Direct sellers such as Amway, Tupperware and Network Communications, are mulling steps to prevent the selling of their products on online marketplaces without their consent in the wake of new guidelines issued by the government.
The US-based direct seller Amway today said it does not charge any entry or exit fee from its distributors against the backdrop of the government's decision to ban any such fee.
The benchmark BSE Sensex extended its rise for the second consecutive week, gaining 265.14 points to finish at 28,797.25, while the broader Nifty rose 57.05 points to close at 8,866.70.
This episode of Skilltree Workplace Excellence 2015 puts the spotlight on the work culture at Microsoft India. Also unravels the multifaceted business conglomerate and a financial super market the Muthoot Group and also get a sneak peak in India‘s leading direct selling FMCG company Amway.
Amway India, the subsidiary of the US-based Amway Corporation, has set up the factory at SIPCOT Industrial Park in Nilakottai, Dindigul district, on 50 acres. With an investment of Rs 550 crore, the facility would create 500 direct and 1,000 indirect jobs, an official release said.
The fact is a majority of people are not consuming the World Health Organization's minimum recommendation of five servings (400 grams) per day of fruits and vegetables, thus missing out on important nutritional benefits.
Even as direct selling has seen a significant downturn globally, Amway has bet big on India and has invested in a Rs 600-crore manufacturing plant despite several regulatory hurdles plaguing the sector.
Sanjay Malhotra, CIO, Amway in an interview with Monycontrol.com discusses how IBM can help you improve recovery times for applications running on both virtualised and non-virtualised servers.
Pilot's comments come against the backdrop of global direct selling firm Amway's India Chairman William S Pinckney and two company Directors being arrested by the Kerala police over allegations of fraud.
The complainants accused the company of its failure in ensuring the promised benefits to those who joined the network marketing business.
Amway India Chairman and its two Directors were remanded to 14 days custody after they were booked under the Prize Chits and Money Circulation Schemes (Banning) Act based on complaints in 2011.
Network-marketing firm Amway's India chairman and CEO William S Pinckney and two company directors were arrested in Kozhikode on Monday on charges of financial irregularities. The two directors are Sanjay Malhotra and Anshu Budhraja, crime branch sources said.
Direct selling FMCG company Amway has shortlisted Tamil Nadu and Gujarat for setting up its Rs 400-crore manufacturing facility, a top company official said here today.
JHS Svendgaard rallied as the company planned to resume export of tooth brushes. It had also closed a deal with Amway to sell the tooth brushes. The company hiked prices by the end of this quarter on account of increase in raw material based on the input material that it uses for each of the customers.
Direct selling FMCG company Amway plans to invest about Rs 250 crore to set up a manufacturing plant in India. William S Pinckney, Amway India managing director and chief executive officer, said work on the proposed plant should start next year and will be completed by 2013 although the location has not yet been finalised, reports Hindustan Times.
FMCG firm Amway expects its flagship nutritional brand 'Nutrilite' to achieve sales of Rs 2,500 crore in India by 2012-end on the back of the new product ranges, reports Business Standard.