Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Tariffs put Wipro revival at risk
Mint Mumbai
|April 18, 2025
Wipro Ltd's turnaround plan could be jeopardized by Trump's tariffs. The objective of the IT company's revamped strategy was to boost its revenue trajectory that has been lagging that of larger peers. So, in the past year, Wipro has taken several corrective steps under new CEO Srinivas Pallia.
But even before trade tariffs, the IT sector faced concerns around clients' discretionary spending. Now, the demand scenario has become tougher to predict. Wipro is feared to feel more heat than other tier-1 peers because of a higher exposure to discretionary services after acquiring consulting firms Capco and Rizing.
Following the muted March quarter (Q4FY25) results, the management said client spends deteriorated toward the end of Q4, and June quarter (QIFY26) could see further impact. Tariff-led macro uncertainty is weighing on the demand in verticals such as consumer and manufacturing, resulting in a pause of certain large transformation projects, it said.
This story is from the April 18, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
IDFC First vets papers in alleged fraud case
IDFC First Bank is investigating if the documents at the centre of an alleged ₹590 crore fraud at its Chandigarh branch were genuine or forged, two people familiar with the matter said, even as it has suspended four officials and prepares a forensic audit.
2 mins
February 23, 2026
Mint Mumbai
WHY HEALTHIFY IS GOING BEYOND CALORIE COUNTS
With diabetes drugs transforming the weight-loss market, the company is recalibrating its model
8 mins
February 23, 2026
Mint Mumbai
C-suite sees rise of the consultant CEO
The corner offices of India Inc. are increasingly occupied by a new breed of executives: the strategic consultant.
2 mins
February 23, 2026
Mint Mumbai
Centre prepares to merge tax, financial accounting regimes
India is preparing to merge its diverging tax and financial reporting frameworks into a unified system, two people aware of discussions said, in a move aimed at dismantling one of the most cumbersome hurdles for corporate India.
3 mins
February 23, 2026
Mint Mumbai
Mahagun strikes creditor settlement
The National Company Law Appellate ‘Tribunal (NCLAT) has directed the withdrawal of insolvency proceedings against realty firm Mahagun alter it has arrived at a settlement with its financial creditor.
1 min
February 23, 2026
Mint Mumbai
CEOs return to tariff war rooms
For a few minutes after the Supreme Court struck down President Trump's signature tariffs Friday, Ethan Allen Chief Executive Farooq Kathwari felt a jolt of relief.
4 mins
February 23, 2026
Mint Mumbai
Addiction case: Your child's problem isn't social media
A few months ago when the editor of Rahul Pandita’s debut novel asked me for a blurb, I wrote that his book was “addictive”.
4 mins
February 23, 2026
Mint Mumbai
Cargo ships are being carried by electric currents at long last
Small trade vessels are being electrified to cut costs and emissions
3 mins
February 23, 2026
Mint Mumbai
'Advocacy, storytelling are the cornerstones of our marketing'
In India’s tourism boom, Australia has rapidly climbed the ranks as a preferred destination for premium Indian travellers.
2 mins
February 23, 2026
Mint Mumbai
Israeli airstrikes in eastern Lebanon kill 8 militants
Israeli airstrikes on eastern Lebanon killed eight members of the militant Hezbollah group, including several local officials, two officials with the group said Saturday.
1 min
February 23, 2026
Listen
Translate
Change font size