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China's Chemical Fiber Industry Output Rank 2018 Releases Carbon Fiber-assisted Transportation Lightweight
On June 21, the 2019 China Chemical Fiber Science and Technology Conference was co-sponsored by the Ministry of Environment and Textile Engineering of the Chinese Academy of Engineering, the China Chemical Fiber Industry Association and the China Textile Engineering Society, supported by the Quanzhou Municipal Government, the Chemical Fiber Professional Committee of the China Textile Engineering Society, the relevant professional committee of the China Chemical Fiber Association and its branch. Quanzhou, Fujian Province. With the theme of "Science and Technology Drive, Fusion Development, Sharing the Future", the conference is committed to disseminating the latest technological achievements and cutting-edge technologies in the upstream and downstream of the chemical fibre industry chain, stimulating the innovative vitality of chemical fibre science and technology talents, promoting the high-quality development of the chemical fibre industry and accelerating the process of building a strong textile country. From government agencies, industry associations, experts, scholars, research backbone, enterprise representatives and colleagues concerned about textile and chemical fibers and related fields, a total of 500 people participated in the forum.
At 9 a.m., as the most cutting-edge part of the conference, the High-level Forum on Advanced Composites and Lightweight Materials Applications took the lead.
▲ Jiang Shicheng, Academician of the Chinese Academy of Engineering
In his speech, Jiang Shicheng, academician of the Chinese Academy of Engineering, pointed out that fibre materials have become one of the fastest and most active fields of science and technology in the world. Scientific and technological innovation in the field of advanced fibre materials is promoting the subversive development of the fibre industry and promoting the establishment of a new generation of fibre industry system. In 2018, China's chemical fibre output reached 50 million tons, accounting for more than 70% of the world's total chemical fibre output, and the position of the chemical fibre industry as a powerful country has initially emerged. Among them, great progress has been made in the research and development of new fiber materials, especially high-tech fibers, and the gap between them and the advanced level of developed countries has been narrowed considerably.
In recent years, through a series of industrial development plans, China has further defined the objectives and tasks of the development of key basic materials industry, providing direction for the continuous promotion of the upgrading of product structure, industrial structure and technological structure of the chemical fiber industry, in order to achieve the scientific development and high-quality development of the chemical fiber industry. In terms of high performance fiber materials, we focus on the development of high performance carbon fibers, para-aramid fibers, ultra-high molecular weight polyethylene fibers, polyimide fibers, silicon carbide fibers and other products. At the same time, we should integrate the superior resources of the new material industry, encourage upstream and downstream enterprises to jointly tackle key problems, and concentrate on breaking through the industrial application of core technologies.
▲ Lv Gang, Vice Mayor of Quanzhou People's Government
Lv Gang, deputy mayor of the Quanzhou Municipal People's government, said in his speech that in recent years, Quanzhou has actively promoted the "China made 2025" pilot demonstration city, the National Independent Innovation Demonstration Zone, and the national innovative city construction, and actively promoted the work of "numerical control generation" and "Internet +", so as to promote the transformation of the textile and chemical fiber industry. Upgrade, formulate the implementation of textile shoes and clothing industry transformation and upgrading roadmap, aiming at the established objectives and tasks, make up for shortcomings, make up for shortcomings, strengthen, and precisely promote the healthy development of the whole industry. In 2018, there were 1179 textile and apparel enterprises, 616 enterprises with annual output value exceeding 100 million yuan, accounting for 91.7% of the total planned output value. The added value of the planned enterprises was 75.932 billion yuan, an increase of 10.6%, accounting for half of the textile and apparel industry in the province. It is an important production base and export base of textile and apparel in China.
How can carbon fibers help lightweight vehicles?
▲Xu Jifeng, Deputy Designer of Beijing Civil Aircraft Technology Research Center of China Commercial Airlines
Composite materials have high specific strength, specific stiffness, strong designability, and can increase fuel efficiency by 20%. Fatigue resistance and corrosion resistance can improve structural efficiency. They have been widely used in civil aircraft. Their application demand in the main structure of civil aircraft leads the trend of research and development of aviation composite materials, and can improve aircraft fuel efficiency. Safety, economy, comfort and environmental protection make the research of composite materials and other new materials more and more important.
However, the anisotropy and brittleness of composite structures make them significantly different from conventional metal materials in load deformation, damage mechanism and failure mode. Xu Jifeng, Deputy designer of Beijing Civil Aircraft Technology Research Center of China Commercial Airlines, said that the anisotropic mechanical properties of the composite itself made the design and analysis difficult. Compared with traditional metal structures, the application of composite materials in aircraft poses new technical challenges and brings a series of key technologies to be broken through, such as connection analysis, stability, damage tolerance, crashworthiness, large openings, lightning protection, fire and fire resistance, anti-deicing, interlayer analysis, etc.
Therefore, he believes that the future aircraft design will adopt breakthrough fuselage and propulsion technology to reduce aerodynamic drag and save fuel; pay attention to improving quiet, environmental protection and comfort; fly at supersonic and supersonic speeds, the high temperature effect of the structure is obvious. This requires integrated structural design based on advanced materials, such as functional composites, which require lighter, more durable and more high temperature resistance. With the improvement of computer performance, comprehensive optimization of overall, aerodynamic, structural and material in the same framework will be achieved.
▲Ding Sansansan, Deputy Engineer of China National Railway Qingdao Sifang Locomotive and Rolling Stock Co., Ltd.
At present, high-speed rail is facing two major difficulties, one is to ensure safety, which is to solve the impact, improve fatigue and corrosion resistance. Second, to improve efficiency, the same car pulls more passengers and makes the car lighter, which requires a lightweight solution.
Ding Sansan, Deputy Engineer of China Railway Qingdao Sifang Locomotive and Rolling Stock Co., Ltd., pointed out that the future development of railway vehicles is to pursue high speed, high efficiency, green and intelligent, and to develop high-speed maglev with speed of 600 km/h, 400 km/h, upper and double-deck EMUs, all of which need lighter and stronger materials. In a word, the comprehensive solution with lightweight as the core is the foundation of future technology. We should focus on solving the contradiction with strength, stiffness, fatigue, corrosion, noise and fire protection, and seek balance-structure optimization, material optimization and integrated optimization. At the same time, efficiency should be mentioned to cope with the increasing prominence of traditional structures and materials. Bottleneck, materials need to be lightweight, impact reduction, load lifting, high weather resistance, high reliability, high availability, long life, less maintenance. This will provide a rare opportunity for the application and promotion of CFRP technology.
Based on this, he suggested that the industry authorities should strengthen the promotion and coordination of CFRP composite industry, promote the relevant enterprises and institutions in an orderly manner, improve their survival and development capabilities, actively strive for the national project of high-speed railway CFRP application technology, and strive for the early establishment of relevant standard research, vehicle development and demonstration projects. He believes that CFRP composite can solve many technical problems faced by high-speed trains with its advantages of lightweight, high strength, corrosion resistance and high temperature resistance. After long-term scientific exploration, it will overcome various technical and economic difficulties and be widely used.
Compared with traditional body materials, carbon fiber reinforced composites have excellent mechanical properties, flexible structure design and good corrosion resistance. They are widely used in automotive field, such as body, chassis, interior, exterior and power system. At present, the main application models of carbon fiber are BMW I3/I8, Mercedes-Benz SLK200 carbon fiber Limited edition, General Corvette, Ford GT2016, Audi Q6e-TRON and so on.
Xiong Fei, general manager of Suzhou Huate Carbon Fiber Co., Ltd., believes that the application of carbon fibre products in automobiles has six advantages: first, lightweight body, low carbon fibre density, 50% weight loss compared with low carbon steel, 30% weight loss compared with magnesium/aluminium alloy structure; second, high integration, free modeling, strong design, streamlined and curved surface. The cost is low, which can reduce the types of parts and the investment of tools; the third is to overturn the production process, replace stamping and welding with die pressing and bonding technology, and save the investment of production line and die and fixture; the fourth is the good reliability of automobiles, high fatigue strength of carbon fibers (up to 70% - 80% of the design load), which can greatly improve the reliability of automobiles; the fifth is automobiles. Good comfort and higher vibration damping can significantly improve the overall noise reduction effect and comfort of the vehicle. Sixth, the vehicle has high safety, the center of gravity of the vehicle decreases after weight reduction, and the operation stability is improved. The energy absorption capacity of the collision is 6-7 times that of steel and 3-4 times that of aluminium.
Based on this, he introduced in detail the selection of carbon fiber materials, product design and process technology, including material selection, process manufacturing, post-processing costs and so on. It is worth mentioning that structural optimization of carbon fiber materials and products can be carried out from four aspects: size optimization, shape optimization, topology optimization and morphology optimization.
▲Chen Pingsheng, Executive Chairman of International Automotive Lightweight Green Technology Alliance
Facing increasingly severe fuel consumption regulations, automobile companies around the world are taking active measures to promote energy saving and emission reduction of automobile products. Taking fuel-fired automobiles as an example, by lightening the weight of the whole vehicle, the fuel consumption can be reduced by 6%-8%, the emission can be reduced by 10%, the braking distance can be reduced by 5%, the acceleration time can be reduced by 8%, and the acceleration time can be reduced by 8%. The tire life is increased by 7%, the fatigue life is significantly improved, and the safety performance of the whole vehicle can be improved.
The global automobile lightweight market will reach 717.2 billion in 2018, and the global automobile lightweight market is expected to reach 124.16 billion by 2020. Over the next three years, China's automotive lightweight market will reach 500 billion yuan, of which 35 billion are new energy vehicles. Then, what is the way to realize the lightweight technology of new energy vehicles? Chen Pingsheng, executive director of the International Alliance of Automobile Lightweight and Green Science and Technology, believes that it is necessary to integrate safer, more energy-saving, more environmentally friendly and intelligent manufacturing modularization, through optimization of component structure design and CAE simulation analysis, high-strength lightweight materials and advanced manufacturing technology. The technology is applied quantitatively to realize the lightweight of mass-produced vehicles. In addition, he also introduced several application cases of advanced composites in new energy mass production vehicles, and pointed out that low-cost carbon fiber composites will be ushered in the field of automotive structural parts industrialization through the establishment of carbon fiber composites technology safety evaluation system, common technology platform and product line cooperative innovation development mechanism. Broad market development prospects.
What are the applications of carbon fibers in energy, manufacturing and other fields?
Blade is the key component of fan, which involves structure, pneumatics, technology and other fields. The length of the blade is proportional to the power of the fan. The longer the power is, the longer the blade is. As the existing materials can not meet the needs of high-power wind power generation devices, the performance of glass fiber composites has reached the limit. Therefore, it is imperative to use carbon fiber composites with better performance in the development of larger power wind power generation devices and longer rotor blades. When the blades exceed a certain size, carbon fiber blades are cheaper than glass fiber blades, because the material consumption, labor force, transportation and installation costs are reduced.
Based on this, Yan Bing, Technical Director of Jiangsu Aosheng Composite Materials Co., Ltd., made a detailed comparison of several carbon fiber wind power applications, including large gram weight prepreg, carbon fiber fabrics, reinforced carbon panels and so on. At the same time, several examples of carbon fiber wind power applications at home and abroad were listed. Considering the whole life cycle of wind turbines, carbon fibers will have a wider application prospects, he said. However, we still need to correctly look at the problems existing in the application of carbon fiber materials. Future research will focus on large tow carbon fiber, technological innovation, thermoplastic carbon fiber composite blades, carbon fiber composite recycling and so on.
Carbon fiber wound cylinders are mainly used in aerospace high-pressure cylinders, respirator cylinders, automotive cylinders, transportation cylinders, etc. They have already been commercialized applications, such as hydrogen storage cylinders for 2008 Olympic Games, hydrogen storage cylinders for 2010 Shanghai World Expo and the only domestic passenger of Shanghai Rongwei 950 70MPa in 2016. Vehicle applications, etc.
Jiang will introduce the key technologies and application advantages of 70MPa type III hydrogen storage cylinder and 70MPa type IV hydrogen storage cylinder, and analyze the status quo of composite cylinder health monitoring technology at home and abroad. In the aspect of safety evaluation and monitoring of working condition, micro-nano sensor is used to monitor the state of composite pressure vessel in self-tightening, water pressure, impact, blasting test and working process, and the stress-strain state of COPV liner and carbon fiber composite layer is expected to be obtained. In the aspect of life-cycle health monitoring, micro-nano sensor is used to monitor the stress-strain state of composite pressure vessel. The stress-strain state of the composite pressure vessel in its life cycle is expected to realize the health state determination of the composite pressure vessel.
▲Yu Muhuo, Deputy Director of State Key Laboratory of Fiber Material Modification, Donghua University
China's manufacturing industry has a huge potential market, which is expected to lead the development of lightweight composite industry. Yu Muhuo, deputy director of the State Key Laboratory of Fiber Material Modification, Donghua University, believes that the application of lightweight composite materials in manufacturing industry and the development of its key technologies have the following main trends: first, the global capacity of carbon fibers and aramid fibers is constantly expanding and the cost is constantly decreasing; second, the manufacturing technology of carbon fibers and aramid fibers is constantly improving and the cost is not high. Third, the performance of carbon fibers and aramid fibers has been continuously improved; fourth, the rapid development of composite material automation production technology; fifth, various industries have begun to try to use composite materials. In China, wind power, large passenger aircraft, high-speed rail vehicles (hydrogen cylinders, battery boxes, transmission axles, hub, leaf springs), construction, ocean, chemical and other industries have been in progress. Sixthly, for target parts and components, research and development of low-cost technology system for the whole industry chain will give great opportunities to leading enterprises in the market segmentation.
The key technology of large-scale application of composite materials in manufacturing industry is low cost. Focusing on the realization of low cost, he introduced in detail the R&D direction and achievements of his R&D team, including the research of integrated structure of CFRP chassis battery box, industrialized production and application of thermoplastic composite preprepreg, design of CFRP battery box structure (low cost + automatic mass production + lightweight), electricity. Research and development of special prepreg for tank (room temperature storage + rapid curing + flame retardant) and CFRP high-speed railway bogie, etc.
What is the future development trend of carbon fibers?
Song Dewu, chairman of Jilin Chemical Fiber Group, introduced in detail how to control the production process of carbon fiber precursor from the aspects of polymerization and raw liquor, spinning, oxidation, carbonization and sizing. In particular, he stressed that in the production process, high purity, densification, fine crystallization, homogenization and other aspects should be guaranteed to ensure the performance of the fiber. The reason is that high-quality precursor is the primary condition for the preparation of high-performance carbon fibers. Minimizing impurity defects can improve strength. Homogenization of precursor, preoxidized fibers and carbon fibers can basically uniform the radial distribution of fibers'structure and properties, without obvious skin-core structure, shorten preoxidation time, improve efficiency and reduce the formation of carbon fibers. Ben.
For the future development trend of carbon fibers, he believes that enterprises in the industrial chain division of labor will be more meticulous, large tows will become more prominent, fine denier, differentiation is the direction, precursor production is more and more attention. Based on this, he put forward the following suggestions for the future development of carbon fibers: first, to support continuous production and large-scale carbon fibers manufacturers, only industrialization and scale can promote quality progress and cost reduction; second, market-oriented and differentiated, highlighting their respective characteristics need to differentiate, to achieve efficient application and reduction. Fifthly, carbon fibre and composite materials are a complex science, depending on industry foundation and market development, to find and do the right thing for people. Sixthly, the operation of carbon fibre industry needs to pay attention to safety and environment. Protect.
▲Duan Xiaoping, President of China Chemical Fiber Industry Association
At the main forum in the afternoon, Duan Xiaoping, Vice President of China Textile Industry Federation and President of China Chemical Fiber Industry Association, made the keynote report. He analyzed the importance, necessity and urgency of sustainable development from the definition and connotation of sustainable development, the background of resources and environment faced by the industry, and the technical system supporting sustainable development. He also discussed several aspects related to sustainable development-innovation, intelligent manufacturing, plastic particles and solutions, materials science. Technology and green development, talent and R&D and on-site guests exchanged.
In addition, the conference issued the "Three-year Plan of Action for Green Fiber Certification (2020-2022)", and also held the award ceremony of "China Chemical Fiber Industry Association Hengyi Foundation" Excellent Papers and "China Chemical Fiber Industry Association Sanhuading Excellent Fund" Excellent Engineers and Excellent Technical Workers.
In the academic exchange link, the winners/representatives of the award of "Excellent Academic Papers of China Chemical Fiber Industry Association Hengyi Foundation" in 2019--Zhou Youwan, a professor of Southwest Jiaotong University, Wang Dong, a professor of Wuhan Textile University, and Hao Minerong, a professor of Donghua University, and Li Xianhua, a senior engineer of Baling Petrochemical Co., Ltd. made a special topic. Presentation.
Source of article content reprinted: Sinochem New Network
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Home M&A Mergers and acquisitions in India and its effect on the operating efficiency...
Mergers and acquisitions in India and its effect on the operating efficiency of an acquiring company
Rachit Garg
Image source: https://blog.ipleaders.in/how-to-draft-an-ma-contract-to-minimise-the-risk-of-dispute/
This article is written by Pranav Sethi, from SVKM NMIMS School of Law, Navi Mumbai. This article analyses Mergers and Acquisitions in India and its effect on the operating efficiency of acquiring a company.
The idea behind companies scaling up
Comparative Ratios
Price-Earnings ratio (P/E ratio)
Enterprise-Value-to-Sales ratio (EV/sales)
Discounted Cash Flow (DCF)
The premium for potential success
Mergers and Acquisitions in India's various sectors
Pharmaceutical sector
Sector of Telecommunications
Mergers come in a variety of forms
Conglomerate merger
Product-extension merger
Pure conglomerate merger
Market-extension merger
Horizontal merger
Vertical merger
Analysis & key points
Merger, amalgamation, and takeover – legal procedures
Benefits of Mergers and Acquisitions
India's top five Mergers and Acquisitions
Tata and Corus Steel
Vodafone Hutch-Essar
Walmart Acquisition of Flipkart
Vodafone Idea merger
Governmental agencies in India were the first to propose corporate restructuring through mergers and acquisitions. This analysis aims to examine mergers and acquisitions in Indian firms across a variety of industries, including banking, telecommunications, and pharmaceuticals, as well as the concerns and obstacles faced by different firms during the merger and acquisition process. Due to increased competition among domestic manufacturers in both the domestic and international markets, the majority of corporations in India have opted to join through M&A (Mergers and acquisitions) transactions.
The current practice of mergers and acquisitions has grown in importance in the modern corporate world around the country. For the restructuring of multiple trade organizations, merger and acquisition procedures are often considered. In today's marketplaces, most corporations' main goal is to produce worldwide consumer interference and benefit from it. Global consumer influence can be achieved by partnering with other existing or establishing enterprises both domestically and abroad. M&As as a foreign growth strategy has risen in popularity as a result of the increased implementation of deregulation, privatization, globalization, and liberalization (LPG) in most countries throughout the world. M&As have shown to be an all-encompassing means for expanding creation portfolios, entering new markets, gaining knowledge, expanding access to research and development, and gaining access to the assets that allow a firm to operate on a worldwide scale.
Merger refers to the combination of two or more business entities into a single business entity, with one company continuing to operate while the other ceases to do so. The assets, liabilities, and stocks of the defunct company or companies are acquired by the existing corporation. The buyer is usually an existing firm, whereas the seller is usually a startup firm. Mergers are typically done to increase a company's market share, lower operating costs, expand into new locations, connect commonplace items, increase revenues, and increase benefits—all of which can result in money for the company's shareholders.
Acquisition usually refers to a larger commercial entity acquiring a smaller company. The acquisition of all or a portion of a company's assets for the desired business is known as acquisition. The development of an acquired firm to assemble the power or weaknesses of the acquiring firm is known as company acquisition. A merger is similar to an acquisition, but it refers to the merging of the interests of two companies into one stronger entity. As a result, the industry will grow at a faster and more profitable rate than typical organic expansion would allow. An acquisition means the acquiring of one firm by another without the creation of a new company.
The general idea underlying M&A is that when two distinct organizations work together, they create greater value than if they worked alone. Companies continue to evaluate different options through mergers and acquisitions with the primary goal of maximizing wealth. The combining or merging of two companies always creates synergy benefits in this case.
Revenues (greater revenues), Expenses (lower expenses), or the cost of capital can all be used to determine the synergy value (lowering of the overall cost of capital).
Both sides of an M&A negotiation will have varying viewpoints about the valuation of an acquiring company: the seller wants to value the company as high as possible, while the buyer wants to secure the best deal possible. There are, however, a plethora of valid methods for determining a company's worth.
The most frequent way for valuing a company is to compare it to similar companies in the same industry, but dealmakers use a range of other approaches and tools when evaluating a target company.
The following are a few of them:
Comparative Ratios are a type of ratio that is used to compare two things. Two examples of the numerous comparable indicators on which purchasing corporations may base their offers are as follows:
An acquiring business offers to pay a multiple of the target business's earnings using this ratio. The acquirer can obtain a decent idea of what the target's P/E multiplier should be by examining the P/E for all the companies in the same industry group.
Acquisitions are rarely made based on the cost of replacing the company's management. Assume that a company's value is equal to the sum of all of its equipment and personnel costs just for simplicity. The acquiring corporation has the power to order the target to sell at that price, or it can build a competitor at the same price. Naturally, assembling strong management, acquiring property, and obtaining the necessary equipment takes time.
With this ratio, the purchasing business wants a deal based on multiple revenues, while also keeping in mind the industry's price-to-sales ratio.
This is a crucial valuation technique in mergers and acquisitions. A discounted cash flow analysis calculates a company's current value based on projected future cash flows.
Forecasted free cash flows (net income + depreciation/amortization capital expenditures change in working capital) are discounted to present value using the company's weighted average capital costs (WACC).
Almost often, acquiring businesses pays a significant premium above the stock market value of the business they buy. The argument for doing so almost usually boils down to the concept of combination: a merger rewards shareholders when the value of prospective synergy enhances a company's post-merger stock price. If rational owners would profit more from not purchasing, they would be exceedingly unlikely to sell. It means that, irrespective of what the pre-merger valuation says, bidders will have to pay extra if they want to buy the company.
Companies engage in mergers and acquisitions for a variety of strategic business reasons, the majority of which are economic in origin.
These include leveraging economy of scale in any, some, or all areas of research and innovation, production, and marketing (horizontal mergers); expanding distribution network or entering new markets to increase market share; diversifying the variety of products and services (diversification of business); gaining professional leadership by being purchased (by a smaller company); and diversifying the array of goods and services (diversification of business).
Other incentives can be considered, such as gaining distribution network pricing efficiency through the acquisition of a distribution channel (vertical merger) or even eliminating future competition. The activity of mergers and acquisitions has resulted in the internationalization of company activities. Mergers and acquisitions have become more popular as a quick and successful convergence technique, particularly in the cross-border scene. These are mostly driven by the volatile global economic environment, with emerging-market corporations scrambling to acquire cross-border assets at attractive rates, particularly following the 2008 Global Financial Crisis.
Many Indian businesses are exploring international partners, particularly in the West, to expand their market share and improve efficiencies. This transition is most noticeable in information technology, metals, pharmaceuticals, and life sciences, as well as the automobile and ancillary industries.
The primary reason for mergers and acquisitions is to maximize shareholder value, which is achieved by increasing the firm's market value as a result of the merger. This can be accomplished through boosting profits, which can be accomplished through cost efficiency of scale, economies of scope, and economies of vertical integration, as well as synergies through cost savings—research and development, rationalization, purchasing power, the creation of internal capital markets, and financial savings-tax and interest rates.
Mergers and acquisitions have recently proven to be a panacea for highly leveraged corporations. This phenomenon became more apparent after 2015 when the banking sector tightened its lending standards. Unlike in the past, when most M&A agreements were driven by growth, overleveraged corporations tried to decrease debt by selling assets.
In the case of mergers & acquisitions, India has recently demonstrated the biggest potential. In the Indian market, it is effectively cooperating in a variety of areas. Many Indian corporations have grown organically to gain entrance to new business firms, while many foreign corporations are targeting Indian firms for advancement and growth. It has spread far and wide across all commercial platforms.
Multiple mergers and acquisitions are taking place in the pharmaceutical industry around the world. Within a specific pharmaceutical genus, there is a dearth of competent research and development centers.
The enhanced shape items also have a significant role to play in the evolving M&A in the industry. In the Indian pharmaceutical sector, several companies have participated in mergers and acquisitions for example, merger of Ranbaxy and SunPharma, acquisition of Primal Healthcare by Abbott. Restructuring of the Indian Pharmaceutical Sector during M&A based on business-related deliberations and business goals is a must. It is also acknowledged on a global scale. M&A is the only way to get a competitive advantage both nationally and internationally, and as a result, a wide range of businesses are looking for planned acquisitions both domestically and internationally. The total number of companies acquiring numerous branches of other businesses has demonstrated that Indian pharmaceutical diligence is positioned to be a major player in this scenario.
In all parts of the globe, a large number of international and domestic banks are engaged in merger and acquisition activity. As a result, mergers and acquisitions have become commonplace in the majority of countries around the world. After M&A, the primary goal of the banking division is to receive recompense in economies of scale. M&A in the Indian banking sector has become a popular trend across the country. The primary motivation for M&A in the banking sector is to obtain repayment of financial scales. M&A is seen to be a relatively quick and efficient way to enter new markets and incorporate technological advances.
The goal of a company's policy is to improve and maintain its competitive advantage. With the help of M&A in the banking sector, banks can achieve significant growth in their businesses while also reducing their charge to a manageable level. Another key benefit of such M&A is that it reduces competitiveness by eliminating competitors from the banking industry.
The telecommunications industry is one of the most profitable and rapidly growing businesses in the world, and the number of mergers and acquisitions in this area has been steadily increasing. It is recognized as an essential part of the global utility and services sector. The telecommunications industry works with a variety of communication media, including mobile phones, landlines, and internet and broadband connections.
With more than 1.20 billion subscribers, India is the world's second-largest telecommunications market, and it has experienced rapid expansion in the last 15 years. The Indian mobile business is booming and will contribute significantly to the country's GDP. Telecom mergers and acquisitions are classified as horizontal mergers because the parties involved are in the same industry, namely the telecommunications business. The primary motivation for such mergers is to gain competitive advantages in the telecommunications industry. M&A activity in the telecommunications sector has been on the rise in recent years, and economists predict that this trend will continue.
There seem to be a plethora of various mergers, from the perspective of commercial companies. Mergers are categorized into the following categories from an economist's perspective, based on the relationship of the two business units:
Typically, a merger of companies that have no shared business sectors or relationships of any kind. Combined firms may sell similar commodities or share distribution and marketing networks, as well as manufacturing methods. The following types of mergers can be generally defined:
Companies offering separate but related items in the same marketplace or selling non-competing items and using the same marketing strategies of the manufacturing process are merged into conglomerates. Phillip Morris-Kraft, Pepsico-Pizza Hut, Proctor and Gamble, and Clorox are just a few examples.
When two companies merge, there is no visible tie between them. Hughes Electronics, for example, is a part of BankCorp of America.
Businesses that offer the same items in multiple regions/geographic areas join to form conglomerates. Morrison stores and Safeway, for example, as well as Time Warner-TCI.
It occurs when two enterprises in direct competition maintain the same product categories and markets, resulting in the merger of direct competitors. Exxon and Mobil, Ford and Volvo, Volkswagen and Rolls-Royce, and Lamborghini are just a few examples.
A client and company or a supplier and business, i.e. a merging of companies with an existing or perceived buyer-seller connection, such as Ford and Bendix or Time Warner and TBS.
According to a basic study, horizontal mergers remove sellers and hence modify the marketing strategy, i.e. they have a direct impact on seller concentration, whereas vertical and conglomerate mergers have no direct impact on market structures, such as seller concentration. They don't have any anticompetitive effects.
Every merger has its own set of conditions and reasoning, and these factors influence how the deal is handled, addressed, managed, and implemented. The success of a merger, on the other hand, is determined by how well the dealmakers can combine two organizations while keeping day-to-day operations running. Each transaction has its own set of flips, which are shaped by several external factors like the human capital element and command structure. Much relies on the company's management and capacity to retain important employees who are critical to the company's long-term success.
All parties must have a clear understanding of the motivation for such a purchase, i.e. there must be a consensus- ad- idiom. Earnings, proprietary information, and customer base are either marginal or fundamental to the acquiring firm, and the purpose will influence the overall risk of such a merger and acquisition. Before the start of any transaction, due diligence is usually performed to assess the risks involved, the number of assets and liabilities to be purchased, and so on.
The Indian Companies Act, 1956, is the foundation law for mergers, and it operates in collaboration with various statutory regulations.
Sections 391 to 396 of the Companies Act, 1956, which relate to the settlement and arrangement with creditors and shareholders of a company required for a merger, contain the fundamental rules on mergers, amalgamations, and reconstructions.
Section 391 grants the Tribunal the authority to sanction, subject to specific criteria, a compromise or arrangement between a firm and its creditors/members. The Tribunal has the authority under Section 392 to compel and/or monitor such adjustments or settlements with creditors and members.
When creditors and members of the affected company agree to such an agreement, Section 393 ensures that the information requested by them is available.
By making an adequate application to the Tribunal, Section 394 offers measures for aiding company reconstruction and amalgamation.
Section 395 gives the power and responsibility to acquire the shares of shareholders who disagree with the majority's scheme or contract.
Section 396 relates to the central government's ability to facilitate the merger of corporations in the national service.
Both the amalgamating company or firms and the merged firm should conform with the procedures outlined in Sections 391 to 394 and provide information of all procedures for the Tribunal's consideration. It is insufficient if one of the companies completes all of the essential requirements on its own.
Sections 394 and 394A of the Companies Act relating to the processes and practices to be undertaken to accomplish company amalgamations, as well as regulations related to the Tribunal's and the central government's authorities in this regard.
Following the filing of the application, the Tribunal will issue instructions setting the hearings dates and providing a copy of the application to the Registrar of Companies and the Regional Director of the Company Law Board following Section 394A, as well as the Official Liquidator for the report verifying that the corporation's activities have not been administered in a prejudicial-like manner that might affect the interest of the shareholders or the public. Before authorizing the plan of merger, the Tribunal must notify the national government of any request brought to it under Sections 391 to 394, and the Tribunal must consider the government's submissions, if any, before delivering any order granting or denying the scheme of merger. As a result, the central government is given a role in the topic of company mergers before the Tribunal approves or rejects the proposal.
The Company Law Board, through its Regional Directors, exercises the central government's duties and responsibilities in this area. The Tribunal would allow the petitioner firm an opportunity to respond to all concerns presented by shareholders, creditors, the government, and others when considering the petitions of the firms following the plan of amalgamation. As a result, the organization must remain prepared to deal with a variety of arguments and difficulties.
As a result of the Tribunal's order, the amalgamating firm's assets and liabilities are passed to the merged firm. The Tribunal is particularly entitled under Section 394 to make particular provisions in its decision certifying an amalgamation for the transfer to the merged company of the whole or any portion of the merged company's properties, liabilities, and so on. Only in those situations where the Tribunal specifically instructs so in its order would the workers of the amalgamating firm's rights and responsibilities be moved to the merged firm.
By the Tribunal's order authorizing a plan of amalgamation, the assets and liabilities of the transferor company are directly routed to the merged company. The Tribunal also sets guidelines for payments to the covered entity companies' shareholders, the continuance by or against the issuing corporation of any court proceedings ongoing by or against any share capital, the dissolution (without winding up) of any transferor company, and any other incidents. The corporation to which the decision relates must produce the decision of the Tribunal providing sanction to the scheme of amalgamation (i.e., the merging and amalgamated companies) to the Registrar of Companies within 30 days for certification.
M&A are two permanent forms of corporate combinations used to manage, control, or administrate a company's operations. While purchasing the company, shareholders benefit from the M&A since the premiums offered to promote approval of the M&A because it provides a much higher fee than the rate of shares. Typically, companies engage in M&A to combine their market influence and control.
Synergy is created by combining two businesses that are sufficiently influential to boost trade recital, financial growth, and overall shareholder value over time.
Competitive Advantage- The new company's merged assets aid in obtaining and sustaining a competitive advantage in the market.
"Cost Efficiency- The merger increases the company's spending power, which aids in bulk order negotiations, resulting in cost efficiency."
Improved product range and industrial exposure – Businesses acquire other businesses to expand their market reach and profit.
A merger may increase the marketing and distribution capabilities of two organizations, opening up new sales prospects.
A merger can also help a company's reputation with investors: larger companies frequently have a better time obtaining funding than smaller companies.
Economic remuneration may encourage mergers and companies to fully utilize tax shields, improve financial control, and take advantage of alternative tax benefits.
Geographical or other capital investment: this is aimed to smooth a firm's earnings outcomes, which in turn smooths the stock price over time, providing conservative investors more confidence in the company. However, this does not necessarily result in shareholder value.
Resource transfer: Because resources are allocated differently across organizations, the interplay of target and purchasing company resources can generate value by resolving knowledge asymmetry or merging limited resources. For example, layoffs, tax cuts, and so on.
The acquisition of Corus Steel by Tata in 2006 was estimated at more than $10 billion. Tata's opening offer was £4.55 per share, but after a bidding battle with CSN, Tata increased its offer to £6.08 per share. Following the merger, Corus Steel was renamed Corus Steel, and the corporation became the fifth-largest steel producer in the world.
Vodafone, the world's largest mobile provider by revenues, paid $11.1 billion for a 67 percent interest in Hutch Essar. Vodafone later spent $5.46 billion to purchase out Essar's balance interest in the company in 2011. The purchase of Essar by Vodafone signalled the company's foray into India and, ultimately, the formation of Vi. Unfortunately, the Vodafone group was soon entangled in a tax dispute with the Indian Income Tax Department over the purchase.
The largest merger, worth $38.3 billion, was also the most turbulent. Mittal Steel made an initial bid for Arcelor of $23 billion in 2006, which was eventually boosted to $38.3 billion. The executives disapproved of the arrangement since it was affected by the nationalistic economics of numerous nations. The French, Spanish, and Luxembourg governments were among them. The French, American, and British media all slammed the ferocious French opposition. After which, Commerce Minister Kamal Nath even claimed that any effort by France to scuttle the agreement will result in a trade war between the two countries.
Walmart's purchase of Flipkart signified the company's entrance into the Indian market. Walmart defeated Amazon in a bidding war and paid $16 billion for a 77 percent interest in Flipkart. Following the agreement, eBay and Softbank divested their Flipkart stakes. Flipkart's logistics and supply chain network was expanded as a consequence of the transaction. Flipkart had already bought other eCommerce startups, including Myntra, Jabong, PhonePe, and eBay.
According to Reuters, the Vodafone Idea merger is worth $23 billion. Even though the acquisition created a telecom conglomerate, it is safe to claim that the two businesses were driven to do so by Reliance Jio's arrival and the ensuing price war. In the face of increasing competition in the telecom business, both companies struggled. The deal benefited both Idea and Vodafone, since Vodafone now owns 45.1 percent of the combined firm, with the Aditya Birla group owning 26 percent and Idea owning the rest. On September 7th, Vodafone Idea launched its new corporate identity, 'Vi,' marking the conclusion of the two businesses' unification.
This article demonstrates why organizations choose mergers and acquisitions and what incentives they receive as a result of the process. This can also be turned into a stock and flow model that can be simulated with the right inputs. The purpose of the study was to see if the type of purchase, i.e. domestic or cross-border, had a different impact on the acquiring firms ' performance. The results and analysis of the acquiring business' main financial indicators reveal that the impact of mergers differed for domestic and cross-border acquisitions. The sort of purchase appears to have a significant impact on the business' performance, and it does make a difference. The financial accounts, such as the company's profit and loss analyses, are deemed to be the most important factors in determining the benefits of mergers and acquisitions. The success of M&A is determined by elements like the company's profit and loss, market share, shareholder interest, and corporate growth. The success rate can be easily determined by looking at the company's market worth.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.researchgate.net/publication/332581129_A_Study_on_Mergers_and_Acquisition_in_India_and_Its_Impact_on_Operating_Efficiency_of_Indian_Acquiring_Company&ved=2ahUKEwji1aDqhsnwAhWmxDgGHQcSC3wQFjADegQIDxAC&usg=AOvVaw0dd7uqmgqEvY-eqq5t-nQb&cshid=1620991335810
https://www.google.com/url?sa=t&source=web&rct=j&url=https://acadpubl.eu/hub/2018-118-21/articles/21e/84.pdf&ved=2ahUKEwji1aDqhsnwAhWmxDgGHQcSC3wQFjAEegQIExAC&usg=AOvVaw3vdauHrtigHWCiym4UQHsG&cshid=1620991335810
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.dissertationserviceuk.com/pdf-files/Sample%2520MBA%2520Dissertation%2520for%2520UK.pdf&ved=2ahUKEwji1aDqhsnwAhWmxDgGHQcSC3wQFjAFegQIEhAC&usg=AOvVaw2LAhDhOwP6NUc8pA1x-upU&cshid=1620991335810
https://tradebrains.in/biggest-mergers-acquisition-india/
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.nishithdesai.com/fileadmin/user_upload/pdfs/Research%2520Papers/Mergers___Acquisitions_in_India.pdf&ved=2ahUKEwjgzMjmiMnwAhW_xDgGHUJtD2sQFjAMegQIFRAC&usg=AOvVaw30fpV7kGi8CmGp0jpZYTUK&cshid=1620991841527
http://www.legalserviceindia.com/articles/amer.htm
https://taxguru.in/company-law/merger-acquisition-india-issues-challenges.html
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India's top five Mergers and Acquisitions
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The Herbivore: Post Traumatic Stress Disorder, It's Symptoms, & The Use of Cannabis As A Treatment
alzheimers, azmmj, brain, cannabis, CBD, health, theherbivore
Post-Traumatic Stress Disorder, Its Symptoms, and the Use of Cannabis as a Treatment
By Zachariah Finning
PTSD is a serious and often common mental disorder that arises in survivors of traumatic events. It is seen in veterans of war, rape victims, even extreme car accidents that can cause PTSD symptoms to arise in individuals. It has been acknowledged in the field of psychology for some time and has remained to be treated primarily by means of pharmaceuticals. Since the boom of the Medicinal Marijuana industry, there has been a high demand for the plant as treatment. In this blog, we will discuss what PTSD actually is along with its multiple symptoms. We'll also quickly touch upon the common forms of treatment and their adverse side effects. Lastly, we will take a look at parts of a case study that examines cannabis as an approach to treating the illness.
According to the American Psychiatric Association, PTSD – which stands for post-traumatic stress disorder – is a "psychiatric disorder that may occur in people who have experienced or witnessed a traumatic event such as a natural disaster, a serious accident, a terrorist attack, war or combat, a rape, and those who have been threatened with death, sexual violence or serious injury" (S1). The condition has most likely been around since the beginning of human history. The origins of what is now called PTSD can be traced back as far as Ancient Greece. The first indications of "combat stress" can be found in the historical literature of Lucretius and Hippocrates (S2). Evidence of "battle trauma" and "flashback-like dreams" are mentioned in the poem De Rerum Natura, and this was written around 50 BC (S2). The status quo of explaining and treating these afflictions were mostly primitive, cruel, and stagnant until the early 1900s. The First World War along with The Second unveiled an awareness of the traumatic effects of war that had not been previously acknowledged. 1915 saw the term "shell shock" introduced to the medical literature of the day (S2). This condition described the exact same symptoms as PTSD and would go on to become the predecessor of the official diagnosis of today (S2). In 1980 PTSD was officially adopted into the DSM-III, or Diagnostic Manuel of Mental Disorders, which is the definitive text used by psychologists for diagnosing patients.
PTSD does not only affect combat veterans; the affliction can manifest in people of any nationality, ethnicity, culture, and age. Figures gathered by the American Psychiatric Association show PTSD affects 3.5 percent of U.S adults yearly (S1). It is also estimated that 1 in 11 people will develop the condition at some point within their lifetime (S1). Statistics show that women are twice as likely as men to have PTSD and three ethnic groups – US Latinos, African Americans, and Native Americans – are disproportionately affected with higher rates of the affliction (S1). As mentioned previously a diagnosis does require exposure to an extremely traumatic event, but that exposure could be indirect rather than first hand. For example, symptoms could arise in individuals such as police officers, EMTs, social workers, social media moderators, etc. These are individuals who may be repeatedly exposed to details, images, and scenes of a traumatic event due to their professions. Symptoms may even arise in an individual learning the details of a family member's untimely and violent death – a parent learning of the passing of a child for instance (S1). PTSD has no discretion in who or why it manifests itself. Once it does the symptoms and their effects can be debilitating.
The main symptoms of PTSD fall into four generalized categories; however, an individual's specific symptoms can vary drastically. The main symptoms attributed to PTSD would be an intrusion, avoidance, alteration in cognition and mood, and lastly alteration in arousal and reactivity. The intrusion has to do with thoughts including repeated involuntary memories, discomforting dreams, or vivid lucid-dream like flashbacks of the exact event (S1). Avoidance references the diagnosed individual "actively avoiding places, activities, people, and even objects that may trigger distressing memories" or the intrusive thoughts to occur. Resisting talking about what happened to them or how they feel about the event is another classic component of avoidance (S1). Alteration in cognition and mood is where the symptoms seem to get more complex. It encompasses an "inability to recall important information about the traumatic event along with negative thoughts or feelings directly leading to inaccurate beliefs" about oneself, others, and the cause and effect of their trauma. This will usually end up leading to "ongoing fear, horror, shame, guilt, detachment from others, and loss of positive emotions" (S1). The last symptom, alteration in arousal and reactivity, weighs heavily on the afflicted. This symptom may include "being easily irritable" and in a state of constant anxiety, "having angry outbursts", an increase in dangerous or otherwise self-destructive behavior, "increased suspicions of one's surroundings, and the problem with concentration or sleep" (S1). These four different generalized symptoms, which include multiple sub-symptoms of their own, are only the tip of the iceberg that is the actual consequence of long-term PTSD on an individual. It is not hard to see why a human mind plagued with PTSD can become easily overwhelmed, incoherent, or broken down.
Original Treatments for PTSD, "shell shock" at the time, ranged anywhere from psychoanalysis and isolation to electric shock therapy (S2). It wasn't until the 1950's that treatments started to become more humane in their approach. This was "ushered in by the advent of group therapy and, at the time, newly created psychotropic pharmaceutical medications" (S2). Therapy and pharmaceuticals have remained the primary treatments for PTSD since the '90s. Alongside therapy, the common pharmaceuticals used to combat PTSD include antidepressants, anti-anxiety medications, mood stabilizers, and alpha-1 Blockers (S3). Antidepressants are the most common medication used for the treatment of depression and anxiety related to PTSD. They work by raising the levels of serotonin in the brain. This chemical regulates mood, sleep, appetite, and helps to improve the communication between nerve cells. Usually resulting in improvement to the overall mood and decreased anxiety (S3). Some of the side effects of these specific medications can include "nausea, constipation or diarrhea, sexual dysfunction, and insomnia" (S3). Mood stabilizers along with anti-anxiety medications may be prescribed to those individuals who do not respond beneficially to antidepressants (S3). Mood stabilizers work by balancing out chemicals in the brain that are related to the regulation of emotions. They typically help to quell the anger, agitation, or general irritability that comes with PTSD. "Vomiting and drowsiness" are common side effects of mood stabilizers. Anti-Anxiety medications work on a short-term basis by calming the communications along with the central nervous system. In other words, they stop the nerve cells from communicating. The side effects of anti-anxiety medications range from "fatigue and dizziness" to feelings of extreme sedation (S3). Lastly, alpha-1 blockers are mostly administered to those who are experiencing extreme cases of night terrors or insomnia. They work by decreasing the brain's fear and startle responses reducing the occurrence of night terrors and insomnia (S3). Side effects may include low blood pressure and even fainting (S3). With all the side effects of these medications, it is sometimes more harmful than rewarding to an individual struggling with PTSD to continue taking them. It is due to these adverse side effects that many PTSD survivors look towards cannabis and other holistic approaches as viable options for of treatment.
Cannabis as a treatment for PTSD is still in its infancy. Demand for the plant as treatment has been increasing ever since the Medicinal Marijuana boom in the U.S. Surely more scientific testing and studies are needed on this, but there are some promising outlooks related to the treatment of PTSD with cannabis. In a joint study by Alfonso Abizaid, Zul Merali, and Hymie Anisman, all PhDs in their field, there was some pivotal information indicating that cannabis may be a viable option for some of PTSD's conditions. In their study, it states that "low endocannabinoid tone [the overall state of one's endocannabinoid system] contributes to the hyper-activation as well as the anxiety and hyperarousal symptoms characteristic of PTSD" (S4). They go on to state that "hyperarousal anxiety may be fundamental in promoting many of the most debilitating aspects of PTSD" including but not limited to "sleep disturbances, memory, and cognitive impairments, depression and anxiety, and emotional numbing" (S4). In other words, our endocannabinoid system, and how trauma affects it, plays a direct role in the manifestation of PTSD. They go on to state that there are "indications that cannabis or some of its components, primarily THC and CBD, diminish particular symptoms of PTSD" (S4). In a small study, it was shown that "5mg [of THC] twice a day as an add-on treatment enhanced sleep quality and reduced the frequency of nightmares, PTSD hyperarousal, and global symptom severity" (S4). In layman's terms, THC proved to help quell some of the overall symptoms of PTSD. The study goes on to talk about how the anti-inflammatory component of Cannabis may benefit some PTSD patients. The study states "cannabis also mitigates the propensity for inflammation and may be useful in psychological conditions that involve elevated inflammatory processes within the brain." They continue to conclude that "cannabinoids could potentially act against PTSD by activation of cannabinoid receptor CB2 which promotes anti-inflammatory actions through microglia" or cells that are located throughout the brain and spinal cord (S4&S5). The study does go on to state that although promising "much still needs to be assessed concerning the efficacy and safety of cannabis in treating PTSD" (S4). Individual endocannabinoid systems and different dosing for certain conditions are clear hurdles that would need to be taken into consideration. Never the less it seems there is some scientific evidence to promote Cannabis as a treatment for PTSD.
Social stigmas surrounding mental health used to keep those suffering from seeking not only medicinal but psychological and holistic treatments as well. Luckily in today's evolving world mental health is not as taboo to speak about or let into the open. As we evolve in how we perceive these afflictions we must also advance how we look to treat them. For decades the treatments for PTSD have remained mostly pharmaceutical. Although there is some relief found in these treatments those who continue this path are often met with lasting side effects that are not only unpleasant but create problems of their own. Looking towards cannabis as treatment provides not only hope for those burdened but also some new scientific understandings of how PTSD comes to manifest itself.
https://www.psychiatry.org/patients-families/ptsd/what-is-ptsd
https://blackbearrehab.com/mental-health/ptsd/history-of-ptsd
https://nyulangone.org/conditions/post-traumatic-stress-disorder-in-adults/treatments/medication-for-post-traumatic-stress-disorder
https://www.google.com/search?client=firefox-b-1-d&sxsrf=ALeKk032o87MHTk-uUWBh1lWKV2TSjBW8Q%3A1599594217768&ei=6d5XX_yqLpzO0PEPxtq2CA&q=microglia&oq=microglia&gs_lcp=CgZwc3ktYWIQAzIICAAQsQMQkQIyBQgAELEDMgUIABCxAzICCAAyAggAMgIIADICCAAyAggAMgIIADICCAA6BAgAEEc6BQgAEJECOggIABCxAxCDAToHCCMQ6gIQJzoECCMQJzoHCAAQsQMQQzoECAAQQzoHCAAQFBCHAlDV9dMBWL-J1AFg4IrUAWgCcAF4AIABigGIAeUHkgEDMi43mAEAoAEBqgEHZ3dzLXdperABCsABAQ&sclient=psy-ab&ved=0ahUKEwi8w4npqNrrAhUcJzQIHUatDQEQ4dUDCAw&uact=


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"Mysticism will always be with us," declared Edvard Munch whose large canvas The Sun (1910-1913) dominates an entire wall in an exhibit currently on show at the Art Gallery of Ontario. It was created to inspire students in the wake of his nervous breakdown.
The title of the exhibit is Mystical Landscapes which immediately prompts the question as to what mysticism is. For this I turn to remarks by the English metaphysician Thomas Whittaker, who wrote this in 1934 about the great philosopher Spinoza.
"It has been disputed whether Spinoza himself was a mystic. If the state of the mystic is a peculiar experience attained by shutting off all grades of articulate knowledge, he was not a mystic; for the highest grade of insight includes a kind of knowledge." Anyone who approaches this exhibit with what Whittaker called "definite thought" will derive the 'kind of knowledge' intended by the AGO curator of the exhibit, Katherine Lochnan.
While many will argue at the degree of mysticism inherent in any particular canvas, each one deserves a careful look. That is not always easy as relatively small paintings in subdued colours are sometimes juxtaposed with larger ones that are bursting with colour.
A case in point comes at the very beginning on the show, which comprises several large rooms showcasing 37 artists, often with two or more paintings from each. Try to block out Farewell to Gauguin by Paul Serusier from 1906, that sits just below Breton Landscape by the obscure Danish artist Mogens Ballin (1871-1941). It consists of various shades of dark green, very dark blue and black, with a startling golden yellow sky. All evocative of a mystical landscape.
Trees figure prominently in the exhibit. A message on the wall in the first room tells us that "trees are painted in symbolic colours" without explaining what that means. It can mean different things at different times, with blue for serenity and yellow for intelligence being two that seem to be widely employed. Look at Woman Asleep in the Enchanted Forest by Maurice Denis in 1892. It is very Arthurian, with a white horse and figure of a man in the background. Denis was attracted to ancient Celtic Christian traditions of Brittany, and the viewer has a unique opportunity of seeing this as six canvases in both private and public collections are here.
Poplars by MonetPoplars by MonetMore trees are evident in Poplars by Monet, and Blue Trees by Gauguin. They should have been hung side by side. Both feature tall narrow trees with curves in their trunks, not too far above ground level. The ones by Monet are yellow and brilliantly lit. A critic at the time (1891) saw them as "a modern temple of the sun." The Gauguin canvas is from a gallery in Copenhagen, the Monet is on loan from Philadelphia.
A show stopper is a selection of four paintings by the gay artist Eugene Jannson. His use of curvilinear clouds in his Stockholm landscape paintings of 1898 and 1899 is quite hypnotic. The paintings are large blue canvasses with whorls of bright, white light cast by gaslights. Commentary with the exhibit says they represent a "mythical quest for a truth beyond experiences." A third canvas, Hornsgatan, also features gaslights, but this time in rows. The fourth is, in my opinion, the best. It is Evening Mood Lidingo of 1900, on loan from Cleveland.
Done largely in green and brown with a resplendant reddish sky glow that again allows him to express the curvilinear shpae of clouds. The canvas is dominated by billowing trees that resemble a dust storm. Venus is in the sky at left.
Some paintings on show generate a visceral reaction. I heard one young woman say to her friend, "it's too dark, let's go back to the Monets!" She was looking at the deeply disturbing The Pool of Blood by de Nuncques.
The 1958 painting Jotunheim by Jens Willumsen, on loan from a Danish museum, sports the most extraordinary frame I have seen. It looks to be inspired by Gauguin, with figures of people and foliage. Mountains surmounting it continue upwards the peaks in the wooden canvas.
I found Cosmos by Marsden Hartley to be a weak entry in the collection, just a mountain covered in bright foliage with 4 white clouds above. A far better choice is in the AGO collection: an untitled mountain landscape by Lauren Harris that shows rays of light and knowledge descending onto a fabulous peak.
But the exhibit does end on a high note with Crystal Castle at Sea by Wenzel Hablik, on loan from Prague. Done at the beginning of World War I in 1914, it conveys his vision of a post-war utopia through the prism of a crystal castle.
A great and thought-provoking exhibit! Go see it before it ends Jan. 29, 2017.


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Mission Impossible: Rogue Nation (2015)
On August 9, 2015 By ghostof82In Movies
Say what you like about Tom Cruise, he knows how to fashion an audience-friendly blockbuster. Rogue Nation is a great summer movie, delivering everything anybody could possibly want from a Mission Impossible film. Even more remarkably, for a series nearly twenty years old now and into its fifth outing, it all somehow still seems fresh and exciting with some remarkable action sequences and a welcome return to spycraft and espionage. No small part of this is the presence of rising star Rebecca Ferguson as British Intelligence agent Ilsa Faust. Ferguson damn near steals the film from Cruise with a warm and affecting performance with a surprising physicality (I've seen her on tv before and this performance is a big surprise). No doubt many viewers will marvel at her performance and wonder where this new female action star has come from (it's been a great summer for female action roles, with this, Charlize Theron's Furiosa and Scarlett Johansson's Black Widow). Cruise has hinted at launching a sixth Mission Impossible film as early as next year and I hope thats an indication that it will be a follow-up to this one with Ferguson returning.
A follow-up would also be a welcome opportunity to bring back the Syndicate and its leader Solomon Lane (the name a riff on REH's Solomon Kane, perhaps, or am I looking too far?) cooly played with real menace by Sean Harris. If Rogue Nation has any possible fault its the nagging feeling of anti-climax that hangs over a final confrontation that dispenses with the high-flying stunts and explosions, but that would be ably solved by it only being, in hindsight, a prelude to the next film. Who knows, as it is the finale might be considered a pleasant change from the usual OTT blockbuster theatrics, but I was left with a feeling there is more to be seen of Solomon Lane, in just the same way as the last few James Bond movies have had a more serial feel than the more individual Bond films of old.
So a great summer movie then, and one that has demonstrated the viability of its franchise just as much as Fury Road revitalised the Mad Max series (Fury Road is still my favourite film of the summer though). I'm not a great fan of endless sequels but I have to say, looking at the Mission Impossible series as a whole, its a pretty damn fine series of movies that delivers what its audience expects. Certainly it has been far more consistent than the Die Hard series. Tom Cruise seems to know what he's doing with these Mission Impossible films, and I'm quite excited to see what he comes up with next.
Oh, and while I'm in gushing mode, the score by Joe Kraemer is fantastic action stuff too and no small part of the film's success. Great film; roll on the blu-ray- that release may be the ideal time to get a Mission Impossible boxset to while away the Winter Blues.
Charlize TheronFury RoadIlsa FaustMad MaxMission ImpossibleRebecca FergusonRogue NationScarlett JohanssonSean HarrisSolomon KaneSolomon LaneTom Cruise
Mutley
Poledouris' Triumphant Barbarian
One thought on "Mission Impossible: Rogue Nation (2015)"
badblokebob
As I may've said in my Ghost Protocol review, I feel like every time a Mission: Impossible movie comes out everyone goes, "oh yeah, those! Actually, they're all quite good, aren't they? (Apart from the second one.)" Seems like Rogue Nation is no exception, so I look forward to getting round to it eventually(!)


Raging Bibliomania: Winner of Raven Stole the Moon!
Winner of Raven Stole the Moon!
Lisa from Books on the Brain!
Congratulations, Lisa! If you entered this giveaway and were not a winner this time around, don't fret! I will be hosting a few other fantastic giveaways in the near future!


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← Andersons Bring GERSHWIN Celebration to Symphony Space
DAZZLING GUITAR WORK AND FLAMENCO DANCING CAPTIVATE PARAMOUNT CROWD AT BENISE CONCERT →
HENRY MANCINI Caricature: Courtesy of the Al Hirschfeld Foundation
[Click any photo to enlarge.]
A VERY WONDERFUL SEASON…
…of very wonderful American Jazz music, has recently gotten under way from New York's renowned jazz virtuosos, Peter & Will Anderson. I had the pleasure of attending last month's opening event at the Leonard Nimoy Thalia Theater in the Symphony Space complex on Broadway (WWW.SYMPHONYSPACE.ORG). It was a wonderful celebration of the life and music of legendary composer, Henry Mancini, and it followed the pattern of the handsome lads' many previous concerts honoring the American Songbook, along with the likes of George Gershwin, the Dorsey Brothers, Louis Armstrong, Count Basie and countless others. Attending these events is always like auditing some exclusive graduate course at the Julliard School, from which, by the way, both talented gents are graduates. Their presentations are at once musical, visual, and highly educational, as they include historical narration, video clips, and "inside" stories that are often amusing as well as enlightening. (For details of my many related reports readers are invited to visit thepeoplescritic.com/?s=%22Anderson+twins%22).
The Mancini program was a joyous late-summer event, highlighting much of the composer's vast body of work. Joining the Andersons to enhance this musical journey were talented NYC drummer, Alex Raderman, and gifted trumpeter, Brandon Lee (another product of the Julliard School, where he was one of the youngest faculty members to ever teach there.
They were joined by bass player and frequent musical sidekick of the twins, Vince Giordano, the famed leader of his own renowned big band, The Nighthawks. Rounding out this group of gifted musicians was the brilliant jazz pianist, Dalton Ridenhour, who has, himself, been frequently featured with Giordano's Nighthawks. But make no mistake, it was the Anderson Twins, (with their dazzling talents on a variety of instruments in the woodwind and brass families) who were the engineers behind this important program celebrating one of Americas finest and most beloved composers.
MANCINI Film Scores
The show got off to a wonderful start with a terrific series of selections from Mancini's musical scores for such films as "The Days of Wine & Roses."
Playing the Theme from 1960's "Mr. Lucky," the Saxophonic twins combined forces with Mr. Lee's fine trumpet, the breezy and crisp piano from Ridenhour, the jazzy drum work of Raderman, and the gently pulsing bass from Giordano, playing his imposing and eye-catching silver Lamé instrument.
The musicians then moved on to the Latin-flavored and spooky drum rhythms of the intoxicating Main Theme from 1958's "Touch of Evil." The musical delights were often punctuated with anecdotes or interesting video interview moments from the great composer. Fondly reflecting that, "When you're young you soak up everything," Mancini spoke of his early work with the Big Bands of the radio era, and his three years of military service as Musical Director of the Air Force Band. He shared how he composed the classic theme for the movie, "Charade," in just 13 minutes! We learned how Mancini had scored 100 films in just six years, and 30 of the films were in collaboration with Blake Edwards. Of course, the latter group included the fun-filled "Pink Panther" series, which even led to scoring the spinoff TV cartoons. But perhaps Mancini's television credits are best remembered by his music for the long-running Peter Gunn series, represented here by an elegant, soft and embracing performance of the restful song, "Dreamsville." Before the group beautifully delivered the exciting thrills of the "Peter Gunn Theme," (which spent years topping the Billboard music charts), the Andersons digressed just long enough to share their youthful adventure as sixth grade musicians, when they had years ago paired to performed that very number themselves.
"The artists went on to perform the Theme from 1967's "Two for the Road," with a seductive opening from trumpet and saxophone, leading on to delicate piano elements that ended in a gentle whisper. From Mancini's unusual score for the movie, "Hatari!" there were infectious jazz and African elements in the hypnotic rhythms of the playful, Baby Elephant Walk.
The Oscar
But with all of that, it's a good bet that most fans asked to name a Mancini hit, would very possibly suggest his Academy Award-winning, "Moon River," sung so beautifully by Audrey Hepburn in the 1961 film, "Breakfast at Tiffany's. But the Andersons cautioned that thereby hangs an interesting tale. It seems the producers of that movie determined they intended drop the number from the film. Threatening to "walk," Miss Hepburn sternly announced, "Over My Dead Body!" Happily, she prevailed. She even sent Mancini a sweet note that read: "Dear Hank— You are the hippest of cats, and the most sensitive of composers." For his part, Mancini is on record having said of Miss Hepburn, "No one else has ever understood the song so completely." He has also remarked, "I'd like to be remembered as a romantic guy." That song alone, should be enough to ensure the fulfillment of his wish.
FANS OF THE ANDERSONS, (WWW.PETERANDWILLANDERSON.COM), and the classic American jazz they embody, will have several opportunities to enjoy their music at these remaining upcoming celebrations:
BENNY GOODMAN – September 20th & 27th and IRVING BERLIN October 10th. All shows will be performed @ BIRDLAND THEATER at 5:30 PM. For tickets and information visit WWW.BIRDLANDJAZZ.COM or call (212) 581-3080, A N D, then in the New Year…
DUKE ELLINGTON – January 8th @ THE BLUE NOTE 12:30 & 2:30PM. For tickets and information visit WWW.BLUENOTEJAZZ.COM, or call (212) 475-8592.
The columns of David Dow Bentley III have appeared on Broadway websites, in newspapers from the East Coast to the Gulf Coast, and may be viewed online at the website: www.ThePeoplesCritic.com
E-mail may be directed to ThePeoplesCritic3@gmail.com
About The People's Critic
David Dow Bentley III, writes columns about the performing arts which are featured in newspapers from the East Coast to the Gulf Coast. A member of the American Theatre Critics Association (ATCA), The International Theatre Critics Association, and America's oldest theatrical club, The Lambs, he also had long service as the editor of The Lambs' Script magazine. Mr. Bentley may be contacted via e-mail at ThePeoplesCritic3@gmail.com.
View all posts by The People's Critic →
This entry was posted in Broadway, BroadwayStars.com, Concert Reviews, ThePeoplesCritic.com, Uncategorized and tagged Academy Award, Alex Raderman, American Songbook, Anderson Twins, Audrey Hepburn, Benny Goodman, Blake Edwards, Brandon Lee, Breakfast at Tiffany's, Count Basie, Dalton Ridenhour, George Gershwin, Hatari!, Henry Mancini, Irving Berlin, Julliard School, Leonard Nimoy Thalia Theater, Louis Armstrong, Moon River, Peter Gunn, Pink Panther, Symphony Space, The Nighthawks, Vince Giordano. Bookmark the permalink.
« Apr Oct »


I'm too weak I disappoint you every time I am tempted to get irritated every time anew and it breaks me I try not to disappoint you and hope that from now on I will succeed! I'll try everything I open a new page and the old page with all the sins I throw I'm sorry! Give me another try please!


I bought the can without any specific plan in mind, but I knew it would come in handy. I vaguely remembered avoiding some recipes because I didn't know how to duplicate sweetened condensed milk. So one day when my husband was driving home after a long day, I remembered this can and the simple fudge recipe I used in junior high, and I was able to make a quick treat for us. It is simple and delicious and the texture turned out well- no candy thermometer required!
Melt chocolate chips and sweetened condensed milk in a saucepan over low heat, stirring constantly. Once the chips are mostly melted, add the butter, salt, and vanilla. When the mixture is smooth, remove from heat and stir in the chopped walnuts.
Pour into a wax or parchment paper lined 8×8 pan and allow to cool. Once it is close to room temperature, you may put it in the fridge to chill. Once it is chilled, cover and let set for 2 hours or until you are able to cut it with a knife. Keep refrigerated until ready to serve. My dairy free and dairy loving friends and family gobbled this up.
Author glutenfreeveganishPosted on January 31, 2016 January 22, 2016 Categories Chocolate, DessertTags "easy vegan fudge", "sweetened condensed coconut milk", "vegan fudge", naturally gluten freeLeave a comment on Easy Fudge- Dairy Free!
Chocolate Mint Pudding- It's Dairy Free!
Have you ever tried to make a package of pudding with non-dairy milk? The last time I tried it, it was a complete failure. Dairy milk has magical qualities that occasionally can't be replaced. So, I decided to try my hand at dairy free pudding but I took a different approach. Basically this is the filling to the chocolate cream pie I have posted here:https://oldfavoritesmadeglutenfree.com/2015/12/19/baked-chicken/. The only difference is I used a less creamy can of coconut milk and I was out of baking chocolate so I used Enjoy Life Chocolate Chips.
In a mug or glass measuring cup, heat the 1 1/4 c. coconut milk. Put the mint leaves into a bag or a steeping spoon and allow to steep in the milk for 5-7 minutes. When it smells like mint, remove the mint.
In a sauce pan, combine cornstarch, sugar, cocoa powder, and salt. Stir in canned coconut milk and coconut milk steeped with mint and turn on heat to medium heat. Whisk continually until boiling. Boil for two minutes. Remove from heat and add chocolate chips and vanilla. Stir until melted and smooth. Cool and then store in the refrigerator. When serving, garnish with a fresh mint leaf if you have one.
*I would recommend microwaving these in a bowl for about 10-15 second intervals until they are a bit softened. Then they will melt better when added to the pudding.
Author glutenfreeveganishPosted on January 29, 2016 April 12, 2016 Categories Chocolate, Dessert, SnacksTags chocolate coconut pudding, gluten free pudding, homemade pudding, Vegan puddingLeave a comment on Chocolate Mint Pudding- It's Dairy Free!
This is another one of my favorite recipes. This time I actually wrote down exactly what I did with the flours! Normally I just set out the cup and start filling it with a mix of flours that I have on hand. Top these with real maple syrup and some dairy free butter. Yum!
Make the flax eggs and set aside. Stir together the dry ingredients. Pour wet ingredients into the dry ingredients and stir together until blended. Mix with a mixer for about 15-30 seconds to get out any lumps.
Heat griddle until a drop of water sizzles on it. Add batter by about 1/4 to 1/3 c. at a time depending on what size you like your pancakes. Flip when the edges are looking firm and it is easy to get a spatula under it. Cook until that side it done. Serve with vegan butter and real maple syrup.
Strew the onions and garlic in the bottom of the crock pot. Add chicken broth. Stir together the sugar and spices and then rub on the entire pork loin. Place pork loin in the crock pot and put on high for 6-8 hours or low for 8-10 hours.
We used the pork loin for a variety of dishes: carnitas, pulled pork sandwiches, etc. It freezes and defrosts really well. In order to freeze it, I shredded it ahead of time.
Here is a pulled pork sandwich I made using Hamburger Buns and by adding Sweet Baby Ray's BBQ Sauce.
This is the last lonely enchilada. I made several pans of them and remembered to take a picture right before I ate the last one! I served these enchiladas to my family on Christmas Eve. I did most of the prep ahead of time and just rolled them while the oven was heating up. The beans make them creamy so you don't really notice the absence of cheese. However, if people want cheese but not everyone can have it, I suggest putting some shredded cheese on the table that they can add at their leisure.
Directions: Brown the ground beef until thoroughly cooked. Add in the lime, rotel, and one can of enchilada sauce.
Lightly oil a 9×13 baking dish. Open the second can of enchilada sauce and put a very thin layer on the bottom of the pan, but reserve most of it. Grab a tortilla and put a spoonful of the beef and bean mixtures into the tortilla. Roll it and place it in the pan. Continue until the pan is full and/or all ingredients are used. Top with remaining enchilada sauce.
Serve with rice and guacamole if desired.
I am seeing a theme in my posts. Apparently I make a lot of chocolate things. I was flipping through an appliance cookbook and realized very little had to be changed in this recipe. Watch out! They are very rich, so I suggest making them with the intention of sharing with others :-).
I used a stand mixer for this whole process, but you could probably do it with a hand mixer.
Cream together the cream cheese and butter. Add the vanilla, salt, and cocoa and continue whipping. Add the powdered sugar one cup at a time and continue to whip it until it is creamy and combined. Use a spoon to help you scoop about 1 T. together into a ball. You can just put them in clumps and shape them after they are cooled.
Freeze for one hour and then reshape as needed. Roll in chopped nuts.
I left some without nuts and they still tasted good. I think they would also be delicious if dipped in baking chocolate, but I didn't try it this time.
Recipe adapted from Hamilton Beach Recipes and User Guide p. 26.
I know, right? Weird source. By the way, if you are in need of a stand mixer, I have found that my Hamilton Beach one works well so far.
I recently married and as I was flipping through a homemade cookbook, I said to my husband, "I found your grandmother's coleslaw recipe." I brought the coleslaw to our Christmas gathering and it was a hit! The best part is I didn't have to change anything. This is a no-mayo coleslaw. It's easy to make and keeps for awhile.
Combine these ingredients in a large bowl and stir.
Stir the dressing ingredients together in a saucepan and bring to a boil. Pour over the slaw and stir well. Keep refrigerated and it just keeps getting better as the days go by. Supposedly it keeps for 9 days, but I have not tested that part. 🙂 This makes a large bowl of coleslaw, so share with your friends!


I went to the Brisbane Deborah Conference (TDC Brisbane, November 2017) and it impacted me in a very profound way, I was asked to sit on the authors panel – the first time I had ever done that! I felt very humbled to be asked. There was so much information, covering all the areas that are so important to us as women in the market place, the girls who were a part of the event were all amazing, it was fun, emotional, prayerful, playful, insightful, full of wisdom, love and encouragement.
Maree is inspired and the women and men, she picked as speakers were perfect for the day. It was because of the prayers and the word I got at this conference that I took a bold step and published my children's book, this has led to an awesome outpouring from God with other ideas and strategies and a clearer vision of who I am in Him. I also took a hold of my business finances and have been learning how to manage the day to day running of my business from a financial viewpoint.My word! I say go! Don't hesitate for one minute. If you are reading this, it's for you! I can highly recommend attending.


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Varun Datta Dives Into Music Industry, Releases "New Day"
By The Tribune Editorial Team on December 19, 2020
Varun Datta is a businessman who has decided to give his shot at music with his new release of "New Day." The song is an EDM instrumental that provides energy for listeners who are stuck at home and need it most. Varun Datta's track is meant to give new hope to anyone who listens with the song's positive melodic spirit.
Datta's track starts strong with a clean, spaced-out guitar riff that makes the listener feel like they are on vacation in Palm Springs. This island melody is soon interrupted by Varun Datta's beat drop, which comes about 18 seconds in. Instantly things change from beach vibes to a party atmosphere.
The producer's track is a well put together blend of smooth, calming melodies mixed with electronic drums that make for a solid track. With these different feelings, Varun Datta truly is giving people an escape with "New Days."
Stream Varun Datta's "New Day" on Spotify here.
Follow Varun Datta on Instagram here.


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Interior Department Appoints Bryan Newland to Serve as Principal Deputy Assistant Secretary for Indian Affairs >>
Interior Department Appoints Bryan Newland to Serve as Principal Deputy Assistant Secretary for Indian Affairs
The Department of the Interior today announced additional members of the agency leadership team, including Bryan Newland for Principal Deputy Assistant Secretary, Indian Affairs (ASIA).
Bryan Newland is a citizen of the Bay Mills Indian Community (Ojibwe), where he recently completed his tenure as Tribal President. Prior to that, Bryan served as Chief Judge of the Bay Mills Tribal Court. From 2009 to 2012, he served as a Counselor and Policy Advisor to the Assistant Secretary of the Interior – Indian Affairs. He is a graduate of Michigan State University and the Michigan State University College of Law. Bryan enjoys hiking and kayaking the shores of Lake Superior, and is a nature photography enthusiast.
The agency also announced Daniel Cordalis will serve as the Deputy Solicitor for Water. Daniel has more than a decade of experience working on natural resource and complex water and land management issues on behalf of Tribal governments and conservation groups. Daniel most recently worked in private practice. He previously was an attorney with Earthjustice, the Yurok Tribe, and clerked for the Colorado Supreme Court and the Native American Rights Fund. After graduating from Rice University, Daniel received a M.A. focused on hydrology and a J.D. from the University of Colorado, Boulder. Raised in southwest Colorado, Daniel is a Navajo Tribal member and lives with his family outside Arcata, California.
The agency also issued the following statement:
"As we work to advance President Biden's vision for a clean energy future that creates good-paying jobs, protects the environment, and powers our nation, we are thrilled to welcome our newest teammates. The diverse experiences of our staff will help us address the four intersecting challenges that the president has made a priority for his administration: COVID-19, economic recovery, racial equity, and climate change — all of which disproportionately impact Tribal communities with whom we have a critical trust responsibility,"
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Our heroes emerge victorious from the library of doom, and Kang offers to help Tracy because he's "awesome" at PSI. Hm, things look like they might be settling down now, but wait – what the heck is coming out of the tear?
Things get more dangerous as a dimensional creature with no eyes suddenly appears. It has a very Mother-style enemy name: One-Headed Cerberus. It looks like it's heading to the zoo… but for what reason?
Cerberus watches our heroes as they fight the possessed animals to various success. Is it going to join the fight, or will the animals under his control be enough to overwhelm the kids? And where is Ness?
With the team worn out from all the zoo animal combat, they decided to make a strategic advance in the opposite direction. But wait – Ness has showed up to save the day! Surely he can avert this crisis… or not. Ouch.