MULTILEVEL MARKETING
Noida traffic police issue advisory in wake of festive rush
Noida traffic police have imposed restrictions on the movement of autos, tempos, and e-rickshaws near major malls and markets like Atta Market, GIP Mall, and Botanical Garden ahead of Diwali to manage traffic during the festive rush. These areas are designated as no-parking zones, and illegally parked vehicles will be towed. Metro usage is encouraged.
Can the crypto bull market last?
Ongoing crypto bull run impacts Indian investors. Popular exchanges like CoinSwitch and UnoCoin gain attention. Bitcoin, Ethereum surge due to ETF approval and Halving event. Diversified investments and research-based decisions recommended for profiting in this market.
10 stocks with Ayodhya Ram Mandir link rally up to 148% in January
Nifty's record high of 22,124 has a Ram Mandir connection as it translates into 22-1-24, the date of the temple's Prana Pratishtha ceremony. Investors are eyeing opportunities in 10 stocks related to the Ayodhya Ram Mandir, including Pakka, Kamat Hotels, SIS Ltd, Praveg, Apollo Sindoori Hotels, Thomas Cook, IRCTC, Genesys, Allied Digital, and EaseMyTrip. These stocks have seen significant rallies in January due to their involvement in supplying goods or services for the temple or capitalizing on the tourism boost expected from the temple inauguration.
Amway, ED and India¡¯s direct-selling sector
Amway, an American company that popularised direct sales at a mass level in India, has got into criminal cases related to money-laundering and running pyramid or money-circulation schemes. The Enforcement Directorate has alleged it of promoting a pyramid scheme, ET has reported. The ED has alleged that the company ¡°was running a multi-marketing scheme and money-circulation scheme to collect money from subscribers¡±.
Infra.Market to buy majority stake in Strata Geosystems for $111 million
The business-to-business (B2B) platform for construction materials plans to fund the acquisition by raising $150 Million from Varde Partners through an issuance of convertible notes, cofounder Souvik Sengupta told ET on Monday.
4 construction & contracting companies with "Strong Buy" and "Buy" rating can rise up to 37 %
The government spending on infrastructure projects has remained at elevated levels for many years, this had a trickle down effect on many parts of the economy and specially companies which are ET screener powered by Refinitiv¡¯s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of ¡°buy¡± or "strong buy".
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Don't be averse to risk, take the right amount of risk at the right time: Deepinder Goyal
I care about the work. I actually care like about our customers loving us, about our partners actually loving us, about us growing fast, us making money about our people here who are working and making a lot of money. So that is what I care about.
How retail investors can be protected from market volatility, frauds
Let's consider how India's young investors invest. Many park their savings in mutual funds and equity assets. Others seek additional gains in 'savings schemes', which often can be fraudulent. Take equity, where even listed corporates have lost their sheen. New-age firms, which ideally would offer credible assets to retail investors via an initial public offering (IPO), have become notorious for overpricing their public issues.
Cryptocurrency Hyper Fund under government scanner
Sources said Hyper Fund, a DEFI by Hyper Tech Group has come under the radar recently. The Group claims to have launched the Hyper Fund to provide a decentralized financial infrastructure. Hyper Fund was announced in mid-2020.
ETIG Analysis: Implications of the new Consumer Protection Act on consumer companies
Consumers now have a strong reason to move away from the unorganised space since they can better assert their rights and seek legal redressal of their complaints in case of disputes with a player from the organised market.
Beyond the dating game: People use Tinder for self-promotion, political campaigning
The app's off-label use appropriates its infrastructure, and sociocultural meanings.
Ponzi scheme: ED attaches Rs 261 cr assets of Haryana firm
The 16 immovable properties that have been attached are located in Hisar, Adampur, Kulam, Delhi and Chandigarh apart from bank balances worth Rs 252 crore kept in 34 accounts.
First public underground parking project hits hard rock
The multi-level parking facility, first proposed in 2008, will extend from Seshadri Road to Kalidasa Road. The facility will have three floors 12 metres below ground level.
Don't fall prey to promises of multi-level marketing firms: RBI
RBI said investors should not fall prey to these kind of unscrupulous entities as the pyramid structure mandates all members to enroll more members.
Insurers to be liable for agents' misdeeds
The move will come as a relief to millions of policyholders, who often complain that the policy sold to them was not what was promised to them.
Multi-level marketing firm fraud case: Court extends custody of six accused
According to police, he had taken loan from a bank to invest in KBC but has become frustrated as the lender prodded him to pay the instalments.
Andhra Pradesh: Nine promoters of multi-level marketing firm held in fraud case
In their crackdown on unscrupulous MLM schemes, police have arrested nine promoters of a firm for allegedly duping investors by promising them lands on investments.
Government working on streamlining rules for multi-level marketing companies: Sachin Pilot
The minister's comments come against the backdrop of the recent arrest of global direct selling major Amway's India Chairman by the Kerala police.
Government may ban NBFCs from running deposit schemes to protect investors
The inter-ministerial panel is also considering creation of a central coordination agency to share market intelligence.
Saradha Group has nothing to do with chit fund business: CFAI
"The failure of some Multi-level Marketing or a ponzi scheme is explained as failure of a Chit Fund company. This is totally unfair," Sivaramakrishnan said.
Government working to curb fraudulent multi-level marketing companies
Corporate Affairs and Consumer Affairs ministries, along with stakeholders, are working on ways to curb fraudulent multi-level marketing companies.
Multi-level parking planned for Noida Sector 18 Market
Noida Authority has planned a multi- level parking at a cost of Rs 150 crore at Sector 18 commercial sector here on Delhi airport parking pattern.
Govt panel suggests consumer campaign against ponzi schemes
The committee has also suggested framing of fresh guidelines on the nature of operation of the direct selling and MLM companies so that genuine companies are differentiated.
Government panel for ban on defaulter MLM firms, blocking websites
A Govt panel has suggested wide-ranging changes in the rules governing such businesses, including a ban on defaulter firms.
50 multilevel marketing firms are under EOW probe
Police officers say a special unit under the EOW should have been formed much earlier, but was delayed due to a shortage of manpower.
Government to block suspect multi-level marketing websites, payments
Govt has decided to crack the whip on fraudulent multi-level marketing companies that have duped hundreds of investors in the country by blocking their websites.
Government finalising rules for multi-level marketing companies
The government today said it is close to finalising new rules for multi-level marketing firms and is working on an early warning system to prevent corporate frauds.
Transparent rules should govern the multi-level marketing business
For MLM companies, the govt should issue clear guidelines about what constitute genuine business practices, which generate economic benefits.
Govt inspecting 87 chit-funds, multi-level marketing cos: MCA
As many as 87 companies have come under the scanner for alleged irregularities related to chit fund schemes and money circulation in the garb of multi-level marketing, the government said today.
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