BANGALORE: Indian IT companies will be fiercely competing with MNCs for five big IT contracts in Australia valued at over A$2 billion (Rs 11,000 crore).

Infosys, Wipro, TCS and HCL Technologies are participating alongside IBM, HP and Capgemini in request for information (RFI) and request for proposal (RFP) for incremental IT outsourcing work coming from Sydney Water, Rio Tinto, Jetstar, Aurizon and Transport for NSW, said an Australian IT consultancy firm that did not want to be named.

Mumbai: When N. Chandrasekaran was named chief executive officer (CEO) and managing director (MD) of Tata Consultancy Services Ltd (TCS) five years ago, analysts and insiders started talking of the firm’s acronym being short for “Take Chandra Seriously”.

Chandrasekaran proved them so right that no one was surprised when India’s largest software services exporter last week appointed the marathon runner CEO and MD for a second five-year term effective 6 October. Given his track record, shareholder approval to the appointment seems to be a mere formality.

BANGALORE: Even as Rishad Premji spearheads Wipro's $100-million corporate venture arm that invests in startups, the central strategy office under him also functions like an in-house venture capitalist that funds ideas from within the company.

The strategy office runs what it calls the H2H3 (Horizon 2, Horizon 3) Investment Program to nurture ideas coming from various business units that have the potential to scale up over a two- or three-year timeframe and generate substantial revenues.

Bangalore-based information technology services major Wipro is looking to promote entrepreneurship within the organisation through a programme called Horizon Investment Programme. Under this, the central strategic office of Wipro, headed by the chief strategy officer Rishad Premji, invests in ideas that are mooted by business units or verticals in a venture capital (VC)-like fashion.Bangalore-based information technology services major Wipro is looking to promote entrepreneurship within the organisation through a programme called Horizon Investment Programme. Under this, the central strategic office of Wipro, headed by the chief strategy officer Rishad Premji, invests in ideas that are mooted by business units or verticals in a venture capital (VC)-like fashion.

Mumbai: Bangalore-based Wipro Ltd, India’s third largest software services exporter, has won a five-year contract with cigarette maker Philip Morris International Inc.

As a part of the agreement, Wipro will support a host of functions at Philip Morris, including management and support of its servers, storage, backup and applications infrastructure.

The start-up bug seems to have bitten large Indian information technology (IT) services companies.

Just a few weeks after a team from Wipro met and evaluated around 10 start-ups for a likely investment, Infosys, the country’s second largest IT services company, has also screened a handful of these. The idea was to explore an opportunity to either partner with or invest in.

Bangalore: India’s third-largest software services exporter Wipro Ltd is seeing a pickup in spending from top telecom and media clients in the US, and hopes to win at least 4-6 deals that may each generate between $50-$100 million in revenue annually.

“If we look at our deal flow, we will continue to win at least 4 to 6, $50 million- $100 million deals a year. And these are in our pipeline,” Ayan Mukerji, chief executive of Wipro’s media and telecom business, said in an interview on Monday.

Although the benchmark indices representing the bluechip and mid-cap space have sustained strong year to date gains this year, nearly half of the index members have underperformed these barometers.

In case of largecap indices — the fifty share Nifty and BSE 100 — that gained more than 26% in 2014, 45% of constituents have trailed the year to date gains reported by these respective indices.

MUMBAI: Bangalore-based IT firm Wipro expects to land bigger deals for solutions based on digital technologies like social, mobility, analytics and cloud, a sign that companies are willing to increase their spend on these discretionary areas.

"While our sweet spot is deals in the $2.5-3.5 million (Rs 15-21 crore) range, we are seeing deals worth $5-10 million (about Rs 30-60 crore) in the pipeline," Jeff Heenan-Jalil, global head of Wipro's advanced technology solutions unit said in an interview to ET.

Following the footsteps of some of its global peers, India's third largest information technology (IT) services company, Wipro, has set up a venture capital (VC) fund that will look at investing in early-to-middle stage technology start-ups globally.

According to highly-placed sources in the know, the initiative is being driven by Chief Strategy Officer Rishad Premji, also the elder son of Wipro chairman Azim Premji.

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