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CEO of India's Flipkart Resigns After Sexual Assault Accusation

The head of Walmart Inc's Indian venture Flipkart Group, Binny Bansal, has resigned following a internal probe into "serious personal misconduct," Walmart said on Tuesday, and two people familiar with the matter said it involved an accusation of sexual assault. The departure of Bansal, 37, one of India's new generation of young, tech-savvy billionaires, is a setback for Walmart's efforts to compete with Amazon.com Inc in India's huge consumer market. In a...

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