Setback for Walmart as CEO of Flipkart quits over “personal misconduct”

In a major setback to Walmart’s (WMT) Indian operations, the CEO of its recently purchased unit Flipkart has stepped down following allegations of “serious personal misconduct.” Binny Bansal, also the co-founder of the Indian e-commerce giant formed in 2007, has strongly denied the allegations. “While the investigation did not find evidence to corroborate the complainant’s … Continue reading Setback for Walmart as CEO of Flipkart quits over “personal misconduct”