Business

US stock indexes drop sharply with Nasdaq plunging 4.18%

Jun 06, 2026

New York [US], June 6: US stock indexes closed sharply lower on Friday. The Dow Jones Industrial Average fell 695 points, or 1.35%, to slide to 50,866 points.
The tech-heavy Nasdaq Composite index plunged 1,121 points, or 4.18%, to drop to 25,709 points.
The S&P 500 index shed nearly 200 points to reach Client 7,383 points, representing a 2.65% decline and marking its steepest drop since April last year.
Source: Emirates News Agency

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What GeM Did for Government Buying, Shrevit Wants to Do for Private Enterprise Procurement

Mumbai (Maharashtra) [India], November 2: When the Government e-Marketplace (GeM) moved public purchasing in India onto a single digital platform, it gave government buyers something most private companies still lack: one transparent, rule-bound environment where every tender, bid and approval leaves a record. Inside many enterprises, procurement still runs on long email threads, spreadsheets saved as "Quote_v3_FINAL", missing vendor documents and approvals that sit unattended for days.

Nov 02, 2026