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CEO of Wal-Mart Indian joint venture leaves

  • U.S.-based retail giant Wal-Mart on Wednesday said its head of Indian business Raj Jain has left the company, while naming Ramnik Narsey as the interim head of the unit here. “…effective immediately, Ramnik Narsey, senior vice president for Wal-Mart International, will serve as interim leader for Wal-Mart’s business in India. He is replacing Raj Jain, who is no longer with the company,” Wal-Mart said in a statement without explaining the change.

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