Software giant Wipro today announced that Azim Premji will be retiring from the company on July-30. Premji currently serves as the executive chairman and MD of the IT company. Azim Premji will stay on as the non-executive director for a period of 5-years with effect from July-31, 2019. He has also been conferred the title of Founder Chairman of the Company, said the source.

Wipro Tuesday said it has developed a blockchain-based solution prototype, in partnership with enterprise software firm R3, that will power digital currency transactions for banks in Thailand. The prototype aims to enable digital currency for interbank settlements for a consortium consisting of the Bank of Thailand and eight commercial banks in Thailand, Wipro said in a regulatory filing.

Azim Premji, the billionaire chairman of Indian conglomerate Wipro Ltd., will give a further 34 percent of shares in the company worth $7.5 billion to support philanthropic activities, the most generous donation in Indian history. The shares held by entities controlled by Premji have been irrevocably renounced and earmarked to the Azim Premji Foundation, the foundation said in a statement.