The CEO of the Indian e-commerce giant that Walmart bought a $16 billion stake in has resigned amid an allegation of personal misconduct (WMT)

Binny Bansal, co-founder and CEO of Flipkart, resigned Tuesday effectively immediately. Walmart, which controls the Indian e-commerce giant, had investigated an allegation of personal misconduct that........»»

Walmart is near a deal to invest around $15 billion for a roughly 75% stake in Flipkart Group, India’s largest e-commerce company, taking its battle with Amazon to India......»»

The co-founder and chief executive officer of Indian e-commerce company Flipkart Group has resigned after an investigation into allegations of “serious personal misconduct,” owner Walmart Inc. said......»»

The co-founder and chief executive officer of Indian e-commerce company Flipkart Group has resigned after an investigation into allegations of “serious personal misconduct,” owner Walmart Inc. said......»»

The giant's $16 billion acquisition is providing drama. Walmart said on Tuesday that the co-founder and CEO of Indian e-commerce leader Flipkart Group has stepped down in the wake of allegations of “serious.....»»

Indian e-commerce giant has partially spun-out its mobile payments brand PhonePe, selling a stake in the startup to Walmart. The .....»»

Binny Bansal, co-founder of Indian e-commerce giant Flipkart, says there are three traits that led to the business landing a record-breaking sale to retail giant Walmart......»»

MUMBAI (Reuters) - Indian e-commerce firm Flipkart's board has approved a deal to sell an equity stake of about 75 percent in the company to a group led by Walmart Inc for about $15 billion, Bloomberg reported on Friday, citing unnamed sources......»»

Markets Insider Walmart shares are sliding Tuesday after the company a.....»»

MUMBAI/NEW YORK (Reuters) - Walmart Inc will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal, in an attempt to compete with rival Amazon.com Inc in a key growth market......»»

Walmart has agreed to pay $16 billion for a roughly 77 percent stake in Indian online marketplace Flipkart, the U.S. retailer's largest deal as it opens up another front to battle rival Amazon in one of the world's fledgling e-commerce markets......»»

Walmart will pay $16 billion for a roughly 80 percent stake in Indian online marketplace Flipkart as it opens up another front to battle Amazon in one of the world's fledgling e-commerce markets. Aleksandra Michalska reports......»»

Walmart said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart in an effort to compete with rival Amazon in an important growth market......»»

NEW YORK/MUMBAI (Reuters) - Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal as it competes with Amazon.com Inc in an important growth market......»»

The company's $16 billion bid for a majority stake in the leading Indian e-commerce company is paving the way for a decades-long future......»»

The Chief Executive and co-founder of Walmart's Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into serious personal misconduct, Walmart Inc said in a regulatory filing on Tuesday......»»

The head of Walmart Inc's Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into "serious personal misconduct", a shock to the U.S. retailer's efforts to compete with Amazon in India's huge consumer market......»»

Retail giant Walmart Inc.’s (NYSE: WMT) Indian e-commerce unit Flipkart has expanded its online grocery sales to more than 50 cities in India. read more.....»»

SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm's $150 billion stake in e-commerce giant Alibaba , after prominent activist investor Elliott Management called for big buybacks......»»

Seattle-based e-commerce giant Amazon.com Inc. (NASDAQ: AMZN) will invest $1 billion in digitizing small- and medium-sized businesses in India, CEO Jeff Bezos announced Wednesday.  0 read more.....»»