Flipkart Group CEO Binny Bansal resigns after allegations of ‘misconduct’
New Delhi, Nov 13: Flipkart co-founder Binny Bansal has resigned as the company’s group CEO, following an internal investigation conducted by both Flipkart and its parent firm, Walmart, into an allegation of “serious personal misconduct,” the two companies said in a joint statement.
Bansal, 37, has strongly denied the allegations, the company said in a statement. Bansal and his representatives could not be reached for comment.
“While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other lapses in judgement, particularly a lack of transparency, related to how Binny responded to the situation,” the company said.
“Because of this, we have accepted his decision to resign.”
Kalyan Krishnamurthy, who heads the company’s main Flipkart e-commerce operation, would now act as chief executive for a broader group of businesses including apparel websites Myntra and Jabong, the company said.
Walmart earlier this year agree to pay $16 billion for a roughly 77 percent stake in the Indian e-commerce firm, Amazon’s main rival for India’s 1.3 billion consumers.
It was the U.S. retailer’s largest-ever deal and a major move in its efforts to oppose Amazon at home and abroad.
Courtesy: www.hindustantimes.com
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Sai Baba temple at Shirdi not to allow garlands, bouquets, shawls inside
Mumbai, May 10 (PTI): Amid heightened security concerns in the country, the Sai Baba temple trust at Shirdi in Maharashtra has decided not to allow garland, bouquets and shawls to brought inside the temple complex.
The famous temple which draws millions of devotees every year had received a threatening email last week.
Goraksh Gadilkar, a member of the Sai Baba Sansthan Trust, said devotees will be searched before entering the temple.
"The Sansthan received a threat email on May 2. In view of India-Pakistan tensions and the security alert across the country, flowers, garlands, prasad and shawls will not be allowed inside," he told PTI.
The Ahilyanagar district police have also made some suggestions to enhance the security of the temple.
On Friday, the Siddhivinayak temple in Mumbai said it will not allow garlands, prasad and coconuts inside from May 11.
