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Ola Mobility CFO resigns amid company restructuring – ET Auto

Baua Electric

Kartik Gupta, Ola mobility New Delhi: About two weeks after the resignation of Ola Mobility CEO, the company’s Chief Financial Officer Kartik Gupta has also resigned from the company. Ola Mobility said that Gupta’s exit is part of the company’s restructuring exercise.

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Portuguese company eyes two lithium refineries in Iberia by 2030 – ET Auto

Baua Electric

A newly-established Portuguese company backed by a wealthy business conglomerate is hoping to build two lithium refineries in the Iberian Peninsula by 2030, its chief executive said on Tuesday. Lifthium estimates the projects would together cost around 1 billion euros (USD 1.1 “We also have to respond to these challenges.”

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Ola Cabs CEO Hemant Bakshi resigns; company to layoff 200 employees – ET Auto

Baua Electric

Ride-hailing major Ola Cabs ’ chief executive Hemant Bakshi is leaving the firm just three months after he joined the company, people in the know told ET. Ola Cabs founder Bhavish Agarwal continues to be the chairman and managing director.

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Semiconductor company Mindgrove launches India’s first commercial MCU chip – ET Auto

Baua Electric

The Chennai-based startup said the chip will allow local companies to use an Indian SoC in their products and help reduce the cost of their devices, without compromising on high-end features. The company said it is the only Indian chip that is commercially available in this segment. .

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Self-driving tech company Motional sacks nearly 550 employees in US – ET Auto

Baua Electric

Motional is a joint venture between Hyundai Motor Group and auto parts supplier Aptiv. Autonomous vehicle technology company Motional has sacked around 550 employees, or about 40% of its workforce, in the US, reports said on Saturday. Motional is a joint venture between Hyundai Motor Group and auto parts supplier Aptiv.

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Sigma Lithium CEO won’t sell the company at current lithium prices – ET Auto

Baua Electric

The Vancouver-based company, whose main business is a hard rock lithium project at Brazil’s Grota do Cirilo , started scouting for potential buyers about a year ago. Cabral-Gardner said Bank of America was still leading a strategic review of the company, but she declined to give details. Sigma has denied the allegations.

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AutoZone’s quarterly profit beats estimates on demand for car parts – ET Auto

Baua Electric

Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O’Reilly Automotive , rose 3.5% On an adjusted basis, the company earned USD 36.69 to about USD 4.24 Analysts on average were expecting AutoZone to report third-quarter net sales of USD 4.29 per share, according to LSEG data.

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