Thu, Jan 28, 2021 8:20 AM
Canara Bank Q3 standalone net profit declines by 9% to Rs 696 crore
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The Nifty 50 made a good attempt of rebound, but selling pressure stepped in last couple of hours of trade and as a result, the index closed well below 50-day EMA (exponential moving average placed at 22,108) with bearish candlestick pattern on the daily charts on April 18, indicating an inherent weakness in the markets.
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Infosys reported lower-than-expected fourth-quarter revenue on Thursday to clock a net profit of ₹7,975 crore. The company also saw attrition dwindle further to 12.6% in the final quarter of FY24.Attrition rates have steadily declined over the past year — from 20.90% in Q4FY23 to 12.6% in the results shared on Thursday. It stood at 17.30% in the first quarter of FY24 before dipping to 14.6%.
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Warren Buffett has been very strategic when it comes to issuing or repurchasing Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) stock.In 2010, for example, Berkshire issued billions of dollars in stock to fund the acquisition of railroad operator BNSF. It remains one of the only times Buffett decided to dilute shareholders. More recently, Berkshire has been buying back its own shares to the tune.
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