Business

US stocks close lower following broad market sell-off

Jun 04, 2026

New York [US], June 4: Wall Street's main indexes closed lower on Wednesday as investors pulled back from equities amid heightened geopolitical tensions and rising commodity prices.
The benchmark S&P 500 index shed 54.11 points, or 0.74%, to finish at 7,555.67. The tech-heavy Nasdaq Composite Index declined by 230.97 points, or 0.85%, to close at 26,862.93, while the Dow Jones Industrial Average dropped 581.84 points, or 1.13%, to end the trading session at 51,076.85.
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