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Adani Group Aiming to Become the World's Largest Solar Power Player by 2025, Says Chairman

Adani Group aiming to become the world's largest solar power player by 2025, says Chairman. 

 

COMPANIES

Ikea recalls millions of ‘Made in India’ travel mugs.

Issued in Public Interest: Swedish furniture and home products retailer Ikea has recalled millions of ‘Made in India’ travel mugs from more than 400 stores across the world due to excessive levels of chemicals in the plastic product.

 

“There are no medical issues and this is purely a proactive initiative keeping the safety of our customers in mind,” Ikea said on its website, urging consumers to stop using the Troligtvis-branded travel mugs immediately.

 

Consumers can return the mug at any store and get a full refund without any proof of purchase. Online purchases will also be refunded. ET Retail

 

Adani Group aiming to become the world's largest solar power player by 2025, says Chairman. 

Marching Ahead: In a LinkedIn post, Adani Group Chairman Gautam Adani said that the his group is aiming to become the world's largest solar power company by 2025 and the biggest renewable energy firm‎ by 2030. 

 

"Our existing portfolio of renewable power generating assets stands today at over 2.5 GW. This is expected to more than double by 2020, with the implementation of 2.9 GW under construction capacity and further record three-fold growth touching 18 GW by 2025. To make this happen we have committed to investing over 70 per cent of our budgeted capex of the energy vertical into clean energy and energy-efficient systems," he said.

 

In 2019, the Adani Group was ranked as the sixth largest solar player globally. ET Energyworld

 

Some solution will emerge to save Yes Bank, says SBI Chairman.

Infallible: "Yes Bank is a significant player in the market with an almost $40bn balance sheet...I have a feeling that it will not be allowed to fail," noted SBI Chairman Rajnish Kumar.

 

Kumar’s statement comes amidst speculations that SBI may eventually be asked to bail-out Yes Bank. However, last month Kumar said it was “out of the question that SBI will do anything for Yes Bank.”  ET Markets

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