June 25, 2019 7:34 pm
Walmart Inc, in May last year, had announced that it is buying 77 per cent stake in Flipkart for about USD 16 billion (Rs 1.05 lakh crore), its biggest deal that gave the US retailer access to the Indian e-commerce market.
June 25, 2019 3:41 am
Binny Bansal — whose shareholding has been reduced to 3.52 per cent from 3.85 per cent after the latest sale — continued with the e-commerce firm in a management position after the takeover by Walmart.
February 05, 2019 10:06 am
Bansal, who departed after Flipkart’s new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy.
November 19, 2018 6:58 pm
In its announcement, Walmart said it had initiated an independent investigation into an allegation of “serious personal misconduct.” The probe didn’t uncover evidence to support the charge.
November 13, 2018 7:44 pm
A computer science student, Binny began his career with Sarnoff Technologies, a pioneer in computer vision, in 2005 and worked there for one-and-a-half years.
November 14, 2018 7:14 am
Bansal is the biggest name in corporate India to resign in the wake of the #MeToo movement that has swept across the country, particularly in film, media and entertainment.
March 01, 2016 8:47 pm
Flipkart co-founders, Sachin Bansal and Binny Bansal, were the only Indians in Hurun's Forty and Under Self-Made Billionaires list for 2016.
November 02, 2011 3:17 am
As a co-owner of a company with an annual turnover in crores,Binny Bansal wouldnt think twice before spending eight US dollars.
November 02, 2011 1:32 am
As a co-owner of a company with an annual turnover of Rs 75 crore,Binny Bansal wouldnt think twice before spending 8 US dollars.