“These publications have been in their respective markets for decades and have loyal readership due to the comprehensive coverage in their fields,” said Ferrell in a statement announcing the NP and KSR acquisitions. “Endeavor is committed to maintaining the high level of service and quality they currently deliver.”In the announcement, Endeavor assured that it’s “committed to ensuring the smooth transition of these titles and will keep current publication staff in place,” adding that the acquired titles will remain based in Sarasota, Florida.“The Endeavor organization and their professional teams offered some substantial support opportunities for the future growth of these respected journals,” said Kristine Russell, CEO of NP Communications and owner of KSR Publishing. “I have known Chris Ferrell for a number of years and I was honored that he invited my organizations to join his team at Endeavor.”Gallo Business Media, which specializes in hosted-buyer events serving markets like transportation and public works, among others, was founded in 2012 by IQPC and Eaton Hall Exhibitions alum Michael Gallo, who said the entire Gallo team is “thrilled to be on the ground floor of what Chris is developing.”“Michael Gallo and his team have done a great job building a buyer conference model that is extremely valuable for both the sponsors and attendees, “added Ferrell. “We look forward to replicating the Gallo model for the benefit of our current advertisers and readers.”Nashville-based Resolute Capital Partners financed the NP and KSR deal, while Nick Curci’s Westport, CT-based M&A firm Corporate Solutions represented Gallo Business Media in its deal. Terms of the deals were not disclosed.The Gallo deal offers Endeavor “a great opportunity to expand the business by entering into new markets and leveraging other existing media assets with this hosted buyer business model,” said Curci in a statement. “Michael Gallo has built a great team and valuable assets that Chris Ferrell and his newly formed organization will develop and grow even further.” The five-month-old company that says its ready to take “B2B media to new heights” has marked its first major expansion.Endeavor Business Media announced Monday a trio of acquisitions that more than double its portfolio of media brands and significantly expand its events business: NP Communications, the Florida-based publisher of Evaluation Engineering and three titles serving the medical industry; KSR Publishing, the related publisher of Healthcare Purchasing News; and Gallo Business Media, which produces about a dozen trade shows and hosted-buyer events around the country.Founded by Chris Ferrell a month after stepping down as CEO of SouthComm Communications last November, Endeavor Business Media first made its presence known in January with the acquisition of Grand View Media’s Process Flow Network.Monday’s announcement comes weeks after former SouthComm VP Scott Bieda joined the company, reuniting with former colleagues Ferrell and Endeavor COO Patrick Rains. At the time, Ferrell said Bieda was arriving as the Nashville-based company prepared for its next round of acquisitions.
German luxury car maker BMW seemed to have been making some aggressive plans for India. The company is now all geared to introduce its petrol-electric hybrid i8 at the upcoming Auto Expo 2014.The car, which made its global debut at the Frankfurt Motor Show 2013, is powered by a3-cylinder, 1.5-litre, twin turbocharging petrol engine, in combination with an electric motor. The engine generates a power of 231bhp, a peak torque of 320Nm and is mated to a 6-speed automatic gearbox transmission. The car is capable of attaining 0 to 100kmph speed in 4.5 seconds and offers a top speed of 250kmph, along with a fuel efficiency of 40kmpl.The car is likely to be the most expensive from BMW for the India market and, according to various reports, it is likely to come with a price tag of ₹1.5 crore. The company is expected to start rolling out the new offering by early 2014.Also, BMW India has kick-started the promotions for the BMW i series car.”A new kind of movement has arrived. A movement that defines your future. BMW i. Its pure progressive shapes will fascinate you. Its lightening performance will energise you. Its intelligent applications and services will help you enjoy more. Its unparalleled use of sustainable technology will allow you to live responsibly. It will combine what is good for you and what is good for tomorrow,” RushLane quoted an update by the company.
Monetary policy risks are becoming ineffective in a world where growth is sluggish, economies are deeply interconnected and interest rates are already near zero, said a top European Central Bank (ECB) policy-maker on Saturday, 21 November.Speaking at the University of California Berkeley, ECB executive board member Benoit Coeure called for academics and policy-makers to address issues at the root of a global economic malaise, singling out the euro zone’s inability to revive domestic demand.”The capacity of the global economy to generate growth is under question,” said Coeure. “In a global zero-lower-bound environment, surplus countries hold world output down.”If we ignore those issues, there is a risk that monetary policies may become ineffective, overburdened, and/or collectively trapped in a suboptimal equilibrium,” he said.
Both SAP and Infosys said that they have mutually resolved all concerns regarding the use of their respective trademarks.REUTERS/Abhishek N. ChinnappaShares in Infosys Ltd(INFY.NS) fell as much as 3.5 percent to their lowest in over a month on Friday after a newspaper reported the company’s founders were planning to sell their stakes, citing people familiar with the development.Infosys co-founders are exploring a sale of their entire 12.75 percent stake, worth about 280 billion rupees ($4.36 billion), in the software services exporter, the Times of India reported.The newspaper, however, quoted Infosys founder Narayana Murthy denying such a move. Murthy, along with his family, is the largest shareholder in Infosys with a 3.44 percent stake.Shares of the software company fell as much as 3.5 percent to their lowest since May 5.Promoters were not immediately reachable. Infosys had no immediate comment.
In this file photo taken on 18 November 2018, Rohingya refugees walk back to their tent during dusk at the Kutupalong refugee camp. Criminal gangs and militants are increasing their grip on Rohingya refugee camps in Bangladesh committing killings and abductions with “impunity”, International Crisis Group said 25 April. Photo: AFPCriminal gangs and militants are increasing their grip on Rohingya refugee camps in Bangladesh, committing killings and abductions with “impunity”, International Crisis Group said in a new report Thursday.About 740,000 Rohingya fled Myanmar for Bangladesh after a military crackdown in August 2017, joining huge numbers already confined to the camps after earlier violence across the border.With no prospect in sight of the Rohingya returning to their homes in Myanmar, the international community must also now help Bangladesh to house the refugees for years ahead, ICG said.The conflict research group called for Bangladesh to toughen its police presence, saying that gangs and extremist groups were now operating openly in the camps.Threats from extremists had left Rohingya leaders fearful for their lives and that frequent murders were “rarely” investigated, it added.“Refugees express serious concerns about their personal security, and militants and gangs are intimidating, kidnapping and killing with impunity,” the ICG report said.“Murders and other forms of violence are an almost nightly occurrence… and perpetrators have almost never been brought to justice.”The group said some Rohingya community leaders “had received credible death threats, they believe from ARSA, and fear for their lives,” it said, referring to the the militant Arakan Rohingya Salvation Army.ARSA has been blamed for deadly attacks on Myanmar security forces in recent years, including the attacks which sparked the 2017 clampdown.Bangladesh police said the creation of seven new police posts, the deployment of armed police and better intelligence had improved security.“The report is exaggerated but not baseless. It is true violence in the camps has increased,” Cox’s Bazar district police spokesman Iqbal Hossain told AFP.About 60 Rohingya have been killed in the camps since the 2017 refugee influx, Hossain said.He denied that ARSA had a presence in the camps and said most killings were part of a power struggle among Rohingya groups.“Intelligence activities have been stepped up to find out whether ARSA is involved in killings,” he said, adding that some 1,000 police and security officers had been deployed in camps.But ICG said police were “overstretched” and focused on perimeter security and the protection of local Bangladeshis.When the night comes and “humanitarian workers withdraw to their bases in Cox’s Bazar town, security is in the hands of untrained and unarmed night watchmen appointed from among the refugees,” it said.