Binny Bansal

Flipkart's stake acquisition 'credit positive' for Walmart: Moody's

Flipkart's stake acquisition 'credit positive' for Walmart: Moody's

On May 9, Walmart Inc said it is buying a 77 percent stake in Indian e-commerce retailer Flipkart for about USD 16 billion, but it is yet to disclose financing plans.

May 14, 2018, 15:43 PM IST
Flipkart co-founder Sachin Bansal quits after Walmart deal, writes emotional post on Facebook

Flipkart co-founder Sachin Bansal quits after Walmart deal, writes emotional post on Facebook

Sachin had once categorically said in an interview that he will never sell Flipkart.

May 10, 2018, 10:34 AM IST
Walmart CEO addresses Flipkart staff; says deal among best decisions

Walmart CEO addresses Flipkart staff; says deal among best decisions

In the biggest M&A deal in the booming e-commerce sector, Walmart announced buying 77 percent stake in Flipkart for about USD 16 billion (Rs 1.05 lakh crore).

May 10, 2018, 10:07 AM IST
Walmart shares tumble over 4%; m-cap falls nearly $10 bn

Walmart shares tumble over 4%; m-cap falls nearly $10 bn

The deal values Flipkart at USD 20.8 billion.

May 10, 2018, 10:06 AM IST
Sachin, Binny journey: From Kart to Mart

Sachin, Binny journey: From Kart to Mart

After working for e-c0mmerce giant Amazon, the two friends set up Flipkart.

May 10, 2018, 10:05 AM IST
Traders oppose Walmart-Flipkart deal, industry gives thumbs up

Traders oppose Walmart-Flipkart deal, industry gives thumbs up

The Confederation of All India Traders (CAIT) said the deal is nothing but a clear attempt to control and dominate the retail trade in India by Walmart through e-commerce in the long run.

May 10, 2018, 10:01 AM IST
Flipkart: A timeline of milestones

Flipkart: A timeline of milestones

Sachin Bansal and Binny Bansal set up Flipkart in 2007 in Bengaluru.

May 09, 2018, 17:48 PM IST
Latest funds will be used to make profits, shave off burn: Flipkart

Latest funds will be used to make profits, shave off burn: Flipkart

Flipkart board member and investor, Subrata Mitra on Tuesday said money raised through the latest round of funding will be utilised to make profits and shave off company's burn on weekly basis, in a quest to ride its business towards right metrics.

Apr 11, 2017, 10:23 AM IST
Microsoft-Flikpkart announce strategic tie-up

Microsoft-Flikpkart announce strategic tie-up

IT giant Microsoft today announced a 'strategic partnership' with Flipkart, wherein as a first step, the online retailer will adopt Microsoft Azure as its exclusive public cloud platform.

Feb 20, 2017, 14:58 PM IST
Rejig at Flipkart: Binny Bansal now Group CEO, Kalyan Krishnamurthy CEO

Rejig at Flipkart: Binny Bansal now Group CEO, Kalyan Krishnamurthy CEO

In a major restructuring, e-commerce major Flipkart on Monday brought all its units under an umbrella firm and elevated Binny Bansal as Group Chief Executive Officer.

Jan 09, 2017, 22:26 PM IST
Sachin Bansal, Binny Bansal named 'Asians of the Year' by Straits Times

Sachin Bansal, Binny Bansal named 'Asians of the Year' by Straits Times

Sachin Bansal and Binny Bansal, founders of Flipkart, have been chosen for the prestigious 2016 `Asian of the Year` by Straits Times of Singapore as part of a group called the `The Disruptors`.

Dec 05, 2016, 13:02 PM IST
 Flipkart eyes groceries, online furniture business

Flipkart eyes groceries, online furniture business

In a bid to expand its product portfolio, major online store Flipkart plans to enter the groceries space and also make a renewed push in the online furniture business space.

Nov 20, 2016, 22:48 PM IST
Baba Ramdev's close associate Balkrishna is 48th richest man in India: Forbes

Baba Ramdev's close associate Balkrishna is 48th richest man in India: Forbes

Yoga guru Ramdev's close associate Balkrishna has entered India's richest 100 club with USD 2.5 billion networth owing to his 97 percent holding in Patanjali Ayurved, while new-age retailer Flipkart's co-founders Sachin and Binny Bansal made a surprise exit from the list.

Sep 22, 2016, 14:57 PM IST
Flipkart rejigs top order to 'simplify' organisation

Flipkart rejigs top order to 'simplify' organisation

Flipkart has rejigged its top deck yet again, carving a bigger role for head of 'category design management' Kalyan Krishnamurthy among other changes, to create a "top-team with clear accountabilities".

Aug 26, 2016, 19:17 PM IST
Raghuram Rajan, Sundar Pichai, Flipkart founders among 100 most influential people: Time

Raghuram Rajan, Sundar Pichai, Flipkart founders among 100 most influential people: Time

RBI Governor Raghuram Rajan, Google CEO Sundar Pichai and founders of Flipkart Binny Bansal and Sachin Bansal were named among the '100 Most Influential People in the World' by Time Magazine.

Apr 21, 2016, 18:37 PM IST
Flipkart acquires payment firm PhonePe

Flipkart acquires payment firm PhonePe

Flipkart on Friday announced the acquisition of PhonePe, a city-based mobile payments company co-founded by the e-commerce giant's two former employees.

Apr 01, 2016, 13:37 PM IST
Flipkart CEO's email account spoofed!

Flipkart CEO's email account spoofed!

Refuting media reports that Flipkart CEO Binny Bansal`s email account has been hacked, the etailer on Friday said it was spoofed but not hacked.

Mar 18, 2016, 19:52 PM IST
Morgan Stanley says Flipkart overvalued; mark down share value by 27%

Morgan Stanley says Flipkart overvalued; mark down share value by 27%

 Morgan Stanley has marked down the value of Flipkart`s shares by 27 percent to signal the global investors, who believe India`s largest internet company is overvalued.

Feb 27, 2016, 15:56 PM IST
Myntra's Mukesh Bansal quits Flipkart; Ankit Nagor resigns too

Myntra's Mukesh Bansal quits Flipkart; Ankit Nagor resigns too

In the most profile-yet exit for Flipkart, Myntra's Mukesh Bansal has quit as head of commerce and advertising business of India's leading online retailer.

Feb 10, 2016, 19:24 PM IST

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