"The allegations left me stunned and I strongly deny them". Binny has been an important part of Flipkart since co-founding the company, but recent events risked becoming a distraction and Binny has made a decision to step down.
Bansal has strongly denied the allegation, according to a separate statement by Flipkart and its main shareholder Walmart.
The inquiry did not find evidence to back up the allegation, but did "reveal other lapses in judgement". "We remain committed to investing for the long-term and are supportive of the leadership team's desire to evolve into a publicly-traded company in the future", the Walmart statement added. But Walmart expressed confidence in the leadership structure and says the transition was in the works for some time.
Several months after Walmart bought Flipkart, the group CEO at the e-retail firm is leaving with immediate effect. Sachin left the company following its $16-billion acquisition by United States retail behemoth Walmart in May. He had been appointed group CEO in January past year and had previously held the roles of chief executive officer and chief operating officer.
The royal fab four reunite for Remembrance Day service
To accessorize, the Duchess of Sussex opted for a simple black clutch with gold chain detailing and classic pumps (also black). This year marks the 100th anniversary of the end of World War I, which lasted from July 28, 1914, to November 11, 1918.
Grim search for more fire victims, 31 dead across California
The death total equals the 1933 Griffith Park disaster in California , which is the deadliest fire on record for the state. With 29 people confirmed dead and 228 still unaccounted for, the Camp Fire death toll is likely to climb, officials said.
In the first half of 2018, when Walmart paid an eye-catchy $16 billion for a huge 77% stake in Flipkart, there were speculations that the "Unrelated Bansal Brothers" would be richer than Narayana Murthy, Nandan Nilekani, Krish Gopalakrishnan.
Kalyan Krishnamurthy, chief executive of Flipkart, will continue in his role and assume new responsibilities in overseeing Myntra and Jabong, online fashion retailers owned by Flipkart.
The next CEO, Kalyan Krishnamurthy, however has been reported to be a change-maker, ever since Sachin Bansal's big transformation exercise flopped in 2015. He reportedly told the business daily that he was leaving because even though allegations against him were turned out to be false, he could not continue to be the Group CEO after such charges were leveled against him.
His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct. Ananth Narayanan will continue providing great leadership as CEO of Myntra and Jabong.
Kalyan Krishnamurthy takes over as chief executive.
Roberson was planning to take the police exam in pursuit of his dream of becoming a Chicago Police officer, according to WGN . Officers from Robbins, Illinois, and the nearby village of Midlothian were responding to reports of shots fired after 4 a.m.
Following Sunday's raid, thousands in Gaza called for revenge for the death of Nur Barakah, a mid-level Hamas commander. In Israel, at least 10 people were injured in the rocket attacks, the news service reports , citing medical officials.
The 40-year-old called on countries to join hands to fight challenges such as climate change, poverty, starvation and inequality. Trump was joined by USA military leaders in the visit to the cemetery, where 1,500 US service members are buried.
Trump interrupted her, calling it a racist question. "I will continue to ask the questions that affect America, all of America". Sure enough, the White House's clip appears sped up during the actual exchange between Acosta and the White House intern.
Multiply that by 67 counties in the nation's third-most populous state, and the scope of the task was beginning to sink in Sunday. Sunday with officials recalibrating the machines that count the votes and performing a series of logic and accuracy tests.
But on Sunday a Cal Fire unit chief warned that "it's not over yet". "Because I know the toll it takes on loved ones", Honea said. A series of wildfires in Northern California's wine country last fall killed 44 people and destroyed more than 5,000 homes.
Now even the French Army is rinsing Trump about cemetery no-show
Also known as the Belleau Wood cemetery, the site is home to the graves of 2,289 American war dead and 1,060 names of the missing. More than 2,000 United States troops are buried at Aisne-Marne American Cemetery, where Trump was meant to visit on Saturday.
Brexit deal possible in next 24-48 hours, May's deputy says
Johnson backed his brother Jo's resignation from the Government and attacked the Prime Minister's Brexit proposals as "shameful". Former culture secretary John Whittingdale said Mrs May would have to go if she could not get a Brexit deal through the Commons.
CNN suing White House over Acosta suspension
"I think it's a really strong lawsuit", said constitutional attorney Floyd Abrams after Stelter asked if CNN had grounds to sue. Ms Sanders said he had behaved inappropriately towards the young woman. "You are a rude, bad person".
White House defends Trump's cemetery no-show
Some former US officials suggested Trump could have visited the cemetery if he really desired. "There is always a rain option". More than 2,000 USA troops are buried at Aisne-Marne American Cemetery, where Trump was meant to visit on Saturday.