MAM
IVM Podcasts launches ‘Smartphone Nation’
Mumbai: IVM Podcasts, a leading podcast network, is launching its first-ever documentary-style podcast called, ‘Smartphone Nation’ in partnership with Omidyar Network India, an investment firm focused on impact. The 26-episode series dives deep into the heart of India’s digital revolution, shining a spotlight on the ‘Next Half Billion’ (NHB) – the 500 million first-time internet users who have come online via their smartphones between 2018 and 2022. Smartphone Nation’ premieres on 15 September 2023, on the IVM Podcast Network.
Hosted by the dynamic duo of Utsav Mamoria, a market researcher and seasoned podcaster, and Niveditha Prakasam, a well-known comedian and writer, ‘Smartphone Nation’ features the voices of consumers, especially the NHB, entrepreneurs and investors. Available in English, Hindi and Tamil, Smartphone Nation paints a vivid picture of how pioneering startups are innovating for the Next Half Billion, and how this substantial population segment is reshaping India’s socio-economic landscape.
From education and healthcare to insurance and transport, the podcast explores game-changing initiatives that cater to the specific needs of these new internet users, providing them with an opportunity for social and economic mobility and to improve their lives.
IVM Podcasts- Pratilipi head Amit Doshi commented “’Smartphone Nation’ is not just about technology; it’s a celebration of human stories that are reshaping the contours of our nation. Through our partnership with Omidyar Network India, we’re giving voice to the experiences, challenges, and triumphs of entrepreneurs and first-time internet users, fostering a deeper understanding of India’s digital journey. It’s about bridging the gap between technology and human experiences, highlighting not just the digital revolution, but also the human spirit that propels it. As we delve into the narratives of the ‘next half billion’ and the startups driving this transformative wave, we hope to inspire, educate, and empower audiences across the country.”
Omidyar Network India director, marketing & communications Rohan Vyavaharkar said, “The Next Half Billion represent the bottom 60 per cent of India’s income distribution, but they also represent the hustle and ambition of India. Smartphone Nation is an opportunity to underline just how their lives are undergoing transformation due to technology. The show also brings out how the NHB is helping entrepreneurs understand better use of tech to build solutions specifically for them. We hope the show helps listeners appreciate just how much change is afoot on ground while also encouraging aspiring entrepreneurs the opportunity in innovating for the Next Half Billion.”
From the bustling urban centers to the heart of rural India, Smartphone Nation invites audiences to tune into this chronicle of a nation that is in the midst of a digital transformation. The podcast will be available on IVM Podcasts’ YouTube channel and all leading audio streaming platforms.
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.
