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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It's all drama: Mamata on PM making pit stop to buy 'jhalmuri' during Bengal poll campaign
Kolkata (PTI): West Bengal Chief Minister Mamata Banerjee on Monday alleged that Prime Minister Narendra Modi's unscheduled stop to buy ‘jhalmuri’ during poll campaigning was "drama".
Her comment came a day after Modi made a pit stop during his campaign tour in Jhargram to buy ‘jhalmuri’, a popular Bengali street food made of puffed rice, green chillies, and other spices.
"It's all drama. How come a camera was present when the Prime Minister suddenly made an unscheduled stop during the campaign? The entire episode was scripted. He was seen carrying a Rs 10 note in his pocket. Is it believable?" Banerjee said without naming Modi.
The TMC supremo was addressing a poll rally in Murarai assembly constituency in Birbhumm district.
