State Street Consumer Discretio News - May 3, 2026

Indian Automakers Brace For ₹25,000 Crore Hit, Citing New Scrappage Rules

India’s automotive sector projects a ₹25,000 crore ($3 billion) profit decline for fiscal year 2026. The Environment Protection (End-of-Life Vehicles) Rules,...

Spirit Airlines Collapses, Cutting 17,000 Jobs After Failed Government Bailout

Spirit Airlines announced an immediate and orderly wind-down of all operations on May 2, 2026. The sudden collapse of the ultra-low-cost carrier resulted in...