-The Telegraph The sudden arrest of Amway India's top brass on Monday has focused the spotlight on the crumbling fault lines and the grey areas in the demarcation between some of the world's best-known direct selling companies and the dodgy Ponzi schemes that promise huge returns to gullible investors and have lately grabbed all the sensational headlines in Bengal. William S. Pinckney, managing director of Amway India, and two directors of the...
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Government's wheat buying may touch 28-30 million tonne this season-Madhvi Sally
-The Economic Times NEW DELHI: Wheat procurement in the rabi marketing season 2013-14 is likely to touch 28-30 million tonne. When procurement began in April, the government had estimated to buy 44.06 million tonne wheat this year. "Wheat procurement this season will fall to 28-30 million tonne," said Union Food Minister KV Thomas. He added that since the government was strict with the OMSS price and didn't accept the industry...
More »USFDA scrutiny: Will pharma majors like Ranbaxy, Wockhardt be affected in long-term? -G Seetharaman
-The Economic Times Japanese companies do not mind erring on the side of caution. They are known to think longer and harder than their counterparts in other countries about big decisions, especially when it comes to entering a new market or acquiring a foreign company. But Japan's third biggest drugmaker Daiichi Sankyo would now wish it had spent more time doing due diligence on Ranbaxy Labs, in which it bought a...
More »New bank licences: The contenders -Dinesh Unnikrishnan
-Live Mint A SWOT analysis of 24 companies that are drawing up plans for their entry into banking Mumbai: The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two...
More »Sugar at ration shops may dry up in 15 states next month-Indivjal Dhasmana
-The Business Standard States yet to invite tenders after partial decontrol of sugar was implemented Partial decontrol of sugar might augur well in the long run but not before giving teething troubles. Sugar supplies in ration shops of around 15 states might end from June 1, as these states have not started inviting tenders for supply, as is required under a new mechanism. Officials said only Andhra Pradesh, Kerala, Tamil Nadu, Goa, Madhya Pradesh,...
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