Flipkart

Amid Drama Over Flipkart's Binny Bansal, Walmart Investors Await Results

Business | Matthew Boyle, Bloomberg | Thursday November 15, 2018

The news was embarrassing for Walmart given the $16 billion bet the company has placed on this money-losing business, but shareholders largely shrugged it off, as the stock fell less than 1 per cent on a day broader markets also declined.

Flipkart’s Binny Bansal Said to Have Resigned After Sexual Assault Allegations

Reuters | Wednesday November 14, 2018

The misconduct accusations followed an allegation of sexual assault, two people familiar with the matter told Reuters.

"Consensual Affair," Found Probe Against Flipkart's Binny Bansal: Report

Business | Matthew Boyle and Saritha Rai, Bloomberg | Wednesday November 14, 2018

Binny Bansal, Flipkart CEO and co-founder, resigned after an investigation into allegations of sexual assault, dealing a blow to owner Walmart Inc.'s ambitions in the country. Mr Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said.

Allegations Left Me Stunned, Flipkart's Binny Bansal Told Staff In Email

India News | Taylor Telford, Joanna Slater, The Washington Post | Wednesday November 14, 2018

The chief executive of Walmart's Flipkart Group, Binny Bansal, is stepping down amid an investigation into "serious personal misconduct," the retailer announced Tuesday.

Flipkart's Binny Bansal Resigns As Group CEO After Sexual Assault Accusation: Report

Business | Thomson Reuters | Tuesday November 13, 2018

Walmart said Binny Bansal had been contemplating a transition for some time and that the companies had been working together on a succession plan, which had now been accelerated.

Challenging Situation For Binny Bansal, Said Flipkart Internal Note

Business | Matthew Boyle and Saritha Rai, Bloomberg | Tuesday November 13, 2018

Binny Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said. The U.S. retail giant completed its $16 billion purchase of the company in August in a deal that lifted Bansal's net worth to $1 billion.

"Binny Bansal Denies Personal Misconduct Allegation": Walmart's Full Statement

Business | NDTV Profit Team | Tuesday November 13, 2018

Mr Bansal stepped down as chief executive officer of Flipkart Group, following a probe into serious personal misconduct, US-based Walmart said in a statement.

Flipkart Group CEO Binny Bansal Resigns After Misconduct Probe: Full Walmart Statement

Reuters | Tuesday November 13, 2018

Walmart said that Bansal has strongly denied the allegations of "serious personal misconduct."

Flipkart's Binny Bansal Quits As CEO After "Personal Misconduct" Probe

Business | NDTV Profit Team | Tuesday November 13, 2018

Flipkart group chief executive officer (CEO) Binny Bansal resigned on Tuesday, the e-commerce company and its parent Walmart said in a joint statement

Realme C1 Goes on Sale in India Today via Flipkart

Tasneem Akolawala | Monday November 12, 2018

The Realme C1 smartphone's key highlights include the 4,230mAh battery, Snapdragon 450 SoC, and a display notch.

Honor 9 Lite, Honor 7S, Honor 9i, Honor 10 Get Extended Festive Offers in India

Gadgets 360 Staff | Friday November 9, 2018

The extended festive offers are available on Flipkart until November 12.

Honor Claims It Sold 1 Million Smartphones in India This Diwali

Indo-Asian News Service | Friday November 9, 2018

As compared to 2017, Honor touched a 300 percent growth during the Diwali season sale, the company said in a statement.

Xiaomi Redmi 6 64GB Storage Model, Redmi 6 Pro Available on Open Sale in India

Ankit Chawla | Thursday November 8, 2018

The top-end 64GB storage model of the Redmi 6 as well as both configurations of the Redmi 6 Pro are now available openly, without any flash sales in India.

Flipkart and Amazon Not Abusing Market Position in India: CCI

Reuters | Thursday November 8, 2018

The decision is a defeat for a lobby group representing thousands of online sellers in India.

Flipkart, Amazon Not Abusing Market Position, Says Fair Trade Regulator

Business | Thomson Reuters | Wednesday November 7, 2018

A case brought by the All India Online Vendors Association (AIOVA), which represents more than 3,500 online sellers, complained that Flipkart was using its dominant position to favour select sellers - an argument the fair trade regulator rejected.