City Union Bank has set June 12 as the record date for its bonus issue in the ratio of 1:3, making today, June 11, the last day for interested investors to buy the bank’s shares to qualify for the bonus shares.

Only shareholders who hold City Union Bank shares in their demat accounts as of Friday will be eligible to receive the bonus shares. Due to SEBI’s T+1 settlement norm, investors must purchase the company’s shares at least one trading day before the record date so they are credited to their demat accounts by that date and qualify for the corporate action. This effectively makes today the final day for investors to buy the shares to be eligible for the bonus issue.

All about City Union Bank’s bonus issue

City Union Bank announced a 1:3 bonus issue in April, meaning eligible shareholders will receive one equity share for every three fully paid-up equity shares held in their demat accounts as on the record date.

The bonus shares will be issued using nearly Rs 25 crore from the lender’s securities premium account, whose balance stood at more than Rs 940 crore on March 31, 2026. Later in May, City Union Bank fixed June 12 as the record date to determine the eligibility of shareholders for the bonus shares.

Notably, this marks the first bonus issue announced by the lender in eight years, since a 1:10 bonus issue in 2018. A bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health and growth prospects. While the issue of bonus shares increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and affordability, allowing more investors to add shares of the company to their portfolio.

Also read: How Sensex, Nifty rallied 200% under PM Modi’s record-breaking tenure

City Union Bank share price

City Union Bank shares have gained 2% in one week, but declined 3% in one month. Shares of the company have fallen over 12% in 2026 so far. In the longer term, they’ve gained 23% in one year, 104% in three years, and 52% in five years.

The bank reported a 25% year-on-year rise in net profit to Rs 359.56 crore for the fourth quarter of FY26, up from Rs 287.96 crore reported in the corresponding quarter of the previous financial year. Its net interest income (NII), meanwhile, increased around 31% YoY to Rs 785.83 crore during the quarter under review.
Also read: Wipro’s Rs 15,000 crore buyback opens; 10 key things to know before tendering shares
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

NEW YORK — The New York Times Connections puzzle for Thursday, June 11, 2026, delivered its 1,096th edition with four increasingly challenging word groups that tested players’ associative thinking and cultural knowledge. The daily game, which groups 16 words into four themed categories of four, continues to attract millions of solvers seeking a stimulating mental break.

Connections, launched alongside Wordle in the Times’ games portfolio, has become a morning staple for many. Puzzle No. 1096 featured a balanced mix of straightforward and more obscure connections, earning praise for its clever construction while remaining accessible to regular players.

Today’s Solution and Categories

The four groups in Connections No. 1096 were:

• Yellow (Easiest): Music Genres — JAZZ, POP, ROCK, RAP
• Green: Severe Weather Events — HURRICANE, TORNADO, BLIZZARD, TYPHOON
• Blue: Famous Movie Directors — SPIELBERG, SCORSESE, NOLAN, TARANTINO
• Purple (Hardest): Words That Can Precede “Apple” — BIG, CANDY, CARAMEL, PINE

Solvers who identified the music genres and weather events early gained momentum, while the purple category — requiring lateral thinking about compound phrases — proved the trickiest for many. The progression from yellow to purple followed the game’s standard difficulty curve, rewarding systematic elimination and creative associations.

How Players Approached the Puzzle

Most players began by scanning for obvious clusters. The yellow category of music genres was frequently spotted first, providing an accessible entry point. The green weather events group required noticing natural disaster terminology, which many associated through shared experiences or news exposure.

The blue category of renowned film directors tested pop culture knowledge, with players often connecting through cinematic history. The purple category demanded the biggest cognitive leap, linking words that form common phrases with “apple.”

Community forums noted the puzzle’s satisfying balance — challenging enough to feel rewarding but not frustratingly obscure. Average solve times hovered around 4-6 attempts, with many sharing colored grids on social media to compare results with friends.

Game Mechanics and Popularity

Connections presents 16 words that must be sorted into four groups of four based on shared themes. Mistakes reduce available attempts, adding gentle pressure. The color-coded difficulty system — yellow easiest, purple hardest — helps players track progress and encourages strategic thinking.

Since its debut, the game has joined Wordle as a daily habit for puzzle enthusiasts. Its social aspect, with shareable results grids, builds community and friendly competition. The New York Times regularly refreshes its games portfolio based on player feedback while preserving the core appeal of clever wordplay.

Educational and Cognitive Benefits

Educators and cognitive scientists highlight Connections’ value in enhancing pattern recognition, vocabulary, and flexible thinking. The June 11 puzzle touched on music, meteorology, cinema and idiomatic language, offering multifaceted mental stimulation suitable for various age groups.

The game’s accessibility — requiring only a web browser or app — contributes to its broad demographic reach. Many families and workplaces incorporate it into morning routines, fostering discussion and shared accomplishment.

Companion Puzzles and NYT Ecosystem

On the same day, players could tackle Wordle No. 1818 (solution: TESTY) alongside Connections, creating a complete morning puzzle suite. Other offerings like Spelling Bee, Mini Crossword and Letter Boxed provide additional challenges for enthusiasts seeking variety.

The Times continues refining its games, incorporating seasonal themes and player-suggested improvements without disrupting the fundamental experience. Companion articles offer hints, discussions and post-solve analysis, deepening engagement for dedicated solvers.

Strategies for Success

Veteran players recommend starting with categories that have clear thematic anchors, such as lists of proper nouns or obvious synonyms. Tracking used words and considering multiple possible groupings helps avoid mistakes. For puzzles like No. 1096, paying attention to contextual overlaps — for instance, words with dual meanings in entertainment versus everyday language — proves valuable.

Community forums, including Reddit’s r/NYTConnections, provide spaces for sharing experiences. Discussions around the June 11 edition highlighted appreciation for the film directors category and initial confusion between certain weather and music terms.

Looking Ahead in the Puzzle Calendar

As Connections approaches further milestones in its numbering, the Times maintains a steady release of fresh content. Future puzzles promise continued variety, drawing from pop culture, science, history and language nuances. Players can access archives to revisit past solutions or practice skills.

The enduring popularity of these games reflects a human desire for structured intellectual play in digital formats. Puzzle 1096 exemplified how seemingly disparate words reveal unexpected connections upon closer inspection, delivering the satisfying “aha” moment that defines the game.

Whether solved in one go or after several attempts, the June 11 Connections reinforced the game’s core appeal. As solvers move on to the next challenge, the daily ritual continues to unite participants in a shared linguistic adventure.

Analysts observe that such puzzles contribute to cognitive health, offering low-stakes opportunities for problem-solving that translate to real-world benefits. In an era of information overload, the focused nature of Connections provides a welcome mental reset.

For those who missed today’s solution, tomorrow brings a new grid and fresh opportunities to test wits against the New York Times’ clever constructors. The blend of accessibility and depth ensures Connections remains a highlight in daily digital routines for enthusiasts around the globe.

The June 11 puzzle served as another strong example of the game’s ability to entertain and educate simultaneously. As the Connections community grows, players can look forward to increasingly inventive themes that challenge assumptions and reward curiosity in equal measure.

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The much-awaited buyback worth Rs 15,000 crore of Wipro opened on Thursday. The IT major is set to buy back up to 60 shares from eligible shareholders at Rs 250 per share, which is around 40% higher than the current market price.

Wipro’s buyback will remain open from June 10 to June 17 during which the company will buy back up to 5.7% of its total paid-up share capital. The record date for the buyback was fixed on June 5, which means that only those shareholders who owned shares of the company on that day would be eligible to tender shares in the offer, and investors taking fresh positions today will not qualify.

Key things to know about Wipro’s buyback

Under Wipro’s buyback offer, eligible shareholders in the reserved category for small shareholders are entitled to tender 11 equity shares for every 56 equity shares held as on the record date (June 5). For shareholders falling under the general category, the buyback entitlement has been fixed at 10 equity shares for every 197 equity shares held on the record date.

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. Notably, Wipro has said that its promoters and promoter groups have indicated their intention to participate in the buyback. They can tender a maximum of 745 crore shares.

How can you participate in Wipro buyback?

Wipro shareholders can participate in the share buyback by placing a bid through a stock broker registered either with the BSE or the NSE via a separate window that would open up on the stock exchanges. The registrar will complete the verification of tendered shares by June 19, 2026. Thereafter, the final acceptance or rejection of shares tendered under the buyback will be communicated to the stock exchanges by June 23. The payment will be made to the eligible shareholders by June 24.

After the buyback, Wipro will return the unaccepted shares by June 24, as per the schedule shared by the IT giant in its exchange filing. “Eligible Shareholders must ensure that their demat account(s) is active and unblocked for receipt of unaccepted shares and that their bank account is linked with their demat account for credit of remittance on acceptance of equity shares under the buyback,” the company said.

How much profit can retail investors make from Wipro buyback?

Let’s take an investor who bought 1,008 shares of Wipro at Rs 198 apiece before the record date and is planning to tender shares in the buyback for example. The total value of her shares as on the record date stood at Rs 1,99,584, making her eligible for Wipro’s reserved category for small shareholders (less than Rs 2 lakh).

As per the entitlement ratio, she will be entitled to tender 198 shares out of her 1,008 stock holding (11 equity shares for every 56 equity shares held as on the record date). It is important to note that not all shares she tenders may be accepted in the buyback process.

However, for the shares accepted as part of the buyback, she will earn Rs 52 per share at the buyback price of Rs 250 per share, much higher than what she would have made if she sold the shares at the current market price of less than Rs 180.

Analysts on Wipro buyback

Sunny Agrawal, Head of Fundamental Research at SBI Securities, said that any retail investor holding shares within the small shareholder category (total value of shareholding below Rs 2 lakh as on the record date) should tender all her shares in the buyback.
“A retail investor holding up to 1,008 shares as on the record date will be eligible to tender around 212 shares (assuming an acceptance ratio of approximately 21% versus an entitlement ratio of 19.7%) at the buyback price of Rs 250, implying a gain of around Rs 70 per share over the current market price,” the analyst explained.Based on this calculation, the investor can earn a potential profit of around Rs 14,800, implying a 7.4% return on a total portfolio of Rs 2 lakh, Agrawal said. “While this is beneficial, the absolute return remains moderate rather than highly attractive,” he added. This is a good option for investors who acquired shares at Rs 198 or higher (as per the buyback document, on the record date, the closing price on NSE was Rs 198.37), according to the analyst.

Also Read | Should retail investors tender shares in Wipro’s buyback?

Harshal Dasani, Business Head at INVasset PMS, also said that existing eligible retail shareholders tendering shares in the buyback seem to be rational as the accepted portion can be sold back at a fixed premium.

If we assume Wipro’s market price at around Rs 181 apiece, the spread will roughly be Rs 69 per accepted share before tax and costs, Dasani explained, adding that on the entitlement alone, about 19 to 20 shares out of every 100 may get accepted, though the final acceptance can be higher depending on participation.

Narendra Solanki, Head of Fundamental Research of Investment Services at Anand Rathi Shares and Stock Brokers, calculated that retail or reserved category investors who are holding Wipro shares less than Rs 2 lakh as on the record date will likely have an acceptance ratio of 20%, and may earn a profit of approximately 7.7%.

What is the real risk?

The real risk is the unaccepted portion of shares, Dasani cautioned. If the stock weakens after the buyback, especially in a bearish IT and broader market setup, the residual holding can dilute the apparent arbitrage return, he explained.

“So this is a tactical buyback opportunity, not a reason to become structurally positive on Wipro or Nifty IT,” Dasani cautioned.

Also Read | 10 key things to know before tendering shares in Wipro’s Rs 15,000 crore buyback

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