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[ad_1] The rise in AGR was slightly higher on a year-on-year basis, with a jump of 8.12%. The AGR of the telecom industry stood at Rs 44,940 crore in the January-March 2020 period. [ad_2] Source link

[ad_1] Mortgages changed my life. Like most mortgage industry professionals, I fell into the business. Most of us don’t grow up telling everyone that we want to change the world by selling, processing, underwriting and closing mortgages. Unless, perhaps, you are my five-year-old daughter and six-year-old son. They both make it known that they will “do mortgages with mom” while they build skyscrapers and run the country. Maybe they were born with mortgages in their blood. Throughout my earlier years in school, elementary and middle, math always came easy to me. During high school, I continued to excel and enjoy math. I opted for every AP math class I could and during my era, we had an accounting elective that I sought after. I remember that class vividly to this day.  I loved it and that was not a word I threw around casually when it came to academics. That was my junior year of high school. When college applications came around and you had to select a major (for context, I was 17 and could not decide what I was going to wear that day), I checked off the accounting box.  I went on to graduate from Northeastern University with a Bachelor’s of Science in Business Administration and a concentration in Accounting. Graduating in late 2009, which was not an ideal time to join the workforce, I Initially intended to sit for the certified public accountant exam, but after thorough research and understanding of what my life would look like working for a “Big Four”, I was not convinced. I didn’t want to put more hours into school, studying and an office.  This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post How do we bring in the next generation of mortgage professionals? appeared first on HousingWire. [ad_2] Source link

[ad_1] Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.  Big earnings from the big Canadian banks The Big Six Canadian banks (Royal Bank of Canada, TD Bank, Scotiabank, BMO, CIBC and National Bank) released quarterly earnings reports this week and, as expected, they all put some big numbers up on the board. Thanks to high levels of government financial support for individuals and businesses, the banks have not yet experienced an economic shock due to COVID.  To manage risk, banks always set aside emergency funds, known as provisions for credit losses or loan-loss provisions. Given their more favourable prospects, the Big Six have been able to remove some of those monies from the safety net and add them to the earnings column. For an example on that front: In its most recent report, RBC recovered $540 million of provisions for credit losses, compared to the $96 million that it recovered in the second quarter.  The banks have profited handsomely from their wealth management businesses, thanks to fees and robust markets. That has been a main driver throughout much of the pandemic. From Thursday’s reports, we saw a 13% increase at TD’s Canadian retail unit and a 25% jump at CIBC.  The banks have been mostly beating on the earnings and revenue fronts.  They have recovered from the pandemic, and then some. Thanks to Mike Heroux from Dividend Stocks Rock who put together the tables below, which compare bank performance in key areas from the third quarter of 2019—pre-pandemic—to the recent third quarter in 2021. The figures in these tables are in millions. The Common Equity Tier (CET1) is a measure of financial strength and the ability to absorb losses; a higher number means more assets are held for that purpose.  Source: Dividend Stocks Rock  We see some impressive growth coming though the pandemic. National Bank and Royal continue to separate from the pack in many ways, and it’s common to see bank analysts select those two as the top picks. National Bank continues to be the top pick of Heroux as it grows through acquisitions. Heroux also suggests investors look to TD based on valuation and that more favourable CET1 ratio.  From most of the reports or estimates I’ve read, it might be a good guess that we will see dividend increases resume in the first quarter or second quarter of 2022. And given the release of the loan-loss provision and greater overall financial health, it is expected that the banks could make up for lost time with dividend increases above 10% for many quarters.  Now that would be a reward worth waiting for.  I’m happy to be long Royal Bank, TD and Scotiabank. And yes, Mike, I wish I had bought National Bank a few years ago—as you said I should.      The bitcoin bounce back to $50K It has been a wild ride for bitcoin and bitcoin investors. After falling below $30,000 U.S. in midsummer, the price of bitcoin has been fighting back in very solid and regular fashion, cresting $50,000 on Aug. 23 before falling back slightly.  Source: BiTBO In this space, we covered the price pressure offered by Elon Musk’s (CEO of Tesla) tweets, and by the bans and regulation by the Chinese government.  It was suggested that moving away from China and to a greener energy mix might provide some much-needed support for the prevailing cryptocurrency. (In June of 2021, we addressed what the heck is going on with bitcoin.) That theme appears to be playing out, and new sources of bitcoin adoption or recognition are helping the cause and long term picture. You’ll find a few examples here, here and here.  And from  that last link …  “Wells Fargo and JPMorgan both recently filed for passive Bitcoin funds. Recently, Coinbase announced a partnership with one of the largest traditional banks in Japan, Mitsubishi UFJ (MUFG) Financial Group, which will offer its account holders exclusive onboarding to the exchange platform.” Seeking Alpha offered that we might see bitcoin ETFs in the U.S. by October.  From that post …  “VanEck and ProShares’ rapid withdrawal of proposals for Ethereum futures ETFs is a good sign for a potential Bitcoin futures ETF, given the SEC has allowed that filing to remain active. A launch could come as soon as October, and we believe the SEC should permit several at once to avoid handing out a first-mover advantage.” That could certainly be a massive development on the adoption front. That said, it would be more advantageous to have U.S. ETFs that hold bitcoin (not futures contracts) as more money would be fighting for actual bitcoin, adding to the scarcity of the asset.  And, as always, the narrative can change in a heartbeat. Once again, interested investors might treat it like any other portfolio asset. For me, it is digital gold.  You might have an asset allocation target (3% to 5%, for example) and rebalance as necessary.  No-fee trades at National Bank’s discount brokerage It is encouraging to see some fee disruption in the discount brokerage space. National Bank has introduced $0 commission stock trades for their National Bank Direct Brokerage. It is the first bank-owned brokerage to cut trading fees to zero. (Since 2017, National Bank’s brokerage has offered no-fee trades for Canadian and U.S.-listed ETFs.) As a primer on the brokerage space in Canada, have a read of MoneySense’s annual the Best online brokers in Canada package. You’ll see that National Bank Direct Brokerage was ranked number two overall in Canada, right behind Questrade, even before the fee cut.  The bank says this fee reduction was years in the making. In the U.S., discount brokerages such as Schwab and TD have offered free trades since 2019. In Canada, Wealthsimple Trade offers no-commission trades for Canadian stocks and ETFs. (But keep in mind that Wealthsimple Trade is a trading app, and not a discount brokerage.) National Bank offers that they don’t mind taking the initial fee hit,

[ad_1] Biden to contact families of 13 US service members killed in Kabul  CNN Biden presidency teetering amid calls to resign, potential investigations over US deaths in Afghanistan  Fox News The Taliban is ’embarrassed heavily’ by ISIS-K attack, ‘overwhelmed,’ girding for civil war, terrorism experts say  Yahoo News Hiding behind his tears — Sorry Biden’s decisions led to Kabul carnage: Goodwin  New York Post The Afghanistan airport explosion happened under Biden but traces back to Trump  NBC News View Full Coverage on Google News [ad_2]

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[ad_1] Biden shedding support from independent voters as Delta variant spreads: Reuters poll [ad_2] Source link

[ad_1] Russia’s Foreign Minister Sergei Lavrov, has criticised the US for putting pressure on Central Asian states to take Afghan refugees “before obtaining visas to the United States or other countries.” [ad_2] Source link

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[ad_1] Students of classes 10 to 12 are already going to schools for practical classes and other admission-related formalities.    [ad_2] Source link