IT services major Wipro has fixed June 5 as the record date for its Rs 15,000 crore share buyback, with analysts suggesting investors to consider buying shares of the company to participate in the corporate action.

Wipro has set the buyback price at Rs 250 per share, implying a premium of 23% over the stock’s previous closing price of Rs 203.11 apiece on NSE. This would mark the IT major’s first buyback in nearly three years.

Also Read | Wipro fixes June 5 as record date for Rs 15,000 crore share buyback at Rs 250 apiece

Key things to know about Wipro’s share buyback

Wipro board in April approved the plan to buy back up to 60 crore shares, representing 5.7% of the total paid-up share capital, for an aggregate amount not exceeding Rs 15,000 crore. The buyback will be done via the tender route, and all shareholders who hold shares of the company in their demat accounts on the record date, including those who received the equity shares after cancelling their American Depository Receipts (ADR), will be eligible to take part in the corporate action.

The IT firm’s promoters and promoter groups have indicated their intention to participate in the proposed buyback. Other details including the buyback window and entitlement ratio will be announced later.
Buyback of shares refers to a corporate action where a company repurchases its own shares from the existing shareholders. Usually, the company purchases the shares at a higher price than the current levels, encouraging investors to participate. Typically, a company decides to buy back its shares in order to increase share value, utilise surplus cash, prevent hostile takeovers or increase promoter holdings.

Should retail investors participate in Wipro’s share buyback?

Market regulator Sebi has mandated that 15% of a buyback’s total offer size must be reserved for small shareholders. From Wipro’s context, this means that around 9 crore shares worth Rs 2,250 crore at the buyback price will be reserved for small shareholders holding shares worth up to Rs 2 lakh on the record date.

The minimum acceptance ratio, often termed as the entitlement ratio, for retail investors is expected to be around 30.8% while the same for the general category is expected to be 5%, according to Motilal Oswal Wealth Management’s calculations based on the company’s shareholding pattern as on March 31, 2025.

Based on Wipro’s FY25 shareholding pattern, the brokerage said that the entitlement ratio for retail investors might get lower as retail participation can increase closer to the record date. However, given that the eligibility for the retail portion of Wipro’s buyback is just 800 shares, which is only about 16% of the 5,000 shares (lowest data point of shareholding as per last annual report), the firm expects the actual acceptance ratio to be high.

Also Read | Wipro share buyback: Should retail investors participate? Here’s what analysts say

“Retail investors looking for short-term opportunities can buy the shares of Wipro. Based on the last two buybacks of Wipro and very low retail shareholding, we expect the acceptance ratio to remain high in the range of 50-60% which could give a potential return of 11-13% (pre-tax) with a time frame of 2-3 months,” the wealth management company added.

“Overall, we view Wipro’s buyback as a tactical opportunity rather than a guaranteed arbitrage. The risk-reward appears balanced, with limited downside and attractive upside in favourable participation scenarios. We recommend selective participation, as outcomes remain contingent on acceptance dynamics,” SAMCO Securities said.

Also Read | How Wipro’s Rs 15,000 crore share buyback offer can give double-digit returns

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Europe’s social media landscape is undergoing a quiet revolution. After more than a decade of polished influencer culture, algorithmic homogenization, and engagement-maximising feeds, audiences are pushing back.

A widespread social media trust crisis, paired with growing algorithm fatigue, is reshaping how independent creators and everyday users define value online.

At the centre of this shift sits a new generation of platforms that prioritise honesty over hype, with Hacoo emerging as one of the most distinctive players reshaping the European creator economy.

The End of the Polished Feed

For years, the dominant social media model has rewarded perfection: highly curated visuals, glowing endorsements, and identical aesthetics replicated across millions of accounts.

The result is what industry analysts increasingly describe as algorithmic echo chambers, environments where authentic voices are drowned out by sponsored uniformity.

Audiences, particularly Gen Z and younger Millennials across the UK, France, and Germany, are responding by actively seeking out platforms where real opinions, including critical ones, are allowed to surface.

This is the gap Hacoo is positioning itself to fill.

A Dual-Layer Community Built on Radical Transparency

Hacoo operates as an authentic lifestyle community where users openly share real-life experiences, recommendations, and honest feedback after trying things themselves. Its architecture distinguishes between two distinct participation tiers, creating a sustainable structure for both casual contribution and professional creator work.

The first layer consists of everyday users who share genuine lifestyle inspiration freely, without commercial incentive. The second layer is built around Affiliate Partners, independent creators who are empowered to monetise their authentic recommendations through transparent tools and a formal affiliate program.

This dual-layer design avoids a common pitfall of modern platforms, where every voice is implicitly commercialised, eroding audience trust over time.

The guiding philosophy is what Hacoo calls “Unfiltered Reality”, an explicit rejection of over-edited, fake perfection. The community is encouraged to embrace honest, critical, and even imperfect feedback rather than the polished promotional content typical of legacy influencer ecosystems.

The Technology Behind Independent Income

What separates Hacoo’s discovery ecosystem from earlier creator platforms is the operational depth provided to its partners.

Independent creators on Hacoo are equipped with Smart Resource Matching, a system that pairs creators with relevant content opportunities based on demonstrated expertise and audience alignment, alongside exclusive tracking links that give creators crystal-clear backend insights into content reach and authentic engagement.

Rather than treating affiliates as informal promoters, Hacoo treats them as professional partners with access to structured analytics, performance dashboards, and transparent attribution data.

This level of operational transparency is rapidly becoming a baseline expectation in Europe’s maturing creator economy.

The “Critical Feedback” Algorithm: Rewarding Authenticity

Perhaps the most counter-intuitive element of Hacoo’s model is its monetisation logic. The platform’s algorithm actively rewards creators who provide honest, critical feedback, even when they point out practical flaws or limitations.

The premise is straightforward: Hacoo’s affiliate model provides commissions to creators who drive genuine value through transparent recommendations, rather than incentivizing fake glowing praise.

This inversion of the traditional influencer incentive structure is deliberate. By financially aligning creators with audience interests rather than purely promotional incentives, Hacoo strives to build a feed where critical feedback carries as much commercial weight as enthusiastic recommendations, a meaningful departure from the engagement-bait dynamics that have defined the previous era of social platforms.

Answering the Trust Question: Governance as a Strategic Moat

When audiences search for “Hacoo reviews” or ask “Is Hacoo legit”, they are rarely looking for corporate promises. They are testing whether the platform’s positioning holds up under scrutiny.

Hacoo’s response is to lean into governance rather than marketing slogans, offering what it describes as a safe discovery experience underpinned by strict, enforceable community standards.

The platform operates a “Zero Tolerance” policy approach against deceptive content, malicious redirects, and inauthentic engagement.

Enforcement is structured through a Progressive Penalty System, a clearly defined ladder of consequences for policy violations that escalates from content removal and reach restriction, through temporary suspension, and culminating in permanent account deactivation and partnership termination for repeat or severe offenders.

This governance-first stance is designed to function as a strategic moat. In a market saturated with platforms that treat moderation as a cost centre, Hacoo positions content integrity as a core product feature, one that it heavily invests in mitigating risks around rather than merely reacting to them after damage is done.

A Different Model for Europe’s Next Creator Decade

The broader takeaway for European business observers is that the creator economy is bifurcating. On one side sit platforms optimised purely for scale and surface-level engagement metrics; on the other, platforms like Hacoo are betting that radical transparency, professional creator infrastructure, and disciplined governance will define the next decade of growth.

For independent partners seeking a structured environment to build durable audiences, and for users tired of curated perfection, Hacoo’s positioning represents a deliberate move beyond algorithmic echo chambers, toward a model that is more honest, more accountable, and more aligned with how European audiences actually want to discover lifestyle ideas, creators, and communities online.

“Private money” sounds like an oxymoron. Surely the currency on which our economy runs is the epitome of a public good?

In fact, the U.S. has had private money before, in the 1800s. And private money is now making a comeback, in the form of stablecoins: cryptocurrencies intended to maintain a fixed value against the dollar.

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As social media buzz around Prime Minister Narendra Modi’s ‘Melody’ gift to Italian counterpart Giorgia Meloni continues, investors appear to be sweetening the wrong stock. Shares of infrastructure and real estate firm Parle Industries hit the 5% upper circuit for the fourth straight session on Monday, amid possible confusion with the unlisted FMCG giant Parle Products.

During his recent visit to Italy, PM Modi gifted a bag of ‘Melody’ candies to his Italian peer. The Italian PM shared a video of their interaction on social media, which has now gone viral, over the gifting of candies that suggest a fun play on both the Prime Ministers’ surnames. In the video, she described it as a “very, very good toffee.”

Mumbai-based Parle Industries is associated with developing infrastructure and real estate projects, along with managing paper waste recycling operations. The company has no connection with its namesake Parle Products, which makes the popular Parle-G biscuits and other products, including the melody toffee.Parle Products is one of India’s oldest consumer goods companies. Capitalising on the moment, Parle Products shared the video on Instagram with the caption, “Sweetening relationships since 1983.”

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In an interview with CNBC-TV18, Parle Products Vice President Mayank Shah said that Melody is already exported and available in 100 countries. He added that PM Modi’s gesture was a nice way of pushing Indian products and giving a global stage. The company expects “a lot of traction in domestic and international sales” following the viral moment, Shah further said.
The Melody moment also came at a time when there were speculations that Parle Products was in early-stage talks for a potential initial public offering. Modi’s Meloni gift could have been a great global roadshow before aiming for D-Street entry. However, Parle Products management told CNBC-TV18 that it is not considering listing on exchanges right now.

Parle Industries share price

Parle Industries shares have surged more than 21% since the viral ‘Melody’ moment. The shares jumped 5% to hit the upper circuit for the fourth consecutive session at Rs 6.06 apiece on Monday.The company currently has a market capitalisation of nearly Rs 30 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Britain’s pitch as the most reliable address in European real estate has taken a knock.

Foreign investors, the lifeblood of the country’s commercial property market for much of the last decade, deployed just £3.6 billion into UK bricks and mortar between January and March, according to figures from industry body Real Estate:UK and analytics group CoStar — a 30 per cent slump on the £5.2 billion booked in the same period a year earlier.

Including domestic buyers, total UK commercial property investment limped in at £9.7 billion for the quarter, almost 40 per cent below the five-year average. It is the kind of read-across that should give the Treasury pause: when the overseas money that quietly underwrites office redevelopment, logistics sheds, healthcare facilities and the build-to-rent pipeline thins out, smaller occupier businesses are the ones left navigating tired stock, stalled refurbishments and shrinking landlord investment in their premises.

A regulatory pile-on, not a market verdict

What is striking about the figures, published in the joint Real Estate:UK and CoStar quarterly update, is that the slowdown took hold before the war in Iran rattled markets. The report points the finger squarely at the cumulative weight of regulation rather than any fundamental loss of faith in UK plc.

Planning continues to grind. The Building Safety Regulator’s processing of higher-risk schemes, although showing some signs of improvement in the most recent government data — has lengthened development timetables and bled costs into project budgets. Layered on top, the report cites the “sudden and untrailed” statutory ban on upward-only rent reviews, the delayed homes penalty proposal, the forthcoming building safety levy and the wholesale reorganisation of English local government as a quartet of policy shifts that, taken together, add cost, uncertainty and time to almost every deal that crosses an investment committee’s desk.

For an overseas pension fund or insurer weighing up whether to buy a tired 1980s office block, knock it down and put up a modern, net-zero replacement, that arithmetic increasingly fails to add up. The same is true of refurbishment plays, the value-add strategies that have powered much of the recovery in regional cities. Capital that once flowed in by default now sits in the in-tray.

The view from UK boardrooms

The frustration is not confined to the foreign-exchange dealing rooms of Manhattan and Munich. UK-listed property companies and housebuilders have been sounding the same alarm. Great Portland Estates, one of the most respected names in West End offices, recently turned to its shareholders for £350 million to capitalise on a stuttering market it argues is being held back by a planning system that has effectively ground London office development to a halt.

Housebuilders tell a similar story. Berkeley, Barratt Redrow and their peers have slowed expansion plans as viability calculations buckle under the weight of compliance costs. Barratt Redrow, the country’s biggest housebuilder, has already cut £200 million from its land buying budget, citing the war in Iran on top of an already cooler outlook. The broader construction sector reflects the strain, with activity slumping to its weakest level since the Covid lockdowns as housebuilding output retreated.

For Britain’s small and medium-sized businesses, these are not abstract numbers. Fewer cranes mean fewer industrial units coming forward for growing manufacturers; stalled office refurbishments mean SMEs continue to occupy poorly performing buildings with higher energy bills; and slower housebuilding tightens the labour market in regions where workers cannot afford to move.

From record year to flat patch

The Q1 wobble is doubly jarring because it follows what had been a banner 2025. Foreign inflows into UK commercial property rose 33 per cent last year to £27.2 billion, the fourth-strongest year on record. American capital did most of the heavy lifting, deploying £18.2 billion, more than half of which went into healthcare property, including Welltower’s eye-catching £5.2 billion purchase of a care home portfolio previously owned by Irish horse racing magnates JP McManus, John Magnier, and Celtic FC’s largest shareholder Dermot Desmond.

That tide is now visibly going out. US inflows have “eased significantly” in the opening months of 2026, the report notes. “Sterling’s appreciation against the dollar may also be eroding some of the pricing advantage that helped drive exceptionally strong US investment into UK real estate during 2025,” said Melanie Leech, interim chief executive of Real Estate:UK.

A stronger pound is, in normal times, a reasonable problem to have. Combined with regulatory drag and geopolitical anxiety, however, it has become one variable too many.

What it means for SMEs

The temptation in Westminster will be to treat this as a story about big institutional money. That would be a mistake. Commercial property investment is the plumbing that keeps the rest of the economy moving, the warehouses growing e-commerce firms expand into, the small office floors marketing agencies upgrade to, the GP surgeries and care homes communities rely on.

When that plumbing seizes up, SMEs feel it in higher rents on a shrinking pool of good-quality stock, longer waits for new units to come to market and patchier service from cash-strapped landlords. The Real Estate:UK report makes clear the industry’s view that the cumulative impact of recent regulatory change, however well-intentioned each measure may be individually, is now actively deterring capital that Britain badly needs.

With Iran’s conflict expected to weigh further on deal flow into the summer, the onus is on ministers to ensure that the next set of figures does not read as the start of a trend rather than a blip. For business owners up and down the country, the message from the data is uncomfortably simple: if Britain wants the investment, it will have to make the country easier to invest in.

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NEW YORK — Memorial Day 2026 falls on Monday, May 25, with most federal offices, banks and the stock market closed while many retailers, grocery stores and restaurants remain open for business.

The holiday, observed on the last Monday in May, honors U.S. service members who died in military service. It is a federal holiday, meaning government offices, including the U.S. Postal Service for retail transactions, will not operate. Mail delivery will be suspended nationwide.

Federal Services and Mail

The U.S. Postal Service will not deliver mail or offer retail services on Memorial Day. Post offices will be closed for transactions, though some self-service kiosks may remain accessible for package drop-offs in limited locations. Customers are advised to check usps.com for specific branch details.

UPS and FedEx will suspend standard pickup and delivery services. UPS Store locations may be closed, and FedEx Office hours will be modified. Customers should confirm with local branches before visiting.

Banking and Financial Markets

Most bank branches will be closed on May 25. Consumers should check with their specific financial institutions for any limited hours or online services that remain available. ATM access and digital banking will continue uninterrupted.

The New York Stock Exchange and Nasdaq will be closed in observance of the holiday. The U.S. bond market closed early at 2 p.m. ET on Friday, May 22, and will remain closed on Memorial Day, according to the Securities Industry and Financial Markets Association.

Retail and Shopping

Major retailers are expected to operate with normal or extended hours. Walmart, Target, Costco and Sam’s Club stores will be open across most locations, though some may adjust hours slightly. Grocery chains including Kroger, Publix and Whole Foods Market plan to remain open.

Home improvement stores such as Home Depot and Lowe’s will welcome shoppers. Many malls and shopping centers will conduct business as usual. Online retailers including Amazon will process orders without interruption, though same-day delivery options may be limited in some areas.

Restaurants and Dining

Restaurant chains will largely remain open. Fast-food outlets such as McDonald’s, Starbucks and Chick-fil-A will operate with standard hours, though some locations may close early or open later. Casual dining restaurants including Applebee’s, Olive Garden and Chili’s plan to serve customers.

Fine dining establishments and local eateries may vary. Consumers are encouraged to check individual restaurant websites or call ahead to confirm hours.

Government and Public Services

Federal government offices will be closed. National parks and monuments will remain open to visitors but with limited staffing. Some state and local government services may operate on reduced schedules.

Public transportation systems in major cities will run on holiday schedules. Amtrak and many commuter rail services will operate with modified timetables. Airport security and airline operations will continue normally, though travelers should anticipate potential delays due to holiday travel volume.

Travel and Recreation

Memorial Day weekend traditionally marks the unofficial start of summer. Gas prices are expected to remain stable, with AAA reporting average national prices around recent levels. Road travel is projected to be heavy as families head to beaches, lakes and outdoor destinations.

National parks, beaches and recreational areas will see increased visitation. Local authorities in popular destinations have urged caution with water safety and fire prevention measures.

Historical Context

Memorial Day, originally known as Decoration Day, dates back to the 1860s following the Civil War. It became a federal holiday in 1971. The day is marked by parades, cemetery visits and moments of remembrance across the country.

This year’s observance comes as the nation continues to honor service members. The Department of Veterans Affairs has encouraged Americans to participate in local events and reflection activities.

Consumer Advice

Shoppers planning errands on Memorial Day should verify hours with specific stores, as policies can vary by location. Many retailers offer holiday sales and promotions. Online shopping provides an alternative for those preferring to avoid crowds.

For essential services, digital options such as mobile banking, online grocery ordering and contactless delivery remain available. Gas stations and pharmacies are expected to operate normally.