Gautam Singhania has stepped down from the position of Chairman of Raymond Apparel, a wholly-owned subsidiary of Raymond.He will, however, continue to be on the board of Raymond Apparel.Nirvik Singh will take charge as the non-Executive Chairman in his place.Anshu Sarin has also joined the board as a non-executive director along with Gautam Trivedi who has joined as an independent director.

ASHOK CHAWLA RESIGNS AS YES BANK CHAIRMAN

Yes Bank chairman Ashok Chawla has stepped down, stating that the current transition period calls for someone who can devote more time and attention.The resignation comes days after the bank sought RBI’s opinion on Chawla continuing in the post after being named in a corruption charge sheet in the Aircel-Maxis case.

Chawla, a former secretary with the ministry of finance, is also the chairman of the National Stock Exchange.