Microfinance lending rates are rising for the poorest borrowers. This is happening despite a government credit guarantee scheme designed to...

India is shifting from electronics assembly to full-scale manufacturing as the ECMS scheme boosts domestic component production. With risin...

India saw the highest number of multi-level-marketing pyramid schemes launched in five years in 2023, according to Strategy India, a policy...

Amway, an American company that popularised direct sales at a mass level in India, has got into criminal cases related to money-laundering ...

In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Elon Musk, electric car company Tesla Inc and space tou...

Police say the company owned by 38-year-old Glaidson Acacio dos Santos had total transactions worth at least $7 billion ($38 billion reais)...

Direct sellers must have at least one physical location as their registered office within the country and make a declaration that they are ...

Earlier in 2016, the ministry had come out with a set of guidelines for the sector, which were advisory in nature. But now the proposed rul...

The 16 immovable properties that have been attached are located in Hisar, Adampur, Kulam, Delhi and Chandigarh apart from bank balances wor...

Mumbai based discount brokerage firm, Upstox has extended its reach to tech-savvy youngsters and tier-2 & tier-3 cities, where facilities a...

The Unregulated Deposit Schemes ruling is intended to protect investors from dubious outfits.

A week after the arrest of Bill Pinckney, the Indian Direct Selling Association has sought amendments to the Prize Chits Act, 1978.

The government has reissued the ordinance that seeks to empower the Securities and Exchange Board of India to take action against pyramid s...

The solution is to create a new law defining direct selling, registering direct sellers and establishing the principle that distinguishes d...

A government study said that such programmes are primarily meant to con individuals to the benefit of a few sitting at the top of pyramid.

In a bid to crackdown on pyramid schemes, the insurance regulator has barred companies that do not have a substantial customer base of thei...

Justice Department to announce the charges against R Allen Stanford, who ran Stanford Financial Group, and six others at a news conference....