Water seepage around the water main pipe's underground entry hole thru concrete foundation
I'd shut off the water from the outside, remove that PVC repair sleeve and clean/scrape all the gunk off the wall and pipe. Clean out the space between the pipe and wall as good as possible. Then get some Wet patch or Siliconizer and meticulously fill the crack between the wall and pipe, compacting the filler as you go. Then apply a final coat over the wall area around the pipe. Install your repair sleeve or sweat a copper repair sleeve or Sharkbite connector and wait for rain.