• Walmart Says Flipkart CEO Out After Misconduct Allegations Probe

    28 days ago - By Fortune

    Walmart said on Tuesday that the co-founder and CEO of Indian e-commerce leader Flipkart Group has stepped down in the wake of allegations of “serious personal misconduct,” creating tumult at a company it recently paid $16 billion for to get a leg up in one of the most promising e-commerce markets in the world.
    Binny Bansal, 37, resigned immediately after an independent probe into the unspecified allegations that he “strongly” denies, Walmart Inc said in a statement, adding that his wanting response to the accusations was behind his departure.
    “While the investigation did not find evidence...
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  • Flipkart CEO steps down amid misconduct allegations

    Flipkart CEO steps down amid misconduct allegations

    29 days ago - By New York Post

    The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, has stepped down as CEO following an allegation of serious personal misconduct. Walmart, which in May purchased a $16 billion controlling stake in Flipkart Group - the largest single investment in its history - said Tuesday that an independent...
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  • Flipkart CEO Bansal resigned after sexual misconduct claim: source

    29 days ago - By Reuters

    The investigation into Flipkart Group chief Binny Bansal that led to his resignation on Tuesday stemmed from an allegation of sexual assault that dates back a few years, a person familiar with the matter told Reuters.
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  • Binny Bansal out as CEO of Flipkart Group

    Binny Bansal out as CEO of Flipkart Group

    29 days ago - By The Seattle Times

    NEW YORK - The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, has stepped down as CEO following an allegation of serious personal misconduct. Walmart, which purchased a $16 billion controlling stake in Flipkart Group in May, the largest single investment in its history, said Tuesday that...
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  • Walmart India venture Flipkart loses CEO to misconduct probe

    29 days ago - By Reuters

    The head of Walmart Inc's Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into "serious personal misconduct", a shock to the U.S. retailer's efforts to compete with Amazon in India's huge consumer market.
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  • Walmart's Indian venture Flipkart loses CEO after misconduct probe

    Walmart's Indian venture Flipkart loses CEO after misconduct probe

    29 days ago - By Venture Beat

    The CEO and cofounder of Walmart's Indian venture Flipkart, Binny Bansal, has resigned following a probe into serious personal misconduct.
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  • Binny Bansal out as CEO of Flipkart Group

    29 days ago - By Miami Herald

    The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, is stepping down following an allegation of serious personal misconduct. Walmart, which purchased a...
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  • Walmart Indian venture Flipkart loses CEO after misconduct probe

    29 days ago - By Reuters

    The Chief Executive and co-founder of Walmart's Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into serious personal misconduct, Walmart Inc said in a regulatory filing on Tuesday.
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  • The CEO of the Indian e-commerce giant that Walmart bought a $16 billion stake in has resigned amid allegations of personal misconduct

    The CEO of the Indian e-commerce giant that Walmart bought a $16 billion stake in has resigned amid allegations of personal misconduct

    29 days ago - By Business Insider

    Flipkart Group CEO Binny Bansal has announced his resignation, effective immediately, following an independent investigation into an "allegation of serious personal misconduct," Walmart said in a press release out Tuesday morning. Bansal strongly denies the allegations.
    The investigation, which was conducted on behalf of both Flipkart and Walmart, did not find evidence corroborating the accusers claims but did however find Bansal to have made lapses, including a lack of transperancy and his response to the situation, the release said.
    Moving forward, Kalyan Krishnamurthy will remain the...
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