Dealing a big blow to lakhs of insurance agents across the country, the Insurance Regulatory and Development Authority (IRDA) has proposed that reward to individual insurance agents should not be more than 20 per
cent of first year commission or remuneration.
From the 2nd policy year, the policyholder can pay as low as 75 per
cent of the first year premium without any reduction in the initial sum assured.
For example if you go for a policy with regular premium structure, an agent can get about 7 to 30 per
cent of first year premium amounts and this is no mean sum by any standards.
Not exact matches
Shares in scooter manufacturer Vmoto have dived 20 per
cent today after the company announced on Friday it expected to record a $ 2.24 million loss for the
first half
of the 2011 financial
year.
Henderson - based contractor Civmec lifted profit to $ S10.4 million ($ A10 million) for the
first half
of the financial
year, up 59 per
cent, on the back
of a big surge in revenue.
MGM Resorts, for example, agreed to pay employees an extra 35
cents per hour in the
first year of the contract, 50
cents more in the second
year and an additional 55
cents in the third.
Waste management and industrial services company Toxfree has reported a 33 per
cent jump in net profit to $ 10.5 million for the
first half
of the financial
year.
For the
first quarter
of its fiscal
year 2017, which ended March 3, the company reported quarterly earnings per share
of 94
cents (non-GAAP) and revenue
of $ 1.68 billion.
At
first glance, the planned $ 600 million expansion
of Perth's Karrinyup Shopping Centre seems to run counter to the relentless march
of internet retailing, especially as a fresh report predicts that 50 per
cent of all retail sales will be made over the internet in less than 10
years.
Even fans
of wage hikes acknowledge that they must be done in steps — say, an $ 1.00 per hour jump the
first year, and 75
cents the second.
Net loss attributable to Hasbro was $ 112.5 million, or 90
cents per share, in the
first quarter ended April 1, compared with a profit
of $ 68.6 million, or 54
cents per share, a
year earlier.
«2015 was another mediocre
year for the Canadian economy, growing by only 1 per
cent in 2015 after a technical recession in the
first half
of the
year.
The share price
of mining junior Batavia Mining Ltd has more than doubled in the
first few days
of 2006 on a 140 per
cent gold resource upgrade that could bring its Gullewa copper gold project in Western Australia back in production within a
year.
The
first - quarter earnings amounted to 97
cents per share, compared with a loss
of 19
cents in the quarter a
year ago, while same stores sales were up 2.8 per
cent year - over-
year.
Higher costs will hurt its ability to grow profits in the
first three months
of the
year, it said, forecasting earnings
of between 60 and 80
cents a share, below the 83
cents a share forecast by analysts polled by Thomson Reuters.
In his
first money - making venture a six
years old, Buffett sold packs
of Juicy Fruit, Spearmint and Doublemint for five
cents a piece, according to Alice Schroeder's 2008 biography, «The Snowball: Warren Buffett and the Business
of Life.»
The 7/22 FT reported: «Across countries that use the euro, average debt to gross domestic product reached 92.9 per
cent in the
first quarter
of 2015, up from 92 per
cent in the previous quarter and 91.9 per
cent in the same period last
year, according to figures from Eurostat, the EU's statistical agency.»
Last
year, ECU was listed as the first - preference choice for 34 per cent of Year 12, the highest of WA's public universit
year, ECU was listed as the
first - preference choice for 34 per
cent of Year 12, the highest of WA's public universit
Year 12, the highest
of WA's public universities.
«This bid seems to defy logic,» Peel Hunt analyst Paul Morland told the Financial Times, characterizing the 79 % premium HP paid as «an «amazing» premium for a company whose earnings grew by just 6 per
cent in the
first half
of the
year.»
The company's search data, however, show interest in Calgary has been flat, while the number
of inquiries for Edmonton is up 50 per
cent in the
first quarter compared to the
year before.
During the
first few months
of the
year the S&P 500 rose by less than 2 %, but Canadians who invested in the index are up more than 5 %, thanks to the loonie's fall to 90
cents (U.S.).
The ACCA allows manufacturing companies to depreciate, for tax purposes, the value
of newly purchased equipment and machinery at the accelerated rate
of 50 per
cent per
year, reducing their taxable income in the
first few
years of owning the asset.
As for operating system market share, comScore says that Google is
first with 50.5 per
cent of the market running some version
of Android, up from 44 per
cent a
year ago.
According to an analysts» consensus compiled by Yahoo Finance, Goldman Sachs is forecast revenues
of $ 8.45 bn (# 6.73 bn) for the
first quarter, up 33 per
cent on last
year.
In a report last week, S&P forecast global investment banks would boost their revenues by 10 per
cent year - on -
year in the
first quarter
of 2017.
Meanwhile, TD Bank's (TSX: TD) Bharat Masrani received $ 9 million in total direct compensation during his
first full
year in the top job — an increase
of 10 per
cent from the previous
year.
The bank had predicted the economy to expand by 2.5 per
cent in the
first three months
of the
year.
In his
first full
year as president and CEO
of Royal Bank (TSX: RY), David McKay saw his total direct compensation jump 44 per
cent to $ 10.9 million.
According to the U.S. Solar Industries Association, in the
first three quarters
of 2014, solar delivered 36 per
cent of America's new power needs, up from 9.6 per
cent just two
years previous.
French food group Danone achieved better than expected
first - quarter sales growth
of nearly 5 per
cent, helped by Chinese demand for its baby formula products, cementing guidance for higher profit and sales this
year and beyond.
While Canada is ranked fifth in the world (behind the U.S., China, India and the U.K.) in terms
of global venture capital investment, and many Canadian companies achieve success in their
first five
years, only three per
cent of firms that survive beyond that point classify as high growth.
According to this June's Financial Times «Expenditure by local and central governments in China jumped nearly 25 per
cent from the same month a
year earlier, a sharp acceleration from the 9.6 per
cent growth registered in the
first four months
of the
year, according to figures released by the finance ministry,» and HSBC's Flash PMI index suggests for the
first time in six months that there has been an expansion in manufacturing, although the flash index is,
of course, preliminary and may be revised.
A case can be made that the
first public exposition
of the inflation target came in 1993 in a speech by then Governor Fraser (1993): «My own view is that if inflation could be held to an average
of 2 — 3 per
cent over a period
of years, that would be a good outcome».
Layton was responding to criticism from Jack Mintz — the economist oft - quoted by Conservative Leader Stephen Harper as justification for his tax policies — that the cap - and - trade system the NDP proposed to cover the cost
of $ 3.5 billion worth
of green initiatives in the
first year would raise gasoline prices by 10
cents per litre.
This Discover It has a similar rewards structure to the Venture card: you can redeem miles for travel statement credit (at a rate
of 1
cent per mile), meaning you'll get a flat rewards rate
of 3 % the
first year and 1.5 % each
year after that.
Last month, the provincial government released statistics showing that B.C. welcomed 150,000 more visitors in the
first six months
of 2015 than the same period in 2014 — an increase
of 8.3 per
cent year over
year.
Even despite softening markets and economic uncertainty around the globe, our port still saw 1.5 per
cent growth in the
first six months
of this
year compared to 2014, with increases in demand for Canadian wheat, sulphur, potash, lumber, and consumer goods.
First, make sure in budget planning that the debt level averages around 30 per
cent of GDP (roughly where it is now) over the next four
years.
While Barbara Stymiest will provide a detailed review
of our
first quarter results that were released earlier this morning, I am pleased to report record earnings for the quarter with net income
of almost 1.5 billion dollars, up 28 per
cent from a
year ago.
Fast - food restaurant operator Yum Brands Inc. said Wednesday it had net income
of $ 433 million, or $ 1.27 a share, in the
first quarter, up from $ 280 million, or 77
cents a share, in the
year - earlier period.
Canadian seafood exports to China in the
first half
of the
year grew by 11 per
cent compared with the same period last
year.
Wayfair reported a
first - quarter loss
of $ 1.22 per share after a loss
of 66
cents per share last
year.
The
first — the Alberta Heritage Savings Trust Fund — was established over 30
years ago to save about 30 per
cent of oil and gas revenues for the province's long - term future.
The Australian Bureau
of Statistics said last week that gross domestic product expanded 1.1 per
cent in the
first three months
of the
year, while
year - on -
year headline growth accelerated to 3.1 per
cent, its fastest pace in almost four
years.
Those outflows showed up in returns data, with a Bloomberg Barclay's Index
of U.S. corporate bonds posting a 2.3 per
cent loss for the
first three months
of the
year.
The Reserve Bank
of Australia cut the cash rate in May from 2 per
cent to a record low 1.75 per
cent out
of concern that inflation was trending too low, following
first - quarter inflation data that showed prices had fallen 0.2 per
cent in the
first three months
of the
year.
Cybersecurity software vendor Palo Alto Networks Inc (NYSE: PANW) reported
first quarter results Monday that included revenues that rose 27 percent
year - over-
year and non-GAAP earnings
of 74
cents per share versus 55
cents per share last
year.
The
first quarterly dividend
of 1.5 Canadian
cents per common share was paid at the end
of January 2014 and further quarterly dividends were subsequently paid at the end
of April, July, October in each
year.
The Australian economy continued to perform strongly during the
first half
of 2000, with growth running at more than 4 per
cent per annum, a noteworthy performance for an economy that is now entering the tenth
year of an economic upswing.
The
first reading
of the median forecast
of inflation for the
year to June 2002 is around 2.3 per
cent.