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Hertz will be selling about one-third of the electric vehicles in its fleet after they lost value more quickly than expected, the company said Thursday. The drop in value is a blow to the company's efforts to replace gasoline vehicles with cars that do not produce tailpipe emissions. The electric vehicles the company owned were also more likely to be involved in collisions, Hertz said, and they proved costly to repair. The company said it planned to buy more gasoline-powered vehicles to replace the 20,000 battery-powered cars it was selling. «Certain of these EVs became uneconomical for us,» Stephen Scherr, Hertz's chief executive, said in an interview on Thursday.

The U.S. Securities and Exchange Commission (SEC) approval of 11 exchange-traded funds (ETFs) that hold Bitcoin on Wednesday is being called an “unprecedented” decision by analysts — one that they say will expand how many people can gain exposure to the cryptocurrency.

Argentina's statistics agency says the country has registered a monthly inflation rate of 25.5% in December and closed 2023 with an annual inflation of 211.4%

Federal Reserve Bank of Cleveland President Loretta Mester said it was premature to consider cutting interest rates as soon as the US central bank’s March meeting, emphasizing that fresh inflation data suggests policymakers have more work to do. “I think March is probably too early in my estimate for a rate decline because I think we need to see some more evidence," Mester, who votes on interest-rate decisions this year, said Thursday in an interview with Michael McKee on Bloomberg TV.

Michelle Obama launch a candidacy for the US Presidential Election 2024? After her interview with Jay Shetty in a podcast this question has been raised. Former Fox News personality and political commentator Megyn Kelly has said Michelle Obama is more talented politically than Joe Biden. Talking to the SiriusXM podcast, 'The Megyn Kelly Show', she said, «There’s no question she's more talented than Joe Biden is politically. No question.» But Kelly said she was not sure whether the former first lady would vie for the commander-in-chief role.

interim Budget 2024 is unlikely to be about any major announcement but the government could showcase what it has achieved in the past 10 years, believes Abhijit Bhave, CEO & MD of Equirus Wealth in a telephonic interview with Livemint. He also shares his views on the sectors and fund categories that could do well in the Calendar Year 2024. About the broader market index, he asserts that there are grim chances of the repeat of the ongoing bull run of 2023.

Listed major auto OEMs in India have varied businesses that makes it difficult to play the EV theme through them, says Kumar Rakesh, IT & Auto Analyst, BNP Paribas. «However, some of the auto component manufacturers have started building capabilities in the EV value chain and could be a key beneficiary of increased localisation of EV components in India,» he says in an interview with ETMarkets.com. Edited excerpts: Now that you have the December sales numbers, what is the broad outlook on the earnings of auto companies in Q3? Where do you think the good news will come from? Kumar Rakesh: On Q3 earnings, our sense is that 2W and 3W companies will outperform the PV OEMs and can see earnings growth of 25-30%, while PV OEMs can see a potential earnings growth of low double digits. This was on back of the strong festive demand for both PVs and 2Ws, albeit a higher base of PVs while a low base effect for 2Ws. Tractors were weak in Q3 and could see earnings degrowth, while CVs could see low-mid single digit earnings growth. While we see all the festive cheers already factored in the earnings expectation and the recent share price rally, we see a further recovery, especially in the rural segment can bring in some good news, especially for 2W players like HeroMotoCorp. However, more pain from the entry segment PV sales and increasing discounts can be potential negatives to watch out for.

Karnataka’s Chitradurga district. Police officials have said that Suchana Seth was trying to flee in a cab. Now the cab driver who played a crucial role in getting Seth arrested has revealed details on how he managed to take the Bengaluru CEO to the police station without arousing her suspicion.

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Care Hospitals Group is considering more acquisitions, as it looks to become the third largest hospital chain in India. The Hyderabad-based chain will have 5,000 beds after it completes the acquisition of Thiruvananthapuram-based KIMS Health. It is currently one of the top 5 hospitals in India in terms of bed capacity. «Currently we (Care Hospitals) are about 3,000-plus beds, KIMS has about 2,000 odd beds, so it will be a 5,000 beds entity,» Care Hospitals Group chief executive Jasdeep Singh said in an interview to ET.

Indian companies to list directly on foreign stock exchanges, a senior Nasdaq executive said. Indian companies are currently not allowed to list their shares directly on overseas markets, but global investors and top Indian startups have been calling for this to change. Allowing Indian companies to list abroad on exchanges like Nasdaq will give them wider access to capital, Nasdaq's Executive Vice Chairman Edward Knight said in an interview.

IB ACIO Admit Card 2024: In a latest update for IB ACIO aspirants, the Ministry of Home Affairs has announced the examination city details for the Assistant Central Intelligence Officer Grade–II/Executive (ACIO-II/Exe) position within the Intelligence Bureau. This crucial information is vital for the candidates as it outlines the cities where the examination for the said position is scheduled to take place. The total number of vacancies available for this position is 995. The Intelligence Bureau (IB) ACIO Exam for Grade 2/Executive is set to occur on January 17th and 18th, 2024. Candidates should expect the release of the IB ACIO Grade 2/Executive Admit Card approximately three days before the examination date. The official website of the Ministry of Home Affairs, www.mha.gov.in, will host the online release of the IB ACIO Admit Card, scheduled to be available by January 14, 2024.

The National Bank of Ukraine (NBU) has stated that crypto “is not money,” and has reaffirmed its intention to regulate the sector – using EU law as a benchmark.

Sudha Murty's published biography 'An Uncommon Love: The Early Life of Sudha and Narayana Murthy' has been the source of many an anecdotes of the billionaire businessman. From being made to sleep on a box in a storeroom, to the ‘big regret’ the book has offered a plethora of narratives of Narayana Murthy.

cause of death has been revealed! According to a statement issued by the Coroner’s Court in London Inner South, the ‘Nothing Compares 2 U’ hitmaker died from natural causes. The court also added that they will not involve themselves with the singer’s death henceforth. Connor was found unresponsive at a home in London in July 2023.

Hindustan Aeronautics Ltd (HAL) will be shared with the state-run company early this year, GE Aerospace Defence & Systems President Amy Gowder told ET. In an exclusive interview, the top executive said the scope of the technology transfer to HAL will be higher than what GE has done with other partners and that options to export engines and components from India are firmly on the table. She added that GE is keen to participate in the development of next generation engines for India's Advanced Multirole Combat Aircraft (AMCA) and has a technological advantage over competitors. Speaking on the landmark pact to manufacture GE Aviation's F414 INS6 engines in India with HAL as the lead partner that was announced during Modi's visit to the US, Gowder said a detailed technology transfer process is underway. «Early this year, we will have a proposal to them and that kicks off formalising the agreement with HAL and the government.

Interviewing solutions provider InCruiter has raised Rs 1.1 crore (about $132,351) in revenue-based funding from GetVantage. Founded in 2018, InCruiter provides services to 300 firms from a total of six offerings including interview-as-a-service, interview subscription, interviewing scheduling software, exit process automation software and candidate sourcing services.

Microsoft has worked with a U.S. national laboratory to use artificial intelligence to rapidly identify a material that could mean producing batteries that require 70% less lithium than now, the company said on Tuesday. The replacement of much of the lithium with sodium, a common element found in table salt, still needs extensive evaluation by scientists at Pacific Northwest National Laboratory (PNNL) in Richland, Washington to determine whether it will be suitable for mass production.

Gilded Age Season 2 left viewers on the edge of their seats, and executive producer Sonja Warfield is wasting no time in providing a glimpse into what awaits fans in Season 3. Julian Fellowes' riveting period drama, set in 1880s New York, has been officially renewed, and Warfield is here to spill some tantalizing details.

Tokayev has recently elaborated on the country’s foreign policy approach for 2024, saying that Astana will continue a constructive and balanced foreign policy, taking into account the national interests of the state. He pointed out that the country in 2024 will chair several international organizations at once, most notably the Organization of Turkic States, the Shanghai Cooperation Organization, the Collective Security Treaty Organization, and the Conference on Interaction and Confidence Building Measures in Asia.

Gujarat Chief Minister Bhupendra Patel has said his government has set a target to contribute 10 per cent to India's GDP and become a USD 500 billion economy by 2026-27. At present, Gujarat, with five per cent the country's population, contributes 8.3 per cent to the national Gross Domestic Product (GDP) and in the previous year, the state accounted for 33 per cent of India's total merchandise exports, Patel said in an email interview to PTI ahead of the 10th Vibrant Gujarat Global Summit, to be inaugurated by Prime Minister Narendra Modi on Wednesday.