FedEx Express (FedEx), a subsidiary of FedEx Corp. announced a significant investment of $100 million in Hyderabad. The firm, one of the world’s largest express transportation companies, inaugurated its first Advanced Capability Community (ACC) in Hyderabad on November 5.
In order to prevent fraud and abuse in the annual H-1B visa registration process, the U.S. Department of Homeland Security (DHS) proposed a new rule on October 20 that will ensure a person’s name is entered into the selection process only once, regardless of the number of registrations.
Raj Subramaniam, the India-born President and CEO of FedEx Corporation, will be receiving the 2023 Pinnacle Award — the highest honour bestowed at the 2023 Outstanding 50 Asian Americans in Business Award. In the awards instituted by the Asian American Business Development Center (AABDC), Subramaniam will be honoured along with 50 Asian American executives at a gala dinner at Cipriani Wall Street on September 21.
A 41-year-old Indian American has been sentenced to more than three years in prison after he pleaded guilty to the possession of false identity documents and operating an unlicensed money transfer business. Vimalkumar Trivedi’s fraud led to approximately $1.5 million in losses to the victims, the Attorney’s Office in the Southern District of Indiana said.
The shares of FedEx Corp, led by Indian-origin CEO Raj Subramaniam, jumped the most in nine months beating Wall Street’s earnings estimate in the third quarter.
Partha Chakraborty opines, Since the George Floyd murder we have been in a holding pattern as far as real reform goes. Memphis points to a way forward – authorities’ response was quick and decisive, streets are quiet, there is a reckoning that police are here to serve and protect, and a reconfirmation that most blue are truly the finest a community can offer.
Rajesh Subramaniam, president and CEO of FedEx, has been selected with 12 other exceptional business, civic and cultural leaders from across North America for the 2023 2023 Horatio Alger Award. Horatio Alger Association has chosen these 13 “outstanding individuals”, each of whom has overcome adversity to achieve professional and personal success, for its Member Class of 2023.
