MAM
Xaxis launches programmatic media commerce solution Discovery Commerce
Mumbai: GroupM’s outcome media specialist, Xaxis, has launched a new programmatic media commerce solution in India called Discovery Commerce. This helps brands and advertisers navigate the evolving programmatic media commerce ecosystem and drives stronger outcomes from their media investments.
Discovery Commerce enables advertisers to utilise data signals specifically around product adoptions, search patterns, and purchase patterns, then integrate additional advertising strategies that help drive sales, build brands, and engage customers on e-commerce platforms or brand-owned sites.
Powered by Xaxis’ programmatic excellence, strong global partnerships, proprietary technology, and tailored data touchpoints, the solution creates a holistic approach to e-commerce performance, driving consumers towards purchase across various platforms and points of sale. Subsequently, the data and insights gathered from the various touchpoints will be used as benchmarks to inform future campaigns and audience planning.
Xaxis has already onboarded multiple partners into Discovery Commerce, with specialised capabilities around data, inventory, technology, and creativity, including key partnerships with Shopalyst and Flipkart.
Flipkart VP monetisation Sankalp Mehrotra said, “Commerce advertising today continues to grow faster than any digital channel. Over the years, Flipkart Ads has created solutions that are disruptive, unique, and scalable. Our partnership with Xaxis will unlock the next stage of exponential growth for brands of all sizes. Consumers will benefit from seeing communication that has higher relevance and a more seamless purchase journey.”
In addition to driving stronger e-commerce performance and building benchmarks for future campaigns, Discovery Commerce helps brands better understand consumer behaviours and create more accurate target audiences by connecting online and offline data points. It can reach multiple online environments, premium publishers, leading marketplaces, and shoppable media ad formats, offering a simplified and consolidated service that unites previously siloed consumer data points.
Shopalyst co-founder Girish Ramachandra said, “We are happy to partner with Xaxis. With Xaxis’ Discovery Commerce solution, brands can make their ads instantly shoppable and help drive impressions to conversions in one seamless journey for consumers.”
One way Discovery Commerce uses that data to elevate brand outcomes is through the use of Shoppable Media, a solution powered by Xaxis’ in-house creative and execution shop, Xaxis Creative Studios (XCS). XCS leverages AI to understand real-time consumer behaviours on retailer websites and applies dynamic creative optimisation with data-driven product recommendations based on validated customer preferences. It provides a more convenient way for shoppers to add branded products to their preferred retailer’s basket, removing the need to remember the brand when they are online or in-store. It also significantly shortens the shopping journey for consumers, enabling them to browse, compare, and complete the order without leaving the ad.
GroupM India president – data, performance and digital products Atique Kazi said, “We believe there could not be a more exciting time to launch this solution as there are so many opportunities for brands and advertisers to capitalise on e-commerce platform growth. From consistent datasets to campaign measurement and optimisation knowhow, there’s various key ingredients when it comes to doing e-commerce advertising right. We are delighted to be working with the likes of Shopalyst and Flipkart – further combined with the behavioural data segments from other partners, we can give our clients a deep understanding of how to leverage data to secure better outcomes.”
Brands
Wipro hires 7,500 freshers, withholds FY27 hiring outlook
Profit rises to Rs 3,522 crore, Rs 15,000 crore buyback announced.
MUMBAI- Hiring may be on, but visibility is off, Wipro is adding talent even as it pauses the crystal ball. The company hired 7,500 freshers in FY26 but stopped short of offering any hiring outlook for FY27, underscoring the uncertainty gripping the IT services sector as it pivots towards an AI-led operating model.
The disclosure came alongside its fourth-quarter earnings, where management flagged volatile demand conditions and refrained from committing to future workforce expansion. Chief human resources officer Saurabh Govil noted that over 3,000 of the total hires were onboarded in the March quarter alone, signalling continued intake despite a lack of clarity on deployment pipelines.
This divergence active hiring without forward guidance reflects a broader industry pattern where talent acquisition continues even as deal conversions remain uneven and client spending cycles stretch. Wipro expects its IT services revenue for the June quarter to range between a decline of 2 per cent and flat growth sequentially in constant currency terms, reinforcing near-term caution.
Chief executive officer Srini Pallia pointed to artificial intelligence as both a disruptor and an opportunity. He said evolving client priorities are pushing the company towards outcome-driven engagements, with Wipro increasingly focusing on a services-as-software model through its AI Native Business and Platforms unit. The shift marks a structural change from traditional headcount-led growth to AI-enabled delivery frameworks.
The company has already committed over $1 billion to its AI ecosystem, with investors closely watching how these investments translate into revenue. For now, the numbers present a mixed picture. Net profit rose sequentially to Rs 3,522 crore, while revenue grew 3 per cent to Rs 24,236 crore. However, core IT services performance remained under pressure, with full-year revenue declining 0.3 per cent in dollar terms and 1.6 per cent in constant currency.
Large deal bookings offered a counterpoint, rising 45.4 per cent year-on-year to $7.8 billion, highlighting a widening gap between deal wins and actual revenue realisation. On a quarterly basis, IT services revenue slipped 1.2 per cent sequentially, signalling continued softness in execution.
Margins, however, told a more optimistic story. Operating margins expanded to 17.3 per cent in the fourth quarter, up from 14.8 per cent in the previous quarter, reflecting improved cost discipline. That said, the company cautioned that upcoming wage hikes and the ramp-up of large deals could exert pressure going forward.
Attrition stood at 13.8 per cent in the March quarter, indicating stabilisation after periods of elevated churn. Alongside its earnings, Wipro also announced a Rs 15,000 crore share buyback, reinforcing its focus on shareholder returns, with a payout ratio of 88 per cent over the past three years.
Taken together, the numbers capture a company in transition investing in AI, maintaining hiring momentum, but navigating a demand environment where growth is uneven and visibility remains limited.
