Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Phone Reviews
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Phone Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Binny Bansal resigns as CEO of Flipkart Group: Details here
  • Business

    Binny Bansal resigns as CEO of Flipkart Group: Details here

    Shiladitya Ray
    Written by
    Shiladitya Ray
    Mail
    Last updated on Nov 13, 2018, 05:52 pm
    Binny Bansal resigns as CEO of Flipkart Group: Details here
  • Flipkart co-founder Binny Bansal has resigned as the CEO of the Flipkart Group, following an investigation into allegations of "serious personal misconduct" against him.

    While it's not known what the allegations against Bansal are, a statement by Walmart and Flipkart said that no evidence was found to corroborate the claims against the CEO.

    Bansal, meanwhile, has strongly denied the allegations.

    Here's what we know.

  • In this article
    There were issues of transparency surrounding Bansal's conduct Read: The full statement by Walmart and Flipkart Earlier, reports pointed towards Walmart's plans to replace Binny Bansal
  • Details

    There were issues of transparency surrounding Bansal's conduct

    There were issues of transparency surrounding Bansal's conduct
  • Despite the lack of evidence, the statement said that the investigations had revealed a lack of transparency on Bansal's part, pertaining to how he responded to the allegations against him.

    Bansal's resignation marks the exit of both of Flipkart's co-founders - Sachin Bansal (unrelated) had sold his stake to Walmart earlier when the retailing giant bought Flipkart.

    Kalyan Krishnamurthy will continue as Flipkart CEO.

  • Twitter Post

    Read: The full statement by Walmart and Flipkart

  • #Walmart statement on Binny Bansal - pic.twitter.com/1Etb7gNqy0

    — Anurag Kotoky (@anuragkotoky) November 13, 2018
  • Reshuffle

    Earlier, reports pointed towards Walmart's plans to replace Binny Bansal

    Earlier, reports pointed towards Walmart's plans to replace Binny Bansal
  • In May this year, American retailing giant Walmart purchased a 77% stake in Flipkart for $16bn, and the move saw the exit of Sachin Bansal.

    Subsequently, Walmart brought in several changes to the Flipkart leadership, and in September, appointed a new chief financial officer, general counsel, chief ethics and compliance officer, and group controller.

    It was also reported then that Walmart had plans to replace Binny Bansal.

  • Flipkart
  • Binny Bansal
  • Sachin Bansal
  • Walmart
  • Kalyan Krishnamurthy
  •  
Latest News
  • Mahindra announces discounts of up to Rs. 80,800 in April
    Mahindra announces discounts of up to Rs. 80,800 in April
    Auto
  • NewsBytes Briefing: Facebook could enter the dating game, and more
    NewsBytes Briefing: Facebook could enter the dating game, and more
    Science
  • After 'DNA,' BTS's 'Boy With Luv' hits 1.2bn YouTube views
    After 'DNA,' BTS's 'Boy With Luv' hits 1.2bn YouTube views
    Entertainment
  • Facebook ran ads for fake Clubhouse app loaded with malware
    Facebook ran ads for fake Clubhouse app loaded with malware
    Science
  • NASA risks losing InSight lander forever to Martian dust storms
    NASA risks losing InSight lander forever to Martian dust storms
    Science
Related Timelines
  • India launches antitrust investigation against Google over payments app
    India launches antitrust investigation against Google over payments app
    Business
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Reliance Jio OPPO Isha Ambani
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News YouTube Hollywood News WhatsApp Netflix Bollywood News ISRO Yoga Honda Batman
Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Apple Royal Challengers Bangalore Rishabh Pant Toyota
Fashion Tips Mercedes Sidharth Malhotra Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers
Neha Kakkar Big Bang Theory X-Men TATA
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021