Rajeev Karwal resigns from Reliance Retail
Mumbai: Rajeev Karwal, president and CEO of Reliance Retail's company's consumer durables vertical, has resigned within three months of joining the company.

Ajay Baijal, formerly group head, channel business (wireless) at Reliance Infocomm, will succeed Karwal. Baijal is currently president (corporate planning) in the consumer durables vertical of Reliance Retail.

Sources close to the development said he quit due to personal reasons as he wanted to go back to Delhi.

Karwal was heading the entire durables division of Reliance Retail, involving appliances, electronics, telecommunications, computer software, hardware and photography.
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Samir Bimal appointed country head ING Vysya
Bangalore: ING Vysya Bank has appointed Samir Bimal as the country head, private banking, India. Samir joins the group with a strong background in the private banking industry, spanning India, Europe and West Asia, with leading financial institutions.

His experience in investment banking will be an added dimension and will help the bank to further augment its products and service offerings in private banking.
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George Soros India to visit in Dec
New Delhi: Legendary investor George Soros will come to India for the first time on December 15 and is expected to announce investments in the country. He has sought time with Prime Minister Manmohan Singh. Soros with a networth of $7 billion is the 28th richest American.

Soros is believed to be keen on areas like infrastructure and agriculture, retail, banking and tourism. Soros' Quantum Fund has already invested in real estate firms like GMR, Unitech, Ajmera group and Anant Raj. These investments are through the FII route via Mauritius.
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