Business and Economy

Business and Economy Latest News

Hertz to shrink EV rental fleet over sluggish US demand
Hertz to shrink EV rental fleet over sluggish US demand
by  AFP

Hertz said Thursday it will sell one-third of its electric vehicle (EV) automobiles to resize its fleet in line with slowing demand growth for emission-free transport. The rental car giant will sell 20,000 EVs in the United States, steering a portion of the funds to purchase "internal combustion engine vehicles to meet customer demand," Hertz said in a securities filing.

India's TCS, Infosys see revenue dips on client spending cuts
India's TCS, Infosys see revenue dips on client spending cuts
by  AFP

Indian IT giants TCS and Infosys both signalled weak revenue growth in quarterly results Thursday as a client spending slowdown deepened a seasonally weak time for the sector. Revenue from TCS operations was 605.8 billion rupees ($7.29 billion) for the December quarter -- a four percent on-year increase that represents its lowest revenue growth figure in two years.

Energy

Money

Industry

Technology

Economy