BENGALURU: Wipro has been recognized as the world's most ethical company by the Ethisphere Institute for 2015. The world's most ethical companies designation recognizes those organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.

The Ethisphere Institute has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character.

Country’s third largest software services firm Wipro has partnered with the World Economic Forum (WEF) to develop a cyber value-at-risk (VAR) framework that will allow organisations to assess threat landscape, the nature of assets needed protection and quality of defences.

As per the Forum’s estimates, if the sophistication of attacks keeps ahead of defensive capabilities, the resultant new cyber regulations and restrictive policies could hurt innovation by about $3 trillion by 2020.

After decades of low-margin work like server maintenance, India's information technology services firms are moving upscale in search of lucrative contracts for driverless cars and other advanced projects as online innovation changes clients' needs.

Companies from Tata Consultancy Services to Wipro are all joining Infosys in investing in new, high-end technology, industry watchers say. Earlier this week Infosys bought US automation specialist Panaya Inc for $200 million.

BENGALURU: Wipro's investments in next gen programmes, overseen by Rishad Premji's strategy office, could soon be spun off into a separate entity.

Called H2H3 (Horizon 2, Horizon 3), the programme operates like an in-house incubator and fund, identifying potent ideas that have the potential to scale up over a two- or three-year timeframe and generate substantial revenues.

SINGAPORE: Indian conglomerate Wipro has formed a strategic partnership with two American companies to offer a software package that optimises the entire Liquefied Natural Gas (LNG) supply chain.

The partnership, called RapidLNG, aims to serve some 500 LNG companies globally, ranging from upstream gas production to consumer market, Wipro officials said after launching the scheme in Singapore at the LNG Global Congress held this week.

Mumbai: After falling for four consecutive sessions, India’s benchmark Sensex rose over 350 points on Thursday, led by gains in shares of information technology and banking companies.

At 2.20pm, Bombay Stock Exchange’s 30-share Sensex was up 1.24%, or 358.52 points, at 29,241.62 points, while the National Stock Exchange’s broader 50-share Nifty was up 1.2%, or 101.50 points, at 8,825.20 points.

BENGALURU: Wipro has won a $150 million (Rs 900 crore) IT outsourcing deal from the Allied Irish Banks (AIB), one of the big four commercial banks in Ireland. India's third largest IT services company will provide infrastructure management services (IMS), data centre and hosting services to AIB over five years. "We are excited to partner with AIB in their journey to transform the Bank. We will bring our expertise to build agile and adaptive infrastructure while improving the predictability and cost effectiveness of services," said Rajan Kohli, senior vice president and global head - banking and financial services in Wipro.

In the first major expansion drive for its software development centre in the city, IT major Wipro Technologies has committed a 4,000-seater facility in Bhubaneswar. The facility would come up on the IT firm's existing campus spread over 26 acres of land at the Infocity area on city's outskirts.

"Wipro has discussed its expansion plan for Bhubaneswar. They have committed to set up a 4,000-seater complex in 18 months. Construction work on this facility is expected to commence in a couple of months. Wipro would set up a G+8 block at its existing facility.

New York/London: Wipro Ltd, an Indian information-technology (IT) consulting firm that counts energy companies among its clients, said some of those customers have cut back on awarding contracts amid a record decline in oil prices.

In recent weeks, Wipro has seen a drop in IT contracts linked to large capital projects in the energy sector, chief executive officer T.K. Kurien said in an interview on Tuesday at the World Economic Forum, in Davos, Switzerland. While Kurien didn’t identify the projects on hold, he said they were mostly those that hadn’t yet broken ground.

Indian stocks rose for a third day after Wipro, the third-biggest software exporter, reported profit that beat estimates and as crude oil traded in New York had its first weekly gain since November.

Wipro rallied the most in 18 months. Reliance Industries, owner of the world's largest refining complex, rose for a third day. Axis Bank jumped to a record. Hindustan Unilever tumbled the most since January 2011, after reporting the slowest sales growth in three quarters.

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