gross merchandise value

GeM Slashes Fees: Orders Above Rs 10 Cr To Pay Flat Fee Of Rs 3 Lakh

In a step towards enhancing the ease of doing business and promoting inclusivity in the economy, the Government e Marketplace (GeM) has announced a major reduction in transaction charges for sellers and service providers on its platform. According to the Ministry of Commerce and Industry, under the new policy, all...

Alibaba exiting India? Paytm-owned stocks seeing selloff

Paytm's stock dropped sharply on Thursday following a block sale in which 259,930 shares were sold. The shares were sold for Rs 535.90, amounting to Rs 13.93 crore. According to sources, Chinese conglomerate Alibaba is behind the block offer, selling around 3.1% of its overall stock of approximately 6%. According...