Wipro revenue drops 2.3% in June quarter

Wipro’s Q1 revenue saw a 2.3% decline in constant currency, staying within projected guidance. CEO Srini Pallia noted muted demand due to macro uncertainty, with clients prioritizing cost optimization and AI initiatives. Despite this, Wipro reported strong deal wins, reaching $5 billion, a 50.7% year-on-year increase.

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Trump signs law hiking tax on Harvard’s endowment income: Elite universities brace for financial hit

A new law, signed by former President Trump, significantly raises the endowment tax for wealthy private universities like Harvard, potentially costing them millions annually. This legislation, part of a broader conservative agenda, impacts financial aid, research, and global collaborations. Changes to student loans and increased lobbying efforts further complicate the landscape for higher education.

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