Direct selling, also known as Multi-Level Marketing (MLM), Network marketing, or Referral marketing, has become an extremely popular sales model across India in the last few decades. India is a major hub for most of the direct selling companies in the world and is going to be one of the biggest markets in the world as … Read More →
In India, the direct selling industry has registered a remarkable growth in the last few years, in the number of direct sellers involved in the business. This industry has provided self-employment and part-time income opportunities to more than 50 lakh people in the country in 2017, and companies like Amway, Tupperware, Oriflame, QNet, and … Read More →
Mumbai: The Reserve Bank of India plans to usher in new asset liability management (ALM) norms for non-banking finance companies (NBFCs) — similar to the one for banks — to avert asset liability mismatches like the one that led IL&FS to default and cause a liquidity squeeze. “The recent experience of debt default of … Read More →
The joint forces of the Internet of Things (IoT), Artificial Intelligence (AI), and Blockchain represent an unprecedented opportunity for enterprises in the public as well as private sectors. Every institution, that has the capability to exploit these technologies will have a clear edge in radically streamlining and enhancing their existing processes and to develop innovative … Read More →
NBFC sector in India has undergone a significant transformation over the past few years and has come to be recognised as systemically important components of the financial system and it is growing quite consistently year-on-year. NBFCs are playing a critical role for the development of core infrastructure, transport, employment generation, wealth creation, economic development, to … Read More →
As per the recently published RBI Data, loan growth in India has averaged at around 11% from 2012 to 2018 with a steady shift of share from traditional banking channels towards non-banking financial companies (NBFCs). As on March 2018, while the total outstanding of bank loans to corporate grew by 6% year-on-year, the NBFCs witnessed … Read More →
A recent survey conducted in Germany showed that more than one-third of the businesses in Germany believe that blockchain technology is as revolutionary as the internet. The survey was meant for blockchain as compared to the internet in terms of impact. However, it wasn’t limited to blockchain technology. Other emerging technologies like artificial intelligence and … Read More →
A top official on Monday stressed upon the need for the companies in the Direct Selling business to set-up a more robust and sound consumer grievance redressal mechanism to gain consumer confidence. Speaking at the ‘5th Edition of DIRECT 2018’ organized by FICCI, Anil Bahuguna, Joint Secretary, Department of Consumer Affairs, Ministry of Consumer Affairs, … Read More →
If you look around, you’ll see many businesses having a great fall or loss, many job opportunities being stolen, salaries being cut etc. Due to this unfortunate scenario, people are struggling and suffering a lot to find a stable job or to get settled in a business to earn well for a living. So, … Read More →
Direct selling companies such as Amway, Tupperware, Oriflame, QNet, Herbalife Nutrition, and others employ approximately 50 lakh people in India. This figure is expected to touch 1.8 crores by 2025, according to a joint study by industry body Federation of Indian Chambers of Commerce and Industry (Ficci) and consulting company KPMG. Simply put, direct … Read More →