Nandita Sinha is expected to step down as CEO of Myntra in the coming weeks, marking a significant leadership change for the e-commerce giant. Sinha, who has been associated with the Flipkart group since 2013, was appointed CEO of Myntra in 2022 and has played a crucial role in steering the company through challenging market conditions.

Under her leadership, Myntra reported a revenue of ₹6,043 crore for FY25, reflecting an impressive 18% rise compared to the previous year. Additionally, the company achieved a net profit of ₹548 crore, showcasing its resilience in the competitive online fashion space.

Sharon Pais is currently seen as the frontrunner to succeed Sinha as CEO. This potential transition comes at a pivotal time as Flipkart prepares for a public listing, aiming for an ambitious valuation of $70 billion within the next 12 to 15 months.

In August 2024, Sinha took on the responsibility of leading Flipkart Fashion, further solidifying her influence within the group. However, her impending departure raises questions about the future direction of Myntra and its strategic initiatives.

The departure of Abhishek Gupta, Myntra’s former CFO, earlier this year added to the leadership shifts within the company. Kannan Ganesan was appointed as the new CFO following Gupta’s exit, indicating a broader restructuring within the organization.

Details remain unconfirmed regarding the exact date of Sinha’s resignation, and it remains unclear whether she will exit the Flipkart Group entirely. Observers are keenly watching how this leadership change will impact Myntra’s operations and its competitive stance in the market.

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Rupali Chakankar has stepped down as the Maharashtra state chief of the Nationalist Congress Party’s (NCP) women’s wing, a decision that comes in the wake of serious allegations against her associate, Ashok Kharat. Chakankar’s resignation, effective immediately, follows intense scrutiny over her connections to Kharat, who was arrested on March 18 after a woman accused him of raping her repeatedly over three years.

The situation escalated as it was revealed that a total of eight FIRs have been registered against Kharat, raising questions about Chakankar’s judgment and associations. In her resignation statement, Chakankar mentioned, “Following a discussion over the phone with (NCP president and deputy Chief Minister) Sunetra Pawar this morning, I am tendering my resignation as state president of the Nationalist Congress Party’s women’s wing.”

Chakankar’s involvement with Kharat extended to being a member of a temple trust he headed, which has further complicated her position within the party. She has publicly stated that she had no direct or indirect connection with Kharat’s financial dealings or alleged wrongdoings, emphasizing her innocence amidst the growing media frenzy.

In her remarks, Chakankar expressed that the allegations being levelled against her in the media are “painful” but maintained that “the truth would ultimately prevail.” This sentiment reflects a broader concern among political observers regarding the impact of such allegations on women’s leadership within political parties.

As the investigation into Kharat’s actions unfolds, Chakankar’s future within the NCP remains uncertain. Observers note that her resignation might be a strategic move to distance herself from the controversy, allowing her to focus on her defense and the ongoing investigation.

While Chakankar has stepped down from her party role, her commitment to clearing her name seems unwavering. She stated, “Her stand remains clear and firm, and the truth would emerge in the course of investigation.” This assertion indicates her intention to confront the allegations head-on.

The fallout from this incident is likely to resonate within the NCP and the broader political landscape in Maharashtra, as party leaders grapple with the implications of such serious accusations against a member of their ranks.

As the situation develops, it remains to be seen how this will affect the NCP’s standing among its constituents and the party’s approach to women’s leadership in the future. Details remain unconfirmed regarding any further actions the party may take in response to these events.

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Atanu Chakraborty has resigned as chairman of HDFC Bank, a decision that has sent shockwaves through the financial sector. His departure has resulted in an 8.7% drop in the bank’s stock, erasing approximately $16.3 billion in market value over just three trading sessions.

In his resignation letter, Chakraborty expressed that there was “a mismatch between my values and the bank’s.” This statement raises questions about the internal practices at HDFC Bank, although he did not provide specific details regarding the conflicts he encountered.

The Securities and Exchange Board of India (SEBI) is currently reviewing Chakraborty’s resignation letter for potential rule violations. This scrutiny extends to examining the fiduciary duties of the bank’s directors in relation to its internal practices.

HDFC Bank, recognized as one of the three banks categorized as ‘systemically important’ in India, has engaged external legal firms to conduct an independent review of the issues raised by Chakraborty. This move indicates the bank’s commitment to addressing the concerns and ensuring compliance with regulatory standards.

The sudden resignation and its aftermath have raised eyebrows among investors and analysts alike, leading to discussions about the bank’s governance and operational integrity. Observers are keenly watching how HDFC Bank will navigate this turbulent period and what measures will be implemented following the independent review.

As the situation unfolds, details remain unconfirmed regarding the specific internal practices that led to Chakraborty’s resignation. The implications of this leadership change could have lasting effects on HDFC Bank’s reputation and market performance.

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“Mr. Krishnamachari’s resignation was connected with the complaint and the KBF’s Internal Committee is taking action on the complaint,” stated V. Venu, confirming the circumstances surrounding Bose Krishnamachari’s recent resignation from the Kochi Biennale Foundation.

The resignation follows a sexual harassment complaint filed by a woman who had worked under him. The alleged incident occurred on December 28, 2025, and the complaint was formally received on January 3, 2026, by the Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

In response to the allegations, Bose Krishnamachari remarked, “The allegations were misleading and unsubstantiated and taken out of context.” He has initiated legal action to refute the claims made against him.

The unnamed complainant expressed her distress, stating, “She felt trapped and violated and had at no point given her consent to physical contact or remarks or advances.” This statement underscores the serious nature of the allegations that have surfaced.

V. Venu also noted that a complaint was received with the Internal Complaints Committee under the PoSH Act, indicating that the organization is taking the matter seriously. However, it is important to note that there was no police complaint related to the incident at the time of Krishnamachari’s resignation.

Bose Krishnamachari, a co-founder of the Kochi Muziris Biennale, has played a significant role in the cultural landscape of India, having served as co-curator of its inaugural edition in 2012. His contributions to the arts have been widely recognized, making this incident particularly impactful.

Following his resignation, Krishnamachari was appointed as the Cultural Curator of Kochi, a role that may allow him to continue influencing the local art scene despite the controversy.

The sixth edition of the Biennale opened on December 12, 2025, and will conclude on January 31, 2026. As the art community watches closely, the implications of this resignation and the ongoing investigation will likely shape the future of the Kochi Biennale Foundation.

Details remain unconfirmed regarding any further actions that may be taken by the Internal Complaints Committee or the Kochi Biennale Foundation in light of these events.

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In a significant development, Atanu Chakraborty has resigned as the Part-time Chairman and Independent Director of HDFC Bank, effective March 18, 2026. His resignation has raised eyebrows, particularly due to his concerns regarding certain practices within the bank that he believes do not align with his personal values and ethics.

Chakraborty, who joined the board of HDFC Bank in May 2021, has been a prominent figure during a pivotal time for the institution, notably overseeing the merger with HDFC Ltd. This merger positioned HDFC Bank as the second largest bank in India, a strategic initiative that Chakraborty described as momentous, though he noted that the benefits of this merger are yet to fully fructify.

In his resignation letter, Chakraborty stated, “Certain happenings and practices within the bank, that I have observed over the last two years, are not in congruence with my personal Values and Ethics.” He confirmed that there were no other material reasons for his resignation beyond those he articulated.

The bank has since appointed Keki Mistry as the interim Part-time Chairman for a period of three months, starting March 19, 2026. This decision has been approved by the Reserve Bank of India, ensuring a smooth transition in leadership.

Chakraborty’s tenure has not been without scrutiny; his remarks in the resignation letter have sparked discussions about the governance standards at HDFC Bank. Observers are keenly watching for further clarity from the bank or regulators regarding the concerns he raised.

As a retired IAS officer with over three decades of experience in public policy and financial administration, Chakraborty’s insights into the bank’s operations carry weight. His previous role as Secretary in the Department of Economic Affairs under the Ministry of Finance adds to his credibility.

The nature of Chakraborty’s departure has led to questions about the internal practices at HDFC Bank, prompting investors and analysts to seek more information. The bank’s governance will likely be under the microscope in the coming weeks.

As the banking sector continues to evolve, the implications of Chakraborty’s resignation may resonate beyond HDFC Bank, influencing perceptions of governance standards across the industry.

Details remain unconfirmed regarding the specific practices that led to his resignation, but the conversation surrounding governance in banking is likely to intensify.

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