Markets

The CEO of the Indian e-commerce giant that Walmart bought a $16 billion stake in has resigned amid allegations of personal misconduct

Flipkart Group CEO Binny Bansal has resigned following allegations of “serious personal misconduct.” Bansal has denied the allegations. An independent study did not corroborate the allegations, but found Bansal made lapses in judgement. In May, Walmart agreed to buy a 77% stake in Flipkart for $US16 billion. Flipkart Group CEO […]
The CEO of the Indian e-commerce giant that Walmart bought a $16 billion stake in has resigned amid allegations of personal misconduct
Tech

Meet the 11 new tech billionaires that emerged in 2018

An elite club of investors, entrepreneurs, and heirs that spans industries and countries demands only one qualification of its members: Have a fortune of at least $US1 billion. The world’s billionaires are tracked in real time by lists like Bloomberg’s Billionaires Index and Forbes’ World’s Billionaires, which monitor net worths […]
Meet the 11 new tech billionaires that emerged in 2018