VW suspends work on electric Golf as retrenchment hits HQ - Reuters

More in Business

• Poundland in peril: how rampant inflation and price wars left £1 stores exposed

  The 36-year-old discount chain has filed a notice of intention to appoint administrators, placing 12,000 jobs and 600 stores in jeopardy across the UK and Ireland. Mounting inflation on goods, energy, and labour eroded its signature single-price model, forcing the business into crisis as suppliers halt deliveries. Its owner is now weighing a break-up of the estate after rejecting a whole-chain buyout offer.

  7 min read
• Spandana Sphoorty returns to profit at Rs 18 crore in Q2FY27

  The microfinance lender staged a sharp turnaround supported by substantial reductions in bad loans and expanding business volumes. Core operations recovered from heavy year-ago losses as credit metrics improved across the portfolio. This operational rebound reflects healthier collections and rising loan disbursements across its primary rural and semi-urban lending markets.

  1 min read
• US Markets: Marriott International shares in focus ahead of Q3 earnings, growth outlook amid Iran war impact

  Resilient global travel demand and solid pricing power continue to bolster the hotel operator's bottom line across core international markets. However, escalating geopolitical conflict in the Middle East and rising operational costs pose significant risks to upcoming regional performance. Investors are evaluating whether persistent network expansion can offset these macro disruptions to sustain full-year financial momentum.

  4 min read