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COMING UP:Share Opener Variant 2

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Transcript

00:00:01
>> Walmart's big Indian acquisition is proving complicated. The boss of online retailer Flipkart leaving the company after sexual assault accusations. Binny Bansal is going just months after Walmart paid $16 billion for a majority stake in the company. His departure now raises questions about the future of the business.
00:00:22
Reuters' Una Galani is in Mumbai. Shes says Bansal's absence could actually be a plus for Walmart.>> Binny Bansal's exit may be a blessing in disguise. He really helped to build this company up over the past decade into the country's biggest e-commerce player. But over the last few years, the management of this company has been a game of musical chairs.
00:00:45
And in the end, his role was mostly a symbolic one. With such a large personality out of the way, Walmart will now be able to focus on the task in hand, and that is maintaining its narrow lead over Amazon in a cutthroat market.>> The e-commerce company's co-founder has strongly denied the allegations.
00:01:03
Walmart says its own investigation found no evidence to support the assault claim, though it said Bansal was guilty of unspecified lapses of judgment. He remains a shareholder in Flipkart, which began life as an online book store run out of a small apartment in Bengalaru. It grew to become India's most valuable tech startup.
00:01:22
Walmart will hope it still has a big future ahead.