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The IUP Journal of Chemistry
Focus

The conversion of epoxides into dialcohols, ethers and aminoalcohols has drawn a great deal of attention in the studies of synthesis of epoxides. The significance of epoxides lies in the fact that K Barry Sharpless shared the 2001 Nobel prize in Chemistry for his work on asymmetric oxidations with William S Knowles and Ryoji Noyori. Interestingly, the first paper, “Enantioselective Epoxidation of Some Aryl-Aryl a, b-Unsaturated Ketones”, by G Thirunarayanan and G Vanangamudi, reports a highly efficient method of synthesis of epoxy ketones from their E-conformers of substituted styryl ketones using chiral quaternary ammonium bromide-PF6 catalyst. Such kind of phase transfer catalyst can be very useful for the synthesis of highly stereo-selective oxiranes.

Several coumarin derivatives have a wide range of biological activities—antioxidant, anti-inflammatory, anticoagulant, antibacterial, antifungal, and antitumor activities; moreover, these derivatives also show anti-HIV activity. Therefore, coumarin derivatives always remained in the focus areas of research. The biological activity is related to the substituents present on the benzopyran ring. In the second paper, “Synthesis and Spectral Analysis of Coumarin Derivatives”, by H V Upadhyay, H P Pandya, A B Patel and Z M Gadhawala, a method for the synthesis of coumarin derivatives has been described using acetyl coumarin with different substituted aromatic amines, and various derivatives were characterized by IR and NMR studies.

Nanotechnology involves typically 1-100 billionth of meter particles. Physical properties of known elements and materials can change as their surface-to-area ratio is dramatically increased, i.e., when nanoscale sizes are achieved. These remarkable changes in physical properties, such as colloidal properties, solubility and catalytic capacity, are tremendously beneficial in areas of biotechnology, such as medicine and drug delivery. The extremely small size of nanoparticles allows them to penetrate cells and interact with cellular molecules. The third paper, “ImatiniB-Induced Silver Nanoparticle Aggregation Analyzed by Surface Spectroscopic and Microscopic Techniques”, by V Srinivasan, S K Thabasum Sheerin and B Karthikeyan, describes the use of ImatiniB (IB) mesylate, an oncological drug useful for treatment of various types of cancer, to produce nanosilver aggregation.

The Zeolites are regular framework of alumino-silicate structure with symmetrically stacked alumina and silica tetrahedra, which result in an open and stable three-dimensional honeycomb structure, thus making it a highly porous material that allows molecular sieving. Because of their unique porous properties, Zeolites have a number of applications in catalysis, ion exchange and adsorption. For synthetic Zeolites, it is generally required that a process be commercially viable in the global market, and hence conversion of low-grade clay into sodalite is important. The fourth paper, “Conversion of Low-Grade Indian Clays to Zeolite NaA”, by S K Sharma and S S Sambi, describes the preparation of Zeolites and metakaolin using Rajasthan China clays. The results show that their calcium exchange capacity increases at high temperature of calcinations and with increase in alkali ratio. The SEM studies have indicated that the Zeolite formed is Zeolite NaA.

Velocity of ultrasonic sound is a useful and important property, and there is a correlation between sound velocity and chemical structure. In the fifth paper, “Acoustical Studies of Some Derivatives of 4-Amino Benzoic Acid in 1,4-Dioxane and Dimethyl Formamide at 308.15 K”, by Shipra Baluja and Pranav Inamdar, a number of derivatives of 4-amino benzoic acid were prepared and characterized by spectral techniques, and their ultrasonic velocity, density and viscosity were measured in solvents like 1,4-dioxane and Dimethyl Formamide (DMF) as a function of temperature. Solute-solvent interaction of all these bases in both DMF and 1, 4-dioxane solutions was further confirmed by the solvation number (Sn), which is a measure of the structure-forming or structure-breaking tendency of the solute in solution.

The role of poly-a-amino acids in understanding the mechanism of protein denaturation and decoding of genetic code is important. The interactions between surfactants or simple molecules and poly-a-amino acids can provide vital information for the studies of induced conformational changes of proteins. Therefore, a number of investigations have been made on conformational changes of homopolypeptides such as a Poly-L-Lysine (PLL) upon their interactions with ionic surfactants. The sixth paper, “Conformational Studies on Hexamethylenediamine-Bound L-Lysine Oligomers”, by Ajay Kumar, relates conformational studies on hexamethylenediamine (HMDA)-bound e’-benzyloxycarbonyl-L-lysine oligomers and HMDA-L-lysine-bound oligomers as a function of chain length.

Each year, the losses due to corrosion to the manufacturers and consumers are to the tune of millions of dollars; mostly the loss is due to the corrosion of iron and steel, although many other metals may corrode as well. Extensive pitting eventually causes structural weakness and disintegration of the metal. Much of this corrosion damage could be avoided by taking proper care. It is of immense practical importance to study the nature of corrosion behavior and suggest preventive measures. The last paper, “Corrosion Behavior of Medium Carbon Steel in Paint Industrial Effluent”, by T Sasikala and B Ramesh Babu, reports the effect that effluent of paint industries has on Galvanized Iron Pipes (GIPs), which are frequently used in Central Effluent Treatment Plants (CETPs). Most of the GIPs are made of Medium Carbon Steel (MCS). It has also been suggested that the effluents must be treated to reduce the Chemical Oxygen Demand (COD) before releasing them in the environment.

-- Sushama Viladkar
Consulting Editor

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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