The company’s online business which was at 33 per cent in February hit 90 per cent during the lockdown but Amway does not foresee it will get back to pre-covid level in the future. Direct selling major Amway India remained bullish that its digitally focused strategy will help regain business very close to the pre-COVID level by […]
MLM Company Owner Arrested for GST Theft of Rs 70 crore
The Central Goods and Services Tax (CGST), Vadodara, officials have arrested a businessman named Dilip Jain for evading Rs 70 Cr of GST/CE by providing other financial services through four unregistered entities under GST. The businessman Dilip Jain was arrested after GST investigations revealed that he hadn’t registered with the GST department and avoided paying taxes […]
Tupperware to reopen 40 pc retail outlets in India
Tupperware India, a premium homeware brand, on Thursday said it will reopen about 40 per cent of its retail outlets spread across 17 cities in the first phase. Tupperware India has launched 55 retail outlets across India after adopting a multi-channel approach from switching direct selling model. But, due to the coronavirus-induced lockdown, retail outlets were closed and Tupperware was […]
Netsurf Launches three New products under its Healthcare range ‘Naturamore’
Netsurf Network, India’s leading direct selling company has introduced 3 new herbal and organic healthcare supplements under its healthcare category ‘Naturamore’. The Naturamore range comprises of nutraceuticals that are designed to help achieve a healthier lifestyle. Netsurf Network has a consumer base of more than 2.5 Million and more than 60 products across various categories […]
Amway India to concentrate more on immunity-boosting, nutrition products
Amway, which is taking a look at its ‘portfolio’ in India as part of planned global investments, is studying how to readjust the portfolio more towards immunity, nutrition in the country Amway India also expects its business to come back to at least 80-90% of pre-lockdown levels by July With the increased demand for immunity […]
3000 crores cheated from 1.75 lakh investors, ED raids 12 locations of bike boat company
On Saturday, the Enforcement Directorate raided 12 locations in Lucknow, Delhi and Noida of the Bike Boat Taxi Company. The company defrauded millions of investors by running a bike taxi service on the lines of Ola and Uber. During the raid, many important documents linking the company to money laundering were found. The Bike Boat […]
Amway India Appoints Ajay Khanna as Chief Marketing Officer
Khanna has taken over the reins from Sundip Shah and will will report to Anshu Budhraja. Ajay Khanna joined the organisation in 1998 and donned many hats in various capacities Direct selling FMCG company Amway India has appointed Ajay Khanna as the chief marketing officer. With over 24 years of experience in the FMCG and […]
Kerala Govt expedites the process to monitor MLM companies
The Kerala state government has expedited the process for fully activating the functions of a ‘monitoring authority’, set up to regulate the activities of multi-level marketing (MLM) and direct-selling firms in the state. In order to firmly implement the guidelines that have been framed to put a check on the activities of MLM firms, an […]
Odisha Chief Secy Seeks Action Against QNet & Its Indian Franchise
The Office of Odisha Chief Secretary has written to the Economic Offences Wing (EOW) of Crime Branch praying for action against the alleged multi-crore scam by Hong Kong-based company QNet and its Indian partner Vihaan Direct Selling (India) Pvt Ltd. Acting on a petition filed by one Gyana Ranjan Mishra on November 25, 2019, Chief […]
ED attaches Rs 8.82-cr assets of Webwork Trade Link
A Noida-based multi-level marketing firm’s assets worth over Rs 8 crore have been attached in connection with an alleged online Ponzi fraud case, the federal agency said on Thursday. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued by the Enforcement Directorate against the company– Webwork Trade Link Pvt Ltd. […]