Flipkart, Net Neutrality - Current Affairs Questions and Answers

ANSWER: Billion Capture+

Explanation:
A lot of market intelligence that was acquired over a period of time by India's leading e-commerce company Flipkart is being put to test as the company's own smart phone product is going on sale under Billion Capture + brand in INR 10,000 price bracket from November 15, 2017.

Hyderabad-based homegrown technology OEM Smartron has worked on Flipkart's maiden smart phone product in terms of design and development besides getting it manufactured for the e-commerce company.

The partnership with Flipkart comes as a big breakthrough for Smartron as it has been looking for opportunities.

ANSWER: Kalyan Krishnamurthy

Explanation:
Former Tiger Global executive Kalyan Krishnamurthy has been named the new CEO of Flipkart following managerial restructuring.

Binny Bansal has been moved to the newly created position of Group CEO. Krishnamurthy joined Flipkart in June 2016 as head of commerce unit.

Tiger Global is the largest shareholder and investor in the Bengaluru based company. Binny Bansal took over as CEO previously from co-founder Sachin Bansal who was named executive chairman for the group.

The newly formed organisation will focus on creating future value through a portfolio of new, high growth businesses, managing capital allocation across group companies.

Krishnamurthy will report to Binny Nansal along with Myntra Jabong CEO Ananth Narayanan, while Nithin Seth will be COO for Flipkart. Current Ekart CEO Saikiran Krishnamurthy will move to a new role.

Know More About Flipkart

• Type of site: E-commerce
• Founded: 2007
• Headquarters: Bangalore, Karnataka, India
• Area served: India
• Founder: Sachin Bansal, Binny Bansal
• Key people: Sachin Bansal (Chairman), Kalyan Krishnamurthy (CEO)
• Industry: Internet
• Services: Online shopping
• Employees: 35,000 (2015)
• Subsidiaries: Myntra, Jabong.com, PhonePe
• Website: www.flipkart.com

ANSWER: All of the above

Explanation:
Flipkart has entered into exclusive licensing agreement with brands like Provogue, Swiss Military, Carlton London and Chemistry.
Flipkart owns Myntra and Jabong. It is seeking to displace Amazon as the number 1 retailer in India in the field of e-commerce.

• Partnerships will ensure broader range of products under Flipkart Assured, a newly launched programme that promises better quality and consumer experience
• The Bengaluru based company recently made news for acquiring fashion portal Jabong for USD 70 million.
• Fashion currently registers USD 1.5 billion in GMV or gross merchandise value for the e-tailers
• Flipkart aims to cross USD 5 billion GMV mark by the close of the year

ANSWER: All of the above

Explanation:
India’s largest Internet company Flipkart has seen the exits of top managers with two executives Lalit Sarna and Sunil Gopinath leaving the company.

• Sarna was head of the payment product design while Gopinath was the technology lead for the marketplace division.
• This follows the exit of former Chief Product Officer Punit Soni who left the Bengaluru based company in April.
• Flipkart is led by CEO Binny Bansal and has focused on reducing expenses and increasing profits

ANSWER: All of the above

Explanation:
e-Commerce giant Flipkart on April 1, 2016 announced the acquisition of payments start up PhonePe Internet Pvt. Ltd. Startup was launched in December 2015 by former Flipkart executive Sameer Nigam along with Rahul Chari and Burzin Engineer Phone Pe will function as an independent business unit and details of the transaction were not disclosed Product is based on Unified Payments Interface, a new process in electronic funds transfer launched by NPCI.

ANSWER: Flipkart

Explanation:
e-Commerce major Flipkart has announced the appointment of Nitin Seth as new Chief People Officer and will report to CEO Binny Bansal. Before joining Flipkart, he was MD and country head for Fidelity International in India and responsible for company’s offshore operations in Tunisia and India.

ANSWER: Mukesh Bansal

Explanation:
Mukesh Bansal, the founder of Myntra, has resigned as head of Flipkart’s commerce and advertising platform and will progress to an advisory role. Binny Bansal has taken over as CEO and Sachin Bansal will be executive chairman at Flipkart. Chief Business Officer Ankit Nagori has also quit Flipkart to commence with his own venture.

ANSWER: A K Bhargava

Explanation:
Recommendations of A K Bhargava committee:

- Legitimate traffic management practices should be allowed yet tested against Net Neutrality core principles.
- Improper prioritisation will not be permitted, paid or otherwise.
- The specific approach of India towards Net Neutrality should take into account global best practices which serve specific needs of the nation
- The primal aim of India’s Net Neutrality principle should be towards the reasonably priced broadband, quality broadband,universal broadband for citizens
- User rights on Internet need to be ensured so ISP/Telecom providers do not limit the ability of the user to receive, send, transmit or post legal content, app or service online or restrict lawful internet activity use.
- OTT or over the top app services should be really encouraged and obstacles in their progress should be eliminated.

ANSWER: Surojit Chatterjee

Explanation:
In the new role, Chatterjee will be responsible for all consumer experience across desktop as well as mobile and will report to Punit Soni, Chief Product Officer, the company indicated in a release. He has been appointed as Senior Vice President and Head of Consumer Growth and Experience on 4th November 2015. He is a former Google executive.

ANSWER: Flipkart

Explanation:
Flipkart has appointed former MakeMyTrip CTO Sharat Singh and Ravi Krishnaswamy as VP of engineering for content and infrastructure respectively. Singh will lead the CMS engineering team which includes data management, quality, development, creation and content relevance. A technical strategy will be driven for content to create better user experience and purchase products on the app. Previous role in MakeMyTrip included development and execution of global technology stratagems and planning of ongoing technology innovations. He also set up a CoE and led product and delivery of engineering systems and automation at Shopzilla as MD India. He had also worked with Microsoft, Nextag. Krishnaswamy will focus on strengthening operations across IaaS and PaaS and understanding challenges pertaining to organisation design and bandwidth. He had earlier worked with Microsoft.