Cygnus Eliminates President Position Mike Martin To Lead Public Safety Group

first_imgCygnus Business Media is eliminating the “president” position and former president Mike Martin will lead the publisher’s Public Safety & Security group going forward. Martin became president of the company in 2007. The publisher says the move is the final appointment in a seven-month process to install a new, flatter organizational “architecture.” In July, Cygnus announced a new organization around four affinity groups: Aviation, Public Safety & Security, Building & Construction and Agriculture. Each was to be headed by an executive vice president who acts as a point person for Cygnus in their particular market, overseeing sales, content and market for their brands.Public Safety & Security is Cygnus’ largest group, generating more than 1.5 million uniques each month across sites such as Officer.com. “We have a very aggressive footprint in the public safety & security sector and it is by far an area where market share could be challenged without the right person guiding it,” said Cygnus CEO John French. “I can think of no better person to affect, grow and innovate these brands under our new architecture than Mike.”last_img read more

Ford EcoSport Bookings Cross 14000 in 2 Weeks Report

first_imgFord’s newly launched EcoSport SUV has reportedly received more than 14,000 bookings in less than two weeks.The Financial Express, citing a source close to the development of EcoSport, said the American auto major has received more than 14,000 orders for EcoSport in India, and this number is likely to cross 17,000 by this Friday.”By last Friday, bookings for the EcoSport had touched 14,000. By now, this would have crossed 17,000. A new count will be taken by Friday,” a source told to the Financial Express.The report also stated that due to higher demand for the diesel version of EcoSport, some dealers across the country have also stopped taking orders. The greater demand for the vehicle in the sub-continent will push the company to extend the waiting period for customers.The vehicle which was launched in the country on 26 June is expected to be a game-changer for Ford in the auto market. By pricing it low, Ford is directly posed a challenge to current auto market leaders like Maruti and Hyundai along with Renault Duster, Mahindra Quanto and Premier Rio. The car comes with a starting price of ₹5.59 lakh.Under the hood, EcoSport comes with 1.5L petrol, 1.5L diesel and the 1.0L EcoBoost engine. The 1.5L petrol engine is expected to give 112 PS power and 140 Nm torque. It comes in both manual and automatic transmissions. The manual transmission model gives a mileage of 15.8 kmpl, while the automatic model is expects to deliver 15.6 kmpl. The revolutionary EcoBoost EcoSport engine churns out a power of 125 PS and 170 Nm torque along with a mileage of 18.9 kmpl. The diesel variant of EcoSport is the most fuel-efficient among all models and is expected to give a mileage of 22.7 kmpl.”We have had an overwhelming response and are now consolidating the order list. This is quite high and unprecedented for us at Ford,” said Vinay Piparsania, executive director for marketing, sales and service, Ford India.Meanwhile, Ford India is recalling its EcoSport diesel models in India due to the problems with the glow plug module. The recall of newly launched vehicle is likely to hurt the sentiments of prospective buyers in the country.last_img read more

HDFC Bank Q4 net profit rises 18 employee strength falls by 6000

first_imgAn HDFC Bank branch office in Mumbai, October 21, 2015Reuters fileUpdate:HDFC Bank shares were trading with gains of 1.44 percent at Rs 1,483 crore after the private sector lender reported 18.25 percent rise in March 2017 (Q4) net profit to Rs 3,990 crore from Rs 3,374.22 crore for the corresponding period last year. This despite the bank’s provisioning for bad loans spiking by more than 100 percent to Rs 1,262 crore during Q4 from Rs 662 crore in the fourth quarter last fiscal.The number of employees stood at 84,325 as of March 31, 2017, down 6,096 from 90,421 as of December 31, 2016. Net interest income grew 21.1 percent YoY to Rs 12,501 crore from Rs 10,319.2 crore in the year-ago period.Total income stood at Rs 21,560 crore, up 14.3 percent from Rs 18,862 crore, YoY. Other income (non-interest) increased 20.3 percent to Rs 3,446 crore.Gross non-performing assets (NPAs) and net NPAs stood at 1.05 percent and 0.33 percent, respectively, as of March 31, 2017, almost unchanged on a sequential basis but up from 0.94 percent and 0.28 percent, respectively, as of March 31, 2016.The HDFC Bank board recommended a dividend of Rs 11 per equity share, up from Rs 9.50 per share for fiscal 2016.Deposits stood at Rs As of March 31, 2017, the bank had 4,715 branches and 12,260 ATMs.Original story:HDFC Bank were trading with modest gains on Friday ahead of quarterly and full-year results. The scrip was up 0.48 percent at Rs 1,469 on the BSE at around 12.30 pm.The private sector lender’s provisioning for bad loans will be interesting in the context of two other private banks — Yes Bank and IndusInd Bank — earmarking a higher amount for non-perforning assets (NPAs), in line with the RBI’s asset quality review norms.As of December 31, 2016, HDFC Bank’s gross and net NPAs stood at 1.05 percent and 0.3 percent of total advances.Yes Bank, which reported its results recently, had to set aside an additional Rs 228 crore in anticipation of likely losses arising from its exposure to Jaiprakash Associates Ltd.”As of 31 March 2017, the impact of divergences overall is at Rs 1,040 crore on which we have made 25% provisioning. This includes one borrower exposure of Rs 911 crore towards a Delhi-based cement company. However, this is a performing asset which has been servicing interest regularly. We expect to recover the amount in the near term,” Rana Kapoor, MD and CEO of the bank said, without naming the company. The exposure to Jaiprakash Associates and the consequent increase in higher provisioning was also the case for IndusInd Bank. “Provisions were elevated at INR4.3b as they included one-off amount of INR1.22b on a bridge loan for a cement M&A transaction (account remains standard), where the receivable is in June (likely to get reversed in 1QFY18),” brokerage Motilal Oswal Securities said in a note.The optimism for both the banks stems from the fact that Jaiprakash Associates had signed a deal with Aditya Birla Group company Ultratech Cement valued at Rs 16,189 crore for sale of its cement assets.Here is the video clip of HDFC Bank’s concall post declaration of Q3 results:last_img read more

Thousands Mourn Mozambique Rebel Leader as Talks Press On

first_imgBy The Associated PressThousands of people on May 9 attended the funeral of Mozambican rebel and opposition leader Afonso Dhlakama, with the country’s president and Dhlakama’s successor pledging to forge ahead with peace talks.Dhlakama died at age 65 last week in his rural hideout in central Mozambique, where he had run a renewed military campaign against the southern African nation’s government after pulling out of a 1992 peace accord that ended 16 years of civil war that killed up to 1 million people.Family members of Mozambique’s opposition leader, Alfonso Dhlakama react during his state funeral in Beira about 700 kilometres south of the capital Maputo. Dhlakama, who led a rebel group during the devastating civil war that ended in 1992 died on May 3. He was 65. (AP Photo/Tsvangirayi Mukwazhi)His death came not long after he had renewed negotiations with the government.President Filipe Nyusi said those talks should continue.“I want to make it clear that I will carry on with the work that we began, the peace and strengthening of our democracy,” Nyusi said at the funeral in the port city of Beira.Dhlakama, who turned the Mozambique National Resistance, or Renamo, from a rebel group into a competitive political party after the 1992 peace deal, had demanded the decentralization of power as a condition to lay down arms. His group, which never fully disarmed, was repeatedly defeated in elections and alleged fraud.Renamo’s interim leader, Ossufo Momade, repeated the demand for more autonomy on Wednesday but committed the movement to negotiations, saying discussions also should focus on integrating Renamo’s fighters into the national army.Nyusi said he accepted the need to finalize the two demands.“I confirm my availability for the process,” the president said, adding that the fighters should disarm and join the national army.In March, Nyusi proposed constitutional changes to redistribute power to the provinces as part of peace efforts.Renamo’s interim leader also alleged that Dhlakama had died in the bush because of the military’s attempts on his life. The Portuguese news agency Lusa has reported that Dhlakama was ill prior to his death, citing an unnamed Renamo official. Nyusi has said he had hoped to help transfer Dhlakama out of the impoverished country for medical treatment, but it was too lateDhlakama’s supporters, some wearing T-shirts with his picture, lined up on Wednesday to view the body of a man loved by some and hated by others for his role in the civil war. Dozens of people climbed trees, while others followed the proceedings from the balconies of nearby apartments.The coffin was draped in the national flag while uniformed soldiers – once the main targets of rebel attacks – stood guard.Speakers described Dhlakama as a visionary, a democrat and a negotiator.“He was a man of the people. He died fighting for the freedom of the people,” Sarah Zhuwawo, who said she was a relative, told The Associated Press.Others were less charitable.“He was a bandit. He was a dangerous man, that one. He wanted this country to collapse,” said Lucas Chikweya, who was selling boiled eggs on the street.In the city of Mutare in neighboring Zimbabwe, some criticized Dhlakama for sending his fighters across the border to attack innocent villagers in the 1980s.Hordes of Mozambicans fled into Zimbabwe and neighboring Malawi as refugees during the fighting.Between 2013 and 2016, Renamo resumed low-intensity sporadic attacks on Mozambican police, the military and civilians after Dhlakama left his Beira residence for rural Gorongosa, citing renewed attacks on him by the government.However, tensions eased in 2017 as Dhlakama met Nyusi in Gorongosa to discuss differences between the two sides.“What matters most is that he was working toward peace at the end. It is important that negotiations are completed before next year’s elections,” said Zimbabwean opposition politician Chris Sibindi, who attended the funeral. Mozambique is set to hold presidential, legislative and provincial elections in October 2019.Dhlakama will be buried Thursday in his home village.last_img read more

Protesters Pushed Back at NYC Federal Jail Where Power Out

first_imgBy JULIE WALKER, Associated PressNEW YORK (AP) — Some demonstrators protesting the lack of heat and electricity at a federal detention center in New York City attempted to enter the facility Sunday, and witnesses said guards drove them back with pushes, shoves and pepper spray.A reporter and photographer for The Associated Press were at the Metropolitan Detention Center in Brooklyn when a woman, whose son is being detained, tried to get into the jail.Cahana Yehudah, foreground, of the Bronx, cries as she hears the response of prisoners held inside the Metropolitan Detention Center, a federal facility with all security levels, Sunday, Feb. 3, 2019, in the Brooklyn borough of New York. (AP Photo/Kathy Willens)Protesters have gathered outside the facility in recent days following news reports that those housed there have largely been without heat or power for the past week and also haven’t been able to communicate with lawyers or loved ones. Outdoor temperatures have been well below freezing on some recent days, though Sunday was warmer.On Sunday, an inmate was able to call through the window of his cell, which faces out to the street, to his mother below. The woman, Yvonne Murchison, was crying and upset and tried to get into the facility, where visits have been stopped.“I’d trade places with him any day, that’s my child,” she said.She was followed by activists and media into the lobby, where visitors have to pass through metal detectors.Witnesses said officers used significant force to push the people out, with some of those attempting to come in being pushed to the ground. The AP photographer felt some type of spray, and began to have trouble breathing. Those affected were seen washing out their eyes with water or milk.The Bureau of Prisons has acknowledged that the jail “experienced a partial power outage due to a fire in the switch gear room.” The bureau had said a new electrical panel is being installed by an outside contractor and work is expected to be completed by Monday. The agency insisted that inmates had hot water for showers and sinks, and were getting medications as needed.The jail administration did not return an email seeking comment on the clash Sunday.New York Gov. Andrew Cuomo called for an investigation of the circumstances of the loss of heat and electricity by the federal Department of Justice, saying the situation was “a violation of human decency and dignity” and also raises “questions of potential violations of law.”The Democrat said he wanted answers, and those responsible held accountable.“Prisoners in New York are human beings,” Cuomo said. “Let’s treat them that way.”last_img read more

County Wins Three National Awards

first_imgBy Mark F. Gray, Special to the AFRO, mgray@afro.comThree Prince George’s County government agencies received awards from the National Association of Counties (NACo) during their 2019 Annual Conference and Exposition.  These national awards recognize programs that are innovative by improving services for residents. “We are working to make you proud, bringing efficient, effective and award winning government services that utilize [innovation] to further enhance the quality of life for all our citizens,” said Prince George’s County Executive Angela Alsoborooks through a public statement. The agencies that were honored are the County’s Department of Corrections, the Department of the Environment and the Office of Community Relations.  Alsobrooks’ “Clean County” campaign garnered a significant boost after it was recognized for the impact of the “Piloting Food Scrap Collection to Improve Organic Waste Recovery at the County Level” program.Prince George’s County won three awards from the National Association of Counties during their 2019 Annual Conference and Exposition. (Courtesy Photo0This program, which started in 2013 as a year-long pilot for 500 County households receiving residential curbside waste collection services, has helped reduce it’s continuous waste diversion and zero waste goals.   A recent “Waste Characterization Report” determined that 31.3 percent of the trash currently dumped at the Brown Station Road Sanitary Landfill in Upper Marlboro includes food scraps and other decayed organic material than can be used as a plant fertilizer.  The program diverts materials that are accepted and composted at the Prince George’s Organics Composting Facility which is touted as the largest municipal facility on the east coast. Food scraps are combined with the County’s collected yard trim and turned into a landscaping product called Leafgro. Approximately 172,000 households in the County and have their grass clippings, leaves, brush, small branches, and Christmas trees delivered to the facility. Once the yard trim is delivered, it is ground, placed in windrows and processed into compost which is sold to wholesalers in bulk.  For that effort, the program earned NACo’s “County Resiliency: Infrastructure, Energy and Sustainability Award.”After developing the 311 on the Go program, Prince George’s County won the “2019 Achievement Award for Civic Engagement and Public Information.”  The program increases citizen engagement and builds a more informed public through aggressive community outreach. It is designed to be the bridge that connects citizens, businesses and visitors to County information and resources.  They partner with other government agencies and County Council representatives that provide residents with the tools and resources which are designed to advocate for their needs.  The Department of Corrections’ Employee Support Unit earned NaCo’s “Achievement Award in the Personnel Management, Employment and Training” category.   Correctional facilities across the country are facing challenges, whose professional environment leads to a higher risk for health risks. Addiction, depression, anxiety, domestic violence and diabetes have contributed to physical issues that impede these County employees quality of life.Family engagement of correctional employees is at the core of this program, because they often share their stress and are recipients of the burden of parents or spouses who face difficult work hours in a challenging environment to their mental health. The Department hosts family tours throughout the year to give family members an opportunity to see how the correctional facilities operate and gives those loved ones a chance to address their concerns.  The Unit was honored for creating programs to deal with these issues by using a holistic approach to meet the needs of the staff with an onsite staff psychology coordinator, workshops and peer support groups.last_img read more

Beware Babys cry can alter your brain functions

first_imgThe brain data revealed that the infant cries reduce attention to the task and triggered greater cognitive conflict processing than infant laughs. “Parental instinct appears to be hardwired yet no one talks about how this instinct might include cognition,” said David Haley from the University of Toronto.The team looked at infant vocalisations — in this case, audio clips of a baby laughing or crying —and its effect on adults who completed a cognitive conflict task.  Also Read – ‘Playing Jojo was emotionally exhausting’They asked participants to rapidly identify the colour of a printed word while ignoring the meaning of the word itself. Brain activity was measured using electroencephalography (EEG), which took place immediately after a two-second audio clip of an infant vocalisation. Cognitive conflict processing is important because it controls attention — one of the most basic executive functions needed to complete a task or make a decision. A baby’s cry has been shown to cause aversion in adults but it could also be creating an adaptive response, “switching on” the cognitive control parents use in effectively responding to their child’s emotional needs while also addressing other demands in everyday life, Haley added in a paper published in the journal PLOS ONE.  Also Read – Leslie doing new comedy special with Netflix“If an infant’s cry activates cognitive conflict in the brain, it could also be teaching parents how to focus their attention more selectively,” he added. The findings add to a growing body of research suggesting that infants occupy a privileged status in our neurobiological programming, one deeply rooted in our evolutionary past. But, as Haley noted, it also reveals an important adaptive cognitive function in the human brain.last_img read more