In the recent video uploaded on MMMIndia.in, Sergey mavrodi of founder of МММ (Mavrodi Mondial Moneybox) announced that MMM India is going to get restarted soon. In the video message he announced, that the participant who joined earlier will get some portion of money they invested with MMM India system . Yet it is not clear […]
A Survey Concludes Indian Direct Selling industry To Grow at Rs 10,840 crore by 2014-15
Market size of direct selling industry in India is expected to be over Rs 10,843 crore by 2014-15, according to a survey by India Direct Selling Organization(IDSA). “The Indian size of direct selling industry is expected to expand from Rs 6,385 crore in 2011-12 to over Rs 10,843 crore by 2014-15 and Rs 34,000 crore […]
Keep Your Money Safe: Avoid Chain-money Schemes
Saradha, Speak Asia, QNet, City Limouzine, StockGuru India, Sahara, MPS Greenery, NMart Retail… All these start as hot, new, investment opportunities and as alternative careers that offer high earnings and ways to escape the drudgery of 9-to-5 jobs. But, eventually, most of them fetch only small additional income and, worse, encourage you to lure and […]
Amway India manufacturing plant to be operational by 2015
Amway India, direct selling FMCG company, prepares to operationalise its brand-new production facility at Nilakottai in Tamil Nadu by 2015. The building at the site has already begun and the industrial operation at the center is most likely to commence by mid-2015,” said Diptarag Bhattacharjee, vice-president, east, Amway India. Total investment in around Rs 500 […]
Tupperware Looking Forward To get into Online Sales
US-based direct sales company Tupperware is eyeing the online platform to sell its range of storage containers. Asha Gupta, Managing Director, Tupperware India, stated, “Since we already have about 1 million fans on our Facebook page, we want to take advantage of this by creating apps to recognize the nearby distributor for our clients. We […]
Amway positive of accomplishing Rs. 6,000 cr turn over by 2020
Amway India is aiming to attain Rs. 6,000 crore turnover by 2020. Attending media-persons by William S Pinckney, MD and Chief Executive Officer, Amway India at company’s contract manufacturing facility on Thursday, said:. “Direct selling market in India is showing a healthy and balanced development, which is in around 22 %.”. “Besides, world-class high quality item, allowing internet […]
Nmart: Police Again Arrested Gopal Singh Shekhawat
Gopal Singh Shekhawat, MD of NMart was again arrested and taken into custody by the Aurangabad police. He was arrested for alleged cheating case. This time he was wanted by the Kranti Chowk police, where a group of 39 people had lodged a complaint against him. Shekhawat, had earlier surrendered before the Ongale court in Andhra Pradesh in […]
MLM distributors In Kerala to Stage Hunger Strike on Onam Festival
KOCHI: People who are associated with MLM sector in Kerala are facing regular harassment by the authorities. Specially women distributors and families of workers of network marketing business will go on a protest throughout ‘Onam’ festival on September 16 in front of the secretariat in Thiruvanathapuram. As a last hope, women distributes and others associated […]
QNet India CEO Suresh Thimiri: I Have No relations with the company
QNet India’s CEO Suresh Thimiri, in his anticipatory bail application has denied any relations with the MLM company and its representatives! The case of QNet, the Hong Kong-based controversial multi-level marketing (MLM) operator is taking various twists every day; but this one will shock its tens of thousands zealous subscribers and distributors as well. Suresh […]
QNet India Update: Mumbai Economic Offence Wing Freezes 45 Crore
Economic offences wing of Mumbai police froze 2 bank accounts that have Rs45 crore in balance of QNet. Meanwhile, the police custody of Manjunath Hegde, apprehended in the exact same case has actually been extended. Economic offences wing (EOW) of Mumbai authorities, which is probing QNet has frozen two bank accounts related with the Hong […]