On Friday, the public sector undertaking (PSU) bank announced a 7 per cent increase in net profit, reaching Rs 1,439 crore for the March quarter, compared to Rs 1,350 crore in the same quarter last year. Total income rose to Rs 17,913 crore from Rs 16,549 crore in the corresponding period. Net interest income (NII) grew to Rs 5,937 crore from Rs 5,523 crore a year ago.
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For decades, many investors have called on Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) to pay a dividend, but Warren Buffett has refused to authorize one. Why doesn't Berkshire pay a dividend? Will it ever? Berkshire stock could pay a dividend if this 1 thing happens. The only time Berkshire ever paid a dividend was in 1967. The payout was $0.10 per share.
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In this environment, let's find out between LTIMindtree (LTIM) and Coforge, which mid-cap IT stock offers better long-term investment opportunities. Coforge and LTIM have been the worst performers in the Nifty IT index this year. While Coforge has crashed over 28 percent in 2024 YTD, LTIM has tanked 27 percent. In comparison, the Nifty IT index has lost over 7 percent in this period.
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