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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.
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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.
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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.
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