Flipkart rejigs top management

Flipkart has rejigged its top management, handing over more responsibility to Mukesh Bansal, the founder of fashion portal Myntra which was acquired by India's largest online retailer earlier this year. The reshuffle will also result in a higher profile for Ankit Nagori, the marketplace head who will also now oversee general merchandise and book-retailing, the business Flipkart began life with. The moves are part of a larger organisational rehaul, according to two people with direct knowledge of the process.

Read the Economic Times news report here.