MAM
Mindshare leads Media Abby Awards metal tally; Bennett, Coleman & Co. leads publisher category
GOA: If women empowering the Republic Day parade saw a revolution in the Indian armed forces, women representation during the Abby Awards of the 10th Goa fest was a supreme encouragement. There were more women creative minds representing agencies when compared to men.
In a flamboyant evening of joy and happiness in Goa, the Abby award winners for Publisher and Media category were announced. The awards were distributed by eminent personalities like Madison World chairman Sam Bhalsara, Group M South Asia CEO CVL Srinivas, Goa Fest Jury chairman Pratap Bose, Dentsu Aegis chairman India and CEO South Asia Ashish Bhasin, Times Network CEO MK Anand and Lodestar Universal India CEO Shashi Sinha.
Speaking about the competition and entries in the 2015 edition of the Goa Fest, Bose said, “The number of entries has increased to 674 compared to 619 last year in the media category. Entries this year have been highest when compared to any edition of the festival. The decision was taken after four days of detailed analysis by dignitaries from respective countries. The Publisher award started last year, saw 62 entries, which is exactly the same as 2014. This sector needs to improve.”
Apart from India, entries were accepted from Sri Lanka, Bangladesh and Pakistan and when asked if there was a possibility of expanding it beyond the Asian sub-continent, Bose said, “Not in near future! There is no plan of further expansion as the beauty is that these are Indian awards judged by Indian dignitaries, who understand the market for the agency that they work for.”
He added, “There is no such difference in quality of work compared to last year and there is no trend or platform emerging as dominant. The work has been as versatile as it was. Winners from Sri Lanka and Bangladesh signify that international entries have been commendable, which is a huge encouragement.”
Media metals tally is lead by Mindshare with a total of 11 metals, followed by Madison Media with 10. Out of the 74 distributed metals, there were 12 Golds, 23 Silvers and 39 Bronze awards.
Click Here for the winners list:
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.
