How Is Energy Transferred - 1431 Words

How is energy transferred? This question can be answered in many ways and forms, let’s elaborate.†¨Energy in the dictionary meaning is, ‘the strength and vitality required for sustained physical or mental activity’. In my own view, energy is the most vital and unrecognized strength this world has. Energy can make anything move or perform certain movements or tasks, it can even be used to make non-living things move. That is called Kinetic Energy. Kinetic energy is energy that is stored and used by any moving object. When an object is using kinetic energy, it creates another form of energy called Gravitational Potential Energy. This is energy that is stored in an object, it is also the energy of a particle acquired from position, or condition, rather than motion. Things that have potential energy are a raised weight, coiled spring, a charged battery or even food etc, energy causes change within systems.†¨The dictionary meaning is ‘the energy possessed by a body by virtue of its position relative to others, electric charge, electric charge, and other factors’. Elastic potential energy is the potential in which when you pull something such as an elastic band, and the further you pull and stretch the item, the more Elastic potential it possesses upon release of the object.†¨ The way energy travels is by vibrating in waves which can either be a path through longitudinal or transverse waves. These waves are the path to transferring energy. Longitudinal waves travel and vibrate in aShow MoreRelatedInvestigation Into The Heat Of Combustion Of An Alcohol1669 Words   |  7 Pagesand are going to be used to warm up a known amount of water in a beaker. Therefore, the mass of alcohol that will be burnt is going to be measured. In this experiment you will also learn about calorific value. Calorific value is the amount of heat energy produced on combustion of 1g of alcohol can then be calculated. Abstract: This investigation is all about what alcohol is more effective as a fuel. The alcohols that we used were methanol and ethanol. During this experiment safety precautions wereRead MoreHow Heat Is The Heat Source For Our World1513 Words   |  7 Pagesthe sun that energy is transferred â€Å"through space and through the earth s atmosphere to the earth s surface† (â€Å"The Transfer of Heat Energy†, n.d.). When energy begins to warm our planet’s atmosphere and surface, some of that energy is considered to be heat energy. Specifically, there are three different methods in which our world uses to transfer heat into and throughout the atmosphere; these methods include conduction, convection, and radiation. Heat is considered to be thermal energy, and thus isRead MoreThe Effect Of Heat Transfer On The Sun Essay1640 Words   |  7 Pagesthat they are the methods by which heat is transferred. Scientists have stated that heat transfer is the exchange of thermal energy between physical systems. The rate at which heat is transferred occurs is dependent upon the temperature of the system and properties of the medium where the heat is transferred. Heat transfer, whether it is any of the three previously stated, are extremely important because it is vital to existence on Earth. The thermal energy that comes millions of miles from the SunRead MoreTeaching Will Be Very Proactive And Flexible During The Unit On Energy859 Words   |  4 PagesTeaching will be very untraditional and flexible during the unit on energy. The students all have multiple disabilities and are in a self-contained setting most of the day. These disabilities impact all three students’ academics and behaviors. Lesson planning for this unit was and will continue to be strategic and complicated. In order for students to grasp each concept, the concept must be broken down into smaller concepts. Each lesson will have to be well paced, where each lesson does not go tooRead MoreEnergy And Energy Of Energy1140 Words   |  5 PagesScientifically, energy is defined as the ability to do work. While there are many forms of energy, they can be grouped into two categories:Potential energy, or stored energy; and Kinetic energy, or energy is a form of potential energy and it is possessed by things such as food, fuels, and batteries. Energy is the ability to cause changes in matter. It can exist in many different forms. Energy can change from one form to another. There are six forms of energy: mechanical, chemical, electrical, lightRead MoreCell Energy Worksheet1024 Words   |  5 PagesAssociate Program Material Cell Energy Worksheet Answer the following questions: Cellular respiration: †¢ What is cellular respiration and what are its three stages? Cellular respiration is the process by which electrons are transferred between glucose to coenzymes and then to oxygen. The three stagesare: glycolysis, citric acid cycle, and electron transport. †¢ What is the role of glycolysis? Include the reactants and the products. Where does it occur? GlycolysisRead MoreEnthalpy Change of Combustion Experiment852 Words   |  4 Pagesbefore and after used as heat source to heat water in a calorimeter. The result is used to find out amount of heat transferred by the fuel, amount of fuel used and the enthalpy change of combustion. Introduction Enthalpy change of combustion is the enthalpy change when a substance completely reacts with oxygen under standard conditions. This experiment is carried out to show how this enthalpy change of combustion is different in different fuels. For this experiment I took two fuels methanol andRead MoreAdvantages And Disadvantages Of Geothermal Energy1516 Words   |  7 PagesSUBMITTED FOR Energy Studies INTRODUCTION In the present scenario , ENERGY has become the most important part of our daily life requirements . It is used so extensively in our day to day life that we , at many times , do not even realise that it is being used. Thus, for all our works , energy is required in large quantities . But the big question which arises is , from where to get the energy.There are several sources and a wide variety of methods to fulfill our demands by producing energy . Being humansRead MorePlain And Simple, We Need Heat1599 Words   |  7 Pagesheat from the Sun. As one can see, heat is all around us and we need it, but many of us do not even know what the proper definition for heat is or how or why it even transfers. Therefore, this paper will focus on giving answers to questions that might be though to be simple but there is a whole scientific explanation behind them such as what is heat? How does it transfer? What are some examples of those heat transmission forms? What is Heat? Before writing the paper, I ask both my sister and husbandRead MoreSynthesis From The Law Of Conservation Of Energy1470 Words   |  6 Pagesconservation of energy but is slightly changed to encompass the differences. (clarkson.edu, n.d.) This law when put simply states that the change in energy within the system is directly proportional to the difference of the heat input to the system and the workout put of the system. (ucdavis.edu, n.d.)This gives the following equation: ∆U=Q-W Where; ∆U is the change in internal energy of the sytem Q is the amount of energy added to the system through heat W is the amount of energy lost due to work

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Case Study/Research Paper of Mergers Icici and Icici Bank Free Essays

Industrial Credit and Investment Corporation of India Limited (ICICI) was founded by the World Bank, the Government of India and representatives of private industry on 5 January, 1995. The objective was to encourage and assist industrial development and investment in India. Over the years, ICICI has evolved into a diversified financial institution. We will write a custom essay sample on Case Study/Research Paper of Mergers Icici and Icici Bank or any similar topic only for you Order Now ICICI’s principal business activities include project finance, infrastructure finance, corporate finance, securitization, leasing, deferred credit, consultancy services and custodial services. It has set up specialised subsidiaries in the areas of commercial banking, investment banking, non banking finance, investor servicing broking, venture capital finance and state level infrastructure financing from where the group draws its strength. ICICI BANK- ICICI Bank was set up by the ICICI group as a commercial banking outfit on 5 January, 1994 and received its banking license from the RBI on 17 May, 1994. The first branch of ICICI Bank was started in Chennai in June 1994 and by 31 March, 1999 and before the merger it had 64 branches across the country. From the beginning the branches were fully computerised with state-of-the-art technology and systems and networked through VSAT technology. It offered a wide spectrum of domestic and international banking services to facilitate trade, investment, cross-border business and treasury and foreign exchange services. This is in addition to a whole range of deposit services offered to individuals and corporate bodies. ICICI Bank’s ‘Infinity’ was the first Internet banking service in the country. Currently the Bank has around 350000 customers. * ABOUT THE MERGER After consideration of various corporate structuring alternatives in the context of the emerging competitive scenario in the Indian banking Industry, and the move towards universal banking, the managements of ICICI and ICICI Bank decided to go for the merger of ICICI with ICICI Bank which would be beneficial for both entities and would create the optimal legal structure for the ICICI group’s universal banking strategy. In October 2001, the Board of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002,by the High Court of Gujarat at Ahmadabad in March 2002, and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. ICICI Limited merged with ICICI Bank Limited on 30 March 2002, with the swap ratio of 2 ICICI Shares for 1 share of ICICI Bank Limited. With this merger, the second largest Bank in India was born. RBI had given approval for the reverse merger of ICICI Ltd. with its banking arm ICICI Bank. ICICI Bank with Rs. 1 lakh crore asset base bank is second only to State Bank of India, which is well over Rs. 3 lakh crore in size. RBI also cleared the merger of two ICICI subsidiaries. FOR ICICI THE MERGER MEANT- 1. Increasing the speed in financing long-term projects 2. Obtaining access to cheaper funds for lending 3. Increasing its appeal to investors for raising capital base needed to write off bad loans 4. Competing more effectively in the retail finance market dominated by banks FOR ICICI BANK THE MERGER MEANT- 1. Expanding geographically 2. Utilising large capital base of ICICI 3. Gaining brand equity from the strong brand of ICICI 4. Deriving benefits from ICICI’s well established corporate relationship * CONDITIONS LAID DOWN BY THE RBI BEFORE GIVING THE APPROVAL FOR THE MERGER (i) Compliance with Reserve Requirements The ICICI Bank Ltd. ould comply with the Cash Reserve Requirements (under Section 42 of the Reserve Bank of India Act, 1934) and Statutory Liquidity Reserve Requirements (under Section 24 of the Banking Regulation Act, 1949) as applicable to banks on the net demand and time liabilities of the bank, inclusive of the liabilities pertaining to ICICI Ltd. from the date of merger (ii) Appointment of Directors The bank should en sure compliance with Section 20 of the Banking Regulation Act, 1949, concerning granting of loans to the companies in which directors of such companies are also directors. iii) Conditions relating to Swap Ratio As the proposed merger is between a banking company and a financial institution, all matters connected with shareholding including the swap ratio, will be governed by the provisions of Companies Act, 1956, as provided (iv) Subsidiaries While taking over the subsidiaries of ICICI Ltd. after merger, the bank should ensure that the activities of the subsidiaries comply with the requirements of permissible activities to be undertaken by a bank under Section 6 of the Banking Regulation Act, 1949 and Section 19 (1) of the Act ibid. v) Preference Share Capital Section 12 of the Banking Regulation Act, 1949 requires that capital of a banking company shall consist of ordinary shares only (except preference share issued before 1944). * BENEFITS OF MERGER Through the merger, ICICI Bank became India’s 1st universal bank that is, one-stop shop financial services in India and acquired large market share of retail banking and offered a complete range of banking products. 1. Optimum utilisation of human capital 2. Improved ability to further diversity asset portfolio and business revenues 3. Reduced costs of funds 4. Availability of more float money due to active participation in the payment system 5. Diversified fund raising due to access to retail funds 6. Leveraged the ICICI’s capital and client base in terms of increase in fee income 7. Improved profitability by leveraging technology and low cost structure 8. Access to ICICI group’s talent pool and thereby development of human resource at lower costs. * PROBLEMS FACED . The risk of failure to obtain government and other approvals of the merger as per planned. 2. The risk of failure of the High Courts of Mumbai and Gujarat to approve the scheme of Amalgamation. 3. The risk of business which may not be integrated as smooth as planned. 4. Merger of ICICI Ltd and ICICI bank making it more difficult to maintain relationships with clients, employees and suppliers. 5. The risk of new and changing regulation and unfavourable politica l support or other developments in Indian and international markets. CONCLUSION The swap ratio was based on the valuations and recommendations of investment bankers. The merger ratio was set as two ICICI shares for every ICICI Bank share that is one equity share of ICICI Bank was swapped for two equity shares of ICICI. The merger brought operational strategies both in terms of economies of scale and scope. Economies of scale achieved through increase in business volumes at lower operating costs and deployment of latest technology. Economies of scope were achieved through enlarged product range. FINANCIAL PERFORMANCE OF ICICI AND ICICI BANK AFTER MERGER ICICI Ltd Profit to equity holders increased by 16% 21% increase in Indian GAAP consolidated profits ICICI BANK There was always an increase seen in the profits after the merger The merger took place in 2002 and its 2013 now the merger has successfully completed 11 years which shows that the merger created a strong entity, which will redefine banking in the highly competitive era of globalisation and liberalisation. BIBLIOGRAPHY * www. google. com * www. economictimes. com How to cite Case Study/Research Paper of Mergers Icici and Icici Bank, Free Case study samples