After receiving a strong worded letter from IIM-A, IITs may now remove Flipkart from the Day One list of the campus placement programs.
The All-IITs Placement Committee which comprises of all the placement cell heads across all IITs, will meet soon and reach a consensus regarding the Flipkart issue.
The companies usually prefer the day 1 slot so as to pick the best out of the lot. Flipkart was so far given the day 1 slot in almost all the IITs, except a few.
After the letter from IIM-A, IIT-B is also planning to send out a similar email to Flipkart, asking them to reduce the deferment period or else increase the compensation amount.
However, Flipkart has assured that the trainees will be onboard by December 2016, after the entire restructuring process is completed. With the intensifying pressure on the e-commerce player to reduce its cash burn, the skepticisim and the concerns are inevitable.[source]