We were broke. Again. The economy, in a swirling, reverberating, downward spiral, took my freelance writing business and my husband’s fine art business with it. A newspaper I wrote for cut my fee to $25 per article, which after taxes could buy me a trip to Starbucks. The magazines weren’t much better.
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Amway India reports Rs 2,288 cr turnover in FY’13
KOHIMA/ Direct-selling FMCG company Amway India Enterprises Pvt Ltd has reported a turnover of Rs 2,288 crore for the fiscal year 2012-13, a Company Official said today.
Direct selling plan for Punjab farmers
Chandigarh/ The Shiromani Akali Dal-BJP Government in Punjab has now given an option to the state farmers to directly sell their crops to the procurement agencies, thus eliminating the role of the ‘artiyas’ (commission agents).
Herbalife: Pyramid Scheme or Juggernaut? CEO Michael Johnson Fights Back
On Christmas Eve last year, Herbalife (HLF) Chief Executive Officer Michael Johnson’s mobile phone rang as he was walking into church. It wasn’t Santa Claus.
First volunteer network meeting a success
Throughout the past year, as I have continued to learn more about the variety of businesses and organizations around us,
BJP’s carrot & stick for Mamata
Kolkata/ THE state unit of BJP while releasing a "chargesheet" against the Mamata Banerjee government detailing its "failures" on several fronts during its two-year reign on Wednesday lost no opportunity to praise the same government for "restoring peace" in the Maoist-affected Junglemahal and Darjeeling hills.
BJD politicising SCS: Congress
Bhubaneswar/ Even as the Planning Commission has rejected the demand for special category state status to Odisha, the Congress on Monday accused the ruling party of playing politics with such a serious issue.
Bengal govt to acquire two closed TV channels of tainted Saradha Group
Kolkata/ In the wake of the shutting down of media houses owned by the scam-tainted Saradha Group and leaving hundreds of employees jobless, the West Bengal government on Thursday announced it would acquire two of the closed TV channels.
Senior law officer argued for chit agent
Kolkata/ AMID the chit fund row, it has come to light that Government Pleader Ashoke Banerjee had represented an agent of MPS Greenery Developers Limited in a case filed by financial market regulator...
Saradha boss charged with abetment to suicide
Kolkata/ THE first case of abetment to suicide in the Saradha Group chit fund scam has been filed against the jailed CMD of the company, Sudipta Sen. The case has been lodged in Baruipur in South 24-Parganas on Wednesday by the son of a deceased depositor.
Chit Funds: Not just new laws; implementation is the key
The Standing Committee on Finance chaired by Yashwant Sinha is likely to recommend scrapping the Chit Fund Act, 1982, following the fallout of Saradha chit fund scam in West Bengal. If the Act is scrapped.
After FSLRC, FM too worried on multiplicity of regulators
New Delhi/ Amid the financial sector legislative reforms Commission (FSLRC) recommending a unified regulator for the financial sector.
Shareholders in an algae water company claim in court
SALT LAKE CITY/ Shareholders in an algae water company claim in court that they were flim-flammed into coughing up $160,000 by bogus promises the product would be pitched to Dr. Oz, Bill Gates and powerful Walgreens execs.
Managing state govt debt to be tough in FY14, says RBI
Mumbai/ The Reserve Bank of India (RBI) today said managing state government borrowings would be challenging this financial year,
Trader held for duping investors, sent in 3-day PC
New Delhi/ A businessman has been arrested for allegedly duping thousands of investors of lakhs of rupees since 2008 in the name of bogus prospective high-end residential societies and townships which he promoted through seminars.
One Can Now Get More Information About Multi-Level Marketing with CPC Broker
Tallahassee / More and more people have been relying on the Internet to promote the products and services that their companies are offering. Some of them even utilize the Internet for networking business.
Govt may get more teeth to tackle foreign MLM schemes
NewDelhi/ The government is likely to be empowered to take up cases of ponzi schemes and multi-level marketing (MLM) schemes.
Asantae Announces New President, Name Change and Private Placement
Appointment of Douglas Ridley as President The Company is pleased to announce the appointment of Douglas Ridley as President. Mr. Ridley has previously been an advisor to the Company's Board of Directors and management team during its turn-around that commenced late 2011.
The Hottest Online Marketing Tactics Used by Experts
Online marketing has grown in leaps and bounds. Today, there is a vast number of tools and resources that can help you jumpstart your online marketing campaign.
IIFL closes two real estate deals; plans to raise two new funds
Bangalore/ Financial services firm India Infoline Ltd (IIFL) has invested Rs. 110 crore in a proposed residential project in Ghaziabad being developed by Shipra Group.
Buy Shriram City; target of Rs 1250: Firstcall Research
“Shriram City Union Finance (SHRIRAM CITY) was established in 1986, and is part of the three decade-old Chennai-based Shriram Group.
17 stores in Metro Cebu hit by con artists
Con artists took advantage of the long weekend before the May 13 election and purchased P6 million worth of supplies from at least 17 stores in Metro Cebu.
'Jamie Oliver at Home' gets cooking in the Hope Ariste Village
PAWTUCKET / Jamie Oliver, the international icon of cooking and party planning, has decided that the U.S. is his next frontier and Pawtucket's Hope Artiste Village will serve as the launching point for his latest venture.
Belcorp USA Receives Diversity Award
San Francisco/ San Francisco based Belcorp USA is honored to announce that its General Manager, Mona Ameli, has been recognized among the 2013 Most Powerful and Influential Women in the state of California by The National Diversity Council.
Home Direct appoints distribution and logistics manager
Home Direct, leaders in direct selling, has appointed Mike Richards as distribution and logistics manager to support the company’s rapid growth, particularly online and in the South Island.
Shape Magazine Sparks Explosive Interest in Limitless Worldwide
SALT LAKE CITY/ Limitless Worldwide(TM), LLC, only made its official debut three months ago, yet it's already becoming one of the most talked about network marketing companies in the world.
Appco Group Started Twitter Account
London/ Appco group is one of the world’s top sales and marketing companies. They offer their services in more than 800 locations in 25 countries on 5 continents.
Herbalife Hires Pricewaterhouse Coopers as New Auditor
Herbalife Ltd. (HLF) hired PricewaterhouseCoopers LP as its new auditor after previous accounting firm KPMG LLP resigned because of alleged insider trading.
who cheated 250 people arrested
New Delhi/The alleged kingpin of a multi-level marketing fraud, through which around 250 people were cheated, has been arrested, police said on Tuesday.
Company owner held in `1 crore cheating case
NewDelhi /The Economic Offence Wing of the Delhi police has arrested a multi-level marketing company owner in connection with a cheating case worth `1 crore.
BJP to launch Jail Bharo campaign
Guwahati/ The Bharatiya Janata Party (BJP) will launch a week-long ‘Jail Bharo’ campaign protesting against alleged corrupt practices of the United Progressive Alliance (UPA) government.
View from the left
The CPM's mouthpiece People's Democracy focuses on the historic elections in Pakistan and talks about the challenges before Nawaz Sharif, both economic and strategic, and what his victory means for India-Pakistan relations.
India's 'unbanked' masses get fleeced
For 75-year-old pensioner Sova Sengupta the collapse of Indian property-to-media empire Saradha Group, to which she had entrusted her life's savings with the promise of a handsome return, spelt financial ruin.
Chidambaram for plugging regulatory gaps in financial sector
NEW DELHI/ Amid outcry over Ponzi schemes causing huge losses to common people, finance minister P Chidambaram on Wednesday said there are regulatory gaps and efforts are being made to frame a new law to oversee financial sector.
Naveen has failed to keep his promises, says Singhdeo
Bhubaneswar/ BJP State unit president K V Singhdeo on Tuesday derided Chief Minister Naveen Patnaik for acknowledging the accolades of the Congress-led UPA Government at the Centre as merit certificate of its success.
Government monitors self help groups
KOLKATA/ Following the chit fund scandal across the state, the state self help group and self employment department has started monitoring and holding awareness campaigns in the districts
Odisha Chit fund scam: NBFC official arrested in Ganjam
Berhampur/ The managing director of a non-banking financial company (NBFC) has been arrested on charges of cheating depositors in Khallikote area of Odisha's Ganjam district, police said on Wednesday.
Chit fund scam: Saradha Group director admitted to hospital
Kolkata/ Debjani Mukherjee, one of the main accused in the Saradha Ponzi scam, was on Tuesday admitted to the state-run SSKM hospital.
Chit funds or cheat funds?
Banglore/ Every once in a way, the media reports about unregistered chit fund operators fleeing with crores of rupees belonging to gullible investors. But that does not seem to deter people who continue on the same path of risky investment.
Odisha CM seeks Prez nod on Bill to curb frauds
Kolkata/With incidents of embezzlement of public money by unscrupulous financial entities on the rise in the state,Chief Minister Naveen Patnaik has sought quick Presidential assent for a Bill passed in the assembly for protection of the interest of small depositors.
Zeek Rewards claims Q&A
TRIAD /'Last week a federal court out of Charlotte began accepting claims from victims seeking restitution in the Zeek Rewards pyramid scheme.
The Hispanic Community is Not Happy with Herbalife (HLF)
While the short squeeze in Herbalife (NYSE: HLF) continues in earnest, with Bill Ackman on the short side and Carl Icahn on the long side, the calls for the FTC to go after the company also continue to grow with each passing day.
Chit funds explained: Facts vs fiction
The Saradha scam in West Bengal has created a storm and the murky multi-level marketing scheme of the group — helped and sustained by political leaders and other godfathers — is repeatedly and erroneously described as the ‘Chit Fund Scam’.
Mixed Signals: Deciphering The Conflicting Reports On Luxury In China
One need only do a Google news search on “China luxury” to gain an appreciation for Whitman’s most famous line and how it applies to China.
Wife of TV presenter Arfon Haines Davies wins unfair dismissal case
The wife of one of Wales’ most popular television presenters has won an unfair dismissal case, following a heated dispute in a “close-knit” family firm.
Entrepreneurs Start Their Days Off The Purrrrrrfect Way With The MLM Superheroes'
Vancouver/ Empower Network Top Leaders - The MLM Superheroes; independent affiliates of the Empower Network Blog Platform and Training System are proud to announce the launch of their daily C.A.T. Chat, Mondays to Fridays at 9 am PST. C.A.T. is an acronym that stands for Consistent Action Taking.
Virtual MLM Announces Launch of Gift Plan
Mumbai / Virtual MLM a well known MLM Software Development Company in Mumbai is rated as top 10 MLM Software Development Company in India.
Ravi Narain joins NBFC board
Mumbai/ The National Stock Exchange’s longest serving managing director has joined the board of a non-banking financial company as an independent director.
The cost of compliance
The ongoing debate on the financial scandal involving the Saradha group in West Bengal has put the focus on chit funds, one of the oldest but still poorly understood financial institutions in India.
Naveen seeks Presidential assent for Bill on chit fund
BHUBANESWAR/ With Opposition Congress and BJP announcing plans to make chit fund fraud a poll issue, Chief Minister Naveen Patnaik today wrote to the Union Home Minister seeking his intervention for an early Presidential assent to a Bill protecting depositors’ interests.
BJP seeks CBI probe into coal block given to two companies
Bhubaneswar/ The BJP on Sunday reiterated its demand for a CBI probe into the coal block allotted to Jindal and Tata at Chendipada in Angul districts.
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