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  • Flipkart Group CEO Binny Bansal resigns after allegations of ‘misconduct’

  • Shekhar Chs
    Expert +
    07:52 pm 13 November 2018
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    Walmart earlier this year agree to pay $16 billion cash for a roughly 77 percent stake in the Indian e-commerce firm, Amazon’s main rival for India’s 1.3 billion consumers.

     

    Shortly after Walmart announced the acquisition in May this year, Bansal talked about his departure in a sad Facebook post.

     

    Several months after Walmart bought Flipkart, the group CEO at the e-retail firm is leaving with immediate effect. Flipkart Group CEO Binny Bansal has resigned, allegedly following a probe into "serious personal misconduct"

     

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  • Infosys board slams Narayana Murthy in BSE filing report regarding Sikka resignation

  • Shekhar Chs
    Expert +
    05:15 pm 18 August 2017
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    The Infosys tussle has gone from bad to worse after the company's board questioned founder and former CEO of the company N.R. Narayana Murthy's allegations against Vishal Sikka. In a fresh BSE filing, the Board said Murthy's baseless allegations was what drove Sikka to resign as the CEO of the company. 

     

    Here's what the Board had to say in the BSE filing: 

     

    It has come to the attention of the Board that a letter authored by Narayana Murthy, the founder of Infosys has been released to various media houses attacking the integrity of the Board and Management of the Company alleging falling corporate governance stan

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