Morning Podcast: The Expresso Business Update News

Adani Group, one of India’s leading conglomerates, has announced a massive investment of Rs 2.3 lakh crore in the country’s renewable energy sector by 2030. This ambitious plan includes expanding solar and wind manufacturing capacity, with Adani Green Energy alone investing Rs 1.5 lakh crore to increase electricity generation from solar and wind power.

The company aims to boost its capacity to generate electricity from solar energy and wind power in Gujarat’s Kutch region to 30 gigawatts from the current 2 GW. Additionally, Adani New Industries Ltd will invest Rs 30,000 crore in expanding solar cell and wind turbine manufacturing capacity in Gujarat.

In contrast, India’s coal imports have seen a 13% increase in February, reaching 21.64 million tonnes. This rise in imports, as reported by online marketplace mjunction, highlights the country’s continued reliance on coal for energy production.

On the financial front, debt-ridden Vodafone Idea has approved raising Rs 2,075 crore from its promoter, Aditya Birla Group, to fund its operations and reduce its debt burden. The company plans to raise a total of Rs 45,000 crore through a mix of equity and debt.

In the technology sector, Apple has issued a warning to users in India and 91 other countries about the potential threat of a Pegasus-type spyware that can infiltrate iPhones remotely. The company has urged users to take the warning seriously to protect their devices from such sophisticated attacks.

Lastly, in the auto sector, fashion brand Huem and motorcycle brand Royal Enfield have joined forces to launch ‘A Shot of Mumbai’ – a collection of apparel and helmets inspired by the Royal Enfield Hunter 350. This collaboration aims to blend motorcycling culture with high-street fashion, reflecting the spirit of exploration and adventure on two wheels.