Nandita Sinha is expected to step down as CEO of Myntra in the coming weeks, marking a significant leadership change for the e-commerce platform. Sinha’s tenure at Myntra began in 2022, and she has been associated with the Flipkart group since 2013, playing a crucial role in the company’s growth.

Under Sinha’s leadership, Myntra reported a revenue of ₹6,043 crore for FY25, reflecting an 18% rise compared to the previous year. The company also achieved a net profit of ₹548 crore during the same period, showcasing its robust performance in the competitive online fashion market.

As Sinha prepares to exit, Sharon Pais has emerged as the frontrunner to succeed her as CEO. This potential transition comes at a pivotal time for Myntra and its parent company, Flipkart, which is gearing up for a potential public listing within the next 12 to 15 months, aiming for an ambitious IPO valuation of $70 billion.

Prior to Sinha’s appointment, Myntra saw a shift in its financial leadership as well, with Abhishek Gupta, the former CFO, leaving earlier this year. Kannan Ganesan was subsequently appointed as the new CFO, indicating a broader restructuring within the company.

Sinha’s departure raises questions about her future within the Flipkart Group. While her exit from Myntra is anticipated, it remains unclear if she will step away from the group entirely. Details remain unconfirmed.

The changes at Myntra reflect the dynamic nature of the e-commerce landscape in India, where leadership transitions can significantly impact strategic direction and operational efficiency. Observers will be closely monitoring how this leadership shift unfolds and its implications for Myntra’s future.

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Rupali Chakankar has stepped down as the Maharashtra state chief of the Nationalist Congress Party’s (NCP) women’s wing following intense scrutiny regarding her association with Ashok Kharat, a figure embroiled in serious legal troubles. Chakankar’s resignation comes in the wake of Kharat’s arrest on March 18, after a woman accused him of raping her repeatedly over a span of three years. This incident has led to a total of eight FIRs being registered against him, raising significant concerns within the political landscape of Maharashtra.

Chakankar’s resignation was confirmed in a statement where she 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.” Her decision appears to be a response to the mounting pressure and public outcry regarding her links to Kharat.

Despite stepping down, Chakankar has firmly denied any wrongdoing, asserting that she had no direct or indirect connection with Kharat’s financial dealings or alleged wrongdoings. She expressed her pain regarding the allegations being leveled against her in the media, stating that they are “painful” but insisted that “the truth would ultimately prevail.”

Chakankar’s association with Kharat extended to her membership in a temple trust he headed, which has further complicated her position within the NCP. Observers note that her resignation reflects the party’s attempt to distance itself from the controversy surrounding Kharat, who has been a contentious figure since the allegations surfaced.

As the investigation into Kharat’s actions continues, Chakankar’s future within the political arena remains uncertain. She has maintained that her stand remains clear and firm, indicating a willingness to fight back against the allegations. However, the political ramifications of her resignation may have lasting effects on her career and the NCP’s image.

Political analysts suggest that the NCP will likely face increased scrutiny as the investigation unfolds, and Chakankar’s resignation may not be the last of the fallout from this scandal. The party’s leadership will need to navigate these turbulent waters carefully to maintain its credibility and support among constituents.

In light of these developments, it remains to be seen how the NCP will address the ongoing issues surrounding Kharat and whether further actions will be taken against other party members associated with him. The situation is fluid, and details remain unconfirmed as the investigation progresses.

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Atanu Chakraborty has officially resigned as chairman of HDFC Bank, a move 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 pointed to a “mismatch between my values and the bank’s,” although he did not elaborate on the specific internal practices that led to his decision. This lack of detail has raised eyebrows among analysts and investors alike.

The Securities and Exchange Board of India (SEBI) is currently reviewing Chakraborty’s resignation letter for potential violations of regulatory rules. Additionally, the agency is examining the fiduciary duties of the bank’s directors in light of the concerns raised.

HDFC Bank, recognized as one of India’s three systemically important banks, has engaged external legal firms to conduct an independent review of the issues Chakraborty highlighted. This move aims to restore confidence among stakeholders and clarify the bank’s internal governance practices.

The market’s reaction to Chakraborty’s resignation has been swift and severe. The 8.7% decline in HDFC Bank’s stock reflects investor apprehension regarding the bank’s future direction and governance. The loss of $16.3 billion in market capitalization underscores the significant impact of leadership changes in major financial institutions.

Observers are now closely monitoring the situation, particularly how SEBI’s investigation will unfold and what implications it may have for HDFC Bank’s operations moving forward. The bank’s ability to navigate this crisis will be crucial in maintaining investor trust and market stability.

Details remain unconfirmed regarding the specific practices that led to Chakraborty’s resignation, leaving many questions unanswered. Stakeholders are eager for clarity as the situation develops.

As HDFC Bank works to address these challenges, the broader banking sector will be watching closely, as the implications of this resignation could resonate beyond just one institution.

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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 resignation of Bose Krishnamachari from the Kochi Biennale Foundation on January 3, 2026. This resignation follows a sexual harassment complaint filed by a woman who had worked under him, alleging that the incident took place on December 28, 2025.

The complaint was formally received by the Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. In light of these developments, Krishnamachari cited family reasons for his resignation, although Venu’s remarks indicate a direct link to the allegations.

In response to the allegations, Bose Krishnamachari has refuted the charges, describing them as misleading and unsubstantiated, claiming they were taken out of context. “The allegations were misleading and unsubstantiated and taken out of context,” he stated, as he initiated legal action to defend his position.

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 highlights the serious nature of the allegations and the emotional impact on the complainant.

Krishnamachari, a co-founder of the Kochi Muziris Biennale, previously served as co-curator of its inaugural edition in 2012. His resignation comes shortly after the sixth edition of the Biennale opened on December 12, 2025, marking a significant moment in the cultural landscape of Kochi.

Despite the gravity of the situation, it is noteworthy that there was no police complaint related to the incident at the time of his resignation. The Kochi Biennale Foundation is now tasked with addressing the complaint through its internal mechanisms.

As the situation unfolds, the art community and stakeholders are closely monitoring the developments surrounding this case. The implications of Krishnamachari’s resignation and the ongoing investigation will likely resonate throughout the cultural sector in India.

Details remain unconfirmed regarding the next steps for both the Kochi Biennale Foundation and Bose Krishnamachari as they navigate this challenging period.

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

Chakraborty, who joined the Board of HDFC Bank in May 2021, noted in his resignation letter that “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 other than those stated in his letter.

The bank has appointed Keki Mistry as interim Part-time Chairman for a period of three months starting March 19, 2026. This transition comes at a time when HDFC Bank is navigating the complexities of its recent merger with HDFC Ltd., which has positioned it as the second largest bank in India.

Chakraborty’s tenure included overseeing this merger, which he described as a momentous development, stating, “This strategic initiative made HDFC Bank the second largest Bank in the country. Though, the benefits of the merger are yet to fully fructify.” His remarks have raised questions about the bank’s governance standards.

The Reserve Bank of India has approved Mistry’s appointment, but the nature of Chakraborty’s resignation has sparked scrutiny regarding internal practices at HDFC Bank. Investors and analysts are now closely monitoring the situation, awaiting further clarity from the bank or regulators regarding the concerns he flagged.

Chakraborty is a retired IAS officer with over three decades of experience in public policy and financial administration, including serving as Secretary in the Department of Economic Affairs under the Ministry of Finance. His insights into the bank’s operations and governance will likely be missed during this transitional phase.

The implications of his resignation and the subsequent appointment of Mistry could have far-reaching effects on HDFC Bank’s reputation and operational integrity. Stakeholders are keen to understand how the bank will address the governance issues highlighted by Chakraborty.

Details remain unconfirmed regarding the specific practices that led to Chakraborty’s decision, but the situation underscores the importance of ethical governance in financial institutions. As the banking sector continues to evolve, the focus on internal practices and governance standards will remain paramount.

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