AU Small Finance Bank expects to invest over Rs 500- 700 crore to scale up its digital banking and information technology over the next three-five years, taking the total tech spending to over Rs 1,000 crore.

Kolkata is expected to attract investment worth Rs 1,739 crore in the next two to three years. The state government is anticipating the investment to have an employment potential of about 14,000 people in Birbhum and Murshidabad districts.

The Ministry of New and Renewable Energy (MNRE) and the Ministry of Power (MoP) have proposed a scheme for setting up of three manufacturing zones for renewable energy and power equipment—two brownfield manufacturing zones, and a greenfield manufacturing zone in a coastal area with a total financial outlay of Rs 1,000 crore.

Reliance Infrastructure’s BSES in the national capital region, will install five million smart metres in its designated areas, making it the largest rollout across the country. The company has issued a tender worth Rs 4,000 crore to procure smart metres.

GE Steam Power has signed $165 million contract with BHEL for the supply of three nuclear steam turbines out of six units for NPCIL’s domestic nuclear program- phase 1 being developed at Gorakhpur, Haryana (units - 1 to 4 (GHAVP)) and Kaiga (Kaiga-5&6), Karnataka.

The government will invite bids from states to sell electricity generated from 8,000 megawatt (MW) thermal capacities without PPAs. A total of 8,000 MW of thermal capacities in India are without any power purchase agreements.

Global players including Alstom, Siemens, Hitachi, Stadler Rail, Wabtec and Arco have evinced interest in developing a new locomotive facility for the Indian Railways at an estimated investment of Rs 20,000 crore in Dahod, Gujarat.

Indian Railways will invest more than Rs 50 crore annually to fund startups, informed Union Ministry. Unlike other such collaborations, the intellectual property rights (IPR) for innovations will remain with the innovator.

The World Bank has approved a $245 million loan to support India’s efforts to modernise rail freight and logistics infrastructure, the international financial institution.