associates have not received compensation from the subject company in the past twelve months.2. The subject company is not or was not a client during the twelve months preceding the date of recommendation.

For the first time since early February, international crude benchmark Brent went below $90 a barrel last week. This level was last seen prior to Russia's invasion of Ukraine. The recent decline came amid expectations of weaker global demand and US dollar strength. Indian refiners have also been securing discounted supplies from Russia as sanctions prompted many oil importers to stop trade with Moscow. Russia rose to become India's second biggest supplier of oil. India too became Russia's second major oil buyer after China, although India's monthly oil imports from Russia have been declining after hitting a record in June.  Only in August did Saudi Arabia overtake Russia by a thin margin to once again become the second-biggest oil supplier to India, after a three-month gap. Between April to August, Russian oil accounted for about 16% of India's overall imports, compared with just a 0.5% share a year ago. Yet, Indian refiners are not passing on the cost savings derived from purchasing discounted Russian crude oil to the end-users of diesel and petrol. Petrol currently costs Rs 96.72 a litre and diesel Rs 89.62 in the national capital.  If one excludes the impact of excise duty cuts in May, prices of petrol and diesel have been unchanged at fuel station since April 6, for a record 166 days. Early this month, Minister for Petroleum and Natural Gas Hardeep Singh Puri had linked no revision of fuel prices to the losses that state-owned fuel retailers incurred in keeping the fuel prices unchanged when international oil prices surged to multi-year highs. “Have we recouped all our losses?” Puri went on to ask.  The three retailers posted a combined net loss of Rs 18,480 crore in June quarter. At one point, oil marketing companies were losing Rs 20-25 per litre on diesel and Rs 14-18 a litre on petrol as international oil prices soared. These losses have been trimmed with the fall in oil prices. Sumit Pokharna, Research Analyst (IT and Oil & Gas) - Vice-President, Kotak Securities says, govt kept prices low to tame inflation when crude was high. Despite high gross refining margin, OMCs incurred losses. Benefit of falling crude offset by negative refining margin After Monday's fall in crude oil prices, Pokharna says, OMCs are still incurring a loss of Rs 8 per litre on diesel though this is down from Rs 15 in Q1 and Rs 13 in the ongoing Q2 up until last week. For petrol, the marketing margin turned positive yesterday to Rs 6.5 per litre. This compares to a negative Rs 11 in Q1 and a negative Rs 3 per litre until last week. Oil Minister Puri had indicated international oil prices need to stay at $88 per barrel or below to bring some relief. Although there is no under-recovery on petrol now, for diesel it may take longer. As a prudent measure, OMCs will be allowed to recover the past losses before the benefit of any further fall in crude price can be passed on to the consumers.  

The introduction of a 15% export duty on most steel products, up from zero, and an increase in levies on iron ore and pellets to 45-50% propelled a sharp slump in metal stocks on Monday. Shares of Tata Steel, JSW Steel, Jindal Steel, SAIL and NMDC cracked up to 20% in intra-day trade.   Analysts have now turned pessimistic particularly on metal companies as the recent policy moves are set to undermine their operational performance from hereon.   According to Bhavesh Chauhan, Research Analyst, IDBI Capital, hike in export duty negative for the sector and 15% duty hike means lesser realisations from exports. Steel companies' exports range between 10-25% of sales, Chauhan says adding that margins, already under pressure, likely to shrink further. Downgrades will happen, evaluation awaited to see if there is any upside left.   Some brokerages have already initiated rating downgrades on leading steel stocks as the hike in export duties is expected to lead to a sharp correction in domestic steel prices.  CLSA, for instance, has reduced domestic steel price estimates by 8-10%. On the back of lower steel prices, the brokerage has cut the Ebitda estimate for steel companies by up to 24%. It sees no near-term upside catalysts for the sector, other than a stimulus in China. ICICI Securities, meanwhile, has highlighted the policy decision as extremely negative for the steel sector expecting a broad-based multiple de-rating for the industry. It has also lowered its ratings for most metal stocks.  The brokerage has broadly assessed a likely Rs 5,000-7,000/te of impact on EBITDA for integrated steel players, while for unintegrated steel equities like JSW Steel the impact can be Rs 5,000/te. “Due to the measures announced by the government, near-term correction in steel stocks is imminent. We believe the ramification of these decisions by the government will be felt widely across all parts of the industry,” says Motilal Oswal   According to Motilal Oswal, the export duty hikes can impact the valuation of the sector and companies' ability to invest in capacity growth in the long term.  On the contrary, the government has reduced excise duties on petrol and diesel by Rs 8 and Rs 6 per litre, respectively. Following this, Parbhudas Liladhar has cut its FY23 EPS estimates for HPCL and BPCL by 56% and 40%, respectively, as elevated oil prices remain challenging.  According to the brokerage, OMCs ability to reduce high marketing losses will be contingent on crude price correction, as high inflationary pressure will prevent meaningful retail price hikes despite excise duty cuts. [Parbhudas Liladhar]   Technical charts suggest shares of BPCL could see a bounce until their new 52-week low remains unbreached.  The weekly chart of Hindustan Petroleum Corporation, meanwhile, currently signals a bearish trend. The stock price of Indian Oil Corporation is well-placed given its sustenance above the 200-day moving average level.  On Tuesday, logistics player Delhivery's market debut will be closely watched, while in the primary market chemical company, Aether Industries' Rs 808 crores-IPO will open for subscription.  Besides, Adani Ports, Balkrishna Industries, Balrampur Chini, Grasim, Ipca Laboratories and Metropolis Health will be on investors' watch ahead of their Q4 results. That apart, stock-specific action and global cues will dictate the market trend.

India Inc withstood multiple headwinds from the start of the fourth quarter of FY2021-22. If supply chain snags and soaring inflations were not enough, the Ukraine-Russia war worsened disruptions during the quarter. The Street, too, is anticipating severe pressure on margins despite several rounds of price hikes taken across sectors. However, analysts expect Q4 performance to be resilient aided by the economic recovery. Santosh Meena of Swastika Investmart, says the Indian economy is witnessing a strong revival – evident from the all-time high GST collections in March. Meanwhile, according to Motilal Oswal Financial Services, the Nifty has not seen much earnings downgrade so far, thanks to upgrades in metals, oil and gas, and negligible impact in IT and BFSI sectors. That said, if the input cost situation does not improve and price increases become inevitable, we are not too far away from some demand dislocation and earnings downgrade even for the Nifty. Analysts, too, remain optimistic on India Inc for Q4. HSBC Global, for instance, projects FY22 and FY23 headline Nifty earnings growth at 37% and 19%, respectively. It further estimates FY23 Nifty50 earnings per share growth at 18.9%. However, the brokerage has warned of high commodity costs, and says, “A prolonged period of high commodity prices can prove to be a double-whammy to corporate earnings due to decline in margins and lower demand, increasing the risk of earnings downgrades.” A closer look reveals automobile and FMCG companies are among the worst-hit sectors. Their high input cost worries have been persistent for the past few quarters and the ongoing disruptions have only added to their woes. Santosh Meena of Swastika Investmart expects cement, OMCs and city gas distributors to be the other laggards in Q4. Against this backdrop, markets will be eyeing Q4 updates by companies on Wednesday, ahead of the results season. The Reserve Bank of India will also begin its three-day monetary policy meeting later today, which could keep equities and bond yields volatile. Globally, investors will track FOMC minutes, progress on the Ukraine-Russia negotiations and Covid-19 cases in China. Watch video  

Discussing Fuel price hits 7 cedis at major OMCs. "If care is not taken, should anything happen in Ghana, let's not think the youth will spare us. NPP or NDC, we're all at risk" - Paul Boateng, Security Analyst

Oil prices have been on an unabated uptrend for more than a month now. From a low of $69 per barrel, hit on December 1, 2021, Brent crude prices are above $86 per barrel now. This amounts to an approximate jump of 25% in four weeks. Last Friday, crude prices notched a fourth positive week, its longest rising streak since October. This is because consumption has held up despite the spread of the Omicron variant of the coronavirus. At the same time, spare capacity is dwindling as some of the world's biggest producers struggle to boost output.   And now, analysts are predicting higher oil prices citing limited capacity, insufficient investment in new production, and the strength of demand. Technically, too, one can expect Brent Crude hitting $88 per barrel-mark. According to a report by Reliance Securities, if Brent March contracts hold above $85.50 level, they could continue their bullish momentum up to $87-$88. But, what does all of this mean for India?   Remember, the Indian government is set to unveil its Budget for FY23 in about two weeks from now.  And the document has a major influence on the price of petrol and diesel. Given that five state elections are due next month, analysts don't expect the govt to raise the prices of petroleum products. It is estimated that every $10 rise in crude prices raises fiscal deficit by 10 basis points. Moreover, higher cost of petroleum imports worsens the current account deficit too.   Given this, VK Vijayakumar, chief investment officer at Geojit Financial Services believes rising crude prices can pose problems to the finance minister's pursuit of fiscal consolidation in the budget. Rising crude prices and inflation will also force the RBI to withdraw from the accommodative monetary policy it has been following for the last two years. Echoing similar views, Devendra Kumar Pant, chief economist at India Ratings and Research says prices may be passed on to consumers if the govt doesn't cut petrol prices. That said, M Govinda Rao, Chief Economic Adviser at Brickwork Ratings says, “With the impact of the third wave hurting growth, the RBI will be slow in raising interest rates so long as the inflation rate is below 6%. It must also be noted that the weight of fuel and light in the consumer price index is just 6.84. Therefore, the impact of oil prices on overall inflation will not be large.”    Thus, while rising crude oil prices may disturb the govt's fiscal maths, here's how investors can benefit from the same. According to IIFL Securities, if Brent was to average at $85/bbl for FY23, on unchanged costs, it can potentially lead to 11-14% net profit upgrade for ONGC and Oil India Ltd. Similarly, OMCs may see 14-16% upgrade to FY23 PAT, assuming they revise pump prices; RIL's earnings will also see an upgrade of 5%.   Other oil-linked stocks such as Pidilite Industries, Berger Paints, and Hindustan Oil Exploration Company are eyeing up to 11% upside on tech charts. Against this backdrop, rising crude oil prices may keep indices volatile in the near-term. Q3 results of Bajaj Finance, LTTS, ICICI Prudential Life Insurance, and Tata Elxsi and other global cues will also guide the markets on Tuesday. Watch video

The privatisation of Bharat Petroleum may hit a roadblock due to high fuel prices due to a rise in global crude oil prices.  The price of global benchmark Brent crude oil has risen 13% in a month to $85 per barrel, its highest level in seven years.  A senior oil ministry official told Business Standard that state-run oil marketing companies were currently taking a hit on sale of petrol, diesel and LPG and expected to recover losses when oil prices would soften later. The fuel retailers are losing about Rs 100 for every domestic LPG cylinder sold.  Indian Oil, Hindustan Petroleum and Bharat Petroleum adopted a daily price revision mechanism in June 2017 to pass on the impact of international oil prices quickly.   But an official said the full impact of the recent surge in crude oil prices was yet to be passed on to the consumers by oil companies.  State and central taxes account for a major part of petrol and diesel prices in India.  As on October 16, when petrol was sold at Rs 105.49 per litre in Delhi, the cost excluding taxes was Rs 44.37 per litre. Customers are paying more than twice the cost of the auto fuels due to high taxation by both the Centre and states.  Even though petrol and diesel prices have been officially deregulated, the government nudges the three refiners under its control to keep prices under check.  Under the current pricing structure, the oil companies are bearing a loss with their existing marketing margin of Rs 3-4 a litre getting squeezed. The new owners of BPCL will not like a scenario where they have to adhere to these unofficial price regulations to remain competitive.  We spoke to former chairman and managing director of Oil and Natural Gas Corporation (ONGC), R S Sharma about the challenges facing the privatisation. Highlights of his response: The 3 state-run OMCs support govt's pricing policy Firms unable to fully pass on higher crude oil costs Oil prices were stable and low when BPCL sale was announced The price can cross $100 per barrel soon How can a private company participate in underrecovery? Govt should delay privatisation, wait for stability in oil markets Air India sale took several years, Pawan Hans yet to find takers BPCL much bigger, complex company than Air India If public sector OMCs are not allowed to freely change prices when oil prices continue to soar, BPCL finances will take a hit after it changes hands. The company has a network of 18,768 retail fuel outlets.  To understand this, let us imagine a scenario where there is a further surge in oil prices after BPCL is privatised. The government cannot ask a private company to absorb losses to minimise impact on consumers. But if it asks Indian Oil and HPCL to do this, BPCL will have no option but to reduce its prices. Else, customers will flock to cheaper options like Indian Oil and Hindustan Petroleum.  Not just this, the new promoters of BPCL will also be mandated to follow official pricing regulations concerning LPG, as the government wants to keep regulating it. The company's BharatGas division had a 26.5% share of the LPG market as of June 2021.  If the government wants to keep prices under control, it has to look at reducing its excise duties. The central excise duty collection on petroleum products jumped 74% in FY21 to Rs 3.36 trillion, compared to Rs 2.35 trillion in FY20. It is on track to touch Rs 4 trillion this financial year.  Investors will not look favourably at the privatisation process if the government intends to shift the burden on to the private owners after Bharat Petroleum is sold. The government may have to make concessions which could be politically sensitive. BPCL's buyers may seek a commitment from the government to ensure that free market pricing is followed by all fuel companies.  

The Indian market is likely to open flat Thursday as the trend on SGX Nifty indicates a flat start for the broader index in India. Global cues remain positive with the Asian markets trading higher, while the US indices ending in the green overnight. Telecom stocks will be in focus after the relief package announced yesterday while rising crude oil prices can impact shares of oil marketing companies and paint companies.

On the latest episode of the PokerNews Podcast, Sarah Herring and Chad Holloway take a look back on the 10th Anniversary of Black Friday, offer highlights from the GGPoker Spring Festival, reflect on the passing of David “Beast” Valdez, and recap Niklas Astedt winning SCOOP and GG Super MILLION$ titles. Additionally, they chat with Reno-based poker vlogger Ben Deach, who shares his experience creating content while juggling responsibilities as both a news anchor and new father. Finally, they reveal the winners of the D&B Publishing book giveaway for a copy of Poker Satellite Success by Bernard Lee, last week's guest. Big thanks to the special sponsor this week in Elite Chip Care. Time Stamps *Time|Topic* 00:24 | Welcome to the show 01:00 | Jeff headed to Lone Star Poker Series at Champions Poker Club 03:00 | Teasing guest Ben Deach 03:45 | Sarah a local news girl? 05:30 | 10th Anniversary of Black Friday 08:15 | Online poker boomed during pandemic 10:45 | Topic for the next PokerNews Debate 11:40 | Elite Chip Care 12:30 | 3-time WSOPC ring winner David “Beast” Valdez passes away at age 29 16:50 | GGPoker Spring Festival – Fedor Holz wins a title 17:58 | Sponsor: GGPoker 19:05 | Sam Trickett steps away from poker for family 22:27 | Guest Ben Deach joins the show 23:31 | Ben’s poker origin story 24:38 | Lots of OMCs in Reno 28:13 | Process of creating and releasing a poker Vlog 30:00 | What’s it like juggling poker and vlogging w/ a young son? 31:09 | Ben’s take on the 49ers/Dolphins blockbuster trade 33:00 | Traveling the country to play poker 34:50 | What is the Octo-Crab? 37:19 | Niklas Astedt wins SCOOP and GG Super MILLION$ titles 39:40 | Bernard Lee books winners… Twitter -- @_JeremyJudd & Review – JB901in LA 43:00 | Apply to become a PokerNews reporter or videographer 45:51 | What does Sarah say at the end of the show? 47:33 | Sponsor: Run It Once

The Indian markets may see a tepid start today as indicated by the SGX Nifty which was trading around 11,153 levels, down 21.75 points at 7:16 AM.  Asia shares were expected to open lower on Wednesday after US President Donald Trump’s comments regarding the country’s surge in novel coronavirus cases outweighed a slight rally on Wall Street. In the currency market, the dollar nursed losses against most currencies, undermined by concern that Republicans and Democrats are struggling to reach consensus on the next round of US economic stimulus measures. Besides global cues, investors will today focus on corporate results, other stock-specific developments, and trend in Covid-19 cases.  On the Covid-19 front, the total number of coronavirus cases in India has reached 1,191,636. And the country's death toll has reached 28,763. FMCG major HUL on Tuesday reported a mixed set of numbers for the quarter ended June 30, 2020 (Q1), aided in part by its merger with GSK Consumer on April 1. While profit before tax (PBT) for the period fell 6 per cent year-on-year to Rs 2,411 crore, revenue-wise HUL reported a 4.4 per cent year-on-year increase to Rs 10,560 crore, thanks to the merger of GSK Consumer nutrition brands with the companies. Private sector lender Axis Bank Ltd on Tuesday reported a 31.29 per cent year-on-year drop in profit before tax for the first quarter ended June 30 on higher provisions booked in the current quarter, and also due to moving towards a more conservative mode of accounting. Today, as many as 39 companies are expected to report their June quarter results including names such as Bajaj Auto, L&T, and Rallis India.  And now, a quick look at other top headlines: Jet Airways has received resolution plans from at least two of the four shortlisted entities that made the cut in the fourth round, thereby raising hopes for a revival of the beleaguered airline. Oil marketing companies (OMCs) are planning to rope in start-ups or FuelEnts (fuel entrepreneurs) for doorstep delivery of high-speed diesel (HSD) through mobile petrol pumps. This move is expected to help garner around Rs 9,000 crore of investments, according to industry experts.

The Institute of Energy Security, IES, says fuel prices will be marginally stable for the second pricing window for July 2020 across various pumps in the country.According to them, the stability of the cedi against major currencies and a rise in the prices of Gasoline and Gasoil on the international market, will be the main factors for the marginal increase.A litre of petrol or diesel is currently pegged at 4 Ghana Cedis, 82 pesewas.In an interview with Citi Business News, Executive Director of IES, Nana Amoasi VII (the 7th), said competition between Oil Marketing Companies to control and gain more market share and mounting pressure on government to reduce fuel prices may result in prices remaining largely stable in the second Pricing-window for July.He however added that, prices are likely to go up again due to the increases BDCs place on their prices before selling to the OMCs.Learn more about your ad choices. Visit megaphone.fm/adchoices

The Chamber of Petroleum Consumers, COPEC, has justified its decision to check the amount of fuel dispensed to consumers at various fuel stations. The Association of Oil Marketing Companies, OMCs, has criticized the act accusing COPEC of usurping the powers of the National Petroleum Authority, NPA, and the Ghana Standards Authority, GSA, which are mandated to ensure that OMCs expense the right amount of fuel for any purchase. COPEC however maintains that its actions have in the past led to some defaulting OMCs being fined, which in turn ensured value for money to consumers. According to COPEC, its occasional checks at fuel stations forms part of its role as a civil society organization interested in promoting the interest of consumers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Erasing most of its early gains, the equity market settled with minor gains on Monday, led by buying in IT and financial counters.  The S&P BSE Sensex slipped 557 points from day's high to end at 34,370.58, up 83 points or  0.24 per cent while NSE's Nifty ended at 10,167 points, up 25 points or 0.25 per cent.  India VIX, the volatility index, climbed 3.64 per cent to 29.72 levels.  Of 30 stocks on Sensex, 16 ended in the green and rest 14 in the red. IndusInd Bank (up around 7 per cent) ended as the top gainer on the index after the private sector lender said that its promoters would acquire additional shares of the Bank from the secondary market.  Reliance Industries (RIL) hit yet another record peak of Rs 1,624 on the BSE after the oil-to-telecom behemoth announced 1.16 per cent stake sale in Jio Platforms, its digital services subsidiary, to Abu Dhabi Investment Authority (ADIA) for Rs 5,683.50 crore. The stock, however, reversed morning gains to end at 1,570, down 0.67 per cent.  Shares of oil marketing companies (OMCs) traded firm during the day after petrol and diesel prices were hiked by 60 paise per litre for a second straight day, thus ending an 83-day hiatus in rate revision.    Sectorally, IT stocks gained the most, followed by private bank stocks. The Nifty IT index jumped 1.83 per cent to 14,894.60 levels while Nifty Private Bank index ended at 11,545.60, up 1.28 per cent. On the flip side, Nifty Media declined 1.66 per cent while Nifty Pharma dropped 1.41 per cent to 9,939.10 levels.  In the broader market, the S&P BSE SmallCap index rallied around 1 per cent to 11,965.33 levels while the S&P BSE MidCap index ended at 12,583.61, up 0.23 per cent. 

According to Energy think tank, the Institute of Energy Security, IES, said consumers of petroleum products are likely to pay more for the fuel they purchase at the various pumps in the first pricing window in June. The Institute of Energy Security explained to Citi Business News that, per its analysis, it expects the prices of fuel on the domestic market to go up, and above April 2020 levels. IES attributes this to the 23.25% surge in price of Brent crude oil, in addition to the 41.80% and 22.68% significant rise in the prices of Gasoline and Gasoil respectively on the international market. It added that the marginal depreciation of the local currency would also be another determinant for the Bulk Distribution Companies (BDCs) in selling to the OMCs, and that would definitely reflect at the pump. --- This episode is sponsored by · Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA Support this podcast: https://anchor.fm/newscast-africa/support

the domestic equity market ended Wednesday's highly volatile session in the positive zone, mainly on account of buying in financial counters in the fag end of the session. Nifty Bank rallied 423 points or over 2 per cent to settle at 19,694.55 levels.   The S&P BSE Sensex ended at 31,686, up 232 points or 0.74 per cent while NSE's Nifty closed 65 points or 0.71 per cent higher at 9,270.90 levels. Volatility index, India VIX, slipped over 5 per cent to 41.28 levels.   Auto major Mahindra & Mahindra (M&M) gained over 5 per cent to Rs 387.40 and ended as the top gainer on the Sensex. Bajaj Finance (up 5 per cent), and HDFC Bank (up nearly 4 per cent) were next on the gainers' list. On the downside, ITC emerged as the top loser on the index - down around 6 per cent.   In the broader market, the S&P BSE MidCap index climbed 0.8 per cent to 11,480.58 while the S&P BSE SmallCap index ended at 10,701.31, up 0.5 per cent.   Buzzing stocks   NIIT Technologies zoomed 20 per cent to Rs 1420.50 on the BSE after the company reported a healthy 24.4 per cent year-on-year growth in earnings before interest, taxes, depreciation, and amortization (Ebitda) at Rs 198.8 crore for the quarter ended March quarter (Q4FY20). Ebitda margins improved by 91 basis points to 17.9 per cent against 17.0 per cent in year ago quarter.    Shares of oil marketing companies (OMCs) witnessed steep correction, a day after the Centre announced one of the steepest hikes in duties on petrol and diesel in the recent past, by raising it by Rs 10 and Rs 13 per litre, respectively, in a notification issued late on Tuesday.    Liquor stocks were under pressure for second straight day after some state governments hiked excise duty on liquor. United Breweries, Radico Khaitan, United Spirits, GM Breweries, Associated Alcohols & Breweries and Globus Spirits declined between 3 per cent and 7 per cent on the BSE.    Global Markets   Global shares struggled on Wednesday as mixed earnings, doubts about the easing of coronavirus lockdowns and simmering US-China tensions cast a pall over markets.   MSCI's index of global shares was trading flat. The pan-European STOXX 600 was 0.3 per cent higher, with losses in oil and gas shares weighing on the index.   Wall Street futures were positive, with E-minis for the S&P500 up 0.6 per cent.   In commodities, Oil prices rose above $31 a barrel as hopes for a recovery in demand as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in US inventories.

The Chamber of Petroleum Consumers Ghana (COPEC), says it will not rule out the possibility of going to court to compel Oil Marketing Companies (OMCs) in the country to reduce fuel prices at the pumps. The threat comes after a conflict over crude oil prices between Saudi Arabia and Russia pushed the global price of crude oil down by almost 30 percent, the lowest in four years COPEC is demanding that OMCs also reduce their fuel prices in consonant with the deregulation policy which allows fuel stations to increase their prices when price goes up and vice versa. The Executive Director of COPEC, Duncan Amoah, said he will be compelled to go to the court if OMCs do not reduce their fuel prices by end of this week. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices

Following the global sell-off, Indian equity markets, too, settled lower on Friday after US military killed Iran Revolutionary Guards' commander Qasem Soleimani in a surprise air-strike. The middle-east tensions sent Brent Crude Futures soaring, while market sentiment turned sour at D-Street.  Brent crude futures jumped nearly $3 on Friday after a US airstrike in Baghdad killed top Iranian and Iraqi military commanders, sparking concerns of disruption to Middle East oil supplies. At 3:10 pm, Brent Crude Futures were at $68.62 per barrel-mark, up 3.5 per cent. The S&P BSE Sensex, which hit an intra-day low of 41,348.68, recovered slightly in the fag-end of the session and settled 162.03  points, or 0.39 per cent, lower at 41,464.61 level. 24 of the 30 constituents ending the day in the red. Oil-linked stocks, such as paints, aviation, oil-marketing companies (OMCs), and financial counters remained under pressure.  In the intra-day trade, Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL), for instance, declined 2.9 per cent each on the BSE. Reliance Industries, Indraprastha Gas Ltd (IGL), and Indian Oil Corporation (IOC), too, slumped up to 0.7 per cent.  On the NSE, the Nifty50 lost 58.40 points, or 0.48 per cent, to settle at 12,223.80-mark. Sectorally, Nifty PSU Bank index slipped the most, down 2 per cent at close. Besides, Nifty Bank, Auto, Private Bank indices slipped over 1 per cent. On the upside, Nifty IT index advanced 1.3 per cent on the back of a weaker rupee.  In the broader market, small-caps traded in the green territory, while mid-caps followed benchmarks. The S&P BSE mid-cap index was down 0.41 per cent, while the S&P BSE small-cap index was up 0.03 per cent at close.  However, despite a weak sentiment, Adani Green, IIFL Securities and FDC traded higher on Friday.  Shares of Adani Green Energy hit a new high of Rs 193, having been locked in the 5 per cent upper circuit for the fourth straight day on Friday on the BSE on strong financial performance. At 02:41 pm, Adani Green’s market cap was Rs 30,131 crore, making it the 95th company with the highest m-cap in India. Besides, shares of IIFL Securities were locked in 5 per cent upper circuit for the third straight day at Rs 47.15 on the BSE on Friday after ace investor Rakesh Jhunjhunwala bought nearly one percentage point stake in the financial services firm via open market.  Meanwhile,  FDC hit a 52-week high of Rs 222 on the BSE after rallying 5 per cent in intra-day trade today after the drug company received good manufacturing practice (GMP) certificate from UK drug regulator for its Goa plant. The stock closed 1.38 per cent higher at Rs 213.6. A quick look at the global markets: Heightened geo-political tensions between the US and Iran turned Asian markets negative. MSCI’s broadest index of Asia-Pacific shares outside Japan had touched its highest point since June 15, 2018, in early trade, lost 0.16 per cent at close. China’s CSI300 index, one of the world’s best-performing indices last year, struggled to stay in positive territory but was last down about 0.2 per cent. Australian shares finished up 0.64 per cent, but off earlier highs. In Europe, the pan-European STOXX 600 index was down 0.6 per cent at 1:30 pm, with all the major country indexes well in the red.

Equity market ended in the negative territory on Monday as oil prices surged the most in 28 years in the intra-day trade following attacks on key oil producer Saudi Arabia’s crude facilities over the weekend. Counters such as oil marketing companies (OMCs), tyre, paint and aviation stocks tumbled up to 7 per cent following the development.  The S&P BSE Sensex lost 262 points or 0.70 per cent to close at 37,123 levels, with M&M(down 2.50 per cent) being the top loser and ONGC (up around 1.50 per cent) the biggest gainer. HDFC, Reliance Industries (RIL), SBI and L&T contributed the most to the Sensex's loss while TCS, HUL and Tech Mahindra were among the top gainers. In the broader market, the S&P BSE MidCap index slumped 38 points, or 0.27 per cent, to 13,628.07 levels, while the S&P BSE SmallCap index surged 83 points, or 0.64 per cent, to 13,096 levels. On NSE, the Nifty50 index ended at 11,003.50, down 72 points or 0.65 per cent. Out pf 50 constituents, 14 advanced and 36 declined.  The session was highly volatile as India VIX, the volatility index, jumped around 6 per cent to 14.93 levels.  Among the sectoral indices on NSE, PSU bank stocks slipped the most, followed by realty and financial services counters. The Nifty PSU Bank settled at 2,479.55 levels, down 32 points or 1.28 per cent.  BUZZING STOCKS Among individual stocks, Eveready Industries hit an over five-year low of Rs 57 on the BSE after the company announced that Calcutta High Court has restrained from transferring, alienating or encumbering any of its assets till the application filed by Infrastructure Leasing & Financial Services (IL&FS) was disposed of. The High Court Order is likely to delay the company’s plan to sell its battery business to pare debt. Equitas Holdings slipped 13 per cent to Rs 102 on the BSE after the Securities and Exchange Board of India (Sebi) on Friday returned the draft scheme with regard to Equitas Small Finance Bank (ESFB), citing that it was not in compliance with the regulatory provisions. 

Markets are likely to see a positive start on Wednesday as trends on SGX Nifty suggest a firm opening for domestic indices. Hopes of diminishing US-China tensions and reduced risk of no-deal Brexit prompted investors in Asia to take profit in risk-off trade ahead of key central bank policy meetings. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.10% while Japan's Nikkei was trading 0.6% higher during the early trade on Wednesday. On Wall Street, the S&P 500 ended little changed as a rally in energy and industrial shares countered a drop in the technology and real-estate sectors. The Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.03%, and the Nasdaq Composite dropped 0.04% during the overnight trade on Tuesday. Besides, market participants are expected to track stock-specific action, oil price movement, and the Rupee's trajectory, and investment by FIIs and DIIs to steer through the day.   In the commodities market, oil prices inched towards $63 per barrel mark, their highest levels in six weeks, after an industry report showed that US crude stockpiles fell by more than twice the amount that analysts had forecast. Investors, therefore, shouldn't lose sight of paint, OMCs, and tyre manufacturing companies. Back home, the S&P BSE Sensex ended Monday's session 0.44% higher at 37,145, and the Nifty50 index settled at 11,003, up 0.52%. Top headlines for the day, and stocks that are likely to remain in focus--   >> Finance Minister Nirmala Sitharaman on Tuesday said the government was conscious that it needed to respond to the demands of the automobile industry. >> YES Bank will be in focus in today's session after reports suggested that Rana Kapoor, the bank's co-founder, was in talks with One97 Communications, owner of Paytm, to sell his stake in the private sector lender. >> The year-long liquidity pain in the NBFC sector is set to linger on through the rest of the fiscal year owing to the deepening slump in the overall economy, an India-Ratings and Research report said. >> The Reserve Bank of India mandating banks to link certain loans to the external benchmark-based interest rate from October 1 is credit negative to the lenders as it will limit their flexibility in managing risks, Moody's Investors Service said on Tuesday Here is a stock recommendation by Anand Rathi Shares and Stock Brokers -- The brokerage recommends BUYING ITC at current market price, for the target of Rs 259. The stop loss is at Rs 240.

#PropertyMatters hosts Bryan Fox & Carol Tallon are joined in studio by Emma Hayes of Property District to discuss projects open for public consultation through PLACEengage.com; Trevor Kelly, public loss assessor and property claims expert at Insurance Claim Solutions highlights the need to evaluate and vary your property valuation at insurance renewal stage; Des McCabe of the Apartment Owners Network talks about the proposed reform of OMCs in Ireland.

Trading on Wednesday remained range-bound as investors remained on the sidelines a day before the new government tables the Economic Survey in the Parliament on Thursday, July 4.  The S&P BSE Sensex ended 23 points, or 0.06 per cent, higher at 39,839 levels with Indusind Bnak, L&T and ITC being the top gainers. The broader Nifty50 too settled at 11,917 levels, up 6 points, or 0.05 per cent. In the broader market, S&P BSE Mid-Cap ended 16 points, or 0.11 per cent higher at 14,962 levels while the S&P BSE Small-Cap gained 37 points, or 0.26 per cent, to settle at 14,320 levels. Sectorally, information technology (IT) scrips were under pressure with the index with ending 0.90 per cent lower. This was followed by losses in pharma and metal counters. Nifty public sector bank index settled 1.72 per cent higher followed by realty and media index, up close to a per cent each.  BUZZING STOCKS Shares of oil marketing companies (OMCs) such as Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) gained in the early trade on Wednesday as the crude oil prices fell over 4 per cent in Tuesday's session. Other beneficiaries of the lower oil prices such as tyre and paint stocks, too, rallied in the trade.  Dewan Housing Finance Corporation Limited (DHFL) shares rose 7 per cent to Rs 81 in Wednesday's early morning trade on the BSE on report that its lenders were willing to consider the proposal of extending a fresh loan of Rs 12,000-18,000 crore over a year to the cash-starved mortgage lending firm.

The benchmark indices closed Tuesday's session marginally lower. Both Sensex and Nifty spent the majority of their day in the negative zone, with the former sliding almost 300 points at one point, dragged down by financials. However, buying in metal stocks and OMCs lifted the indices in the last hour of trade but couldn't pull the indices out of the red zone. The S&P BSE Sensex ended the day at 39,032, down 36 points, or 0.09 per cent, with YES Bank, IndusInd Bank, Hero MotoCorp, Maruti Suzuki India, and Powergrid being among the top losers. The broader Nifty50 also slid 6.5 points, or 0.06 per cent, to 11,748. About 1,326 stocks fell and 468 shares declined on the NSE. Among sectoral indices, the biggest loser was the Nifty PSU Bank index, down 3.34 per cent, while Nifty Realty also fell 2.3 per cent. The broader markets undperformed the benchmark indices, with the S&P BSE MidCap index slipping 175 points, or 1.16 per cent, to 14,889, while the S&P BSE SmallCap index was ruling at 14,625, down 189 points, or 1.27 per cent. BUZZING STOCKS YES Bank shares tanked 29.2 per cent to Rs 168 on the National Stock Exchange (NSE) after the bank reported a whopping Rs 1,506 crore net loss for the March quarter (Q4FY19) as provisions soared over nine times. The private sector bank posted its first-ever quarterly loss during the quarter. It had posted a profit of Rs 1,179 crore in the year-ago period.  Eveready Industries shares plunged 20 per cent to Rs 116.85 after rating agency India Ratings and Research (Ind-Ra) downgraded the company's long-term credit rating with negative outlook.

Kevin Mattson shared with our listeners his 16 day epic trip on the Excel long range sportfisher. WayneKotow, Excecutive director for the California CCA spoke about how fishermen can input the NOAA decision to ban Bluefin Tuna fishing, and also gave a report on lobster poaching. Cabo Greg gave us a fishing report live from Cabo San Lucas and told us a little bit about the vessels available at Land's End Charters Brad Menet from Amber Marine clued listeners in on his unique service offered on older Evinrude's and OMCs motors, and the service Amber Marine offers on newer model engines.

Kevin Mattson shared with our listeners his 16 day epic trip on the Excel long range sportfisher. WayneKotow, Excecutive director for the California CCA spoke about how fishermen can input the NOAA decision to ban Bluefin Tuna fishing, and also gave a report on lobster poaching. Cabo Greg gave us a fishing report live from Cabo San Lucas and told us a little bit about the vessels available at Land's End Charters Brad Menet from Amber Marine clued listeners in on his unique service offered on older Evinrude's and OMCs motors, and the service Amber Marine offers on newer model engines.

Thank you for downloading. Please find us online at Madora.co.uk. Would love to hear from you. Drop me a line via email kay.williams@madora.co.uk Is Oracle starting to wake up to the demand of its users for more cloud capabilities and flexible licence models? With recent announcements in Oracle OpenWorld 2014, is Oracle starting to wake up to the demand of its users for more cloud capabilities and flexible licence models? Oracle’s core business has, like many of the larger enterprise software companies been focused on selling software designed to run on premise and charging a flat fee for the licenses and typically an annual support and maintenance fee. Over the last fifteen years we have seen a number of application providers providing access to their application via subscription models that do not require the purchase of any infrastructure – database, application servers, operating systems, networking or and hardware servers. Although Larry Ellison has in the past been quick to poo poo cloud computing he has clearly woken up to the industry shift. “We have a new, much-upgraded cloud platform,” Ellison said to his key note speech on the 28th September. “We are just getting started. We launched our real platform this month.” Previously the only options for customers to run Oracle in the cloud on a true subscription basis was via Amazon or Azure. Oracle will “have the same pricing as Amazon or any other infrastructure provider,” Chairman Larry Ellison said at the Oracle OpenWorld conference in San Francisco. Oracle has seemed to be behind in many ways with regards to providing utility or SaaS type pricing. Sure Oracle would argue that Fusion Apps have been available for a while and the cloud application portfolio is increasing all the time. However most customers still run ‘on the premise applications’ which are fundamentally different than the Fusion Apps which were written from scratch for the cloud. It is these traditional ERP/CRM/SCM legacy applications that present a number of problems for customers: Licensing metrics are often not clear. It does not allow for the growth or decline of the business. It does not allow for spikes or seasonal peaks. It does not lend itself for innovation, testing of new concepts. It does not allow a trial to review business benefits or ROI. So what about customers that have written their own apps running on Oracle or use vendor apps based on Oracle? Many want to pay for Oracle technology licences as a subscriptions whether on premise on their own kit or on the cloud.Clearly Oracle is moving this way with enhancements to its PaaS services. See https://cloud.oracle.com/database The fully ‘Oracle managed’ Oracle database is yet to make an appearance but pricing is available for a number of options. For example the client managed option for High Performance Enterprise Edition is $4,000 / Month per OCPU. This sounds high but it does include a large number of management, testing and security database options. The pricing is also available by the hour so it is absolutely possible to use this for testing, development or backup. It’s per OCPU – not sure what that really means. When I get a better idea I will let you know. Where I see the real opportunity is for the duel running of new systems. Previously the only real option for customers to run new systems in parallel for a period before switch over was to buy 1 year term licenses in order to remain compliant. Cloud Alternatives The current alternatives to Oracle’s cloud services are Amazon http://aws.amazon.com/oracle/ or Microsoft’s Azure. Amazon Web Services and Oracle Amazon RDS for Oracle allows you to bring your own licences or use Oracle included licences. Costs start from 0.04 USD per hour for the on-demand licence included option which means that running an oracle application really is more affordable than ever. Bring you own licence starts at 0.025 USD. There does appear to be one downside of the licence included option and that is the database is Standard Edition 1. This could mean that applications that use Enterprise option will not be able to take advantage of this. While this may not provide the licence subscription desirable for most enterprise applications, for developers this could be a more effective way to run proof of concepts. What about cannibalisation of revenues? One of the main criticisms of Oracle not being so quick to adopt subscription based licence models for Database and Middleware was the concerns about cannibalisation of its existing revenue streams. Last month in the Oracle earnings call Oracle reported fiscal first-quarter profit and sales that were below analysts’ projections. Oracle also forecast Q2 revenues and profits below estimates. Oracle is investing in its cloud division and there is a big drive within Oracle to push managed cloud services with big incentives for its sales teams. On the same call Safra Catz, Oracle co-CEO said,”As the movement to the cloud grows, we expect this transition will affect our revenue to the positive”. See full earnings transcript on Seeking Alpha.So in summary , I welcome the announcements in OpenWorld 2014. It is a good start and it should provide some alternative flexible options for customers who want a subscription based pricing. This will present some organisational challenges especially around its sales division. Sure customers are going to continue to run software on premise but do Oracle really need all those sales people? So what do you think? Does Oracle or even Amazon present a viable alternative now? Will you use it?