Flipkart back to the company for approximately US$1.1 billion, and re-launch its own Indian operations. The company stated that "there is huge growth potential for e-commerce in India and significant opportunity for multiple players to succeed in India's diverse, domestic market." Softbank Group also sold its entire 20% stake to Walmart, without disclosing terms of the sale. The acquisition was completed on 18 August 2018. Walmart also provided US$2 billion in equity funding to the company. On 13 November 2018, Flipkart CEO Binny Bansal resigned, after facing an allegation of "serious personal misconduct". Walmart stated that "while the investigation did not
Pelican Books and online. Pelican Books Pelican Books is a non-fiction imprint of Penguin Books. Founded in 1937, Pelican Books combined important topics with clear prose to create inexpensive paperbacks for a broad audience. Before being discontinued in 1984, Pelican Books published thousands of accessible, stimulating books covering a wide range of subjects from classical music to molecular biology to architecture. The imprint was relaunched in April 2014, with the first five titles appearing in May. Pelican Books was established in 1937 as a non-fiction imprint for low-cost intellectual paperbacks. Founder Allen Lane wrote, ‘We… believed in the existence in this country