RAJ SUBRAMANIAM
FedEx eyes fiscal 2025 profit just above Wall St target, shares soar
FedEx anticipates strong profits in fiscal 2025, considering strategic actions like potential freight business sale and ending the unprofitable postal service contract. Despite market challenges, FedEx's revenue grew amidst cost-cutting measures and operational consolidation, reflecting the company's resilience and focus on long-term sustainability.
Chinese premier downplays risks to economy, highlights policy space
The world's second-largest economy has reported a solid start to 2024, with growth in exports, industrial production and investment beating expectations. That has reduced the urgency for authorities to add stimulus in the short term, though economists say more policy support is needed to reach the ambitious economic growth target of around 5% this year.
'India key market, will deliver the goods for FedEx': Global CEO Raj Subramaniam
FedEx CEO Raj Subramaniam is bullish on India due to its growing GDP, manufacturing sector, talent pool, digitization, and technology ideas. Despite supply chain disruptions, FedEx continues to expand its operations in India and has formed a strategic alliance with Delhivery for extended reach and sustainability initiatives.
FedEx invests $350 million in new regional hub in Dubai
FedEx Express is expanding its presence in MEISA by establishing a hub in Dubai. The hub aims to improve connectivity, facilitate global trade, and serve key markets like India and Saudi Arabia.
FedEx tumbles 11% after sober results; Express unit disappoints Wall Street
Industrial production around the world continues to be weak and that is reflected in the company's Express Freight numbers, and even in domestic Express numbers, CEO Raj Subramaniam said on the company's conference call
FedEx commits USD10 million to IIT Bombay and IIT Madras
The Indian Institute of Technology, Madras has received $5 million grant from FedEx to set up Centre of Excellence for supply chains. The partnership between IIT Madras and FedEx would aim to drive sustainability through digital intelligence, technological advancements, talent, and collaboration.
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FedEx invests $100 million in Hyderabad, launches its first Advanced Capability Community
The launch ceremony marks an investment of $100 million in Hyderabad's economic landscape.
Country with ‘most excitement’, FedEx CEO Subramaniam on India cracking the growth code
Subramaniam said the percentage of global manufacturing in India can be on an upward trajectory and such an opportunity must be seized.
Significant opportunity to increase percentage of global manufacturing in India: FedEx CEO Subramaniam
President and CEO of FedEx, Raj Subramaniam, believes that there is a significant opportunity to strengthen global manufacturing in India. He highlighted the need for India to reduce non-tariff barriers and streamline processes to facilitate the smooth flow of goods across borders.
Indian-American FedEX CEO Raj Subramaniam presented with Pravasi Bharatiya Samman
Finance Minister Nirmala Sitharaman and US Commerce Secretary Gina Raimondo along with senior officials of the Biden Administration and several hundred Indian Americans were present at the event.
FedEx to open First Advanced Capability Community (ACC) in India
The opening of ACC is an initiative by the company to support the recruitment and development of India's diverse workforce.
Biden appoints two Indian American corporate leaders to his Export Council
Punit Renjen, the former CEO of Deloitte Consulting and Rajesh Subramaniam, CEO and president of FedEx, have their names on the list of members the president intends to appoint as members of the influential President's Export Council.
Delhi traffic police issues advisory in view of Republic Day parade rehearsals
The traffic police requested motorists to observe traffic rules and road discipline and follow directions of personnel deployed at all intersections. It also asked people to plan their journeys to avoid inconvenience.
Fed Ex CEO Raj Subramaniam believes ‘world economy is heading towards recession’, here’s why
Subramaniam, the CEO of the logistic conglomerate Fed Ex feels that the global economy is facing the threat of a recession. With FedEx's Quarter one numbers on the downside, The CEO is a worried man. Raj Subramaniam was talking to CNBC's Jim Cramer on Thursday.
FedEx warns of worsening economy and pulls forecast; shares drop 16%
The World Bank earlier on Thursday said the world's three largest economies - the United States, China, and the euro area - have been slowing sharply, and even a "moderate hit to the global economy over the next year could tip it into recession."
FM Sitharaman meets heads of FedEx, Mastercard, others during US visit
The finance minister is in the US to attend IMF-WB Spring Meetings 2022.
FedEx appoints COO Raj Subramaniam as CEO
In addition, R. Brad Martin, Chair of the Board’s Audit Committee, is now non-executive Vice Chairman of the Board. As Vice Chairman of the Board, Martin is the Board’s designated successor to serve as Chairman of the Board.
'You symbolise the Indian Raj.' Anand Mahindra coins a term for the new FedEx CEO
Subramaniam is will soon be providing strategic direction for all FedEx companies.
Who is Raj Subramaniam, the Indian-origin boss appointed as the new CEO of FedEx?
The 54-year-old was elected to the FedEx Board of Directors in 2020 after joining the company in 1991.
Indian American Raj Subramaniam to be new CEO of FedEx
"Raj is an accomplished and proven leader, and he has the full support of the board. He has more than 30 years of global experience across strategy and operations and has led the company through a period of tremendous growth. I am confident that he will build on this foundation and take the company to even greater heights,” Steiner said.
Raj Subramaniam to become President, CEO of FedEx Corporation
Subramaniam was elected to the FedEx Board of Directors in 2020 and will maintain his seat on the Board. Prior to his role as President and Chief Operating Officer of FedEx Corp., he was President and Chief Executive Officer of FedEx Express.
South star Suriya inks four-film deal with Prime Video
The line-up of films include 'Jai Bhim', 'Udanpirappe', 'Oh My doG' and 'Raman Aandalum Ravanan Aandalum'.
Indian-American Rajesh Subramaniam named FedEx president
Subramaniam, currently the executive vice president, chief marketing and communications officer of FedEx Corporation, will assume his new role on January 1, 2019.
Digital medium no threat to films released in halls: Industry
The digital world may present new challenges but it is not a threat to films released in cinema halls, industry people say, stressing that the two mediums can coexist.
Robbing composers and lyricists of royalties: The row over money and melody
Top music labels have been accused of robbing composers and lyricists of royalties amounting to hundreds of crores.
Amazon Prime Video ventures into original reality shows in India
The line-up for India includes 'Jestination Unknown', a travel comedy & 'The Remix', a music show, & 'Comic Kaun', a comedy talent hunt.
T&D industry should tap global opportunities to increase exports: West Bengal
IEEMA President Raj Eswaran said frugal engineering and innovation help cope with business cycles in the global electricity sector.
BCCI probe panel 'illegal and unconstitutional': Bombay High Court
The court's observations, which came while admitting a PIL by the Bihar Cricket Association, will, however, derail Srinivasan's comeback plans.
Arun Mishra to replace EK Bharat Bhushan as new DGCA Chief
Arun Mishra, an IAS officer from the West Bengal cadre, will take over as chief of the Directorate General of Civil Aviation by the end of this month
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