Wipro - Current Affairs Questions and Answers

ANSWER: Wipro

Explanation:
Software major Wipro on Tuesday offered a new IoT-based solution for wind parks and wind turbine manufacturers.

This leverages the Hewlett Packard Enterprise (HPE) Windpark Manager 4.0.

The solution manages wind turbines and associated IT infrastructure, including IT applications and security aspects to optimise operational expenditure.

It will also generate new revenue streams and future-proof a customer's business.

This solution will deliver higher outputs of usable energy while making a positive environmental and societal impact.

Solution's robust scalable architecture reduces the operating cost of wind parks and boosts the efficiency of wind turbine operations.

It also provides a real-time, executive dashboard that displays key business and IT-related information on wind park operations.

The Windpark Manager 4.0 provides a unique application of HPE Operations Bridge software capabilities through the simplification and automation of IT operations.

It also offers real-time visibility to help executives make decisions faster.

Wipro: Know More

• CEO: Abidali Neemuchwala (since 1 Feb 2016)
• Founder: M.H. Hasham Premji
• Headquarters: Bengaluru
• Revenue: 7.735 billion USD (2016)

ANSWER: Chief Learning Officer

Explanation:
As per sources, Bhaduri will start his own executive coaching company.

• Bhaduri is the man behind Wipro initiatives like the global 100 program
• He created the pipeline using unconventional training methods like taking the IT major’s employees have been in Wipro for 7 years
• Bhaduri has worked with Wipro since 2009 and prior to that worked with Microsoft as their HR director
• Bhaduri has also worked with Pepsico, Colgate and Mudra communication. He brought to Wipro global coaches such as Ram Charan and innovation heads like Bill Fisher
• He also tied up with Wharton to groom future leaders for Wipro

ANSWER: Wipro

Explanation:
India’s third largest software services firm Wipro has invested a non disclosed amount in Israel based VC firm TLV Partners marking the first investment in the venture capital firm. This gives the outsourcing firm access to portfolio of early stage enterprises and security ventures in one of the most active startup ecosystems in the world.

• As per Wipro’s latest annual report, company invested in Tel Aviv based VC firm during 2015-2016
• According to the latest annual report, company has invested in the Tel Aviv based venture capital firm during 2015-2016
• TLV partners has a corpus of US $115 million and focuses on ventures in the cyber security, enterprise software and IoT according to CrunchBase.
• Wipro’s latest move underscores the enhanced importance of Israel enterprise software industry to India’s US $160 billion IT industry.
• In 2015, Israel automation tech firm Panaya was sold to Infosys for US $200 million
• StartUp Genome which ranks ecosystems across the world rated the city of Tel Aviv as the fifth best startup ecosystem in the world in 2015 coming after Silicon Valley, NYC, LA and Boston.

ANSWER: Schneider Electric

Explanation:
Wipro has announced a strategic partnership with Schneider Electric, a global specialist in automated systems and energy management to develop convergent solutions for Indian smart cities. The two companies have formed the partnership to deliver cost effective and efficient citizen services to urban and rural communities.

ANSWER: Patrick J. Ennis

Explanation:
Wipro has appointed technologist Patrick J Ennis as an independent director to its board. His appointment is effective, April 1. Through this move, Wipro will ramp up investments in startups and disruptive technologies. Ennis is part of the senior team that builds and runs an international open innovation network consisting of an invention community of more than 10,000 members. He has also worked with Bell Labs, AT&T and Lucent Technologies.

ANSWER: Wipro

Explanation:
Wipro is buying the US based insurance technology platform for USD 460 million or INR 3000 crore. This marks its 4th acquisition in the last half a year. This is its biggest acquisition since USD 600 million buyout of US data centre provider Infocrossing in the year 2007. HealthPlan Services was founded in the 1970s and headquartered in Florida. It is owned by Water Street Healthcare Partners, a PE firm associated with the healthcare industry. Water Street all be fully purchased by Wipro. HealthPlan services provide technology platforms and business process as a service solutions to healthcare insurance firms. It is the largest US independent provider of sales, retention, reform and technology solutions to insurance companies. This is the 4th acquisition of Wipro in less than 6 months as it had made the following purchases during this period of time:
DesignIt: Denmark based firm
Cellent - German IT consulting firms
Viteous Group: New Jersey based BPaaS provider

ANSWER: Both a and b

Explanation:
Following its massive organisational reshuffle within the past 5 years, this largest software exporter Wipro has included recently promoted executives such as Anil Jain and Ankur Prakash for the highest decision making body of the company, its executive committee. This committee has 17 top execs who now report mostly to CEO A. Neemuchwala. Following the exit of company veterans Sangita Singh and Mukerji, Hain and Prakash have been elevated. Wipro also elevated Rishad Premji to the committee in the past year.

ANSWER: Bhanumurthy BM

Explanation:
After the elevation of COO Abidali Neemuchwala as CEO Wipro has appointed new COO Bhanumurthy BM. He was earlier president and chief executive of the business application series, beating three other presidents in Wipro for the post. BAS business headed by Bhanumurthy contributes 47% of revenue. Within the new role, all service lines will be reporting to him. Meanwhile GK Prasanna, president and CEO of Global Infrastructure Services has been made president of newly created Marketing, Innovations and Technology/MIT. The freshly carved digital business will be headed by Rajan Kohl while business outcome services led by Anurag Srivastava will be mentored by Kurien over next few months.

ANSWER: Abidali Z. Neemuchwala

Explanation:
Wipro appoints T. K. Kurien as executive vice chairman and Abidali Z. Neemuchwala as the CEO and member of the company board and both appointments are effective w.e.f February 1st, 2016. Kurien will complete his 5 year tenure as CEO in January. He has restructured Wipro and made major efforts to energise it. The third largest IT services company has a lot of catching up to do with rivals.

ANSWER: Sangita Singh

Explanation:
Wipro healthcare and life sciences CEO Sangita Singh has quit following 23 years of service with the company. She is one of the senior most leaders in the IT industry and has resigned at a very high level. Global health of life sciences and healthcare strategic business units will now be taken over by senior VP J. Heenan-Jalil. Healthcare and life sciences constitutes 11.4% of USD 7.6 billion which forms the firm’s top line.