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PTI
November 16, 2018



Sonal Khetarpal
November 16, 2018
After M&A, it is the founder leaders that help the new company ease into the new business and geography. But in a peculiar event Flipkart's CEO Binny Bansal stepped down following Walmart's investigation into an allegation of \"serious personal misconduct\".


BusinessToday.In
November 16, 2018
As its several senior executives are looking for new job opportunities, duplication of profiles arising out of integration within the Walmart-owned Flipkart Group could lead to even more top-level exits in the group.


BusinessToday.In
November 16, 2018
Jabong is expected to lay off a significant portion of its workforce in Gurgaon as part of the restructuring effort that is underway at Flipkart Group post the deal with Walmart.


Goutam Das
New Delhi, November 16, 2018
Myntra's private brands, or its private label business, has emerged as a differentiator and generates more than a quarter of its GMV.


BusinessToday.In
November 15, 2018
It took about 24 hours for Binny Bansal to go from Group CEO and Chairman of Flipkart to being forced to step down following allegations of personal misconduct.


BusinessToday.In
New Delhi, November 15, 2018
Kalyan Krishnamurthy has a different working style, and both he and Narayanan don't see \"eye to eye\" on several issues, including Kalyan's push for the integration of Myntra and Jabong with Flipkart's fashion vertical, Flipkart Fashion.


Rukmini Rao
November 15, 2018
Unlike the other co-founder Sachin Bansal who cashed out his stake, Binny Bansal has made his intentions clear by indicating he will hold on to minority stake in the company.


PTI
November 14, 2018



BusinessToday.In
New Delhi, November 14, 2018
Apple appoints Nokia's Ashish Chowdhary to lead India operations; Rupee rises to 72 level against dollar as crude oil price nears $65 per barrel; Binny Bansal quits Flipkart over personal misconduct allegations; Twitter CEO Jack Dorsey meets PM Modi; Govt masterstroke! 14 mega employment zones expected to create 10 million jobs. Watch more in this episode of Business Wrap.


BusinessToday.In
New Delhi, November 14, 2018
Apple appoints Nokia's Ashish Chowdhary to lead India operationsApple has appointed Nokia's Chief Customer Operations Officer (CCOO) Ashish Chowdhary as operation head for India to oversee the sales function. Chowdhary had joined Nokia in 2003 and will take responsibilities in Apple from January 2019. Apple CEO Tim Cook had recently said how the company has a \"long-term focus on the market\" in India. Chowdhary, replacing the company's current India operations head Michel Coulomb could be a ...


BusinessToday.In
New Delhi, November 14, 2018
Allegations were made by a former woman employee of Flipkart in 2016, who had already left the company in 2012.


Rukmini Rao
New Delhi, November 14, 2018
Although Krishnamurthy didn't go into the details of the investigations, in his email, he assured employees that it will be business-as-usual, going forward.


PTI
November 13, 2018



Rukmini Rao
New Delhi, November 13, 2018
Though Walmart has not disclosed the nature of the allegations, sources say the complaint was filed in July by one of the ex-employees of Flipkart, following which an inquiry was conducted by an independent law firm at the behest of Flipkart board.


PTI
November 13, 2018



PTI
November 13, 2018



Rukmini Rao
New Delhi, November 13, 2018
Here's the full text of his final letter to the Flipkart employees after his resignation.


Rukmini Rao
New Delhi, November 13, 2018
These have been challenging times for my family and me, says Binny Bansal.


PTI
November 13, 2018



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