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Rupees Hits Record Low Of 79.36 Against US Dollar

Rupees Hits Record Low Of 79.36 Against US Dollar

Indian currency, Rupee plunges by 41 paise to close at a fresh lifetime low of 79.36 against the US Dollar on Tuesday due to the greenback overseas and unrelenting foreign fund outflows.  At the interbank forex market, the local unit started at 79.04 against the greenback and witnessed an intra-day high of 79.02 and a…

Raj Subramaniam named new CEO of FedEx, replacing Fred Smith 

Raj Subramaniam named new CEO of FedEx, replacing Fred Smith 

Raj Subramaniam will soon take over as the new Chief Executive Officer (CEO) at FedEx. The US-based multinational company FedEx announced on Monday stating that Indian-American Raj Subramaniam will replace the Founder and CEO Fredrik W Smith. Sources state that Fredrick Smith would step down from his position on 1st June 2022.  After stepping down…