Established in 2016, the Government eMarketplace (GeM) has emerged as a transformative force in public procurement, evolving into one of the largest Business-to-Government (B2G) procurement platforms globally. What began with a modest gross merchandise value (GMV) of INR 422 crore has surged to an impressive INR 4 lakh crore (approximately USD 50 billion) in 2024, marking a significant leap in its…
Mahindra & Mahindra has firmly denied reports suggesting a $3 billion joint venture with China’s Shaanxi Automobile Group to establish a car manufacturing plant in India. Here’s a detailed look at the current situation and what it means for the Indian automaker.
The Report and Mahindra’s Response
On August 9, 2024, a report by Reuters claimed that Mahindra & Mahindra (M&M) was in talks with…
