MAM
Seventh Edition of Legal Counsel Congress and Awards Receives Tremendous Response
MUMBAI: IDEX LEGAL, in association with Lex Witness, yesterday hosted the seventh edition of the Legal Counsel Congress Awards in Mumbai.
The IDEX LEGAL Awards marked the first day of the Legal Counsel Congress witnessing top names of the legal industry and felicitating the most meritocratic nominees.
While the first day played host to critical discussions and sessions lined up to offer solutions to business and legal challenges faced by In-house Counsels, the evening was marked by an awards night to celebrate the best in the legal space.
Chaired by Mysore Prasanna, Former General Counsel, Aditya Birla Group, the jury comprised of well known experts such as: Valerie Bowles, Independent Consultant, Rajesh Narang, Vice President Legal & Company Secretary, Mindtree Consulting; Suresh Kumar S, Senior Director – Legal, CRISIL; Saugata Chakravarty, General Counsel – South Asia, Siemens; Amitabh Lal Das, Senior Legal Director & General Counsel, Yahoo! India, to name a few.
While Trilegal bagged the Best Law Firm of the Year (Domestic), P&C Legal won the Best Start up of the Year (Domestic) and HP & Siemens jointly bagged the award for the Best Legal Department.
Mr. Vikas Vij, Managing Director, The Ideas Exchange said, “We at IDEX LEGAL are proud to again be hosting what is becoming recognized as the Indian legal industry’s most credible and integral awards. We’re consistently demonstrating through our independent jury’s critical decision making that it’s not who you are that matters but the quality of your submissions and work that matter most. The IDEX LEGAL award is that platform which gives every legal individual and company an opportunity to win base on merit and effort and we’re committed to the continual championing of that principle as we start planning for 2015 awards.”
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.
