Latest news with #MLL
Elle
3 days ago
- Entertainment
- Elle
Vanessa Kirby Reveals She Is Expecting a Baby With Partner Paul Rabil
On Saturday, Vanessa Kirby revealed she was expecting her first child at the Fantastic Four: First Steps photocall in Mexico, wearing a sleeveless shimmering green gown with a mock turtle neckline, crisscrossed with geometric patterns. The star posed with her hand gently resting on her abdomen, with a baby bump visible through the fabric. She left her long blonde hair down and wore the gown with strappy sandal heels. She had on a glowing and bronzed makeup palette with luminous eyeshadow and a nude lip. In her ears, Kirby wore a pair of silver hoops and on her hands were several silver rings. The unspoken announcement stirred up curiosity about Kirby's boyfriend and rumored fiancé, Paul Rabil. Here's everything to know about Rabil and his relationship with the Mission: Impossible star so far. Paul Rabil is originally from Maryland, according to a 2010 profile in the New York Times, where he was raised by Allan and Jean Anne Rabil, who worked respectively at an aerospace company and as a Catholic school art teacher. They encouraged him early on to get involved in sports. While he was an accomplished athlete in general, his particular love of lacrosse skyrocketed him to a career in the Major League Lacrosse (MLL) and National Lacrosse League (NLL). In college, he played for John Hopkins University. According to his LinkedIn page, he became a co-founder and president of Premier Lacrosse League. He's also a businessman, working as a partner for Rabil Ventures and founding Rabil Companies. Rabil was married to Kelly Berger between 2014 and 2017 and went on to briefly date actress Eiza Gonzalez before being linked to Kirby. According to The Daily Mail, they were first linked in October 2022 when they were seen walking around New York City. In November 2023, Rabil shared a tribute to Kirby with a carousel of pictures on Instagram, stating that they met in Des Moines. He wrote in the caption, 'from the very minute we first met in des moines, around the world and back, life is far better, more purposeful and more beautiful with you ❤️' He recently made an appearance on her Instagram in April in a carousel of photos from the Four Seasons hotel, which she said was great for spending time with the 'people you most love. In December 2024, it was reported that the couple had gotten engaged. However, they have not officially confirmed the news.
Yahoo
07-05-2025
- Business
- Yahoo
Trump nominates Maersk executive to lead Maritime Administration
WASHINGTON — The Trump administration has nominated Stephen Carmel, an executive with Maersk Line Ltd. (MLL), to head the U.S. Maritime Administration, according to documents filed in the U.S. Senate on Tuesday. Stephen Carmel. Credit: Yorktown Institute Carmel replaces Brent Sadler, who had been tapped in March to lead the agency but had yet to undergo a nomination hearing in the Senate. No reason was given as to why Sadler's nomination was withdrawn. FreightWaves has contacted the Senate for comment. MarAd is the agency within the U.S. Department of Transportation responsible for promoting U.S. domestic shipping and shipbuilding and providing funding for port intermodal connections with rail and trucking. According to Carmel's bio at the Yorktown Institute, a U.S. national security and geopolitical forum where he is currently an adviser, Carmel is senior vice president, maritime services at MLL, the U.S. subsidiary of Copenhagen, Denmark-based liner shipping company Maersk. Carmel is also a licensed deep sea ship's master and was a vessel captain, according to the institute. Carmel's nomination comes as President Donald Trump seeks to restore U.S. maritime power as part of his 'America First' agenda, which includes a plan to increase the fleet of the U.S.- flag fleet for trading internationally as well for domestic transport. In a 2021 presentation for the Baltimore Council on Foreign Affairs, a not-for-profit foreign policy forum, Carmel said the U.S. merchant fleet is 'in serious trouble,' due to a lack of sealift capacity. 'At the end of day, this is one of those issues that the U.S. has some serious studying to do,' Carmel said during his presentation. 'There are no easy answers, and we are just beginning to grapple with how big this problem is and what needs to be done to fix it.' Carmel also at the time warned about the unintentional harm that broad tariffs can have on supply chains and trading partners, the benefits of reshoring, and the difficult economics associated with using the Arctic sea route for container shipping. Related articles: Click for more FreightWaves articles by John Gallagher. The post Trump nominates Maersk executive to lead Maritime Administration appeared first on FreightWaves.
Business Standard
22-04-2025
- Business
- Business Standard
Mahindra Logistics climbs as Q4 net loss narrows to Rs 7 cr
Mahindra Logistics jumped 3.45% to Rs 318.25 after the company's consolidated net loss narrowed to Rs 6.75 crore in Q4 FY25 as compared with net loss of Rs 12.85 crore in Q4 FY24. Revenue from operations jumped 8.19% YoY to Rs 1,569.51 crore in Q4 FY25. The firm reported pre-tax profit of Rs 0.95 crore in Q4 FY25 as against pre-tax loss of Rs 9.22 crore posted in corresponding quarter last year. EBITDA stood at Rs 78 crore in Q4 FY25, registering the growth of 36.84% as compared with Rs 57 crore posted in Q4 FY24. Total expenses increased 7.38% to Rs 1,570.75 crore in Q4 FY25 as compared with Rs 1,462.86 crore in Q4 FY24. Operating expenses was at Rs 1,358.76 crore (up 9.62% YoY), employee benefit expenses stood at Rs 95.63 crore (up 1.97% YoY) and finance cost was at Rs 20.55 crore (up 17.9% YoY) during the period under review. On financial year basis, the company reported consolidated net loss of Rs 35.85 crore in FY25 as compared with net loss of Rs 54.74 crore in FY24. Revenue from operations jumped 10.88% YoY to Rs 6,104.83 crore in FY25, driven by strong performance in 3PL, Last Mile Delivery (LMD), and Cross Border services. Rampraveen Swaminathan, managing director and CEO of Mahindra Logistics, said, During the quarter, we saw positive trend of revenue growth, with YoY growth of 8% driven by growth in 3PL contract logistics and Express. For the full year, revenue grew by 11% driven by account additions, new offerings and new launches. The B2B express business demonstrated volume recovery in the quarter, combined with cost management. Cross-border continues to see volatility in pricing. We are on track with new warehousing additions in Maharashtra, West Bengal, Guwahati & Tripura. We remain focused on expanding margins through share of solutions, cost management, and turnaround of the express business. Meanwhile, the companys managing director (MD) and chief executive officer (CEO), Rampraveen Swaminathan has resigned with effect from 4 May 2025 and he has decided to move on to pursue other professional interests and his last day of employment at the company would be 20 July 2025. Further, the companys board approved the appointment of Hemant Sikka as managing director (MD) and chief executive officer (CEO) for a period of five years with effect from 5 May 2025 to 4 May 2030 (both days exclusive), subject to approval of the shareholders of the Company at the ensuing 18th AGM of the company. Furthermore, the companys board has recommended a final dividend of Rs 2.50 per equity share for FY25, subject to the members approval at the ensuing 18th Annual General Meeting (AGM) of the company. If approved and declared at the ensuing AGM, will be paid/dispatched by the company in permitted modes after Tuesday, 22 July 2025. The company has fixed record date as Friday, 11 July 2025. Mahindra Logistics (MLL) is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and enterprise mobility.
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Business Standard
21-04-2025
- Business
- Business Standard
Mahindra Logistics Q4 PAT jumps 67% YoY to ₹13.1 cr, revenue at ₹1,293 cr
Mahindra Logistics on Monday reported 67 per cent year-on-year jump in standalone profit after tax (PAT) to Rs 13.12 crore in three months to March over the same period last year. The standalone PAT for the March quarter of 2023-24 was recorded at Rs 7.86 crore, Mahindra Logistics Ltd said in a statement. Standalone revenue for the quarter under review stood at Rs 1,293 crore as compared to Rs 1,183 crore in the March quarter of FY 24. For the full fiscal 2024-25, standalone PAT declined 30 per cent to Rs 43.50 crore from Rs 61.98 crore in FY24 while revenue for the April-March period of last fiscal stood at Rs 5,013 crore from Rs 4,530 crore, a growth of 10 per cent year-on-year, in the same period year-ago, the company said. "During the quarter, we saw a positive trend of revenue growth, with YoY growth of 8 per cent driven by growth in 3PL logistics contract logistics and Express. For the full year, revenue grew by 11 per cent driven by account additions, new offerings and new launches," said Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics Ltd. The B2B express business demonstrated volume recovery in the quarter, combined with cost management. Cross-border continues to see volatility in pricing, he said. Freight Forwarding business revenue grew 21 per cent YoY, supported by favorable freight rates in H1 and strong demand in the pharma sector and new client acquisitions, MLL said. It also said that the warehousing and integrated solutions business grew by 15 per cent YoY. The warehouse space under management stood at 20.8 million square feet. And added that the current expansion in Pune, Kolkata, Phaltan and Agartala remains on track. The company said it continued the focus on expanding capacity and making investments in the eastern and North-eastern region, focusing on warehouses, delivery stations and express logistics. "We are on track with new warehousing additions in Maharashtra, West Bengal, Guwahati and Tripura. We remain focused on expanding margins through share of solutions, cost management, and turnaround of the express business," Swaminathan added. The company said the 11 per cent year-on-year revenue growth was driven by strong performance in 3PL, last mile delivery (LMD), and cross border services, adding that the losses for express business were reduced by 21 per cent and EBITDA margin improved by 801 bps through effective cost optimization measures. Earlier in the day, the Mahindra & Mahindra Group announced the appointment of Hemant Sikka, President of the Farm Equipment Sector at M&M Ltd as the managing Director and CEO of Mahindra Logistics in place of Swaminathan. Ram Swaminathan, the company in a statement said, has decided to step down to pursue other professional interests.
Mint
21-04-2025
- Automotive
- Mint
Hemant Sikka appointed MD & CEO of Mahindra Logistics
The Mahindra Group on Monday appointed Hemant Sikka managing director and chief executive of Mahindra Logistics Ltd (MLL). Sikka had been the president of the farm equipment business since 2020. 'Hemant is one of our top leaders and brings with him a powerful combination of strategic skills, operational rigour, customer centricity and people leadership capabilities,' the Mumbai-based auto giant said in a statement. Sikka will take over as the MD and CEO from 5 May. Ram Swaminathan, the current MD and CEO of MLL, has decided to step down to pursue other professional interests. Swaminathan joined the company in July 2019 and his last day would be 20 July. In place of Sikka, president of the automotive division Veejay Neekra will take over as president of the farm equipment business, which the company recognizes as one of the largest and profitable businesses with a return on capital employed over 60%. 'There is a huge opportunity for us to grow the business profitably through tractors, farm machinery, and globalization,' it said in the statement. 'Veejay joined M&M in 1995 and has a strong proven track record of creating a turnaround of the Auto Business with successful launches, while building world-class manufacturing capability, along with shaping the growth strategy for our international businesses,' it added. Neekra will continue to report to Rajesh Jejurikar, who is the executive director for the auto and farm sectors. To replace Neekra, the company has appointed R. Veluswamy, president of automotive technology and product development, as the president of the automotive business. As part of the reshuffle, the company is also bringing the SUV and LCV business under one leader of the automotive business. 'This would help build greater agility and collaboration, both in engineering our products and taking them to market. The role would have end-to-end responsibility of all functions within the auto business with P&L delivery,' the statement said. The Mahindra Group's several auto divisions closed the last fiscal year on a healthy note. The passenger vehicle segment's retail sales grew by nearly 20% to reach 512,000 from the earlier 427,000. It saw about 373,000 tractor sales in the year, up 3% from 364,000. In 2025, M&M's share price has fallen by over 10% against a 5.7% fall in the Nifty Auto. First Published: 21 Apr 2025, 08:08 PM IST
