Shares

Elon Musk's fortune dropped below $900 billion as SpaceX shares fell 4.45% to just under $140, nearing their IPO price. Details here.

ITC Chairman and MD Sanjiv Puri's remuneration fell 6.8 per cent to ₹23.91 crore in FY26 due to lower performance bonuses and long-term incentives

Brigade Enterprises closed at ₹720.25 on Tuesday and turned ex-bonus on Wednesday following its 1:3 bonus issue. The stock opened at an adjusted price of ₹559.70, with the apparent decline reflecting the bonus adjustment rather than any loss in shareholder value.

The National Stock Exchange is preparing for its IPO, with plans to file draft papers this week. Sebi has granted in-principle approval, clearing a significant hurdle. The NSE aims for a valuation of ₹5-5.25 lakh crore.

City Union Bank shares plunged over 23% on June 12 due to a 1:3 bonus issue adjustment. Despite the apparent drop, shares rose 8% post-adjustment, reflecting positive investor sentiment. This bonus issue is the bank's first in eight years.

So far in 2026, IPOs have raised about $3.5 billion this year, according to Bloomberg data. This lags the pace of the previous two record-setting years, when proceeds topped $20 billion each.

Hardwyn India plans a 2:5 bonus share issue, pending shareholder approval at an upcoming EGM. The company aims to issue around 19.54 crore shares. The record date for determining shareholder eligibility for the 2:5 bonus issue has not yet been announced.

Investors receiving dividend income or bonus shares must consider tax implications while filing ITR. Dividends are now taxable in the hands of investors, subject to slab rates and TDS if over ₹10,000. Bonus shares are tax-free upon receipt but result in taxable capital gains upon sale. Details here.

The company is proposing to issue 94.08 lakh bonus equity shares (or approximately 0.94 crore shares) under the 1:10 bonus issue. The bonus shares are expected to be credited or dispatched within two months from the date of board approval.