Buffett says US shouldn’t use “trade as a weapon” as Trump has done with tariffs
While Buffett said it is best for trade to be balanced between countries, he doesn’t think Trump is going about it the right way with his widespread tariffs.
Buffett takes the stage at Berkshire Hathaway meeting
Ahead of the meeting, Berkshire reported its first-quarter results that indicated Buffett is still cautious. The company was a net seller of stocks for a 10th straight quarter, as it bought $3.18 billion and sold $4.68 billion.
Berkshire endorses Japanese trading houses, could hold them ‘forever’
Buffett spoke at Berkshire’s annual shareholder meeting in Omaha, Nebraska, 1-1/2 months after Berkshire said it raised its stakes in Itochu, Marubeni, Mitsubishi , Mitsui and Sumitomo to as high as 9.8%.
Berkshire Hathaway’s operating profit falls in Q1
Warren Buffett’s Berkshire Hathaway on Saturday reported a lower operating profit in the first quarter, hurt by weaker results from its insurance operations. Operating profit for the Omaha, Nebraska-based conglomerate dropped 14.1% to $9.64 billion from $11.22 billion a year earlier.
Indian Bank Q4 results: Net profit rises 32% at Rs 2956 crore
Indian Bank’s Q4 net profit surged 31.6% to ₹2956 crore, driven by improved asset quality and higher net interest income. The board proposed a dividend of ₹16.25 per share. Gross NPA ratio fell to 3.09%, with a provision coverage ratio of 98.10%. Advances grew 10%, supported by retail, agriculture, and MSME sectors.
FIIs reverse trend: Rs 3,243 cr bought in April, Rs 40,145 cr in last 12 days
Foreign Institutional Investors (FIIs) have shifted from being net sellers to net buyers in Indian equities, purchasing ₹40,145 crores in the last 12 trading days. This reversal is attributed to President Trump’s tariff pause and a weakening US dollar, which boosted emerging markets like India. However, modest earnings growth of around 5% in FY25 may […]
CDSL Q4 results: PAT declines 22% YoY, revenues fall by 16%
CDSL reported a 22% YoY decline in PAT to Rs 100.39 crore for Q3FY25, with revenue from operations dipping 6.7% YoY to Rs 224.45 crore. The board has recommended a final dividend of Rs 12.50 per share. While depository activity revenue saw a slight decrease, data entry and storage revenue experienced a sharp decline.
DMart Q4 results: Standalone PAT jumps 2% YoY, revenue surges 17%
DMart Q4 results: On a sequential basis, the PAT has fallen by 21%, which stood at Rs 784.65 crore for the December quarter of the fiscal year, while the revenue from operations is also down by 7% in the said time period. The revenue from operations stood at Rs 15,565.23 crore for the previous quarter […]
Berkshire shareholders head to Buffett’s 60th annual meeting, economy top of mind
Warren Buffett will conduct Berkshire Hathaway’s annual meeting. Investors are eager to hear his views on the economy. This is especially regarding President Trump’s tariff policies. Berkshire’s diverse businesses mirror the U.S. economy. Buffett’s thoughts on tariffs and his large cash holdings are of interest. The meeting will also address Berkshire’s future leadership and shareholder […]
Concurrent Gainers: 4 stocks that gain for 5 days in a row
In the last five trading sessions leading up to April May 02, the Sensex rose by 0.88%, adding 701 points to close at 80,501. The index finished higher on three of those five days. During this modest market upswing, four stocks from the BSE 500 consistently posted gains throughout the 5-day period. (Data Source: ACE […]