Expect heads to roll at Nissan over Ghosn scandal

Expect heads to roll at Nissan over Ghosn scandal

Chesnot | Getty Images News | Getty Images Carlos Ghosn, Renault-Nissan CEO. It is shaping up to be a bad year for Nissan. The arrest of auto industry titan Carlos Ghosn in Tokyo last month was believed by some to be a palace coup designed to remove him from power at Japanese automaker Nissan, just one of the companies Ghosn had a hand in running. Now it’s looking like a big problem for Nissan as well. Ghosn was indicted Monday on allegations of underreporting income and misusing company funds, but…

Read More

Tailored Delhi double murder: Why fashion designer was killed by her own staff

Tailored Delhi double murder: Why fashion designer was killed by her own staff

All the three accused have been presented in court. (Photo: Kasif The ‘master tailor’ had started stitching his terrifying plot about 10 days ago. He claimed to be upset over not getting payments on time, that too piecemeal, from the high-flying fashion designer for whom he was working. Rahul Anwar, the tailor, and two of his accomplices struck at the Vasant Kunj Enclave home of 53-year-old fashion designer Mala Lakhani around 10 in the night on Wednesday. Later the police would find no sign of forced entry as Lakhani knew…

Read More

Cramer’s lightning round: There are better drug stocks to own than GlaxoSmithKline

Cramer’s lightning round: There are better drug stocks to own than GlaxoSmithKline

GlaxoSmithKline PLC: “We don’t care where a stock’s been, we care where it’s going, but it is at $37. It’s got a 5 percent yield. [CEO] Emma Walmsley is supposed to be doing a good job. I have not seen what I’d like to see from that company. As far as I’m concerned, there are much better drug stocks to own than Glaxo.” SiteOne Landscape Supply Inc.: “No. You don’t want to be there because people don’t like housing right now and it’s going to be affiliated with the housing…

Read More

Finance Ministry extends deadline for filing GST annual returns till March 31

Finance Ministry extends deadline for filing GST annual returns till March 31

The Finance Ministry has extended the last date for filing annual GST return forms by three months until March 31, 2019. The annual returns form in which businesses registered under the GST have to provide consolidated details of sales, purchases and input tax credit (ITC) benefits accrued to them during 2017-18 fiscal was notified in September. The last date for filing was set at December 31, 2018. In a statement, the Central Board of Indirect Taxes and Customs (CBIC) said, “the competent authority has decided to extend the due date…

Read More

Huawei arrest just made companies like Apple less valuable, Jim Cramer says

Huawei arrest just made companies like Apple less valuable, Jim Cramer says

Huawei arrest made companies, including Apple, less valuable: Cramer   10 Hours Ago | 01:13 U.S.-based technology companies with business in China automatically lost value on news of the arrest of Huawei CFO Meng Wanzhou, who has reportedly been accused of violating U.S. sanctions, CNBC’s Jim Cramer said Thursday. The arrest, which occurred in Canada on Saturday and was announced Wednesday, “means any tech company that does a huge amount of business in China, including Apple or Micron or Intel or Skyworks or Qualcomm or Broadcom, is worth a little less…

Read More

Where the super wealthy are investing their money

Where the super wealthy are investing their money

Where the ultra-rich invest during a volatile market   7:30 AM ET Sun, 18 Nov 2018 | 03:13 Ultra-wealthy investors aren’t bullish on the markets but they are well positioned to “weather the storm,” according to Michael Sonnenfeldt, founder of investment club Tiger 21. In the third quarter, Tiger 21 members moved more capital into real estate and private equity, according to its latest asset allocation report. The network, which is made up of more than 600 entrepreneurs from every industry, has $60 billion in assets. Real estate accounts for 28…

Read More

Operational independence of J-K Bank will remain key objective of admin: Governor Satya Pal Malik

Operational independence of J-K Bank will remain key objective of admin: Governor Satya Pal Malik

Jammu and Kashmir Governor Satya Pal Malik on December 4 allayed fears of J&K bank employees and said safeguarding the autonomy and operational independence of the institution would remain the key objective of the state administration. Malik gave the assurance to a delegation of bank employees who called on him here, an official spokesman said. Last month, the State Administrative Council (SAC) headed by the governor approved a proposal for treating the J&K Bank Limited as a PSU, bringing it under the purview of the Right to Information Act, the…

Read More

Cramer’s game plan: A week defined by trade talks and employment

Cramer’s game plan: A week defined by trade talks and employment

A week defined by trade talks and employment   6:20 PM ET Fri, 30 Nov 2018 | 00:40 Trade talks and the latest data on U.S. employment will color the week ahead for the stock market, CNBC’s Jim Cramer said Friday as stocks rallied on high hopes for a U.S.-China trade deal at the weekend’s G-20 summit. President Donald Trump is planning to meet with Chinese President Xi Jinping at the Buenos Aires, Argentina gathering on Saturday to discuss what has amounted to an ever-escalating trade war between the two nations….

Read More

Cramer’s lightning round: I’m not a fan of Netflix’s stock as an end-of-year buy

Cramer’s lightning round: I’m not a fan of Netflix’s stock as an end-of-year buy

Netflix Inc.: “Candidly, I’m not a fan of Netflix. I’m not a fan of Netflix because I think that a lot of it depends on the content and I just don’t find the content as compelling as it once was. I think it’s a good story, but not a great story, because it’s up so much for the year and that’s been a real big determinant about how stocks are doing right now.” Cytokinetics Inc.: “Very speculative, but I’ll endorse it as long as you understand that that thing is…

Read More

Huawei says it will hit $100 billion in revenue for 2018

Huawei says it will hit $100 billion in revenue for 2018

  Zhang Peng | LightRocket | Getty Images People try using Huawei smartphones at an exhibition. Huawei’s revenues will in 2018 surpass $100 billion for the first time, a top boss at the Chinese tech giant said Thursday. Speaking to CNBC in Mandarin via a translator, Eric Xu, one of the rotating chairmen at Huawei said that business is growing “slightly better” than had been expected. “There is no problem that we can hit the $100 billion mark,” Xu said, in a translation that was verified by CNBC. Xu did…

Read More