Vestige becomes industry pioneer to support project on formal direct selling education

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New Delhi, Oct 4 | Vestige Marketing Ltd, India’s leading home-grown direct selling company, announced its collaboration with Shoolini University, a top-ranked university based in Himachal Pradesh.

A dynamic and innovation-led centre of learning, Shoolini University was established in 2009 by leading academicians and professionals. It is a not-for-profit multi-disciplinary private university with a unique research and innovation-led model, and offers a range of undergraduate, post-graduate and doctorate programmes. It has consistently been ranked among India’s top universities as per MHRD NIRF, and it is one of India’s highest generators of patents and innovation that matches the world’s best universities in research output.

The association of these two esteemed organisations comes in the shape of a pilot project to offer a formal course on direct selling, aimed at empowering young minds with the knowledge of the fast-growing industry. The formalising of direct selling course will create opportunities for learning and self-employment for the youth, while introducing them to the industry.

The company, which has an extensive network of millions of distributors across the country and a global footprint in multiple countries, realises the growing spirit of entrepreneurship among India’s youth and the impending need for skill development. Vestige firmly focusses on the growth and development of the industry and has come up with an offering to address the pressing need of formalising direct selling as a subject of choice to create income opportunities for the country. This initiative will bring uniformity in regulatory practices in the industry and create livelihood opportunities, especially in tier- II and tier-III cities and towns.

“The booming youth population is one of the most invaluable resources of India, and training, skilling and setting them on the path to financial freedom can unlock miraculous potential for the national economy. Our focus on formalising the direct selling industry and bringing it into the mainstream education has led to the collaboration with the renowned Shoolini University. While we are proud to be a part of such a collaboration, we are also hopeful that this initiative will help in skill development and enabling entrepreneurship, which will create a sustainable income path for many and benefit the industry as a whole,” Gautam Bali, Managing Director, Vestige Marketing Pvt. Ltd., expressed.

Putting the impetus on the need to skill the youth for national growth, Dr. Kamal Kant Vashisth, Director- Centre of Excellence for Direct Selling in Academics, Shoolini University added: “While India has one of the largest eligible working populations in the world, it is yet to cover the employment gap. We are glad to partner with Vestige, which has always been supportive towards this initiative. Together, we hope to formally educate, skill and train our youth to become the next generation of micro-entrepreneurs.”

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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