Flipkart rejigs leadership, appoints Sriram Venkataraman as COOWalmart-backed Flipkart has rejigged its senior leadership team, including the appointment of Sriram Venkataraman as a chief operating officer (COO).Venkataraman, who is currently the chief financial officer at Flipkart, is assuming the additional role as COO, according to an e-mail sent to employees by Flipkart CEO Kalyan Krishnamurthy. As part of the COO charter, he will be responsible for Ekart (logistics vertical), the marketp...

Realty major DLF said its group CFO Saurabh Chawla has resigned from the company to explore new professional opportunities

The company plans to issue up to 17.3 crore shares through Qualified Institutional Placement (QIP). According to sources, the company is planning to launch QIP in June and is looking to raise Rs 4,000-4,500 crore, which will be used to repay its loan and become debt-free by March 2019.

Realty major DLF expects the sale of its promoters' stake in its rental arm to GIC for Rs 8,900 crore to be concluded by December and infusion of proceeds into the company by February 2018, a top company official said.

Realty major DLF's promoters are in the final stage of discussion with potential investors to sell their 40 per cent stake in the company's rental arm DCCDL Ltd for an estimated Rs 12,000-14,000 crore.