Walmart’s Flipkart CEO Steps Down in Wake of Misconduct Allegation

Walmart Inc. said the chief executive of Flipkart Group, its Indian e-commerce business, resigned following an independent investigation into a personal misconduct allegation. Binny Bansal, one of the co-founders of Bangalore-based Flipkart, decided to step down after “recent events risked becoming a distraction,” Walmart said Tuesday. Walmart…

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