Skip to content
Search

Latest Stories

Ford's Indian-American head steps down after misconduct allegations

Indian-American Raj Nair, executive vice president and president of Ford North America, is stepping down from his post effective immediately following misconduct allegations.

Nair, who has held various positions with the automobile giant since 1987, said he regretted instances where his actions were not in tune with the company's policies.


"I sincerely regret that there have been instances where I have not exhibited leadership behaviors consistent with the principles that the Company and I have always espoused. I continue to have the utmost faith in the people of Ford Motor Company and wish them continued success in the future," Nair said in a statement.

Ford President and CEO Jim Hackett also said the decision to let Nair go was taken after careful consideration and thorough review. "Ford is deeply committed to providing and nurturing a safe and respectful culture and we expect our leaders to fully uphold these values," he said.

Hackett became the CEO of Ford in May 2017, and this is the second time he has had to issue a statement regarding a high-profile scandal. In December, a New York Times investigative report revealed sexual harassment and abuse at two of the company’s factories in Chicago.

Following this, Hackett penned an open letter to employees saying he apologizes for harassment and discriminatory conduct his colleagues were subjected to. "On behalf of myself and the employees of Ford Motor Company, who condemn such behavior and regret any harassment as much as I do, I apologize. More importantly, I promise that we will learn from this and we will do better," he said.

More For You

PlanMining Empowers XRP Investors to Earn Passive Income Every Day

PlanMining Empowers XRP Investors to Earn Passive Income Every Day

In today’s dynamic cryptocurrency market, investors are seeking reliable ways to grow their assets without being tied down by complex mining setups. PlanMining, a global leader in cloud mining solutions, now fully supports Ripple (XRP) as a settlement currency, offering users a convenient path to daily passive income.

With traditional financial markets facing uncertainty and fiat currencies subject to inflation, crypto assets like XRP have become an attractive option for preserving and growing wealth. PlanMining enables anyone to participate in cloud mining using just a mobile phone and a modest amount of XRP, eliminating the need for costly mining equipment while still generating stable daily returns.

Keep ReadingShow less
Amidst Ripple (XRP) price fluctuations, XRP holders opt for XRP mining contracts, earning $9,700 daily.

Amidst Ripple (XRP) price fluctuations, XRP holders opt for XRP mining contracts, earning $9,700 daily.

Amidst volatile cryptocurrency markets, Ripple (XRP) has fallen approximately 4.1% over the past 24 hours. This has prompted investors to remain cautious about any significant fluctuations. Although XRP has surged 49% in 2025, this cyclical volatility makes relying solely on price speculation risky.

In these critical moments, GoldenMining provides real solutions. Through its high-yield mining contracts, investors can achieve stable daily profits even amidst market volatility.

Keep ReadingShow less
​OpenAI

OpenAI is facing legal challenges in India, with publishers and news outlets accusing it of using their content without permission to train ChatGPT. (Photo: Reuters)

Reuters

OpenAI to set up first India office in New Delhi this year

OPENAI, the company behind ChatGPT, will open its first India office in New Delhi later this year as it expands in its second-largest market by user numbers.

The Microsoft-backed firm has been registered as a legal entity in India and has started hiring for a local team, the company said in a statement shared with Reuters on Friday.

Keep ReadingShow less
Surinder Arora's firm acquires Ministry of Justice headquarters
Surinder Arora

Surinder Arora's firm acquires Ministry of Justice headquarters

PROMINENT Asian businessman Surinder Arora’s company has acquired the Ministry of Justice for £245 million, adding to his portfolio of properties.

The Arora Group bought the Queen Anne’s Mansions (QAM), near Buckingham Palace, from Land Securities.

Keep ReadingShow less
Peter Navarro

White House senior counselor for trade and manufacturing Peter Navarro speaks to reporters outside of the West Wing of the White House on August 21, 2025. (Photo: Getty Images)

Getty Images

India is 'Maharaja in tariffs', US trade advisor says

WHITE HOUSE trade adviser Peter Navarro criticised India as being a "Maharaj" in tariffs and claimed it operated a "profiteering scheme" by using discounted Russian crude oil, as a war of words between India and the US continued to escalate.

Navarro's comments came as India’s foreign minister, S Jaishankar, said the US had asked New Delhi to help stabilise global energy markets by buying Russian oil.

Keep ReadingShow less