E-marketplace

Procurement via GeM crosses target of Rs 2 trillion on last day of FY23

On March 30, GeM completed five million transactions in a single financial year for the first time ever

HUL set for health and wellbeing foray with two investment deals

To acquire majority stake in OZiva maker, 19.8% in Nutritionalab

Top Headlines: India's G20 presidency from today; GDP growth in Q2 and more

Here is our morning brief of today's top headlines

GeM public procurement crosses Rs 1 trillion in just eight months

Cumulatively, GeM has surpassed GMV worth Rs 3 trillion since inception and the number of transactions on GeM exceeded 12 million

In ODOP push, Centre asks states to onboard most products on GeM

G20 Presidency an opportunity to showcase ODOP products

India has democratised technology to fight poverty, says PM Modi

New demographic joining information superhighway, he says at Bengaluru Tech Summit

Over 400 cooperatives registered on GeM portal in last 3 months: Govt

More than 400 cooperative societies have registered on the Government e-Marketplace (GeM) portal in last three months, Union Minister B L Verma said on Monday. On June 1, the Union Cabinet had given its approval for expanding the mandate of GeM to allow procurement by cooperatives as buyers on GeM. But it was on August 9, the cooperatives were formally onboarded the portal. "So far, more than 400 cooperatives have registered on the GeM portal and begun the trade," the Minister of State for Cooperation said. He was addressing the 69th All India Cooperative Week organised by National Cooperative Union of India (NCUI) here. Organic products, especially from North-East do not find a right market. Be it organic or other products, cooperatives can sell these items on the GeM portal, he added. Besides this, the minister said the government has taken several measures to strengthen and expand cooperatives since formation of a new cooperation ministry in July 2021. On setting up of a new .

Flipkart's net loss widens 51% on account of rising transportation costs

Flipkart's operating loss or EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss stood at Rs 3,925 crore, which was up from Rs 2,267 crore in the previous fiscal

Reliance Jio lists JioBook on govt e-marketplace at Rs 19,500: Details here

The JioBook is currently available for government department employees via the GeM at Rs 19,500. For others, it is expected to be available around Diwali

Uttar Pradesh tops GeM chart with GMV of more than Rs 24,000 crore

The Centre has incrementally been expanding the GeM shopping basket by offering over 300 services and 10,000 goods categories for government sector buyers

JioMart morphs into e-marketplace to take on Amazon and Flipkart

Reliance Retail's digital commerce arm has been onboarding additional sellers across categories

Co-op societies can now procure goods from public procurement portal GeM

The decision is expected to help cooperatives in getting competitive prices through an open and transparent process

udaan tops duopolistic Kirana e-commerce market in India: CLSA report

The platform has a 60% share in this space, with Reliance Jiomart being the only other dominant player

ADIF ties up with non-profit set up to build free and fair app marketplace

There has been a global uproar against the anti-competitive app store policies of both Apple and Google, which include a steep gatekeeper tax on all digital goods

Coinbase CEO says NFTs could be 'big or bigger' than crypto trading

Coinbase has received more than 2.5 million emails seeking to sign up for the marketplace since it was first announced in October

Shinsegae Group's E-Mart acquires 80.01% of shares in eBay Korea

Shinsegae Group's E-Mart officially acquired about 80 per cent of share in eBay Korea, which operates G market and Auction, on the 30th

Goyal calls for adding more participants on Govt e-Marketplace platform

Commerce and Industry Minister Piyush Goyal on Tuesday called upon GeM to expand its scope and include more participants for public procurement of products and services.

E-marketplace for marine products to raise farmer income: Piyush Goyal

Launching e-Santa, the minister said the platform will change the traditional way of carrying out business on word-of-mouth basis and will make the system more formal and legally binding

Only 3% difference in prices on GeM and Amazon and Flipkart, shows data

A set of common items were identified or the study, done on January 4.

Food-grocery marketplace Jumbotail completes $25 million fundraise

Tech startups including Jumbotail are poised to transform the kirana store ecosystem at an unprecedented pace and scale over the next few years