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Flipkart's chief human resources officer quits; Startups might get a 10-year waiver from regulatory filings

Flipkart's chief human resources officer quits; Startups might get a 10-year waiver from regulatory filings
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Flipkart’s senior vice president and chief human resource officer, Smriti Singh, has stepped down from her post. The ministry of corporate affairs has extended the period of exemptions from other regulatory filings for startups to 10 years from five now.

Walmart-owned Flipkart's chief HR quits

Flipkart’s senior vice president and chief human resource officer, Smriti Singh, has stepped down from her post. She had served for a year at the position, the Economic Times reports.

Singh managed people, talent, rewards and learning and development at the ecommerce major. She reported to the chief executive officer of Flipkart, Kalyan Krishnamurthy, the report said.

Prior to Flipkart, Singh was the vice president and head of human resources at Sony Pictures Networks India.

She joined Flipkart during the acquisition of the firm by Walmart for $16 billion, it added.

Regulatory filing waiver for startups might be extended to 10 years

The ministry of corporate affairs has planned to allow startups to issue 50% of their paid-up capital as sweat equity, the Economic Times reports.

The ministry also plans to extend the period of exemptions from other regulatory filings to 10 years from five now, the report said.

The move is aimed at easing norms for startups under the Companies Act with a view to boosting entrepreneurship in India, it added.

Earlier this year, the Department for Promotion of Industry and Internal Trade (DPIIT) stated that the entities will be considered startups for up to 10 years from the date of their incorporation.

Nasscom picks its top 10 innovative tech firms of 2019

Industry lobby body National Association of Software and Services Companies (Nasscom) has picked the top ten most innovative tech firms of 2019, according to a report by the Economic Times.

The startups are from a wide range of sectors including software-as-a-service (SaaS), retail technology, fintech, logistics, healthcare, cybersecurity and internet of things (IoT). The startups will be felicitated at the Nasscom Product Conclave 2019, the report said.

The startups picked from Nasscom's Emerge 50 awards finalists include AskSid, Routematic, Projectcatalyst Internet, QNu Labs, SLabs Technologies and Mynd Solutions, among others from the top ten.

Flipkart launches MarQ TurboStream streaming stick 

Walmart-owned ecommerce major Flipkart has rolled out a streaming stick under its private brand MarQ by Flipkart.

The streaming device is equipped with the latest Android 9.0 OS. It comes with a full high definition (HD) resolution of 1920*1080 at 60 frames per second, 1 GB double data rate 3 (DDR3) random access memory (RAM), 8GB read-only memory (ROM) and streaming support for 2.4 GHz and 5 GHz WiFi. It is loaded with Dolby digital audio and a voice-controlled remote with google assistant.

The device is available on its platform for Rs 3,499.

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