Ola COO Vishal Kaul resigns; Infosys ropes in 7 private banks to deploy new Blockchain


Ola's Chief Operating Officer Vishal Kaul has resigned from the company, and Senior Vice President Pallav Singh will take over from him in the interim, a spokesperson from the Bengaluru based ride-hailing company said. Vishal's stint at Ola has been a little over a year. Vishal had joined Ola succeeding then COO Pranay Jivrajika, who also is a founding member. Vishal had joined Ola with a focus on strengthening the company's position in the Indian market.

The Boston Consulting Group (BCG) in its annual Digital Business Revolution report has identified 17 Indian corporations that are leading digital innovation in the country as well as worldwide. Top among them are Godrej Consumer Products, Sun Pharmaceuticals, Mahindra Group and Reliance Industries.

Of late, India’s information technology companies have been moving away from traditional IT services and experimenting with emerging technologies like Blockchain, deep learning, Artificial Intelligence, and more. The latest to join the bandwagon is Infosys. The Bengaluru-headquartered firm has developed a blockchain solution for trade finance and is piloting it with seven of India’s leading private sector banks.

Narayana Murthy, co-founder, Infosys

Jeff Holden, Chief Product Officer at Uber Technologies Inc, is moving out. According to a report in The Wall Street Journal, Jeff told colleagues at Uber that Thursday, May 17, was his last day at the company. Jeff joined Uber in March 2014 from Groupon, where he was the SVP of Product Management.

At a session by Elon Musk's The Boring Company, the man made a rare appearance to explain his plans for the future of mass transit. The CEO of SpaceX and Tesla revealed his vision of a 'Loop' mass transit system that will use “pods” carrying up to 16 passengers each at speeds of up to 150 miles per hour (over 240 kilometres per hour) for as little as $1 (about Rs 68).

Elon Musk, CEO, Tesla

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