In Q1, the services segment of FY24-25 was the major driver with a GMV of over Rs 80.5 billion, representing a growth of 330 per cent over the corresponding period in FY23- 24.Procurement by central ministries, including CPSEs, crossed the Rs 1 lakh crore milestone in this period, with the...
New Delhi: As procurement of goods and services through government portal GeM will cross Rs 1.24 lakh crore in the first quarter of 2024-25, the platform will become the world's largest by the end of this year prosecutor, a senior official said Thursday.Government e-Market (GeM) portal was...
New Delhi, Magicbricks, one of the leading real estate platforms, has launched 'Propworth', a property valuation tool for potential buyers and sellers.The tool, powered by advanced machine learning algorithms, will help buyers and sellers evaluate the approximate value of any property...
Kolkata, Mango exports from West Bengal's Malda district have been hit this year as exporters have failed to secure remunerative prices from foreign buyers, while sellers are getting lucrative prices in the domestic market, officials said on Saturday.Importers in the United Kingdom and the...
New Delhi: Retail prices of tomatoes in Delhi have increased to around Rs 70-80 per kg due to short supply due to recent heat conditions.Mother Dairy, a leading supplier of fruits and vegetables in Delhi-NCR, is selling tomatoes at Rs 75 per kg through its retail 'Safal' stores. Local sellers...
The 300 vendors were drawn from six clusters across India, including Lucknow (Chikankari), Moradabad (brass), Kanchipuram (Kanchipuram sarees), Varanasi (Barasi sarees), Khurja (pottery), Bargarh (Sambhalpuri sarees), and were activated in the digital platform. network with Small Industries...
New Delhi: Some Flipkart sellers have complained of issues in repricing their products since May 18 after the e-commerce company introduced a new commission rate sheet.The Walmart group firm, however, denied any role in influencing prices on the platform and said it is working with sellers to...
The app will enable buyers to use a WhatsApp-based conversational UI to search, browse and buy products from sellers in the ONDC network, without the need to download any other mobile app.Beerud Sheth, CEO, Gapsup, said in a statement, “Gassop's Buyer App on ONDC brings the vast commerce...
Prices of vegetables and fish are rising in Thiruvananthapuram, Kerala, significantly impacting the monthly household budget of residents of the state.Sellers attribute the rising prices of vegetables to extreme heat and unseasonal rains in Tamil Nadu, a major vegetable supplier to Kerala...
This represents a strong 23 percent month-on-month increase in total transaction volume, ONDC said in a statement.In retail, ONDCs hit a new peak of 5 million orders in May, up from 3.59 million in April. The network also saw a single-day record of 200,000 retail transactions during the month...
New Delhi [India], Selling in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, reaching Rs 25,586 crore by the end of the month.The continued outflow of money from Indian stocks is partly due to a stronger US dollar, sticky inflation, especially in the food...
New Delhi [India], Selling in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, now reaching Rs 22,04 crore, with just a few more days left for the month to end. Money is being sold continuously. The fall in Indian equities was partly attributed to a stronger...
New Delhi [India], Selling in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, partly due to a stronger US dollar, sticky inflation, especially in the food sector, and poll result concerns over 10 days . More are expected to go up in May, with foreign...
New Delhi: Government-backed initiative ONDC (Open Network for Digital Commerce) has started gaining popularity in the e-commerce sector and so far five lakh sellers have joined the platform, a senior official said on Friday.Rajesh Kumar Singh, Secretary, Department for Promotion of Industry...
NEW DELHI: The success of India's thriving e-commerce sector is driven by consumer trust, experts said on Wednesday, stressing the importance of transparency, data security and a good shopping experience in fostering this trust.The year 2023 proved to be a turning point for India's e-commerce...
NEW DELHI [India]: Stock indices started Wednesday's session with modest gains, maintaining positive momentum for the fourth straight session, helped by positive cues primarily from US markets, which rose overnight. At 9.27am, the Sensex was at 73,193.81, up 89.20 points or 0.12. percent and...
New Delhi, E-commerce platform Flipkart on Friday said it has simplified its rate card structure for sellers on the platform.The revised rate card policy, effective from May 18, 2024, includes a simplified rate card structure, affordable FBF (Fulfillment by Flipkart) rates and an updated...
Kalaburagi (Karnataka), Congress President Mallikarjun Kharge on Wednesday accused Prime Minister Narendra Modi and Home Minister Amit Shah of selling state-owned factories established decades ago to Ambani and Adani.He also challenged Modi to take back the money looted from him instead of...
New Delhi [India], Foreign portfolio investors (FPIs) have recently become net sellers in Indian stocks, as the ongoing geopolitical crisis in the Middle East has prompted investors to pull money out of their portfolios. Foreign portfolio investors (FPIs), who remained. Net buyers have...
Jaipur, Multinational retailer Walmart has announced the launch of a dedicated page for Indian sellers to register and sell on the company's marketplace site.The company hosted a global vendor meet in Jaipur on Tuesday as part of a series of regional events to provide potential vendors with...